union budget2013-14 analysis by abhishek.pptx

7/29/2019 Union Budget2013-14 analysis by abhishek.pptx

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DEMYSTIFYING UNION BUDGET 2013-14

By

Abhishek Maheshwari

Core Business School


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FISCAL DEFICIT

Able to achieve 5.2%

All fig. are in Cr. FY12-13 BE FY12-13 RE

Revenue Receipts 935685 871828

Capital Receipts 555240 558997

Total Receipts 1490925 1430825

Non-Plan Expenditure 969900 1001638

Plan Expenditures 521025 429187

Total Expenditure 1490925 1430825


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BALANCE SHEETOF GOI 2013-14

Expenditures (In Cr.) Revenue Receipts (In Cr.)Non-PlanExpenditure

1109975 RevenueReceipts

1056330

On revenueAccounts

992908 Tax Revenue 884078

On capital Account 117067 Non Tax revenue 172252

PlanExpenditures

555322 CapitalReceipts

608967

On revenueAccounts 443260 Non DebtReceipts 66468

On capital Account 112062 Debt Receipts 542499

Total

Expenditure

1665297 Total Receipts 1665297


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SUBSIDY & TAXES

Target to bring down subsidy to 2% of GDP by FY14

Petroleum subsidy & Higher oil prices can upset fiscal

deficit

Election year & Food Security Bill


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Levied super rich tax 10% & 2000 rebates till 5 lac.income

TAXES


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FY14 Union Budget: Sectorial Impact


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BANKING

Announcement Impact

Capital infusion of 14,000cr in PSU banks Positive

Banks have now been permitted to work as

insurance brokers.

Positive

An additional deduction of 1lac (over and above1.5lakh) will be available for a person taking loan

upto 25lakh for his first home from a bank or a

housing finance company.

Positive


8/15

AUTOMOBILE

Announcements Impact

Excise duty on SUVs intended for non-taxi use

increased to 30% from the current rate of 27%.

Negative

Reduction in excise duty on chassis fitted trucks

to 13% from 14% earlier.

Positive

Purchase of 10,000 buses under JNNURM. Positive


9/15

CAPITAL GOODS

Announcement Impact

Greater than 100cr in plant and machinery,

will be eligible for deduction of investmentallowance of 15%.

Positive

High commitment for dedicated fright &industrial corridors

Positive


10/15

FMCG

Announcement Impact

Budget has increased the allocation to rural

development programs by 46% to 80,194cr.

Positive

Increase in excise duty of cigarettes with

length having more than 65mm has been

increased by 18%.

Negative

Increase in excise duty on branded ayurvedic

product

Negative


11/15

INFRASTRUCTURE

Announcement ImpactIssuance of tax-free bonds amounting to 50,000cr Positive

Allocation to Ministry of Drinking Water and

Sanitation is being stepped up by 17.4% to15,260cr

Positive

Budget proposes to form a regulatory authority

for the road sector.

Positive

Awarded road project spanning 8,000 & 3000 in

6 states

Positive

Two major ports in West Bengal (Sagar) and

Andhra Pradesh.

Positive


12/15

METALS, OIL & GAS

Announcement Impact

Public-Private Partnership (PPP) with Coal India,

to raise production

Positive

Fast track project approvals via Cabinet

Committee on Investments (CCI)

Positive

Clarity on natural gas pricing Positive

Fast track clearances of NELP blocks via Cabinet

Committee on Investments (CCI)

Positive


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REAL ESTATE

Announcement Impact

Imposed a TDS of 1% on the value of the transfer

of immovable properties (exempt for agricultural

land) over 50,00,000 rupees.

Negative

An additional deduction of 1lac under will be

available for an individual taking loan up to 25lakh

for his first home from a bank or a housing finance

company.

Positive


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CONCLUSION

Balanced budget

Point to Ponder Mid day meal & SSA

Skill Development programme

Taxes

Saving

Government Borrowing( 569616(FY13RE),629009(FY 14BE))

Difficulty in land acquisitions

Ambitious Non Tax Revenue (Rs.72252Cr.)plans


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Thanks for listening

union budget2013-14 analysis by abhishek.pptx

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