*.All realty stocks shoot up after Finance Minister announces incentive
for home loan
*.Re-financing capacity of SIDBI increased to Rs 10,000 crore from Rs
5,000 crore for Ministry of Small and Medium Enterprises
*.Eastern Indian states to get Rs 1,000 crore allocation for improving
agricultural production.
4. Rs 7 lakh crore target fixed for agriculture credit for 2013-14
compared to Rs 5.75 lakh crore in the current year.
*. Expenditure for 2014 up 16% at Rs16.65 trillion
*.Rs 37,330 crore allocated for Ministry of Health & Family Welfare
*.Rs 110 crore to be allocated to the department of disability affairs,
says FM.
*.Rs 3511 crore allocated to Minority Affairs Ministry which is 60 per
cent of the revised estimates.
*.Additional sum of Rs 200 crore to Women and Child Welfare Ministry to
address issues of vulnerable women
*.Securities and Exchange Board of India to simplify procedures for
foreign portfolio investors Propose to provide Rs. 14,000 cr for capital
infusion in public sector banks Inflation indexed bonds and NSCs to be
introduced JNNURM is being continued in the 12th Plan; Rs. 14,873 cr to be
provided to the Mission
*Rs. 33,000 crore to be allocated to MNREGA
*Rs. 6000 crore for rural housing fund, Rs. 2000 cr for urban housing fund*All towns having population of 10,000 to get LIC office
*Rashtriya Swasthya Bima Yojna to be extended to rickshaw pullers and rag pickers
*SEBI to simplify procedures for entry of foreign portfolio investors in India: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Foreign investment imperative for growth: Chidambaram
*No choice but to cut spendings to control inflation: Chidambaram
*Two new ports to be built in West Bengal and Andhra Pradesh
*List of eligible securities will be enlarged: Chidambaram
*All public sector bank branches to have ATMs
*Focus on modernisation of powerloom sector
*Propose to continue with the technology upgradation, funds scheme for
textile sector: Chidambaram
*Rs. 1650 cr allocated for AIIMS like institutes
*Natural gas pricing policy will be reviewed: Chidambaram
*Person taking home loan for the first time to get tax cut of Rs. 1 lakh
*Regulatory authority to be set up for road sector
*Rs. 17,700 crore to be allocated for Integrated Child Development Scheme
*Rs. 5000 cr allocated to NABARD
*Income level of Rajiv Gandhi equity schemes increased by Rs. 2 lakh
*Rs. 80, 194 crore allocated for rural development: Chidambaram
*Rs. 25,000 cr to be raised through tax free bonds: Chidambaram
*Rs. 10,000 crore for food security bill promised by UPA: Chidambaram
*Infrastructure debt fund to be encouraged: Chidambaram
*Rs. 37,330 cr allocated to ministry of health and family welfare:
Chidambaram
*Rs. 41,000 allocated for scheduled caste welfare: Chidambaram
*Rs. 27,49 cr to be allocated to the agriculture ministry: Chidambaram
*Plan expenditure in 12th Five Year Plan revised to Rs. 14,30,825 cr or
96% of budgeted expenditure
* Scholarships for students from SC/ST, minority communities: Chidambaram
*Increased allocation for safe drinking water and sanitation:
*Increased allocation for mid-day meal schemes: Chidambaram
*Rs. 65,000 cr allocation for education schemes: Chidambaram
*Rs. 110 cr to be allocated to department of disability: Chidambaram
*Need $ 75 billion to bridge current account deficit: Chidambaram
*2013-14 budget has sub-plans for SC, ST, youth and women: Chidambaram
*Our economy has slowed down after 2010: Chidambaram
*China and Indonesia are growing faster than India:
*Getting back to 8% growth is a challenge for country: Chidambaram
*Our goal is higher growth: Chidambaram
*Between 2004-2008 and again in 2009-10, 2010-11 the growth rate was over
8%: Chidambaram
*.National Livestock Mission launched
with Rs 307 crore
*. Rs 15269 crore for water and
sanitation
*. Rs 9954 crore and Rs 2250 crore
for crop diversification under different schemes.
*. 17% increase in budgetary support for
HRD ministry. Good step. We need many more schools and colleges
*. Rs 13215 crore for mid-day meal
scheme
*Plan expenditure Rs 555322 cr, non-plan Rs 1199074 crore
*Rs 5,80,000 crore to states and Union Territories
*Rashtriya Swasthya Bima Yojana to include rickshaw pullers, taxi drivers
and ragpickers.
*National Institute of Sports Coaching to
be set up in Patiala at a cost of Rs 253 crore
*Rs 5400 crore to department of space and Rs 5600 crore to department of
atomic energy.
*Defence gets upwards of Rs 2,00,000 crore, Rs 86721 crore for capital
expenditure. No cuts but a hike.
*Rs 11500 crore for backward areas
*KYC of
banks enough to get insurance
*No changes in Income Tax rates or
slabs, Rs 2000 credit for those earning up to Rs 5 lakh per annum.
*Surcharge on those earning above Rs 1 crore
*Surcharge on corporate taxes increased.
*Rural
housing to get Rs 6000 crore, urban housing Rs 2000 crore
-To present draft bill on GST in the next few months
- Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh
- Air Conditioned restaurants serving liquor to be under the ambit of service tax
- Customs duty on imported cars hiked from 75% to 100%
- No tax slab change means benefit restricted to lowest slab and not shared by those in the higher income slabs
- Commodity transaction tax introduced (CTT) at 0.1%
-Raising of DDT from 5% to 10 % will be taken negatively by the market.
- fiscal deficit marginally lower than Economic Survey deficit figure of 5.3%, but enough to stop market decline for time being
- will follow global policy on determining if investment is FII or FDI: less than 10% by one entity, it will be FII, more will be FDI
- will set up India's first women's bank as a public sector bank
- Natural Gas Pricing Policy to be reviewed; Natural Gas and Shale Gas pricing policy to benefit ONGC, Reliance
- 17% hike in allocation to education
- Widows, single women, vulnerable women allocated additional sum of Rs 200 crore to begin work
-Global growth slowed to 3.2% vs 3.9% yoy
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