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GENERAL BUDGET 2012-13:

BUDGET IDENTIFIES FIVE OBJECTIVES RELATING TO GROWTH, INVESTMENT, SUPPLY BOTTLENECKS,GOVERNANCE AND REMOVING MALNUTRITION.
 AMENDMENT TO FRBM ACT INTRODUCED AS PART OF FINANCE BIL.
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
Rs. 30,000 CRORE TO BE RAISED THROUGH DISINVESTMENT
EFFORTS TO REACH BROADBASED CONSENSUS ON FDI IN MULTI-BRAND RETAIL
INVESTMENT IN 12TH PLAN IN INFRASTRUCTURE TO GO UPTO RS. 50,00,000 CRORE; HALF OF THIS IS EXPECTED FROM PRIVATE SECTOR
TARGET FOR AGRICULTURAL CREDIT RAISED TO RS. 5,75,000 CRORE
NATIONAL URBAN HEALTH MISSION IS BEING LAUNCHED
UID-AADHAR TO GET ADEQUATE FUNDS FOR ENROLMENT OF 40 CRORE PERSONS
A NUMBER OF MEASURES PROPOSED TO DETER GENERATION AND USE OF UNACCOUNTED MONEY
WHITE PAPER ON BLACK MONEY TO BE LAID IN 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
GENERAL ANTI AVOIDANCE RULE BEING INTRODUCED TO COUNTER AGGRESSIVE TAX AVOIDANCE
STANDARD RATE OF EXCISE DUTY RAISED FROM 10 PER CENT TO 12 PER CENT; SERVICE TAX RATES RAISED FROM 10 PER CENT TO 12 PER CENT; NO CHANGE IN PEAK CUSTOMS DUTY OF 10 PER CENT ON NON-AGRICULTURAL GOODS
FISCAL DEFICIT TARGETED AT 5.1 PER CENT OF GDP, AS AGAINST 5.9 PER CENT IN REVISED ESTIMATES FOR 2011-12
CENTRAL GOVERNMENT DEBT AT 45.5 PER CENT OF GDP AS COMPARED TO THIRTEENTH FINANCE COMMISSION TARGET OF 50.5 PER CENT

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