Budget 2012 by students

3. Present Scenario of Budget
Weakening Economy, reducing growth
rate, stubbornly high Inflation &
enhancing fiscal deficit.

4. Objectives of the budget
• To enhance the growth rate from present
6.9%to 7.6%
• To cut fiscal deficit from 5.9% to 5.1%
• To take subsidies down to 2% of GDP for the
current year.

5. Budget estimates for 2012-13 projects Rs14,90,925
crore.
Expenditure in 2012-13 Rs14,90,925 crore. Increase of 15%
Fiscal deficit in 2012-13 Rs 5,13,590 crore which is 5.1 per cent of
GDP.
GDP growth expected to be 7.6%
HEALTH: Total allocation for the health sector has been
hiked to Rs 26,760 crore from Rs 23,530 crore
last year – there is not much for them this
year in the budget.(20% hike from last year)
EDUCATION: This year Rs. 52,057 cr has been allocated.
Allocation for education increased by 24 per
cent over current year.

6. GROSS VOTED CURRENT SPENDING WHERE THE OVERALL 5.28
BILLION IS GOING IN 2011
ENTERPRISE
1%
AGRICULTURE OTHER
1% 13% SOCIAL
JUSTICE PROTECTION
4% 38%
EDUCATION
16%
HEALTH
27%

7. OVER VIEW OF HEALTH SECTOR
• The total allocation for the health sector has been
hiked to Rs.26,897 cr to Rs. 30,702 cr an increase of
14%.– there is not much for them this year in the
budget.
• All healthcare services exempted from service tax.
However hospitals with twenty five or more beds and
central air conditioning will not get this exemption! 5%
tax will be levied on the actual value of the services
provided by these hospitals and diagnostic tests.
• Govt hospitals shall be exempted from this tax.

8. National Rural Health Mission (NRHM) is being implemented
through ‘Accredited Social Health Activist’- ‘ASHA’
Allocation for NRHM proposed to be increased from Rs.18,115
crore in 2011-12 to Rs.20,822 crore in 2012-13.
The Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) aimed
at setting up of AIIMS-like institutions and up gradation of
existing Government medical colleges is being expanded to
cover up gradation of 7 more Government medical colleges.

9. HEALTH SECTOR
PHARMACEUTICAL
SANITATION
HOSPITALS
AND RURAL PEOPLE
COMMON MAN AND
GOVERNMENT SCHEME

10. PHARMACEUTICAL
Increase in excise duty to affect pharma sector
Concessional basic customs duty of 5 per cent with full exemption from excise duty/ CVD to
six specified life-saving drugs/ vaccines

11. SANITATION
Allocation of Rs.14,000 crore for rural water supply and
sanitation.

13. "There would not be any major impact on
the hospital and diagnostic business
segment, but the end user (patients) will
end up paying more,"

14. No new case of polio was reported in the last one
year. By modernising existing
units and setting up a new integrated vaccine unit
near Chennai, the Government
will achieve vaccine security and keep the pressure on
disease eradication and
prevention.

15. AREAS WHICH
STILL NEED
ATTENTION

16. With some of the world's worst
indices, India can ill-afford this
indifference. Consider this: two
million children under 5 years
die every year in India, almost
one out of three malnourished
children live in India and 45.9%
children under 3 years are
underweight

17. Spending on health care in India
remains low in comparison to
many developing and developed
countries. Most European countries
spend about 9%-11% of their GDP
on public health. Government
expenditure as a share of the total
health expenditure in India is less
than what Asian countries such as
China and Indonesia spend on
health care

18. EDUCATION SECTOR
The Right to Education (RTE) Act is being implemented with effect from
April 1, 2010 through the Sarva Shiksha Abhiyan (SSA). For 2012-13, I have
provided `25,555 crore for RTE-SSA. This is an increase of 21.7 per cent over
2011-12.
In the Twelfth Plan, 6,000 schools have been proposed to be set up at
block level as model schools to benchmark excellence. Of these, 2500 will be
set up under Public Private Partnership.
The Rashtriya Madhyamik Shiksha Abhiyan (RMSA) was launched in
March, 2009 to enhance access to quality secondary education. In 2012-13,
I have allocated `3,124 crore for RMSA which is nearly 29 per cent higher than
the allocation in 2011-12.
A scheme for education loans is being implemented by banks. To ensure
better flow of credit to deserving students, I propose to set up a Credit
Guarantee
Fund for this purpose.