UNION BUDGET 2013-14

SHREE HARI MBA 201230

Bombay stock exchange Sensex fell by 291 point to a 3 months low post budget

FOR WOMEN *All women bank by November 2013 with an initial capital of Rs 1,000 crore. *Rs 1,000 crore NIRABHAYA fund, named after Delhi gang rape victim to empower women

IMPACTThe government expenditure is projected to

increase by 30% which will have a serious impetus on GDP growth for the coming year.

The taxes too have been increased , for the super rich.

The biggest aim now must be to reduce deficit, else inflation will reduce growth aspirations

IMPACTThe department of health and family welfare

got majority share of Rs 33,278 crore.The department of AYUSH a total of

Rs1,259crore and the department of health research rs 1,008 crore

IMPACTThe 17% increase in allocation to human

resource development is definitely a positive sign for the education sector in India.

This can be provide a boost to building quality education resources at all levels in our country.

FOR YOUTHTo meet the enormous challenge of skilling

the Indian youth towards job.Thus the target of achieving 500 million

skilled workers by 2022 cannot be achieved without the active and effective cooperation of industry with governments at the centre and the states.

IMPACTNew impact have been taken for bringing in

more investment to this sector.Promoting growth in key areas and farmers

welfare. Helps in food security and containing food

inflation.

IMPACTExcise duty on readymade garments

extempted positive for textile sectorBombay rayon---260.15-7.55Mandhana Ind –248.95-0.00Sutlej textiles – 212.13-0.85Bannari A Spg – 112.50-1.50

REFERENCE : THE HINDU ECONOMIC TIMES.COM

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