PlanCom proposes 12% hike in gross budgetary support for FY14
Quotes
 

 

HomeNewsBudget ImpactExclusiveTaxRail Budget Celeb Speak Eco Survey
 

PlanCom proposes 12% hike in gross budgetary support for FY14

Last Updated: Wednesday, January 16, 2013, 15:20
 
 Comment 0
 
New Delhi: Planning Commission is believed to have proposed 12 per cent increase in the plan expenditure or gross budgetary support (GBS), which include allocations for social sector schemes like mid-day meal, for 2013-14.

"We have proposed something that is broadly consistent with the 12th Plan. We have not however yet got agreement on what will be approved," Planning Commission Deputy Chairman Montek Singh Ahluwalia said on the sidelines of seventh India Digital Summit here.

According to the Approach Paper to the 12th Plan, the Commission has pegged a plan expenditure of Rs 5.83 lakh crore for 2013-14, which is around 12 per cent more than the budgeted plan expenditure for the current fiscal.

The GBS, Ahluwalia said, would be firmed up in consultation with the Finance Ministry by February 10.

The plan expenditure is the government spending on social sector schemes such as Bharat Nirman, rural employment guarantee and National Rural Health Mission. Besides, it includes Centre's assistance to various states and Union Territories Plans.

The government had approved Rs 5.21 lakh crore GBS for the current fiscal which was 18 per cent higher than the budget estimate of Rs 4.41 crore for 2011-12.

The annual average economic growth rate during the 12th Plan is pegged at 8 per cent which would be slightly higher than 7.9 per cent achieved in the 11th Plan period (2007-12).

The 12th Plan has envisaged total GBS of Rs 35.68 lakh crore during the five year policy period as compared to Rs 15.89 lakh crore realised in the 11th Plan at current prices.

PTI

First Published: Wednesday, January 16, 2013, 15:20

Comments


Post your Comments

Name
Place :
Email :  
Comments :  
 
Other Stories
MSME Sector

P Chidambaram proposed continuing non-tax benefits to these units for three years.

Full Article »

IT-BPO Sector

Clarity on tax issues related to R&D centres in IT soon.

Full Article »

Infrastructure

Big push to infra with Rs 50k cr tax-free bonds, two new ports.

Full Article »

Real Estate Sector

FM raised tax deduction limit by Rs 1 lakh for the first time home buyers.

Full Article »

Auto Sector

Excise duty on SUV will be raised to 30 percent from 27 percent.

Full Article »

More »

Latest Videos
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
rail budget
Rail Minister announced no hike in passenger fares.
know your fm
P Chidambaram- Man of all seasons.
Opinion Poll
How would you see Budget 2013 as?
Pragmatic
Populist
Non-event
 
 
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved