Highlights of Union Budget for 2013-14

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P Chidambaram
New Delhi, Feb 28: A special fund of Rs 1000 crore for setting up the 'Nirbhaya Fund' apart from an allocation of Rs 97,000 crore for women's development are the notable takeaways from the Union Budget for 2013-14 that was presented by Finance Minister P Chidambaram in the Parliament on Tuesday.

Here are the other highlights of the budget:

  • Capital infusion of Rs 12,570 crore in 13 public sector banks during 2012-13; another Rs 14,000 crore for capital infusion in 2013-14 to meet Basel-3 norms
  • First exclusive public sector bank for women to be opened by October; Rs 1,000 crore allocated as initial capital
  • All public sector bank branches to have ATMs
  • Act to strengthen SEBI in its silver jubilee year under consideration
  • Ambiguity between FDI and FII to be removed
  • Two new ports to be set up in West Bengal and Andhra Pradesh to add 100 million tonnes handling capacity
  • Gas handling terminal at Dabhol in Maharashtra to be fully operational during 2013-14
  • State governments urged to sign restructuring plans with electricity discoms
  • Tax-free infrastructure bonds of Rs 50,000 crore to be issued
  • Textile ministry allocated Rs 50 crore for establishing apparel parks
  • Handloom sector allocated Rs 96 crore to benefit 150,000 weavers
  • Infrastructure debt funds to be encouraged
  • Regulator to be appointed for road projects; 3,000 km of road projects to be awarded in first six months of 2013-14
  • Incentive allowance of 15 percent over and above permitted depreciation to those investing over Rs.100 crore in infrastructure projects
  • Seven new cities identified along Delhi-Mumbai Industrial Corridor
  • Preliminary work begun on Bangalore-Mumbai Industrial corridor
  • Foodgrain production during 2013-13 estimated at 250 million tonnes
  • Rs 500 crore allocated for promoting crop diversification
  • Rs 200 crore allocated for promoting nutrient-rich crops
  • Rs 50 crore allocated for farmer-producer organisations
  • National Livestock Mission to be launched with allocation of Rs 307 crore
  • Rs 10,000 crore allocated for initial expenditure on implementation
  • Human resource development ministry to get Rs 65,867 crore
  • Rs 13,250 crore allocated for midday meals scheme
  • Rs 17,700 crore allocated for Integrated Child Development Scheme
  • Drinking water and sanitation ministry allocated Rs 15,260 crore
  • Allocation of rural development ministry allocation raised by 46 percent to Rs 80,294 crore; Rs 33,000 crore for rural jobs scheme
  • Budget expenditure for 2013-14 at Rs 16 lakh 65,297 crore; plan expenditure at Rs 5 lakh 55,224 crore
  • Rs 41,000 crore for Scheduled Caste plan
  • Rs 97,000 crore for women's development
  • Rs 110 crore for department of disabilities
  • Rs 37,330 crore for health ministry
  • No revision of personal income tax slabs; relief in first bracket through tax credit of Rs 2,000 for earnings up to Rs 5 lakh
  • Ten percent surcharge on income exceeding Rs 1 crore a year; only 42,800 people have declared such income
  • Tax Administrative Reforms Commission to be set up
  • Collective responsibility to ensure dignity and safety of women; recent incidents have cast a dark shadow; stand in solidarity with our girl children and women; will keep them safe and secur
  • Defence allocated Rs 2 lakh 3,672 crore
  • Cities to be encouraged to promote waste to energy projects
  • Low interest funds to be provided for promoting clean energy
  • Rs 800 crore provided to promoting wind energy
  • Two new ports to be set up in West Bengal and Andhra Pradesh to add 100 million tonnes handling capacity
  • Gas handling terminal at Dabhol in Maharashtra to be fully operational during 2013-14
  • State governments urged to sign restructuring plans with electricity discoms
  • Tax-free infrastructure bonds of Rs 50,000 crore to be issued
  • Textile ministry allocated Rs 50 crore for establishing apparel parks
  • Handloom sector allocated Rs 96 crore to benefit 150,000 weavers
  • Infrastructure debt funds to be encouraged
  • Regulator to be appointed for road projects; 3,000 km of road projects to be awarded in first six months of 2013-14
  • Incentive allowance of 15 percent over and above permitted depreciation to those investing over Rs 100 crore in infrastructure projects
  • Rajiv Gandhi Equity Scheme to be liberalised
  • Seven new cities identified along Delhi-Mumbai Industrial Corridor
  • Preliminary work begun on Bangalore-Mumbai Industrial corridor
  • Foodgrain production during 2013-13 estimated at 250 million tonnes
  • Rs 500 crore allocated for promoting crop diversification
  • Rs 200 crore allocated for promoting nutrient-rich crops
  • Rs 50 crore allocated for farmer-producer organisations
  • National Livestock Mission to be launched with allocation of Rs.307 crore
  • Rs 10,000 crore allocated for initial expenditure on implementation
  • Human resource development ministry to get Rs 65,867 crore
  • Rs 13,250 crore allocated for midday meals scheme
  • Rs 17,700 crore allocated for Integrated Child Development Scheme
  • Drinking water and sanitation ministry allocated Rs 15,260 crore
  • Allocation of rural development ministry allocation raised by 46 percent to Rs 80,294 crore; Rs 33,000 crore for rural jobs scheme
  • Budget expenditure for 2013-14 at Rs 16 lakh 65,297 crore; plan expenditure at Rs 5 lakh 55,224 crore
  • Rs 41,000 crore for Scheduled Caste plan
  • Rs 97,000 crore for women's development
  • Rs 110 crore for department of disabilities
  • Rs 37,330 crore for health ministry

OneIndia News (with IANS inputs)

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