Trisha Shetty (Editor)

2013 Union budget of India

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Submitted
  
28 February 2013

Party
  
INC

Submitted by
  
P.Chidambaram, Finance Minister

Website
  
http://www.indiabudget.nic.in Official Site

The Union Budget of India for 2013–2014 was presented by Finance Minister, P. Chidambaram on 28 February 2013, 11 AM.

Contents

Salient features of the budget

  • Total expenditure of ₹1,658,000 crore (US$250 billion)
  • Planned defence expenditure of ₹203,000 crore (US$30 billion)
  • Education expenditure of ₹5,000 crore (US$740 million)
  • ₹37,330 crore (US$5.5 billion) was allocated for Ministry of Health & Family Welfare in the financial year 2014.
  • ₹3,511 crore (US$520 million) allocated to Minority Affairs Ministry.
  • ₹4,727 crore (US$700 million) allocated for medical education and research.
  • Allocation of ₹1,000 crore (US$150 million) for Nirbhaya Fund to empower women and increase their safety
  • Setting up a National Institute for Sports to train coaches in Patiala Punjab at a cost of ₹2.5 billion (US$37 million)

    • Personal tax

  • There would be surcharges on the super rich (10% above whose income exceeding ₹10 million (US$150,000) per year. It is also mentioned that this tax has been implied only for this financial year and may be withdrawn from next year onwards.
  • No changes in personal income tax slabs. But a special redemption of Rs. 2,000 has been given for income group between Rs. 2 to 5 Lakhs.

    • References

    2013 Union budget of India Wikipedia
    (Text) CC BY-SA