Re: [AI] highlights of Budget 2012
No change. - Original Message - From: "p. raju" To: Sent: Saturday, March 17, 2012 3:35 PM Subject: Re: [AI] highlights of Budget 2012 is there any increase in the exsumption of income tax to the pwd On 16/03/2012, sweety.bhalla wrote: > Following are the highlights of Budget 2012: > > · GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13 > > Union Budget 2012: Highlights > > · Amendment to the FRBM Act proposed as part of Finance Bill. New concepts > of "Effective Revenue Deficit" and "Medium Term Expenditure Framework" > introduced > > > · Central subsidies to be kept under 2 per cent of GDP; to be further > brought down to 1.75 per cent of GDP over the next 3 years. > > · Proposed: Mobile based fertilizer management system; LPG transparency > portal; scaling up and rolling out of Aadhar enabled payment for > government > schemes > in at least 50 districts. > > · Rs. 30,000 crore to be raised through disinvestment > > · Efforts to reach broadbased consensus on FDI in multi-brand retail > > · Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to > retail > investors on investing in equities > > · Rs. 15,888 crore to be provided for capitalization of public sector > banks > and financial institutions > > · A central "Know Your Customer" depository to be developed > > · Swabhimaan: remaining habitations to be covered; to be extended to more > habitations; ultra small branches to be set up in Swabhimaan habitations > > · Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000 crore; > half of this is expected from private sector > > · Tax Free Bonds of Rs. 60,000 crore to be allowed for financial > infrastructure projects > > · Allocation of Road Transport and Highways Ministry enhanced by 14 per > cent > to Rs. 25,360 crore > > · Financial package of Rs. 3,884 crore for waiver of > loans > to handloom weavers and their cooperative societies; mega handloom > clusters > in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and > Jharkhand > ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for > geo-textiles in North-Eastern region > > · Rs. 5,000 crore India Opportunities Venture Fund to help small > enterprises > > · Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI > gets > Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. > 500 > crore for coastal aquaculture > > · Various other agricultural activities merged into 5 missions > > · Target for agricultural credit raised to Rs. 5,75,000 crore > > · Interest subvention for short-term crop loans to farmers at 7 per cent > interest continues; additional 3 per cent for prompt paying farmers > > · Rs. 200 crore for awards to incentivise agricultural research > > · Provisions under rural housing fund increased to Rs. 4,000 crore from > Rs. > 3,000 crore > > · Interest subvention of 1 percent on housing loans uptoRs. 15 lakh > extended > for one more year > > · AIBP allocation raised by 13 per cent to Rs. 14,242 crore > > · National Mission on Food Processing to be started in cooperation with > State Governments > > · Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. > 37,113 > crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore > > · Multi-sectoralprogramme to address maternal and child malnutrition in > 200 > high burden districts > > · 58 per cent rise in allocation to ICDS, at Rs. 15,850 crore > > · Rural drinking water and sanitation gets 27 per cent rise in allocation > to > Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore > > · Projects covering length of 8800 km to be awarded under NHDP against > 7,300 > km during 2011-12 > > · RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per > cent; 6000 schools to be set up at block level as model schools in the > 12th > Plan; > Credit Guarantee Fund to be set up for better flow of credit to students > > · National Urban Health Mission is being launched > > · 34 per cent increase in allocation to National Rural Livelihood Mission, > to Rs. 3915 crore > > · Rs. 1000 crore allocated for National Skill Development Fund > > · Bharat Livelihood Foundation to be established to support livelihood > interventions particularly in tribal areas > > · Widow pension and disability pension raised from Rs. 200 to Rs. 300 per > month > > · Grant on death of primary breadwinner of a BPL family in the age group > 18-64 years doubled to Rs. 20,000 > > · Defence services get Rs. 193407 crore; any further requirement to be m
Re: [AI] highlights of Budget 2012
is there any increase in the exsumption of income tax to the pwd On 16/03/2012, sweety.bhalla wrote: > Following are the highlights of Budget 2012: > > · GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13 > > Union Budget 2012: Highlights > > · Amendment to the FRBM Act proposed as part of Finance Bill. New concepts > of "Effective Revenue Deficit" and "Medium Term Expenditure Framework" > introduced > > > · Central subsidies to be kept under 2 per cent of GDP; to be further > brought down to 1.75 per cent of GDP over the next 3 years. > > · Proposed: Mobile based fertilizer management system; LPG transparency > portal; scaling up and rolling out of Aadhar enabled payment for government > schemes > in at least 50 districts. > > · Rs. 30,000 crore to be raised through disinvestment > > · Efforts to reach broadbased consensus on FDI in multi-brand retail > > · Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail > investors on investing in equities > > · Rs. 15,888 crore to be provided for capitalization of public sector banks > and financial institutions > > · A central "Know Your Customer" depository to be developed > > · Swabhimaan: remaining habitations to be covered; to be extended to more > habitations; ultra small branches to be set up in Swabhimaan habitations > > · Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000 crore; > half of this is expected from private sector > > · Tax Free Bonds of Rs. 60,000 crore to be allowed for financial > infrastructure projects > > · Allocation of Road Transport and Highways Ministry enhanced by 14 per cent > to Rs. 25,360 crore > > · Financial package of Rs. 3,884 crore for waiver of > loans > to handloom weavers and their cooperative societies; mega handloom clusters > in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and > Jharkhand > ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for > geo-textiles in North-Eastern region > > · Rs. 5,000 crore India Opportunities Venture Fund to help small enterprises > > · Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI gets > Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. > 500 > crore for coastal aquaculture > > · Various other agricultural activities merged into 5 missions > > · Target for agricultural credit raised to Rs. 5,75,000 crore > > · Interest subvention for short-term crop loans to farmers at 7 per cent > interest continues; additional 3 per cent for prompt paying farmers > > · Rs. 200 crore for awards to incentivise agricultural research > > · Provisions under rural housing fund increased to Rs. 4,000 crore from Rs. > 3,000 crore > > · Interest subvention of 1 percent on housing loans uptoRs. 15 lakh extended > for one more year > > · AIBP allocation raised by 13 per cent to Rs. 14,242 crore > > · National Mission on Food Processing to be started in cooperation with > State Governments > > · Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. 37,113 > crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore > > · Multi-sectoralprogramme to address maternal and child malnutrition in 200 > high burden districts > > · 58 per cent rise in allocation to ICDS, at Rs. 15,850 crore > > · Rural drinking water and sanitation gets 27 per cent rise in allocation to > Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore > > · Projects covering length of 8800 km to be awarded under NHDP against 7,300 > km during 2011-12 > > · RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per > cent; 6000 schools to be set up at block level as model schools in the 12th > Plan; > Credit Guarantee Fund to be set up for better flow of credit to students > > · National Urban Health Mission is being launched > > · 34 per cent increase in allocation to National Rural Livelihood Mission, > to Rs. 3915 crore > > · Rs. 1000 crore allocated for National Skill Development Fund > > · Bharat Livelihood Foundation to be established to support livelihood > interventions particularly in tribal areas > > · Widow pension and disability pension raised from Rs. 200 to Rs. 300 per > month > > · Grant on death of primary breadwinner of a BPL family in the age group > 18-64 years doubled to Rs. 20,000 > > · Defence services get Rs. 193407 crore; any further requirement to be met > > · 4000 residential quarters to be constructed for Central Armed Police > Forces > > · UID-Aadhar to get adequate funds for enrolment of 40 crore persons, in > addition to the 20 crore persons already enrolled > > · White Paper on Black Money to be laid in the current session of Parliament > > · Tax proposals mark progress in the direction of movement towards DTC and > GST > > · Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper > limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh > > · Interest from savings bank accounts deductible upto Rs.10,000; deduction > of up
[AI] highlights of Budget 2012
Following are the highlights of Budget 2012: · GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13 Union Budget 2012: Highlights · Amendment to the FRBM Act proposed as part of Finance Bill. New concepts of "Effective Revenue Deficit" and "Medium Term Expenditure Framework" introduced · Central subsidies to be kept under 2 per cent of GDP; to be further brought down to 1.75 per cent of GDP over the next 3 years. · Proposed: Mobile based fertilizer management system; LPG transparency portal; scaling up and rolling out of Aadhar enabled payment for government schemes in at least 50 districts. · Rs. 30,000 crore to be raised through disinvestment · Efforts to reach broadbased consensus on FDI in multi-brand retail · Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail investors on investing in equities · Rs. 15,888 crore to be provided for capitalization of public sector banks and financial institutions · A central "Know Your Customer" depository to be developed · Swabhimaan: remaining habitations to be covered; to be extended to more habitations; ultra small branches to be set up in Swabhimaan habitations · Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000 crore; half of this is expected from private sector · Tax Free Bonds of Rs. 60,000 crore to be allowed for financial infrastructure projects · Allocation of Road Transport and Highways Ministry enhanced by 14 per cent to Rs. 25,360 crore · Financial package of Rs. 3,884 crore for waiver of loans to handloom weavers and their cooperative societies; mega handloom clusters in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and Jharkhand ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for geo-textiles in North-Eastern region · Rs. 5,000 crore India Opportunities Venture Fund to help small enterprises · Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI gets Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. 500 crore for coastal aquaculture · Various other agricultural activities merged into 5 missions · Target for agricultural credit raised to Rs. 5,75,000 crore · Interest subvention for short-term crop loans to farmers at 7 per cent interest continues; additional 3 per cent for prompt paying farmers · Rs. 200 crore for awards to incentivise agricultural research · Provisions under rural housing fund increased to Rs. 4,000 crore from Rs. 3,000 crore · Interest subvention of 1 percent on housing loans uptoRs. 15 lakh extended for one more year · AIBP allocation raised by 13 per cent to Rs. 14,242 crore · National Mission on Food Processing to be started in cooperation with State Governments · Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. 37,113 crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore · Multi-sectoralprogramme to address maternal and child malnutrition in 200 high burden districts · 58 per cent rise in allocation to ICDS, at Rs. 15,850 crore · Rural drinking water and sanitation gets 27 per cent rise in allocation to Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore · Projects covering length of 8800 km to be awarded under NHDP against 7,300 km during 2011-12 · RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per cent; 6000 schools to be set up at block level as model schools in the 12th Plan; Credit Guarantee Fund to be set up for better flow of credit to students · National Urban Health Mission is being launched · 34 per cent increase in allocation to National Rural Livelihood Mission, to Rs. 3915 crore · Rs. 1000 crore allocated for National Skill Development Fund · Bharat Livelihood Foundation to be established to support livelihood interventions particularly in tribal areas · Widow pension and disability pension raised from Rs. 200 to Rs. 300 per month · Grant on death of primary breadwinner of a BPL family in the age group 18-64 years doubled to Rs. 20,000 · Defence services get Rs. 193407 crore; any further requirement to be met · 4000 residential quarters to be constructed for Central Armed Police Forces · UID-Aadhar to get adequate funds for enrolment of 40 crore persons, in addition to the 20 crore persons already enrolled · White Paper on Black Money to be laid in the current session of Parliament · Tax proposals mark progress in the direction of movement towards DTC and GST · Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh · Interest from savings bank accounts deductible upto Rs.10,000; deduction of upto Rs.5,000 for preventive health check-up · Senior citizens without business income exempt from advance tax · Investment linked deduction of capital expenditure enhanced for certain businesses; new sectors eligible for investment linked deduction