5. Budget Impact on Sensex
Bombay Stock Exchange
Sensex fell by 291
points to a 3-month low
post budget
6. For Women
An all-women bank by
November 2013 with an
initial capital of Rs 1,000
crore
Rs 1,000 crore Nirbhaya
Fund, named after Delhi
gangrape victim, to
empower women
8. No revision in Income
Tax slabs
Surcharge of 10% would
be imposed on those
earning over Rs 1 crore
in a year, for 2013-14
9. Rs 1 lakh additional exemption for
upto Rs 25 lakh home loans
10. Impact
• The government expenditure is projected to increase by
30%, which will have a serious impetus on the GDP growth
for the coming year.
• Will provide financial power in the hands of rural
population, indicating a dramatic impact on the semi –
urban / rural growth.
• The taxes, too have been increased, for the super rich.
• The biggest aim now must be to reduce deficit, else
inflation will reduce growth aspirations.
14. Health sector
• Finance MinisterP Chidambaram said "Health for All" is
a priority of the government.
• In budget speech, Chidambaram said, "I propose to
allocate Rs 37,330 crore to the Ministry of Health and
Family Welfare.’’
• the new National Health Mission that combines the
rural mission and the proposed urban mission will get
Rs 21,239 crore,
15. Impact
• The Department of Health and Family Welfare got
the majority share of Rs 33,278 crore,
• The Department of AYUSH a total of Rs 1,259
crore and the department of Health Research Rs
1,008 crore.
• However, there has been no allocation for the
Reproductive and Child Health Project, Pulse
Polio Immunisation and routine immunisation .
16. Special focus on
medical education,
training and research
New National Health
Mission to get Rs 21,239
crore
19. Impact
• The 17% increase in allocation to Human Resource
Development is definitely a positive sign for the
education sector in India.
• This can provide a boost to building quality education
resources at all levels in our country.
• Hope this will be spent on modernizing curricula,
investing in research and faculty development and
building better education delivery mechanisms.
20. For Youth
Rs 1,000 crore for skill development of 10 lakh youth to enhance their
employability *Image via Bing
21. Cont….
• To meet the enormous challenge of skilling the
Indian youth towards jobs.
• It is imperative to have active participation of the
industry; the budget is silent about this.
• Thus the target of achieving 500million skilled
workers by 2022 cannot be achieved without the
active and effective cooperation of industry with
governments at the Centre and the States.
25. Impact
• New initiatives have been taken for bringing in more
investment to this sector,
• Promoting growth in key areas and farmers welfare
• Food sector as a whole has also been supported with
higher provision for food subsidies, market
intervention and imports
• Helps in food security and containing food inflation
26. Cont….
• Green revolution to eastern India (GREI) has
been a remarkable success
• Assam, Bihar, Chhattisgarh, West Bengal have
increased their contribution to rich product
• The Rashtriya Krishi Vikas Yojna is intended to
bridge yield gaps of major crops, has been
provided Rs.2,250 crore
31. Pharmaceuticals
• No major changes in the Budget 2013-14.
• Investment allowance of 15% on new plant and machinery
is a welcome step and is expected to increase investment in
new projects
• While simultaneously providing tax benefit to industry.
• The increase in surcharge rates on both income tax as well
as dividend distribution tax shall increase the tax outgo.
• Directional guidance on GST and DTC also provides much
awaited clarity.