Dear all,
Welcome.
Welcome.
The Finance Minister had presented UPA2 & his eight budget. He told that he would keep it short & concise & used preachings of Vivekananda & Tiruvalluvar stating that if right decisions are taken, India may come in top five big countries.
There are many challenges & continual development is to be ensured. Stressing upon catering of all factions of society, he stated that SC/ST/Minorities are left-behind & development has to encompass women folks.
He told that the growth rate of 8% should be target & it had been assumed to be around 5% during the fiscal 2012-13. Discussing upon World Economy, he stated that during 2012, the growth rate was 3.9% as compared to 3.2% of the world growth. During next five year plan, eight percent growth rate is targeted & there is no reason for dismay. Only China & Indonesia had comparably higher growth rate than India. In the next year, it is presumed that China would have higher growth rate as compared to India. An integrated & continuous development necessitates higher growth rate.
The Minister told that dependence on oil, huge coal imports, like for gold & decline in exports are making current account deficit more. It would require 7500 crore US dollars. There are three solutions to this FDI, FII & ECB. Hence, FDI is compulsory. The inflation seems to be a big hurdle for some external reasons.
Stressing upon Education, he told that Health & Family welfare ministry would be allocated 37,330 crores INR out of which 21,239 crores INR would be for New National mission. Health Education, training & research would be granted 4,727 crores.
The budgetary address included Women, SC/ST/Minorities classes to be taken care of in regard to their development. He told poor, youth & women's to be the real face of India. The High Current account deficit is serious & could be tackled through Foreign Direct Investment. Inflation has to be fought on all fronts. It had fallen down to 7% & core inflation had gone down to 4.2%. The govt. is worried over it but due to increased demand, supply would be met with all steps. The Budget estimate for 2013-14 would have planned expenditure of 16,65,297 crores & non-planned expenditure of 5,55,322 crores INR. It would have 97,134 crores INR for womens & 77,236 crores for childrens.
The FM stated that govt. is talking of promises with women, youth & poors. The Security & respect of women is collective responsibility. A 1,000 crore INR fund with govt. aid would be made for it as proposed. For India's poor people cause, direct profit transfer plan is started. The govt. believes that real money is what is being in use. The Banks would be granted 14,000 crores INR for capital making during the fiscal year 2013-14. Prior to March 2013, thirteen banks would be given 12,517 crores to meet standards. The rural housing would be granted 6,000 crores INR. villages with population above ten thousand would have LIC office. The Public sector Banks would have ATM facility by March 31, 2014. A permanent council of specialists would be made. FM stated that SBY would be applicable to rickshaw pullers, autotaxi drivers & cleaning staff. SEBI would have amendments for making stricter regulations. He told that tonnes of waste is generated every day & Municipal bodies would be encouraged to make electricity out of it. The Hydroelectric projects would have innovation based encouragement with allocation of 800 crores INR.
FM stated that for Defence, Capital expenditure of 86,741 INR would be increased to 2,033,672 crores INR. All Sports also require govt. aid for which a National Sports Training Institute would be made at Patiala with 250 crores fund. The Postal network would be modernised with 4,909 crores INR. The Rajiv Gandhi Panchayat's empowerment campaign would be allocated fund of 50 crores & The Panchayat raj ministry had been allocated 455 crores INR. Besides, 200 crores INR shall be granted. 839 new FM channels would be auctioned. It would be spread in 294 additional cities.
He told that the growth rate of 8% should be target & it had been assumed to be around 5% during the fiscal 2012-13. Discussing upon World Economy, he stated that during 2012, the growth rate was 3.9% as compared to 3.2% of the world growth. During next five year plan, eight percent growth rate is targeted & there is no reason for dismay. Only China & Indonesia had comparably higher growth rate than India. In the next year, it is presumed that China would have higher growth rate as compared to India. An integrated & continuous development necessitates higher growth rate.
The Minister told that dependence on oil, huge coal imports, like for gold & decline in exports are making current account deficit more. It would require 7500 crore US dollars. There are three solutions to this FDI, FII & ECB. Hence, FDI is compulsory. The inflation seems to be a big hurdle for some external reasons.
Stressing upon Education, he told that Health & Family welfare ministry would be allocated 37,330 crores INR out of which 21,239 crores INR would be for New National mission. Health Education, training & research would be granted 4,727 crores.
The budgetary address included Women, SC/ST/Minorities classes to be taken care of in regard to their development. He told poor, youth & women's to be the real face of India. The High Current account deficit is serious & could be tackled through Foreign Direct Investment. Inflation has to be fought on all fronts. It had fallen down to 7% & core inflation had gone down to 4.2%. The govt. is worried over it but due to increased demand, supply would be met with all steps. The Budget estimate for 2013-14 would have planned expenditure of 16,65,297 crores & non-planned expenditure of 5,55,322 crores INR. It would have 97,134 crores INR for womens & 77,236 crores for childrens.
The FM stated that govt. is talking of promises with women, youth & poors. The Security & respect of women is collective responsibility. A 1,000 crore INR fund with govt. aid would be made for it as proposed. For India's poor people cause, direct profit transfer plan is started. The govt. believes that real money is what is being in use. The Banks would be granted 14,000 crores INR for capital making during the fiscal year 2013-14. Prior to March 2013, thirteen banks would be given 12,517 crores to meet standards. The rural housing would be granted 6,000 crores INR. villages with population above ten thousand would have LIC office. The Public sector Banks would have ATM facility by March 31, 2014. A permanent council of specialists would be made. FM stated that SBY would be applicable to rickshaw pullers, autotaxi drivers & cleaning staff. SEBI would have amendments for making stricter regulations. He told that tonnes of waste is generated every day & Municipal bodies would be encouraged to make electricity out of it. The Hydroelectric projects would have innovation based encouragement with allocation of 800 crores INR.
FM stated that for Defence, Capital expenditure of 86,741 INR would be increased to 2,033,672 crores INR. All Sports also require govt. aid for which a National Sports Training Institute would be made at Patiala with 250 crores fund. The Postal network would be modernised with 4,909 crores INR. The Rajiv Gandhi Panchayat's empowerment campaign would be allocated fund of 50 crores & The Panchayat raj ministry had been allocated 455 crores INR. Besides, 200 crores INR shall be granted. 839 new FM channels would be auctioned. It would be spread in 294 additional cities.
Speaking on Food Security Bill, he declared additional 10,000 crores. In 2012-13 food production could be more than 1 million ton. The Agriculture ministry would be allocated 27,049 crores INR with loan proposal of 7 lakh crores INR. The loan paying farmers would be given loans at 4% interest rate. North Eastern States would be allocated 1,000 crores INR. Farmers would be encouraged for which a fund of 500 crores with National Agricultural development plan of 9,954 crores & 2,250 crores for National Food Guarantee Mission would be allocated. The Agricultural produce co. & organisations would be aided with maximum of 10 lakhs of equivalent equity. The Rural development ministry would be allocated 80,194 crores INR during the year 2013-14. MNREGA would be allocated 33,000 crores INR & PMGSY would be granted 21,700 crores INR with Indira Awas Yojana being granted 15,184 crores INR.
Likewise, the Drinking water & Hygiene ministry would be allocated 15,260 crores INR with 1400 crores INR plan for water purification purpose. Ayurveda, Unani & Siddha & Homeopathy medicine would be encouraged by Ayush dept. with 1069 crores INR fund. AIIMS type six new hospitals would be made. RTE would be implemented heavily. The Sarv shiksha mission would be granted 27,258 crores with National Madhyamik Shiksha Mission grant of 3,983 crores INR. SC/ST/OBC/Minorities students would be granted scholarships of 5,284 crores INR. Mid day meal programme would be granted 13,215 crores INR. Nalanda University would be developed as Centre of excellence. The Chid development plan would be allocated 17,700 crores INR. The Scheduled Castes sub-plans would have 41,561 crores & Scheduled Tribes would have sub-plans of 24,598 crores INR. The minorities would have allocation of 3,511 crores INR.
The National Cities Renewal Mission would be granted 14,000 Buses during next financial year worth 14,873 crores INR. A surcharge of 10% would be put on income tax payers with more than 1 crore INR annual income. Also, the domestic companies with more than 10 crores annual income would have surcharge of 5%. The Corporation tax on foreign companies would have surcharge of 5% from existing 2%. The Housing loans with 25 lakhs INR would have tax rebates. The transaction on properties with more than 50 lakhs would attract 1% TDS. The Excise & Service taxes had not been changed. More than 2,000 INR worth mobile phones would have production tax. The Set top boxes would have tax increase from 5% to 15%. The product tax on Cigarette & cigar would be increased along with costly mobiles & SUVs. The luxurious imported items would have custom tax increase on motor vehicles. The Ecological compliant vehicles would have tax rebates. The air planes manufacturing, repair & renovation would have relief as proposed. The Leh Kargil transmission lines would have allocation of 226 crores INR. The textile technology upgradation would have budget of 2400 crores INR.
To conclude, the Finance Minister stated that India is tenth biggest economy with our standing possibly going on 7th or 8th position. By 2025, it could be 500 crore dollars economy. It would then be 5th biggest economy. The budget is in accordance with the better future.
With regards,
Likewise, the Drinking water & Hygiene ministry would be allocated 15,260 crores INR with 1400 crores INR plan for water purification purpose. Ayurveda, Unani & Siddha & Homeopathy medicine would be encouraged by Ayush dept. with 1069 crores INR fund. AIIMS type six new hospitals would be made. RTE would be implemented heavily. The Sarv shiksha mission would be granted 27,258 crores with National Madhyamik Shiksha Mission grant of 3,983 crores INR. SC/ST/OBC/Minorities students would be granted scholarships of 5,284 crores INR. Mid day meal programme would be granted 13,215 crores INR. Nalanda University would be developed as Centre of excellence. The Chid development plan would be allocated 17,700 crores INR. The Scheduled Castes sub-plans would have 41,561 crores & Scheduled Tribes would have sub-plans of 24,598 crores INR. The minorities would have allocation of 3,511 crores INR.
The National Cities Renewal Mission would be granted 14,000 Buses during next financial year worth 14,873 crores INR. A surcharge of 10% would be put on income tax payers with more than 1 crore INR annual income. Also, the domestic companies with more than 10 crores annual income would have surcharge of 5%. The Corporation tax on foreign companies would have surcharge of 5% from existing 2%. The Housing loans with 25 lakhs INR would have tax rebates. The transaction on properties with more than 50 lakhs would attract 1% TDS. The Excise & Service taxes had not been changed. More than 2,000 INR worth mobile phones would have production tax. The Set top boxes would have tax increase from 5% to 15%. The product tax on Cigarette & cigar would be increased along with costly mobiles & SUVs. The luxurious imported items would have custom tax increase on motor vehicles. The Ecological compliant vehicles would have tax rebates. The air planes manufacturing, repair & renovation would have relief as proposed. The Leh Kargil transmission lines would have allocation of 226 crores INR. The textile technology upgradation would have budget of 2400 crores INR.
To conclude, the Finance Minister stated that India is tenth biggest economy with our standing possibly going on 7th or 8th position. By 2025, it could be 500 crore dollars economy. It would then be 5th biggest economy. The budget is in accordance with the better future.
With regards,
M.K.Pachraiya
Original_app_mssg(1) ISRO
Indian Satellite Research Organisation (ISRO) had started it's reverse counting for launch of it's Satellite "Saral", which would be carried through PSLV-C20 via. Satish Dhawan Space Centre. It would be launched at 17:56 hrs local time from Sriharikota Launch pad. Saral would also have six other satellites amounting seven in total.
It is to note that it is twenty-third mission of PSLV. ISRO is using "Core alone" variant for ninth consecutive time. Saral would provide data relating to sea climate, forecast, climate change, etc. It is made in collaboration with France. It weighs 410 kgs & has two payloads of France's CENS named Agris & Altica. The PSLV C20 would also launch Unibright, Bright(Austria), Ouset3(Denmark), STRAND(British), Sapphire& Neossat(Canada).
It is to note that Core alone variant has 668.5 kgs weight & would carry 229.7 tonnes.
It is to note that it is twenty-third mission of PSLV. ISRO is using "Core alone" variant for ninth consecutive time. Saral would provide data relating to sea climate, forecast, climate change, etc. It is made in collaboration with France. It weighs 410 kgs & has two payloads of France's CENS named Agris & Altica. The PSLV C20 would also launch Unibright, Bright(Austria), Ouset3(Denmark), STRAND(British), Sapphire& Neossat(Canada).
It is to note that Core alone variant has 668.5 kgs weight & would carry 229.7 tonnes.
M.K.Pachraiya
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