: FM: Women belonging to the most vulnerable groups should be able to live with dignity

Schemes for tribal, youth and women Current account deficit continues to be high due to excessive dependence on oil, coal and gold imports and slowdown in exports, says the finance minister. To Allocate 110 cr to the Department of Disability Affairs FM: Health for all and education for all remain our priorities Global economic growth declined from 3.9% to 3.2%; India not affected

Our economy has slowed down after 2010 Over 65,000 crore to be allocated to the HRD ministry for education. Expenditure target of Rs 16,65,297 crore in 2013-14. Plan expenditure is at Rs 5,55,320 crore up 29 per cent.
The finance minister says that his focus would be on balancing economic policy and econmic welfare. -Wonder how he will manage that.

Budget 2013: FY 14 Total expenditure at Rs 16.65 lakh crores Budget 2013. Rs 37,000 crore allocated for healthcare Increased allocation for the mid-day meal scheme
Thousands of scholarship for students belonging to the SC/ST category
My Budget's overarching goal -- to create opportunities for our youth, says Chidambaram.

Plan expenditure seen at Rs 5.53 lakh crore.

FY14 plan expenditure to be 30% higher.

FY14 expenditure seen at Rs 16.65 lakh crore.

The new Budget proposes to expand medicare facilities for women, differently abled. FY14 expenditure seen at Rs 16.65 lakh crore.

Ministry of Rural Development to get 80,195 crore in FY 13-14, an increase of 46%.

Single women and widows must be able to live with dignity; WCD has been asked to design schemes, the finance minister announces.
Budget 2013: To allocate Rs 1106 crore for alternative medicine industry.

States which have completed PMGSY, will get funds for PMGSY 2. Other states will continue with PMGSY. This declaration causes uproar in parliament.
Increased allocation for all social schemes

MNREGS toget Rs 33,000 crores

Faced with huge fiscal deficit, I have no choice but to rationalise expenditure: FM.

We have brought down headline WPI inflation to 7 per cent and core inflation to 4.2 per cent. Food inflation is worrying: FM.
Plan expenditure in 12th Five-Year Plan revised to Rs 14,30,825 crore or 96 per cent of budgeted expenditure

Budget expenditure is Rs 16,65,297 crore and Plan expenditure Rs 5,55, 322 crore: FM. The revised expenditure target is Rs 14,30,825 crore or 96 per cent of Budget estimate for this fiscal. In 2013-14, the budget estimate is Rs 16,65,297 crore. One overarching goal to provide education and skills to youth for securing jobs in the 2013-14, says FM.

FM allocates Rs 41,561 crore for SC sub-plan; Rs 24,598 crore for tribal sub plan.
Eastern Indian states to get 1,000 crore for agriculture. Bringing the green revolution to east India was an enormous success. will continue to support the green revolution in the east with an allocation of Rs 1000 crore Green Revolution states to get 500 crore towards crop diversification. Additional sum of Rs 200 crore to Women and Child Welfare Ministry to address issues of vulnerable women.

Rs 3,511 crore allocated to Minority Affairs Ministry which is 60 per cent of the revised estimates.
4% farm loan scheme extended to private banks. Drinking water, sanitation key

Rs 41000 crore for scheduled caste Rs 110 crore to be allocated to the department of disability affairs, says FM. Rs 1,069 crore allocated to Department of Aryush: FM.
Interest Rate subvention scheme extended

Rs 4,727 crore to be allocated for medical education and research. Rs 1,069 crore to be given to Department of Ayush. Rs. 65,867 crore allocated to Ministry of HRD in 2013-14: FM.
Medical colleges in six more AIIMS-like institutions to start functioning this year; Rs 1650 crore allocated for the purpose. Rs 4727 crore to be allocated for medical education and research

10,000 crore set aside for incremental costs with regards to food security bill
Rs 13,215 crore to be provided for mid-day meal scheme.

Rs 5,284 crore to various Ministries for scholarships for SC/ST, OBC and minority students.
Rs 28500 cror for tribal women We have brought down headline WPI inflation to 7 per cent and core inflation to 4.2 per cent. Food inflation is worrying: FM

Bank stocks crack. Bank Nifty down 10 points. infrastructure debt fund to be encouraged The stock markets are reacting to the FM's Budget speech: they seem to be dismayed and have begin to give up their gains. Select institutions to be allowed issue tax free bonds to raise 50,000 crore to fund infrastructure projects. Rs 10,000 crore for food security bill proposed by UPA
Rs 25,00 crore to be raised through tax free bonds India's 2013/14 plan expenditure seen at Rs 5.55 trillion Indian 3,000 km of road projects will be awarded in the first six months of 2013

IIFCL to partner with Asian Development Bank to give credit to infrastructure projects. Rs 5000 crore for construction of warehouses Investments in industrial sector a challenge Some infrastructure companies to be allowed to float tax free bonds

Revised estimate for total expenditure is Rs 14.3 trillion in 2012/13, which is 96 per cent of budget estimate Rs 17,700 crore provided for Integrated Child Development Scheme. Rs 17,700 crore to be allocated for Integrated Child Development Scheme (ICDS): FM. Rs 80,194 crore allocation for Ministry of Rural Development in 2013-14. About Rs 33,000 crore for MGNREGA, says FM.
Investment of 100 crore in plant and machinery will get a 15% deduction on the investment. This scheme will be up till 2015.

Rs 80,194 crore allocated for rural development schemes.

States which have completed Pradhan Mantri Gramin Sadak Yojana will be eligible for PMGSY-II, others will continue with PMGSY-I.

Rs 14,873 crore for JNNURM for urban transportation in 2013-14 against Rs 7,880 crore in the current fiscal, says FM. Foodgrain production in 2012-13 will be over 250 million tons: FM.
Person taking a loan for his first home upto Rs 25 lakh will get Rs1 lakh additional exemption Rs 97,000 crore for women's development
To attract new investment, the finance minister has proposed an investment allowance of 15 percent for companies over and above the existing depreciation rates.

Medical colleges in six more AIIMS-like institutions to start functioning this year; Rs 1650 crore allocated for the purpose.

Average annual growth rate of agriculture and allied services estimated at 3.6 per cent in 201213 when 250 MT foodgrains was produced: FM.
Rs 25,000 cr to be raised through tax free bonds

Oil and Gas Exploration Policy might move from profit sharing to revenue sharing.

Rs 500 crore allocated for programme on crop diversification. Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production. Rs 7 lakh crore target fixed for agri credit for 2013-14 compared to Rs 5.75 lakh crore in the current year.
The benefits given to MSME units will continue for 3 years after they grow out of that sector. Green revolution in east India significant. Rice output increased in Assam, Odisha, Jharkhand and West Bengal; Rs 1,000 crore allocated for eastern states. Rs 5,387 crore to be allocated for integrated watershed programme for farmers in 2013-14, an increase from Rs 3,050 crore in the current fiscal. Government allocates Rs 802 billion to rural development plan expenses up 30%

Microfinance institutes get an additional 100 crore.

SIDBI refinance fund doubled to 10,000 crore. Will need $75 billion to finance current account deficit

Rajiv Gandhi ESS to be liberalised. Income limit for eligibility raised from Rs 10 lakh to Rs 12 lakh.

11:54

Market Live: Necessary approvals to be obtained by October 2013 for women only public sector bank Yahoo! Budget Live:

11:54

11:54

India's first women's bank as a public sector bank Yahoo! Budget Live: FM proposes to set up India's first public sector Women's Bank.

11:54 Yahoo! Budget Live: INDIAS FIRST WOMEN'S BANK AS A PUBLIC SECTOR BANS WITH RS 1000 CR INVESTMENT 11:53 Market Live: India's first women's bank to be set up 11:53 Yahoo! Budget Live: States which have completed Pradhan Mantri Gramin Sadak Yojana will be eligible for PMGSY-II, others will continue with PMGSY-I. 11:53 Market Live: PSBs to get 14,000 crore as capital infusion to meet capital adequecy laid down by Basel 3. 11:53 Yahoo! Budget Live:
Chidambaram presents national budget, says no need for gloom

11:53 Yahoo! Budget Live: Rs 14,873 crore for JNNURM for urban transportation in 2013-14 against Rs 7,880 crore in the current fiscal, says FM. 11:53 Yahoo! Budget Live:
Seven new cities identified along Delhi-Mumbai Industrial Corridor

11:52

Yahoo! Budget Live: Rajiv Gandhi Equity Scheme to be liberalised Yahoo! Budget Live: Indian Institute of Biotechnology will be set up at Ranchi Yahoo! Budget Live:
Global slowdown has hurt Indian economy: FM

11:51 11:51

11:50 Yahoo! Budget Live: Rs 10,000 crore set aside for incremental cost for National Food Security Bill over and above food subsidy. 11:50 Yahoo! Budget Live: Four Infrastructure debt fund have been registered: FM. 11:50 Yahoo! Budget Live: Rs 5,000 crore will be made available to NABARD to finance construction of godowns and warehouses: FM.

11:49 Yahoo! Budget Live: 17% hike for education 11:49 Market Live: Allocation of 2,400 crore towards Textile Technology Upgradation. 11:49 Yahoo! Budget Live: Indian Institute of Biotechnology to be set up in Ranchi Rs 10,000 crore set aside for incremental cost for National Food Security Bill over and above food subsidy. 11:54 Yahoo! Budget Live: Fund for urban housing 11:54 Market Live: 6,000 crore for rural housing fund

Two new ports in Bengal and Andhra Pradesh Government has decided to constitute a regulatory authority for the road sector: FM. All towns having a popultion of 10,000 of below will have an LIC branch.

Banks to be allowed to be allowed to sell insurance

Women's public sector banks to be set up by october 2013 Rajiv Gandhi Equity Scheme will be liberalised to allow first time investor to invest in Mutal Fund and equity. To provide appropriate incentives for semiconductors industry including zero customs duty on plants and machineries. Banks now acts as insurance brokers Road developers such as IRB Infrastructure rose after Chidambaram proposed higher budget allocations towards building roads.

Many manufacturing projects stalled due to regulatory process: FM.

State governments urged to sign restructuring plans with electricity discoms

6% percent duty on phones that cost above Rs 2000 DTC Bill to be introduced in this parliament session Service tax to include two services in the negative list

To encourage Service tax payments. FM introduces scheme that allows defaulters since 2007 to pay the amount. No interest or fine would be charged. Cigarettes, cigars to be costlier. Vocational courses and testing activites in relation to agriculture to be exempt of service tax. SED on cigarettes hiked by 18%. 4% excise duty increase on silver TDS at 1 per cent on properties being sold for more than Rs 50 lakh. Duty free limit raised to Rs 50,000 in case of a male passenger and Rs 1 lakh in case of a woman passenger To allocate Rs 1,000 crore to Nirbhaya Fund for safety, empowering women. SIDBI's re-financing facility to MSMEs to be doubled to Rs 10,000 crore, says FM.