Ppt on main of 2018unionbudget-AJAY.pptx

Ppt on unionbudget 2018

1. S.I.C.E.S DREGEE COLLEGE OF ARTS AND COMMERCE STREAM :- SY BMS SUBMITTED BY :- AJAY NITIN BANGLURKAR (17020) SUBMITTED TO :- ASST.PROF. AMOL KADAM SIR

2. WHAT IS UNION BUDGET? The budget is the annual announcement of the government’s fiscal policy changes. It announce the tax changes proposed for the following tax year and also how the government plan to spend the revenue. - It is an instrument for fulfilling the obligations of the states It is a political statement of the priorities set by the government. It shows the financial transaction of the year.

3. Economic Survey

4. It talks about the state of the economy while concentrating on selected economic indicators such as:- State of the Economy Challenges and policy response. Fiscal Developments and Public Finance. Price and Monetary management. Industrial Production. Agriculture & Food management. Energy, Infrastructure and Communication. Poverty and Human development. Financial Intermediate and Markets.

5. The growth of industrial sector started to slowdown in the first half of 2007-08. Overall growth during the year remained as high as 8.5%. The year 2008-09 thus closed with the industrial growth at only 2.4% as per the index of industrial production(IIP). INDUSTRY

6. The performance of the agricultural sector influence the growth of Indian economy. Agricultural sector contributed 12.2% of national exports in 2007-08. Agricultural accounted for 17.8% of the GDP in 2007-08 as compared to 21.7% in 2003-04. AGRICULTURE AND FOOD MANAGEMENT

7. AGRICULTURE Target for agriculture credit are Rs.3,25,000 crore for year 2009-10. For farmers loans upto 3 lakh at 7% p.a. Agriculture sector has grown by 2.4%. Record rice production at 98.04 million tonnes. 14 national agricultural projects approved. Central assistance for storm water drainage project increase to Rs.500 crore from 200 crore. Rajeev Gandhi Krishi vikas yojana allocation up by 30%.

8. Overall plan expenditure for education sector in budget 2009-10 is 3.25 lakh crore. This is 34% up from the previous year. 2,113 crore to set upto more IITs and IIMs. Interest subsidy on loans for higher education. Rs. 827 crore allocated for opening one central university in each uncovered state. Spending on higher education raised to Rs.2010 crore. EDUCATION

9. Bio-diesel custom duty lowered. To develop and set up national gas grid. Domestic oil prices should be in sync with global crude. Tax incentives will be provided on capital expenditure on the laying and operating of cross country natural gas, crude or in pipe line networks for excise duty on naphtha reduced to 14%. O II L A N D G A S

10. In National Rural Health Mission(NRHM) to increase of Rs.2,057 crore. Pradhan Mantri Adarsh Gram Yojna has been initiated for integrated development of 1000 villages allocation Rs.100 crore. Allocation under Rajiv Gandhi Gram Vidyutikaran yojna is up by 27% to Rs.7000 crore. Expenditure on Indira Awas Yojna by 63% to Rs.8800 crore. RURAL DEVELOPMENT

11. Surcharge of 10% on personal income tax removed. Custom duty reduced from 10% to5% on 10 specific life saving drugs. Excise duty on branded articles of jewellery to be reduced from 2% to nil. Excise duty on special boiling point spirit to be reduced to 14%. TAX

12. All BPL families to be covered under Rashtriya Swasthya Bima Yojana(RSBY). Allocation under RSBY increased by 40% over previous allocation to Rs.350 crore in 2009-10. Allocation under National Rural Health Mission increase by Rs.2057 crore. HEALTH

13. In Commonwealth games 2010 outlay to be stepped up from Rs.2112 crore in Interim Budget to Rs.3472 crore in regular budget 2009-10. Allocation under Accelerated power development and reform programme increase by 16% to Rs.2080 crore. S P O R T A N D P O W ER

14. RAILWAY BUDGET

15. Railways has generated the revenue of 90,000 crore in last 5 years. The India Railway has expenditure 81685 crore. Development of Rail facility in Jammu and Kashmir. HIGHLIGHTS OF RAILWAY BUDGET

16. The r e ha v e be en m ut e d references t o di s in v es tmen t and banking reforms. The FDI scenario has been left largely unchanged while reforms in the education and insurance sector have not been mentioned extensively. On the positive side this budget has been very good to the rural sector and this is the single biggest impact of this budget. The National Rural Employment Guarantee Scheme has been allotted more funds to make it a bigger success. CONCLUSION

17. THANK YOU