2013 Union budget of India

{{Short description|Government budget}}

{{Use Indian English|date=February 2017}}

{{Use dmy dates|date=March 2022}}

{{ infobox government budget | title = Union Budget of India | year = 2013 | country = India | previous_budget = 2012 Union budget of India | previous_year = 2012 | next_budget = 2014 Interim-Union budget of India | next_year = 2014 (Interim) | image = Emblem_of_India.svg | imagesize = 100px | caption = Emblem of India | submitter = P. Chidambaram, Finance Minister | submitted_to = | date_submitted = 28 February 2013 | presented = | passed = | parliament = | party = INC | minister = | treasurer = | chancellor = | Total_Revenue = | Total_Expenditures = | spending = | tax_cut = | debt_payment = | surplus = | deficit = | debt = | bill = | bill_link = | url = http://www.indiabudget.nic.in Official Site

}}

The 2013 Union Budget of India was presented by Finance Minister, P. Chidambaram on 28 February 2013, 11 AM.{{cite news|title=Union Budget 2013 Highlights: No revision in Income Tax slabs; surcharge on Super Rich|url=http://zeenews.india.com/business/budget-2013/union-budget-2013-highlights-no-revision-in-income-tax-slabs-surcharge-on-super-rich_71159.html|access-date=28 February 2013|newspaper=Zee News|date=28 February 2013}}

Highlights

  • Total expenditure of {{INRConvert|1658000|c|nolink=yes}}
  • Planned defence expenditure of {{INRConvert|203000|c|nolink=yes}}
  • Education expenditure of {{INRConvert|5000|c|nolink=yes}}{{cite web|title=Union Budget 2013: Tech updates|url=https://timesofindia.indiatimes.com/tech/tech-news/software-services/Union-Budget-2013-Tech-updates/articleshow/18724835.cms|archive-url=https://web.archive.org/web/20130729150057/http://articles.timesofindia.indiatimes.com/2013-02-28/software-services/37351038_1_union-budget-fiscal-deficit-tech-updates|url-status=live|archive-date=29 July 2013|work=The Times of India|access-date=3 June 2013}}
  • {{INRConvert|37330|c|nolink=yes}} was allocated for Ministry of Health & Family Welfare in the financial year 2014.
  • {{INRConvert|3511|c|nolink=yes}} allocated to Minority Affairs Ministry.
  • {{INRConvert|4727|c|nolink=yes}} allocated for medical education and research.{{cite news|title=Budget 2013: Highlights|url=http://www.business-standard.com/article/budget/budget-2013-highlights-113022800129_1.html|access-date=28 February 2013|newspaper=Business Standard|location=India|date=28 February 2013}}
  • Allocation of {{INRConvert|1000|c|nolink=yes}} 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 {{INRConvert|2.5|b|nolink=yes}}

=Personal tax=

  • There would be surcharges on the super rich (10% above whose income exceeding {{INRConvert|10|m|nolink=yes}} 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