Union Budget 2013-14 - Highlights
Posted on: 28/Feb/2013 10:35:59 AM
What goes up:
Cigars,Cigarettes,Mobile Phones, Imported luxury cars, High-end motor vehicles,SUVs,Marbles,Silver,Set-top boxes,Dining in air conditioned restaurants
What goes down
Jewellery,Cotton garments,Agricultural testing procedures,Ships and vessels,Cinema and films,Machinery for manufacturing of leather goods
- Budget expenditure is Rs 16,65,297 crore and Plan expenditure Rs 5,55, 322 crore
- 6 AIIMS-like educational institutions have admitted first batch of students
-Health and education for all remain our priorities
- Mid-day meal scheme - Rs 13,215 crore
-Ministry of HRD in 2013-14 - Rs 65,867 crore
- Ministry of health & family welfare - Rs 37,330 crore
- Plan to allocate 270.49 billion rupees for agriculture in 2013/14.
-Thousands of scholarships to be given to SC/ST students, girls
-Chidambaram announces over Rs 80,000 crore for rural development ministry
-FM allocates Rs 41,561 crore for SC sub-plan; Rs 24,598 crore for tribal sub plan
-Rs 27,049 crore allocation to the agriculture ministry in 2013-14
-Home loan exemption limit hiked from Rs 1.5 lakh to Rs 2.5 lakh
- Customs duty on SUVs raised from 75% to 100%
- 42,800 people with annual taxable income higher than Rs 1 crore to be taxed.
- Tax administration reform commission to be set up
- 294 more cities to get private radio FM stations.
-First housing loan up to Rs 25 lakh would get additional deduction of interest of up to Rs 1 lakh in 2013-14,
- Duty free limit increased on gold
- Tax credit of Rs 2,000 for persons with income up to Rs 5L; 10% surcharge on super-rich
