Group No 1: Sahil Chabbria (01) Mihir Ambardekar (11) Darsh Lathia (21) Mansi Kothari (31) Anchal Bajaj

(41) Saurobh Medda (51)

THE ECONOMY AND THE CHALLENGES

Achieving growth rate of 8%

Indian economy : Slowdown :: Global economic : Slowdown

Only China and Indonesia growing faster than India Between 2004 -11 the growth rate was over 8% and crossed 9% in four of those six years 11th Plan period had average growth rate of 8% Higher growth inclusive and sustainable development Inclusive development improving human development indicators specially of women, scheduled castes & tribes, minorities and backward classes

FISCAL DEFICIT, CURRENT ACCOUNT DEFICIT AND INFLATION

Fiscal deficit - 5.3 % of GDP 4.8 % of GDP

Current Account Deficit Foreign investment imperative FII, FDI, ECB

Development - economically & ecologically sustainable

Battle against inflation

Efforts in the past few months have brought down headline WPI inflation and core inflation Food inflation Faced with huge fiscal deficit, Government expenditure rationalised in 2012-13

THE PLAN AND BUDGETARY ALLOCATIONS

Revised Expenditure 96% of Budget Estimates Opportunities and employment SC, ST, Women and Children Sub Plans Rs. 97134 Cr Women Rs. 77236 Cr - Children Ministry of Minority Affairs Maulana Azad Education Foundation Rs. 160 Cr Disabled Persons Rs. 75 Cr

HEALTH AND EDUCATION

Ministry of Health & Family Welfare Rs. 37330 Cr New National Health Mission Rs. 21239 Cr Medical education, training and research Rs. 4727 Cr National Programme for the Health Care of Elderly Rs. 150 Cr AYUSH and AIIMS-like institutions Rs. 1069 Cr Ministry of Human Resource Development Rs. 65867 Cr, SSA and RMSA Scholarships Rs.5284 Cr and MDM Rs. 13215 Cr

THE PLAN AND BUDGETARY ALLOCATIONS contd...

ICDS Rs. 17700 Cr Needs of children Maternal and child malnutrition Drinking Water Rs. 15260 Cr Water purification plants Rural Development Rs. 80194 Cr MGNREGA and PMGSY PMGSY-II JNNURM Rs. 14873 Cr

AGRICULTURE
27,049 Cr allocated to Ministry of Agriculture Increase of 22% over the RE of current year Total food grain production will be over 250 million tonnes Target of agricultural credit kept at Rs 7 lakh Cr

Green revolution to eastern India Rs 1,000 Cr allocated

AGRICULTURE
Rs. 500 crore allocated to start a program of crop diversification Rashtriya Krishi Vikas Yojana Rs. 9,954 crore National Food Security Mission Rs. 2,250 crore Allocation for integrated watershed programme increased to Rs. 5,387 crore

AGRICULTURE
Credit Guarantee Fund to be created with an initial corpus of Rs. 100 crore National Livestock Mission to be set up Provision of Rs. 307 crore Additional provision of Rs. 10,000 crore for National Food Security Act

INVESTMENT AND INFRASTRUCTURE

Infrastructure Debt funds encouraged Credit enhancement to Infra companies by IIFCL

Tax free Infrastructure Bonds upto Rs. 50,000 Cr

RGES Scheme will be liberalized Interest deductions upto Rs. 1 lakh for first home loan

INVESTMENT AND INFRASTRUCTURE

RIDF (Rural Infra Development Fund) operated by NABARD Cabinet Committee on Investment to play important part

Industrial Corridor Development (DMIC, CBIC and BMIC)

Srinagar Leh Power Transmission link worth Rs. 1840 crores 3000 km of Road projects in different states

INDUSTRY
Coal PPP policy framework to reduce import dependence Textile industries will benefit from zero excise duties

Doubling the outlay of SIDBI refinance facility for MSMEs to Rs. 10,000 crore
MSME sector to get Non tax benefits for three more years

BANKING
Particulars Compliance of public sector banks with Basel III regulations Proposal to set up Indias first Womens Bank as a public sector bank Rural Housing Fund in 2013-14 Amount Allocated 14,000 Crore Remarks Money provided for Infusing capital It will help to increase women employment and will open a new banking horizon for women

1000 Crore

6000 crore

National Housing Bank to 2000 Crore set up Urban Housing Fund

INSURANCE
A multi-pronged approach to increase the penetration of insurance Various number of proposals finalised, in consultation with IRDA Rashtriya Swasthya Bima Yojana to be extended to other categories A comprehensive social security package to be evolved for unorganised sector

CAPITAL MARKETS
Proposal to amend the SEBI Act, to strengthen the regulator, under consideration Proposal finalised in consultation with SEBI Designated DP may register different classes of portfolio investors Simplify the procedures Small and medium enterprises, to be permitted to list on the SME exchange Dedicated debt segment on the exchange FIIs will be permitted to participate in the exchange traded currency derivative segment

OTHER PROSPECTS
Backward Regions Grant Fund Rs. 12500 crore has been allocated in this budget. Defence Increase allocation for defence to Rs. 203672 crores which includes Rs. 86741 crores for capital expenditure Science & Technology a few S&T innovations are identified Institutions of Excellence Rs. 100 crores each to four Universities Sports National Institute of Sports Coaching at Patiala at a cost of Rs. 250 crores over a period of 3 years

OTHER PROSPECTS
Broadcasting Population of more than 1 Lakh will be covered by private FM radio services Panchayati Raj Importance of building capacity Rs. 455 Cr had been allocated and now additional Rs. 200 Cr Post Offices Part of core banking solution, offers real time banking services Rs. 532 Cr has been allocated Central Schemes Concern about proliferation of CSS & ACA Restructuring into 70 schemes & reviewed once in two years

BUDGET ESTIMATES
Plan Expenditure Rs. 5,55,322 crores As a proportion of total expenditure, it will be 33.3 percent Non Plan Expenditure Rs. 1,09,975 crores

Fiscal deficit for the CY - 5.2 % Fiscal deficit for the year 2013-14 is estimated at 4.8 %.
Revenue deficit for the CY - 3.9 % Revenue deficit for the year 2013-14 is estimated at 3.3 % Aim - to bring down the fiscal deficit to 3%, revenue deficit to 1.5% & effective deficit to 0