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See all Premium member Presentation Transcript Union budget : Union budget 2010-2011 Slide 2: Key Features of Budget 2010-2011 CHALLENGES To quickly revert to the high GDP growth path of 9 per cent and then find the means to cross the ‘double digit growth barrier’. To harness economic growth to consolidate the recent gains in making development more inclusive. To address the weaknesses in government systems, structures and institutions at different levels of governance. Slide 3: Budget Expectations ● Roll-back of stimulus packages ● Managing inflation and food prices ● Policies to overcome fiscal deficit ● Opening up the external economy -Education, Insurance, Retail ● Roadmap for Disinvestment ● Timelines for implementation of DTC(direct tax code) Budget thrust areas : Budget thrust areas Simplification and liberalization of foreign investment regime Relaxation of bank licensing policy for private players, NBFCs Continued focus on infrastructural development Impetus to power Sector – competitive bidding for coal Focus on renewable cont…. Cont….. (budget thrust areas) : Cont….. (budget thrust areas) Thrust on clean energy Increased Allocations for infrastructure development, road & railways Introduction of new company law Interest subvention for exports, housing finance Recognizes the role of SEZs Slide 6: Cont….. (budget thrust areas) ● Increased allocation to rural development programmes (NREGAs,Bharat Nirman, Indira Awas Yojna) ● Four-pronged strategy for Agricultural growth ● Agricultural production ● Reduction in wastage of produce ● Credit support to farmers ● Impetus to food processing sector (ECB for cold storage) ● Increased allocation for education, health, micro and small enterprises, urban development & housing, un-organised sector Slide 7: Cont….. (budget thrust areas) ● Nutrient based subsidy policy for fertilizer sector ● Strengthening transparency and public accountability Financial sector legislative reform commissions Unique Identification number allocations Setup of technical advisory group for effective tax administration ● Fiscal consolidation ● Roadmap for DTC and GST ● Calibrated exit strategy from fiscal stimulus ● People’s ownership of PSUs ● Explicit reduction in domestic public debt-GDP ratio Budget estimates 2010-2011 : Budget estimates 2010-2011 The Gross Tax Receipts are estimated at Rs. 7,46,651 crore The Non Tax Revenue Receipts are estimated at Rs. 1,48,118 crore. The total expenditure proposed in the Budget Estimates is Rs. 11,08,749 crore , which is an increase of 8.6 per cent over last year. The Plan and Non Plan expenditures in Budget estimates 2010-11 are estimated at Rs. 3,73,092 crore and Rs. 7,35,657 crore respectively. Fiscal deficit for BE 2010-11 at 5.5 per cent of GDP, which works out to Rs.3,81,408 crore. The rolling targets for fiscal deficit are pegged at 4.8 per cent and 4.1 per cent for2011-12 and 2012-13, respectively. Salient features of budget : Salient features of budget Agriculture sector Rs. 400 crore provided to extend the green revolution to the eastern region of the country comprising Bihar, Chattisgarh, Jharkhand, Eastern UP, West Bengal and Orissa. Rs. 300 crore provided to organise 60,000 “pulses and oil seed villages” in rain-fed areas an integrated intervention for water harvesting,watershed management and soil health, to enhance the productivity of the dry land farming areas. Rs. 200 crore provided for sustaining the gains already made in the green revolution areas through conservation farming, which involves concurrent attention to soil health, water conservation and preservation of biodiversity. Salient features of budget : Salient features of budget Infrastructure sector Rs 1,73,552 crore provided for infrastructure development which accounts for over 46 per cent of the total plan allocation. Allocation for road transport increased by over 13 per cent from Rs. 17,520 crore to Rs 19,894 crore. Rs 16,752 crore provided for Railways, which is about Rs.950 crore more than last year. Salient features of budget : Salient features of budget Energy sector Plan allocation for power sector doubled from Rs.2230 crore in 2009-10 to Rs.5,130 crore in 2010-11. Plan outlay for the Ministry of New and Renewable Energy increased by 61 percent from Rs.620 crore in 2009-10 to Rs.1,000 crore in 2010-11. Rs.500 crore for setting small hydro ,solar and micro power projects Salient features of budget : Salient features of budget Education Plan allocation for school education increased by 16 per cent from Rs.26,800 crore in 2009-10 to Rs.31,036 crore in 2010-11. In addition, States will have access to Rs.3,675 crore for elementary education under the Thirteenth Finance Commission grants for 2010-11. Health Plan allocation to Ministry of Health & Family Welfare increased from Rs 19,534 crore in 2009-10 to Rs 22,300 crore for 2010-11. Salient features of budget : Salient features of budget Rural Development Rs. 66,100 crore provided for Rural Development. Allocation for Mahatma Gandhi National Rural Employment Guarantee Scheme stepped up to Rs.40,100 crore in 2010-11. Rs.48,000 crore allocated for rural infrastructure programmes under Bharat Nirman. Allocation for indira awaas yojana scheme increased to Rs.10,000crore. Allocation to Backward Region Grant Fund to Rs 7,300 crore in 2010-11 Additional central assistance of Rs 1,200 crore provided for drought mitigation in bundelkhand region Salient features of budget : Salient features of budget Urban Development and Housing Allocation for urban development increased by more than 75 per cent from Rs.3,060 crore to Rs.5,400 crore in 2010-11. Allocation for Housing and Urban Poverty Alleviation raised from Rs.850 crore to Rs.1,000 crore in 2010-11. Rs.1,270 crore allocated for Rajiv Awas Yojana as compared to Rs.150 crore last Salient features of budget : Salient features of budget Micro, Small & Medium Enterprises Allocation for this sector to be increased from Rs.1,794 crore to Rs.2,400 crore for the year 2010-11. The corpus for Micro-Finance Development and Equity Fund doubled to Rs.400 crore in 2010-11. Unorganized Sector National Social Security Fund for unorganized sector workers to be set up with an initial allocation of Rs.1000 crore. This fund will support schemes for weavers, toddy tappers, rickshaw pullers, bidi workers etc Salient features of budget : Salient features of budget Rs 1,900 crore allocated to the Unique Identification Authority of India (UIDAI)for 2010-11. Defense budget increased to Rs. 1,47,344 crore including Rs 60,000 crore for capital expenditure. Plan outlay of the Ministry of Social Justice and Empowerment enhanced by 80 per cent to Rs.4500 crore. Allocation for National Ganges River Basin Authority (NGRBA) doubled in2010-11 to Rs.500 crore. Rs.16,500 crore provided to ensure that the Public Sector Banks are able to attain an minimum 8 per cent Tier-I capital by March 31, 2011. Tax proposals in the budget : Tax proposals in the budget Direct tax Income tax slabs for individual taxpayers to be as follows Slide 18: Addition inclusions in the direct tax code Deduction of an additional amount of Rs. 20,000 allowed, over and above the existing limit of Rs.1 lakh on tax savings, for investment in long-term infrastructure bonds as notified by the Central Government Besides contributions to health insurance schemes which is currently allowed as a deduction under the Income-tax Act, contributions to the Central Government Health Scheme also allowed as a deduction under the same provision. Current surcharge of 10 per cent on domestic companies reduced to 7.5 per cent. Rate of Minimum Alternate Tax (MAT) increased from the current rate of 15 percent to 18 per cent of book profits indirect taxes & service taxes : indirect taxes & service taxes Rate reduction in Central Excise duties to be partially rolled back and the standard rate on all non-petroleum products enhanced from 8 % to 10% to ad valorem. The ad valorem component of excise duty on large cars, multi-utility vehicles and sports-utility vehicles increased by 2% points to 22%. Restore the basic duty of 5 per cent on crude petroleum; 7.5 per cent on diesel and petrol and 10 per cent on other refined products. Central Excise duty on petrol and diesel enhanced by Re.1 per litre each. Rate of tax on services retained at 10 per cent to pave the way forward for GST. Proposals relating to service tax are estimated to result in a net revenue gain of Rs 3,000 crore for the year. Proposals on direct taxes estimated to result in a revenue loss of Rs. 26,000 crore for the year. Proposals relating to Indirect Taxes estimated to result in a net revenue gain of Rs.46,500 crore for the year. Taking into account the concessions being given in the tax proposals the net revenue gain is estimated to be Rs. 20,500 crore for the year. In summary : In summary ● Is a hallmark of stability and continuity from a stable government ● Reinforces the structural strength and resilience in the Indian economy – Decades and decades of growth? ● Stimulates inclusive growth through increased outlays and forwardlooking reforms ● Addresses fiscal consolidation through a combination of measures ● However, one needs to closely monitor: Inflation Implementation of GST and DTC Global events All in all, though not euphoric, a confident attempt The end : The end prepared by Sonu Joshi Id no.2802248 MITSOB 28th batch PGDM(finance) You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
budget 2010-2011 india main features joe006 Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 1878 Category: Entertainment License: All Rights Reserved Like it (6) Dislike it (0) Added: August 01, 2010 This Presentation is Public Favorites: 2 Presentation Description No description available. Comments Posting comment... By: patelkaran953 (4 month(s) ago) sir i got you'r email but how download it sir plz help me Saving..... Post Reply Close Saving..... Edit Comment Close By: patelkaran953 (4 month(s) ago) sir i like this ppt this the excellent ppt so plz you send this ppt to my email patelkaran953@gmail.com or pls give me for download it Saving..... Post Reply Close Saving..... Edit Comment Close By: sourabhmunjal0112 (9 month(s) ago) very good presentation sir, can you send me this presentation on sourabhmunjal0112@gmail.com. thanks in advance Saving..... Post Reply Close Saving..... Edit Comment Close By: himavinash (9 month(s) ago) sir it a good power point presentation on india budger 2010-2011. i am a student and kindly request u to give me a copy of this content on my email that is HIMANSHUDCSK@GMAIL.COM Saving..... Post Reply Close Saving..... Edit Comment Close By: sunil_2007 (13 month(s) ago) hello sir, its really good presentation plz if you don't mind plz send me on ma mail id. sunilsen2008@gmail.com thanx boss Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Union budget : Union budget 2010-2011 Slide 2: Key Features of Budget 2010-2011 CHALLENGES To quickly revert to the high GDP growth path of 9 per cent and then find the means to cross the ‘double digit growth barrier’. To harness economic growth to consolidate the recent gains in making development more inclusive. To address the weaknesses in government systems, structures and institutions at different levels of governance. Slide 3: Budget Expectations ● Roll-back of stimulus packages ● Managing inflation and food prices ● Policies to overcome fiscal deficit ● Opening up the external economy -Education, Insurance, Retail ● Roadmap for Disinvestment ● Timelines for implementation of DTC(direct tax code) Budget thrust areas : Budget thrust areas Simplification and liberalization of foreign investment regime Relaxation of bank licensing policy for private players, NBFCs Continued focus on infrastructural development Impetus to power Sector – competitive bidding for coal Focus on renewable cont…. Cont….. (budget thrust areas) : Cont….. (budget thrust areas) Thrust on clean energy Increased Allocations for infrastructure development, road & railways Introduction of new company law Interest subvention for exports, housing finance Recognizes the role of SEZs Slide 6: Cont….. (budget thrust areas) ● Increased allocation to rural development programmes (NREGAs,Bharat Nirman, Indira Awas Yojna) ● Four-pronged strategy for Agricultural growth ● Agricultural production ● Reduction in wastage of produce ● Credit support to farmers ● Impetus to food processing sector (ECB for cold storage) ● Increased allocation for education, health, micro and small enterprises, urban development & housing, un-organised sector Slide 7: Cont….. (budget thrust areas) ● Nutrient based subsidy policy for fertilizer sector ● Strengthening transparency and public accountability Financial sector legislative reform commissions Unique Identification number allocations Setup of technical advisory group for effective tax administration ● Fiscal consolidation ● Roadmap for DTC and GST ● Calibrated exit strategy from fiscal stimulus ● People’s ownership of PSUs ● Explicit reduction in domestic public debt-GDP ratio Budget estimates 2010-2011 : Budget estimates 2010-2011 The Gross Tax Receipts are estimated at Rs. 7,46,651 crore The Non Tax Revenue Receipts are estimated at Rs. 1,48,118 crore. The total expenditure proposed in the Budget Estimates is Rs. 11,08,749 crore , which is an increase of 8.6 per cent over last year. The Plan and Non Plan expenditures in Budget estimates 2010-11 are estimated at Rs. 3,73,092 crore and Rs. 7,35,657 crore respectively. Fiscal deficit for BE 2010-11 at 5.5 per cent of GDP, which works out to Rs.3,81,408 crore. The rolling targets for fiscal deficit are pegged at 4.8 per cent and 4.1 per cent for2011-12 and 2012-13, respectively. Salient features of budget : Salient features of budget Agriculture sector Rs. 400 crore provided to extend the green revolution to the eastern region of the country comprising Bihar, Chattisgarh, Jharkhand, Eastern UP, West Bengal and Orissa. Rs. 300 crore provided to organise 60,000 “pulses and oil seed villages” in rain-fed areas an integrated intervention for water harvesting,watershed management and soil health, to enhance the productivity of the dry land farming areas. Rs. 200 crore provided for sustaining the gains already made in the green revolution areas through conservation farming, which involves concurrent attention to soil health, water conservation and preservation of biodiversity. Salient features of budget : Salient features of budget Infrastructure sector Rs 1,73,552 crore provided for infrastructure development which accounts for over 46 per cent of the total plan allocation. Allocation for road transport increased by over 13 per cent from Rs. 17,520 crore to Rs 19,894 crore. Rs 16,752 crore provided for Railways, which is about Rs.950 crore more than last year. Salient features of budget : Salient features of budget Energy sector Plan allocation for power sector doubled from Rs.2230 crore in 2009-10 to Rs.5,130 crore in 2010-11. Plan outlay for the Ministry of New and Renewable Energy increased by 61 percent from Rs.620 crore in 2009-10 to Rs.1,000 crore in 2010-11. Rs.500 crore for setting small hydro ,solar and micro power projects Salient features of budget : Salient features of budget Education Plan allocation for school education increased by 16 per cent from Rs.26,800 crore in 2009-10 to Rs.31,036 crore in 2010-11. In addition, States will have access to Rs.3,675 crore for elementary education under the Thirteenth Finance Commission grants for 2010-11. Health Plan allocation to Ministry of Health & Family Welfare increased from Rs 19,534 crore in 2009-10 to Rs 22,300 crore for 2010-11. Salient features of budget : Salient features of budget Rural Development Rs. 66,100 crore provided for Rural Development. Allocation for Mahatma Gandhi National Rural Employment Guarantee Scheme stepped up to Rs.40,100 crore in 2010-11. Rs.48,000 crore allocated for rural infrastructure programmes under Bharat Nirman. Allocation for indira awaas yojana scheme increased to Rs.10,000crore. Allocation to Backward Region Grant Fund to Rs 7,300 crore in 2010-11 Additional central assistance of Rs 1,200 crore provided for drought mitigation in bundelkhand region Salient features of budget : Salient features of budget Urban Development and Housing Allocation for urban development increased by more than 75 per cent from Rs.3,060 crore to Rs.5,400 crore in 2010-11. Allocation for Housing and Urban Poverty Alleviation raised from Rs.850 crore to Rs.1,000 crore in 2010-11. Rs.1,270 crore allocated for Rajiv Awas Yojana as compared to Rs.150 crore last Salient features of budget : Salient features of budget Micro, Small & Medium Enterprises Allocation for this sector to be increased from Rs.1,794 crore to Rs.2,400 crore for the year 2010-11. The corpus for Micro-Finance Development and Equity Fund doubled to Rs.400 crore in 2010-11. Unorganized Sector National Social Security Fund for unorganized sector workers to be set up with an initial allocation of Rs.1000 crore. This fund will support schemes for weavers, toddy tappers, rickshaw pullers, bidi workers etc Salient features of budget : Salient features of budget Rs 1,900 crore allocated to the Unique Identification Authority of India (UIDAI)for 2010-11. Defense budget increased to Rs. 1,47,344 crore including Rs 60,000 crore for capital expenditure. Plan outlay of the Ministry of Social Justice and Empowerment enhanced by 80 per cent to Rs.4500 crore. Allocation for National Ganges River Basin Authority (NGRBA) doubled in2010-11 to Rs.500 crore. Rs.16,500 crore provided to ensure that the Public Sector Banks are able to attain an minimum 8 per cent Tier-I capital by March 31, 2011. Tax proposals in the budget : Tax proposals in the budget Direct tax Income tax slabs for individual taxpayers to be as follows Slide 18: Addition inclusions in the direct tax code Deduction of an additional amount of Rs. 20,000 allowed, over and above the existing limit of Rs.1 lakh on tax savings, for investment in long-term infrastructure bonds as notified by the Central Government Besides contributions to health insurance schemes which is currently allowed as a deduction under the Income-tax Act, contributions to the Central Government Health Scheme also allowed as a deduction under the same provision. Current surcharge of 10 per cent on domestic companies reduced to 7.5 per cent. Rate of Minimum Alternate Tax (MAT) increased from the current rate of 15 percent to 18 per cent of book profits indirect taxes & service taxes : indirect taxes & service taxes Rate reduction in Central Excise duties to be partially rolled back and the standard rate on all non-petroleum products enhanced from 8 % to 10% to ad valorem. The ad valorem component of excise duty on large cars, multi-utility vehicles and sports-utility vehicles increased by 2% points to 22%. Restore the basic duty of 5 per cent on crude petroleum; 7.5 per cent on diesel and petrol and 10 per cent on other refined products. Central Excise duty on petrol and diesel enhanced by Re.1 per litre each. Rate of tax on services retained at 10 per cent to pave the way forward for GST. Proposals relating to service tax are estimated to result in a net revenue gain of Rs 3,000 crore for the year. Proposals on direct taxes estimated to result in a revenue loss of Rs. 26,000 crore for the year. Proposals relating to Indirect Taxes estimated to result in a net revenue gain of Rs.46,500 crore for the year. Taking into account the concessions being given in the tax proposals the net revenue gain is estimated to be Rs. 20,500 crore for the year. In summary : In summary ● Is a hallmark of stability and continuity from a stable government ● Reinforces the structural strength and resilience in the Indian economy – Decades and decades of growth? ● Stimulates inclusive growth through increased outlays and forwardlooking reforms ● Addresses fiscal consolidation through a combination of measures ● However, one needs to closely monitor: Inflation Implementation of GST and DTC Global events All in all, though not euphoric, a confident attempt The end : The end prepared by Sonu Joshi Id no.2802248 MITSOB 28th batch PGDM(finance)