|
 THE
HIGHLIGHTS
»
Food For Work Programme to be launched in 150
of the poorest districts in the country
»
Agricultural credit to be doubled in the next
three years
»
A 2 per cent education cess levied on all taxes
except sales tax
»
No collateral required for educational loans up
to Rs 7.5 lakh
»
Ambitious scheme to repair, renovate and restore
water bodies linked to agriculture
»
A consortium of seven banks to focus on project
financing in infrastructure sector (value: Rs 40,000 crore)
»
Kochi to get an international container terminal
»
An Investment Commission to attract domestic and
foreign investment to be formed
»
Ceiling on Foreign Direct Investment (FDI) in
civil aviation, telecommunications, and insurance to be raised
»
Equity support of Rs 14,194 crore announced for
public sector companies
»
85 more items taken off list reserved for small
scale industries
»
A new savings scheme carrying a coupon rate of
9 per cent to target senior citizens
»
Individuals earning up to Rs 100,000 to pay no
tax
»
Long-term capital gains tax (for securities) abolished;
turnover tax introduced
»
Service tax net expanded to include 13 more services
|
BUDGET 2004 IN NUMBERS
|
| |
Budget Estimates
|
| REVENUE
RECEIPTS |
3,09,322
|
| TAX REVENUE |
2,33,906
|
| NON-TAX
REVENUE |
75,416
|
| CAPITAL
RECEIPTS |
1,68,507
|
| TOTAL RECEIPTS |
4,77,829
|
| NON-PLAN
EXPENDITURE |
3,32,239
|
| PLAN EXPENDITURE |
1,45,590
|
| TOTAL EXPENDITURE |
4,77,829
|
| REVENUE
DEFICIT |
76,171
2.5 % OF GDP
|
| FISCAL DEFICIT |
1,37,407
4.4 % OF GDP
|
| PRIMARY
DEFICIT |
7,907
0.3 % OF GDP
|
| Source: Budget document |
All figures in Rs crore
|
THINGS THAT WILL COST MORE COME OCTOBER 1
»
Cars
»
Contact lenses and playing cards
»
Vacuum flasks, scented supari, prefabs,
laboratory glassware, B&W TVs, imitation jewellery, »
candles, watches
»
Matches made in the mechanised sector
»
Computers
»
Platinum jewellery
»
Plasma TVs
»
Mobile phones
»
Leather goods and LPG stoves
Things that will cost less come October 1
|
