Union Budget 2013-14: Highlights 3

Bangalore: Highlights of budget for 2013-14 presented in the Lok Sabha by Finance Minister P. Chidambaram:

No revision of personal income tax slabs; relief in first bracket through tax credit of 2,000 for earnings up to 5 lakh

Ten percent surcharge on income exceeding 1 crore a year; only 42,800 people have declared such income

Tax Administrative Reforms Commission to be set up

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

1,000 crore allocated for establishing Nirbhaya Fund

Defence allocated 2 lakh 3,672 crore

Cities to be encouraged to promote waste to energy projects

Low interest funds to be provided for promoting clean energy

800 crore provided to promoting wind energy

Capital infusion of 12,570 crore in 13 public sector banks during 2012-13; another 14,000 crore for capital infusion in 2013-14 to meet Basel-3 norms

First exclusive public sector bank for women to be opened by October; 1,000 crore allocated as initial capital

Hope for consensus on bills relating to insurance sector reforms

All public sector bank branches to have ATMs

Act to strengthen SEBI in its silver jubilee year under consideration

Ambiguity between FDI and FII to be removed

Read:
Union Budget 2013-14: Highlights 1
Union Budget 2013-14: Highlights 2