Budget 2013-14 Highlights

General Budget / Union Budget 2013-14 Highlights Live Today, 28th February 2013, 11:00 AM onwards: Finance Minister P Chidambaram presents General Budget for 2013-14 today, 28th February 2013 from 11:00 AM onwards. User can check General Budget for 2013-14 Highlights Live on website www.RajasthanVoice.com. Full General Budget 2013-14 in PDF Format Hindi and English for download will be uploaded on our website once Budget speech completes today.
General Budget 2013-14 Highlights
* Finance Minister P Chidambaram reaches Parliament with Budget 2013-14.
* P Chidambaram will begins budget speech at 11:00 AM.
* P Chidambaram will present Budget for 8th Time.
* Lok sabha preceding begins for Budget 2013-14 with claps.
* P Chidambaram begins Budget Speech 2013-14 in English language with welcome speech.
* Growth rate main concern, our goal is higher growth.
* UPA govt. believe inclusive growth with growth for Minorities, SC/ST and other communities.
* Current account deficit main concern for countries due to high oil imports.
* Battle against inflation should be fought on all levels, with target of 4.2%.
* Foreign Investment is must for development.
* India's 2013-14 plan expenditure seen at 5.55 trillion Indian rupees ($103 billion)
* Revised estimate for total expenditure is 14.3 trillion rupees in 2012-13, which is 96 pct of budget estimate
* Rs. 77000 Crore for Child Development projects
* Rs. 41000 Crore for Dalits
* Rs. 35000 Crore for Minorities which is 12% higher than last budget.
* Rs. 37000 Crore for Health for All, Education for All.
* Rs. 110 Crore for Physically Challenged people and plans.
* Rs. 65000 Crore for Education.
* Rs. 27000 Crore for SSA (Sarva Shiksha Abhiyan)
* Rs. 13000 Crore for Mid-Day Meal scheme.
* Rs. 24598 Crore for Tribal areas.
* Rs. 5400 Crore for Scholarships.
* Rs. 15000 Crore for Water schemes.
* Rs. 33000 Crore for MGNREGA scheme
* Rs. 14000 Crore for Jawahar lal nehru urban development scheme.
* Farmers loan scheme extended to Pvt. Banks, Scheduled banks apart from PSU Banks.
* Rs. 1000 Crore for North-East state.
* Rs. 9900 Crore for Agriculture development.
* Rs. 5287 Crore for Watershed schemes.
* Biotech institute in Ranchi, Jharkhand.
* Rs. 75 Crore to Kerala for Coconut productions.
* National Food security Bill will be soon and its part of UPA promise.
* Govt. will take some measures to brings more FDIs.
* Target of 55 Lakh crore investment in Infrastructure.
* Govt. to establish Road Regulatory authority.
* Rajeev Gandhi Equity scheme liberalized in Budget 2013-14.
* Benefits on First Home upto Rs. 25 Lakh from 10 Lakh
* Increase production of Coal with Coal India.
* Non tax benefits for 3 years to MSME.
* Rs. 50 Crore for Taxtile parks.
* Rs. 14000 Crore infusion in PSU Banks.
* ATM on each Branch of PSU Banks.
* India's First Woman bank soon this year as Public sector bank, Rs. 1000 Crore for proposed bank.
* Insurance sectors allowed to open branch in Tier-2 cities.
* SME companies allowed to list without IPO to Informed investors.
* Encourage muncipalies to use wastage for energy projects.
* Rs. 800 Crore for Wind energy.
* Increase in Defence project to Rs. 2 Lakh Crore.
* Rs. 6200 Crore to Science and Technology.
* National Institute of Sports Coaching in Patiala, Punjab.
* Rs. 100 Crore to AMU, Rs. 100 Crore to BHU, Varanashi.
* Rs. 5 Lakh Crore to states.
* Rs. 8880 Crore for Nucler power.
* Rs. 1000 Crore for Woman security.
* NO CHANGE in New Tax Slab in Budget 2013-14 except Rs. 2000 Tax benefits to Income slab of Rs. 2 Lakh to Rs. 5 Lakh.
* No Tax on agrigultural land buy/sell.
* 10% extra tax on person having income more than 1 Crore.
* Mobile phones Worth Rs. 2000 will be costlier.
* Increase of Tax on Marbles.
* Increses of Tax: Marbles, Cigeratte, A/C Restaurents, SUVs/ Foreign Vehicle, Property, Cigerratte, Set top box,
* Relief of Tax: In short Don't expect anything.