| Union
Budget |
|
|
|
| |
|
|
| |
|
Highlights of the Union Budget 2006-07
|
| |
|
Budget aims at ensuring a high growth rate
Focus on the common man
Major thrust on taking forward the agenda of NCMP
Plan expenditure up by 20.4 per cent
Total revenue receipts estimated at Rs.4,03,465 crore
Revenue deficit to be 2.1 per cent of GDP and fiscal deficit
estimated at 3.8 per cent of GDP
Budgetary support to Bharat Nirman increased by 54 per cent
Rs.12,041 crore allocated for North-Eastern region
1,50,000 additional teachers and 5,00,000 additional classrooms
to be added under Sarva Siksha Abhiyan
Rs.4,813 crore for mid-day meal scheme
Provision for Rajiv Gandhi National drinking water mission
increased to Rs.4,680 crore
Rural sanitation campaign to have an outlay of Rs.720 crore
National rural health mission allocation increased to Rs.8,207
crore
Total allocation for rural employment to be Rs.14,300 crore
Increase of Rs.6,000 crore in defence allocation
Rs.28,737 crore for programmes for the benefit of women and
children
A separate statement on the schemes for scheduled castes and
scheduled tribes
A number of schemes for the welfare of the minorities
Incentives for education of girls from SC, ST, OBC and minority
communities
An expert body to be constituted for developing India as a hub
for gems and jewellery industry
Major thrust to agriculture sector
Irrigation outlay increased to Rs..7,121 crore
Relief to farmers availing crop loans from scheduled commercial
banks
Corpus of rural infrastructure development fund to be increased
to Rs.10,000 crore
Major thrust to manufacturing industries like textiles, food
processing, leather, petroleum and chemicals
Plan allocation for tourism increased to Rs.830 crore
Emphasis on telecommunication, power, coal, road transport and
other components of infrastructure sector
Big boost to financial sectors
Custom duty reduced on a number of items
Aerated drinks and small cars to have reduced excise duty of 16
per cent
Service tax net widened
No change in the rates of personal income tax or corporate
income tax ? no new tax imposed
Fringe benefit tax rationalised in certain cases
Direct tax proposals to yield a gain of Rs.4,000 crore
Indirect taxes to bring Rs.2,000 crore gain
Tax expenditure statement ? a new innovation
Tax administration to be modernised
|
|
|
| |
|
|
|
|
|
|
|
