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PRESENTATION ON UNION BUDGET 2012-13

Introduction
The policy of the government to promote economic growth and avoid undesirable effects on the economy through taxation, government expenditure etc is called fiscal policy

The proper implementation of fiscal policy is possible through annual budget

The buget is the document that states expenditure and income of the government for the current financial year in which reflect the direction of government policies and properties.

UNION BUDGET OF INDIA


Is presented by the budget division of department of economic affairs of the ministry of finance annually.

Fact bite:
First finance minister. Number of FM since independence. Maximum no. of budget presented by. Libralization started by Current F.M..

Impact of budget

Inflation

unemployment

GDP

FISCAL DEFICIT

BUGET
INCOME
Revenue EXPENDITURE

Revenue

Capital

Capital

FISCAL DEFICIT

Revenue receipts involves no disposal of assets or incurrence of liabilities, which means the income which is received by the government through tax and non-tax revenue is known as revenue receipt.

Tax
Tax revenue
1.Direct taxes 2.Indirect taxes

Non -Tax revenue

Internal borrowing

External borrowing

Capital income
Disinvestment Deposites Providend fund

Revenue expenditure
Revenue expenditure is expenditure concerned with the costs of doing business on a day

to day basis. When companies


make a revenue expenditure, the expense provides immediate

benefits, rather than long term ones.

subsidy
24000 corers in patrol and diesel 6000 corers in fertilizer 2000 corers increase in food

In our view, the budget was broadly positive for the banking sector. Healthy capital allocation of ~`16,000cr for the recapitalization of PSU banks is expected to strengthen credit growth, while specific measures such as the increase in custom duty on gold imports is likely to channelize higher savings into financial investments, including bank deposits. Introduction of Microfinance Institutions

Government has slashed interest rate on deposits in Employees Provident Fund from 9.5% to 8.25% for 2011-12 affecting over 4.7 crore subscribers. This cut was proposed by the Finance Ministry and a notification was issued by the Labour Ministry, official sources said.

Capital expenditure

Infrastructure

AGRICULTURE

MAJOR AREA IN BUDGET

Disinvestment

Gold tax

Subsidies

DTC-GST

Fuel price

GAIN & PAIN


For taxpayer

For investor

For cosumer

PREPARED BY:
Viradiya trupti Ajay baojani Kajal nasit Nidhi khandhediya