Budget 2012 highlights | | ||
3.6 | Deficit | | 5.13 lac Cr |
7.6 | GDP growth | | 2.5 (+ or -) |
Reduced | Subsidy | Reduced by 2013 | |
GDP | 2% | 1.70% | |
2011`2012 | | | |
Crude subsidy | continue | | |
Fertilizers | continue | | |
Kerosin. | continue | | |
GST | Aug-13 | under progress | |
DTC | Apr-14 | under progress | |
| | | |
Rajiv Gandhi Eq Scheme | | | |
50000 invest | | 10 Lacs | |
Equity Market | | 50% tax rebate | |
| | | |
Capital Market | | | |
FII | IPO | Open but restricted | |
Retail market | | 51% FDI | |
| | | |
Income Tax | | | |
upto 2 lacs | NIL | | |
2 -5 Lacs | 10% | | |
5 – 10 Lacs | 20% | | |
10 Above | 30% | | |
Some recommendations and provisions
Service Tax ` | | 10% | 12% |
STT was rediuced by 20% | | 1.25% | 1% |
for delivery base Transaction | | 20% reduced | |
Gold | Custom duty | | 4% |
Imported cycle | Custom duty | 10% | 30% |
Commodity Tranx Tax | | | Nil |
Vehicle - Car | Excise Duty | 10% | 12% |
| | 15000 | 15000+3% |
LCD/LED | Custom duty | | Nil |
Led | Custom duty | | less 6% |
Two wheelers | Custom duty | | More costlier |
Four wheeler | Custom duty | | More costlier |
Imported Cars | Import Duty | 50% | 75% |
| | | |
SIDBI Venture Capital | Additional funds | 5000 Cr | |
| | | |
Cigar | Valorem duty | | 10% |
Home Loan | 25 Lacs | | 1% less |
Small Home - builders seek | | | FDI stake |
Corporate Tax | | No change | |
Gold - Import | | 1.50% | 3% |
Infrastructure and Power Industry | FY 2013 |
Power co | 10000 Cr Tax Free bonds |
thermal Power - | Duty on Coal removed |
60000 Cr | Infra Bonds may issued |
30000 Cr | Disinvestment |
PSU banks 15888 Cr investments | |
Aviation 49% | FDI allowed |
PPP | Infra development |
Property Buy -Sale | TDS attracted |