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Wednesday, March 2, 2011

UNION BUDGET 2011 - 12 : HIGHLIGHTS

GROSS DOMESTIC PRODUCT ESTIMATES IN FY12 ARE  Rs. 71,57,000 LAKH CR AND AT 2004-05 PRICES 48,86,000 LAKH CR.
TOTAL SUBSIDES AT Rs. 1.43 LAKH CR.
FERTILIZER SUBSIDIES AT  Rs. 50,000 CR,
FOOD SUBSIDIES AT  Rs. 60,500 CR
OIL & PETROL SUBSIDIES AT  Rs. 23,600 CR.
FISCAL DEFICIT AT Rs. 4,12,817 CR.
MARKET LOANS = Rs. 3,43,000 CR
STATE PF = Rs. 10,000 CR.
EXTERNAL AID = Rs.14,500 CR.
LESS OTHERS = Rs. 13,866 CR.
THE CENTER'S EXPENDITURE 2011 - 12 IS PROJECTED AT Rs. 12,57,729 Cr.





IN FLOW (Rs. in Cr)
TAX RECEIPTS6,64,457
CORPORATE TAX3,59,990
INCOME TAX1,72,026
CUSTOMS DUTY1,51,700
EXCISE DUTY1,64,116
SERVICE TAX82,000
TAX OF UNION TERRITORY1,973

NON TAX RECEIPTSAMOUNT
INTEREST RECEIPTS19,578
DIVIDENDS & PROFITS42,624
EXTERNAL GRANTS2,173
OTHER NON TAX RECEIPTS59,891
RECEIPTS OF UNION TERRITORY1,169
           TOTAL1,25,435

NON DEBT CAPITAL RECEIPTS55,020
RECOVERY OF LOANS & ADVANCES15,020
MISC. CAPITAL RECEIPTS40,000


* Out of the Tax Receipts the Centre has to keep aside States share of Rs. 2,63,458 cr & for Calamity & Contingency Fund of Rs. 4,525 crs.

OUT FLOW (Rs. in Cr)
PLAN EXPENDITURE4,41,547
NON PLAN EXPENDITURE8,16,182
OR
REVENUE EXPENDITURE10,97,162
CAPITAL EXPENDITURE1,60,567
DEFENCE1,64,415
SUBSIDIES1,43,570
GRANTS TO STATES & UTs66,311
PENSIONS54,521
INTEREST PAYMENTS2,67,986
LOANS TO PSUs496
OTHER GENERAL SERVICES19,105
LESS OTHERS368
CENTRAL PLAN3,35,521
POSTAL DEFICIT5,018
EXPENSES of UTs with out Legislature3,592
NON PLAN CAPITAL OUTLAY13,212
ECONOMIC SERVICES25,391
GRANTS TO FOREIGN GOVT.2,301
CENTRAL PLAN AID TO STATES1,06,026
SOCIAL SERVICES20,862
POLICE SERVICE29,685

SOME MORE POINTS FROM BUDGET

à    PSU Banks to get Rs. 20157 cr in FY12.
à    Priority Home Loans up from Rs. 20 lakhs to Rs. 25 lakhs.
à    1 % Interest subvention on Home Loans of Rs. 15 lakhs.
à    FY12 disinvestment target Rs. 40,000 crs.
à    Equity Fund of Rs. 100 cr for Micro finance companies.
à    Farm GDP was 5.4 % in FY11 in GDP growth of 8.6 %.
à    To give 3 % Interest subsidy to farmers on early payment of loans.
à    To allow Foreign Direct Investments in Mutual Funds.
à    Cold Storage Chains will be given Infrastructure status.
à    Exemption of Rs. 20,000 on investment in Infra bonds continued for 1 more year.
à    Tax free bonds of Rs. 30,000 cr for Infrastructure sectors to be declared.
à    Rural infra bonds of Rs. 18,000 cr to be declared.
à    Social Schemes allocate Rs. 58,000 crs.
à    Education sector allocated Rs. 52,057 cr up by 24 % in FY12.
à    Corporate surcharge reduced from 7.5 % to 5 %.
à    Dividend from foreign subsidiary to Indian companies down from 30 % to 15 %.
à    Minimum Alternate Tax raised from 18 % to 18.5 % of Book profit.
à    Developer of SEZ & SEZ operators, LLPs brought under MAT.
à    Ship owners allowed duty free import on spare parts.
à    Custom duty on imports of Micro irrigation systems down from 7.4 % to 5 %.
à    10 % Excise duty on Branded garments
à    20 % Ad volerm export duty on Iron ore.
à    NO Excise duty on Ultra Mega Power Projects equipments.
à    Air Conditioner restaurants serving liquor, hotels charging Rs.1000/day will attract Service Tax.
à    Service Tax on Domestic Air tickets Rs. 50, & on international tickets Rs.250

3 comments :

  1. HI
    Nice info but please cut short your post....
    GOOD ONE KEEP IT UP

    ReplyDelete
  2. Thanks for the condensed info. Very useful handy info.


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    ReplyDelete
  3. HI SYAM
    Thanks for visiting my blog...
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    DO VISIT AGAIN...Just leave your email at montyuu@yahoo.com
    BHAVIKK SHAH
    www.bhavikkshah.blogspot.com

    ReplyDelete

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