What was the objective s behind the proposals put forth in the budget 2013-14?

What was the objective s behind the proposals put forth in the budget 2013-14?

In the government of India’s budget for the year 2013-14, the Finance Minister proposed to raise the Goods and Services Tax (GST) on cigarettes. He also proposed to increase income tax on individual earning more than Rupee one crore per annum.

What is India’s total budget 2020?

Total Expenditure: The government is estimated to spend Rs 30,42,230 crore during 2020-21. This is 12.7% more than the revised estimate of 2019-20.

What is the military budget of India in 2021?

Rs 4,78,195.62 crore
“The committee found that the total Defence Budget (including Miscellaneous and Pensions) is Rs 4,78,195.62 crore for the year 2021-22, which is 13.73 percent of total Central Government Expenditure and 2.15 percent of GDP for the year 2021-22.

What is the budget of Indian army?

2020–21. On 1 February 2020, the Finance Minister of India, Nirmala Sitharaman presented the budget. The allocation for defence during the fiscal year 2020-21 stood at ₹4,71,378 crores (US$65.86 Billion). This amounted to an increase of just under 7%.

What is the Union Budget for 2013-14?

The Union Budget for 2013-14 aims at ‘higher growth leading to inclusive and sustainable development.’ With this as mool mantra, the Union Finance Minister Shri P Chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4.8% of GDP.

What is the plan and Non Plan Expenditure in 2013-14?

Plan Expenditure placed at Rs. 5,55,322 crore. It is 33.3 percent of the total expenditure while Non Plan Expenditure is estimated at Rs. 11,09,975 crore. The plan expenditure in 2013-14 will be 29.4 percent more than the RE of the year 2012-13.

What are the revised budget estimates for 2012-13 and 2013-14?

Revised Estimates (RE) of the expenditure in 2012-13 at 96 percent of the Budget Estimates (BE) due to slowdown and austerity measures. During 2013-14, BE of total expenditure of 16,65,297crore and of Plan Expenditure at 5,55,322 crore. Plan Expenditure in 2013-14 to grow at 29.4 percent over Revised Estimates for the current year.

What was the Agri credit target for 2013-14 for India?

Rs 7 lakh crore target fixed for agri credit for 2013—14 compared to Rs 5.75 lakh crore in the current year. Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production. Green revolution in east India significant. Rice output increased in Assam, Odisha, Jharkhand and West Bengal;

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