Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home National

Chidambaram proposes Rs.3,511 crore for Minorities

Thursday February 28, 2013 04:34:38 PM, Special Correspondent

Related Article

2013 Union Budget

Chidambaram's marginal rebate to low-income taxpayers

Finance Minister P. Chidambaram Thursday proposed a tax cut of Rs.2,000 for people earning an annual income of between  

Chidambaram set to present India's 82nd budget

This will be a make-or-break budget for UPA

I

New Delhi: Laying stress on the development of the minorities in India, Finance Minister P. Chidambaram on Thursday proposed to allocate 3,511 crore rupees to the Ministry of Minority Affairs. The Finance Minister also announced to allocate 160 crore rupees to the corpus fund of Maulana Azad Education Foundation. 

 

"I have allocated `3,511 crore to the Ministry of Minority Affairs. This is an increase of 12 percent over the Budget Estimates (BE) and 60 percent over the Revised Budget Estimates (RE) of 2012-13", Chidambaram said.

 

Stating that The Maulana Azad Education Foundation is the main vehicle to implement educational schemes and channelize funds to non-government organisations for the minorities., the Minister said, "I propose to allocate Rs.160 crore to the corpus fund (of the foundation)."

 

He also said the foundation's corpus stands at Rs.750 crore. With the objective of raising it to 1,500 crore during the 12th Plan period, he had announced the additional funds.

 

Stating that the Foundation wishes to add medical aid to its objectives, the Minister said, "A beginning can be made by providing medical facilities such as an infirmary or a resident doctor in the educational institutions run or funded by the Foundation."

 

"I propose to allocate Rs.100 crore to launch this initiative", he added.
 

Budget Highlights

No revision of personal income tax slabs; relief in first bracket through tax credit of Rs.2,000 for earnings up to Rs.500,000 (approx $9,000)

Ten percent surcharge on income exceeding Rs.1 crore (Rs.10 million/$180,000) a year; only 42,800 people have declared such income

Collective responsibility to ensure dignity and safety of women; recent incidents have cast a dark shadow; stand in solidarity with our girl children and women; will keep them safe and secure

Rs.1,000 crore allocated for establishing Nirbhaya Fund

Rs.97,000 crore (Rs.970 billion/$18 billion) for women's development

Defence allocated Rs.203,672 crore (Rs.2.03 trillion/$37 billion), an increase of five percent

Import duty on high-end vehicles raised from 75 percent to 100 percent

Excise duty on cigarettes to be increased 18 percent

No change in service tax of 12 percent

No service tax on vocational courses run by institutes affiliated to state governments

Service tax on all air conditioned restaurants regardless of whether or not they serve alcohol

No service tax on agricultural testing procedures

Rs.9,000 crore allocated for compensating state for differential in central sales tax and GST

Concessions for encouraging MRO (maintenance repair overhaul) sector

No change in customs duty on non-agricultural products

Modified law to prevent tax avoidance to come into effect April 1, 2016

100 percent tax deduction for contributions to National Children's Fund

Education cess to continue at 3 percent

11 lakh people have benefited from direct cash transfers; scheme to be rolled out across the country during UPA-2 term (May 2014)

Property transactions skewered; TDS of one percent where transaction exceeds Rs.50 lakh

Tax on mutual fund redemptions reduced from .25 percent to .001 percent

Tax Administrative Reforms Commission to be set up

Cities to be encouraged to promote waste to energy projects

Low interest funds to be provided for promoting clean energy

Rs.800 crore provided to promoting wind energy

Two new ports to be set up in West Bengal and Andhra Pradesh to add 100 million tonnes handling capacity

Gas handling terminal at Dabhol in Maharashtra to be fully operational during 2013-14

State governments urged to sign restructuring plans with electricity discoms

Tax-free infrastructure bonds of Rs.50,000 crore to be issued

Textile ministry allocated Rs.50 crore for establishing apparel parks

Handloom sector allocated Rs.96 crore to benefit 150,000 weavers

Infrastructure debt funds to be encouraged

Regulator to be appointed for road projects; 3,000 km of road projects to be awarded in first six months of 2013-14

Incentive allowance of 15 percent over and above permitted depreciation to those investing over Rs.100 crore in infrastructure projects

Rajiv Gandhi Equity Scheme to be liberalised

Seven new cities identified along Delhi-Mumbai Industrial Corridor

Preliminary work begun on Bangalore-Mumbai Industrial corridor

Foodgrain production during 2013-13 estimated at 250 million tonnes

Rs.500 crore allocated for promoting crop diversification

Rs.200 crore allocated for promoting nutrient-rich crops

Rs.50 crore allocated for farmer-producer organisations

National Livestock Mission to be launched with allocation of Rs.307 crore

Hope parliament will pass food security bill; Rs.10,000 crore allocated for initial expenditure on implementation

Human resource development ministry to get Rs.65,867 crore

Rs.13,250 crore allocated for midday meals scheme

Rs.17,700 crore allocated for Integrated Child Development Scheme

Drinking water and sanitation ministry allocated Rs.15,260 crore

Allocation of rural development ministry allocation raised by 46 percent to Rs.80,294 crore; Rs.33,000 crore for rural jobs scheme

Budget expenditure for 2013-14 at Rs.16 lakh 65,297 crore; plan expenditure at Rs.5 lakh 55,224 crore

Rs.41,000 crore for Scheduled Caste plan

Rs.110 crore for department of disabilities

Rs.37,330 crore for health ministry

Average growth during UPA-1 was 8 percent; high growth not a novelty

Current account deficit a worry because of high oil and gold imports

Will need $75 billion to finance current account deficit

Need to encourage FDI in consonance with economic priorities

WPI inflation down to 7 percent; food inflation worrying.

 

 

 

 






 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

More Headlines

Left retains Tripura -- for fifth straight term

Eight govt doctors to be arrested for negligence

Eye injured in surgery: Negligent doctor hauled up

Children with disorders appeal to PM for help

Chidambaram begins presenting India's 82nd budget

Left Front set to retain power in Tripura

Children with disorders appeal to PM for help

MNS violence hits Maharashtra

Rights panel summons MP for remarks on Park Street rape

Kolkata market fire: Death toll 19; Mamata sniffs sabotage

Bihar, Odisha, Rajasthan seek special status

With Bansal at helm, Punjab, Haryana, Chandigarh bask in railway budget

 

Top Stories

2013 Union Budget

Chidambaram begins presenting India's 82nd budget

Amid high expectations of reversing the sharp slowdown in the country's growth, Finance Minister P. Chidambaram presented India's  

Chidambaram set to present India's 82nd budget

This will be a make-or-break budget for UPA

 

  Most Read

Muslim youth selectively being targeted: Parliament told

Union Minister of State for Home Affairs R P N Singh was on Tuesday cornered in the Lok Sabha during question hour by a large number of members 

Stop victimisation of Muslim youths: Delhi convention on Politics of Terror

Do you feel the pain of Indian Muslims, Mr. Prime Minister

Assembly Election Results

Left Front set to retain power in Tripura

The ruling Communist Party of India-Marxist (CPI-M) led Left Front was Thursday set to retain power for the fifth straight term in Tripura. The Left Front was leading in 44 seats while the opposition Congress-INPT (Indigenous Nationalist Party of Tripura) alliance was ahead  

NPF leading in Nagaland

 

  News Pick

Hagel confirmed as defence secretary; critics play India card

After a bruising political fight, President Barack Obama finally got Chuck Hagel confirmed as defence secretary by the Senate even as a new controversy erupted over his nominee's "distorted views" on India. The final 58-41 vote fell nearly down party lines, with only four Republicans voting for  

Rajya Sabha adopts motion for JPC probe into chopper deal

After a walkout by several opposition parties, the Rajya Sabha Wednesday adopted a motion for the setting up of a joint parliamentary committee to probe the deal for purchase of VVIP helicopters.  

Cops throw old couple off moving train, woman dead

In a shocking incident, an elderly woman was killed and her husband wounded when the couple was thrown out of a moving train by government railway police (GRP) personnel for boarding the wrong train, police   

Press council chief urged to take action against bias media, stop Media trial

Gen. Secretary of Civil Liberties Monitoring Committee Lateef Mohammed Khan in an open letter sent to the Press Council Chief, Justice (Rtrd.) Markandey Katju has urged  

 

Picture of the Day

Paratroopers in formation of Akashganga during the Indian Air Force Fire Power demonstration Exercise 'Iron Fist 2013' at Pokharan, Jaisalmer, Rajasthan on February 22, 2013.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.