Narendra modi history

Narendra Modi is present Chief Minister of Gujarat State, he is one of the non corrupt politician in India .

Narendra modi is only responsible for the high development of Gujarat state, to which all india is proud of it .

He was born in a middle class family in Vadnagar. He is a member of the Rashtriya Swayamsevak Sangh (RSS) since childhood, and also an active politician since early in life. He holds a master’s degree in political science. In 1998, he was chosen by L. K. Advani, the leader of the Bharatiya Janata Party (BJP), to direct the election campaign in Gujarat as well as Himachal Pradesh.

Works Done by Narendra Modi .

a Chief Minister, Modi started various ‘yojanas’ or plans. This includes:

• Panchamrut Yojana, a five-pronged strategy for an integrated development of the state,
• Sujalam Sufalam, a scheme to create a grid of water resources in Gujarat in an innovative step towards water conservation and its appropriate utilization.
• Krishi Mahotsav – agricultural research labs for the land
• Chiranjeevi Yojana – To reduce infant mortality rate
• Matru Vandana – Providing preventive and curative services under the Reproductive and Child Health Programme
• Beti Bachao – Campaign against female infanticide to improve sex ratio
• Jyotigram Yojana – Provide electricity to every village
• Karmayogi Abhiyan – To educate and train government employees
• Kanya Kelavani Yojana – To encourage female literacy and education
• Balbhog Yojana – Midday meal scheme for students to encourage school attendance from poor backgrounds.

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Posted in: politics

ipad-3 tech specification

Models
Size and Weight1	Height: 9.50 inches (241.2 mm) Width: 7.31 inches (185.7 mm) Depth: 0.37 inch (9.4 mm) Weight: 1.44 pounds (652 g)	Height: 9.50 inches (241.2 mm) Width: 7.31 inches (185.7 mm) Depth: 0.37 inch (9.4 mm) Weight: 1.46 pounds (662 g)
Storage2	16GB 32GB 64GB	16GB 32GB 64GB
Display	Retina display 9.7-inch (diagonal) LED-backlit glossy widescreen Multi-Touch display with IPS technology 2048-by-1536-pixel resolution at 264 pixels per inch (ppi) Fingerprint-resistant oleophobic coating Support for display of multiple languages and characters simultaneously
Chip	Dual-core Apple A5X custom-designed, high-performance, low-power system-on-a-chip with quad-core graphics
Wireless and Cellular	Wi-Fi (802.11a/b/g/n) Bluetooth 4.0 technology	Wi-Fi (802.11a/b/g/n) Bluetooth 4.0 technology Wi-Fi + 4G for AT&T model: 4G LTE (700, 2100 MHz)3; UMTS/HSPA/HSPA+/DC-HSDPA (850, 900, 1900, 2100 MHz); GSM/EDGE (850, 900, 1800, 1900 MHz) Wi-Fi + 4G for Verizon model: 4G LTE (700 MHz)3; CDMA EV-DO Rev. A (800, 1900 MHz); UMTS/HSPA/HSPA+/DC-HSDPA (850, 900, 1900, 2100 MHz); GSM/EDGE (850, 900, 1800, 1900 MHz) Data only4
Carriers
Cameras, Photos, and Video Recording	5-megapixel iSight camera Autofocus Tap to focus Face detection in still images Video recording, HD (1080p) up to 30 frames per second with audio Video stabilization FaceTime camera with VGA-quality photos and video at up to 30 frames per second Photo and video geotagging
Battery and Power5	Built-in 42.5-watt-hour rechargeable lithium-polymer battery Up to 10 hours of surfing the web on Wi-Fi, watching video, or listening to music Charging via power adapter or USB to computer system	Built-in 42.5-watt-hour rechargeable lithium-polymer battery Up to 10 hours of surfing the web on Wi-Fi, watching video, or listening to music Up to 9 hours of surfing the web using cellular data network Charging via power adapter or USB to computer system
Input and Output	30-pin dock connector port 3.5-mm stereo headphone minijack Built-in speaker Microphone	30-pin dock connector port 3.5-mm stereo headphone minijack Built-in speaker Microphone Micro-SIM card tray
Sensors	Accelerometer Ambient light sensor Gyroscope
Location	Wi-Fi Digital compass	Wi-Fi Digital compass Assisted GPS Cellular
Audio Playback	Frequency response: 20Hz to 20,000Hz Audio formats supported: HE-AAC (V1 and V2), AAC (8 to 320 Kbps), Protected AAC (from iTunes Store), MP3 (8 to 320 Kbps), MP3 VBR, Audible (formats 2, 3, and 4, Audible Enhanced Audio, AAX, and AAX+), Apple Lossless, AIFF, and WAV User-configurable maximum volume limit Dolby Digital 5.1 surround sound pass-through with Apple Digital AV Adapter (sold separately)
TV and Video	AirPlay Mirroring to Apple TV (2nd and 3rd generation) at 720p AirPlay video streaming to Apple TV (3rd generation) at up to 1080p and Apple TV (2nd generation) at up to 720p Video mirroring and video out support: Up to 1080p with Apple Digital AV Adapter or Apple VGA Adapter (adapters sold separately) Video out support at 576i and 480i with Apple Composite AV Cable (cable sold separately) Video formats supported: H.264 video up to 1080p, 30 frames per second, High Profile level 4.1 with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats; MPEG-4 video up to 2.5 Mbps, 640 by 480 pixels, 30 frames per second, Simple Profile with AAC-LC audio up to 160 Kbps per channel, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats; Motion JPEG (M-JPEG) up to 35 Mbps, 1280 by 720 pixels, 30 frames per second, audio in ulaw, PCM stereo audio in .avi file format
Mail Attachment Support	Viewable document types: .jpg, .tiff, .gif (images); .doc and .docx (Microsoft Word); .htm and .html (web pages); .key (Keynote); .numbers (Numbers); .pages (Pages); .pdf (Preview and Adobe Acrobat); .ppt and .pptx (Microsoft PowerPoint); .txt (text); .rtf (rich text format); .vcf (contact information); .xls and .xlsx (Microsoft Excel)
Languages	Language support for English (U.S.), English (UK), Chinese (Simplified), Chinese (Traditional), French, German, Italian, Japanese, Korean, Spanish, Arabic, Catalan, Croatian, Czech, Danish, Dutch, Finnish, Greek, Hebrew, Hungarian, Indonesian, Malay, Norwegian, Polish, Portuguese, Portuguese (Brazil), Romanian, Russian, Slovak, Swedish, Thai, Turkish, Ukrainian, Vietnamese Keyboard support for English (U.S.), English (UK), Chinese - Simplified (Handwriting, Pinyin, Stroke), Chinese - Traditional (Handwriting, Pinyin, Zhuyin, Cangjie, Stroke), French, French (Canadian), French (Switzerland), German (Germany), German (Switzerland), Italian, Japanese (Romaji, Kana), Korean, Spanish, Arabic, Bulgarian, Catalan, Cherokee, Croatian, Czech, Danish, Dutch, Emoji, Estonian, Finnish, Flemish, Greek, Hawaiian, Hebrew, Hindi, Hungarian, Icelandic, Indonesian, Latvian, Lithuanian, Macedonian, Malay, Norwegian, Polish, Portuguese, Portuguese (Brazil), Romanian, Russian, Serbian (Cyrillic/Latin), Slovak, Swedish, Thai, Tibetan, Turkish, Ukrainian, Vietnamese Dictionary support (enables predictive text and autocorrect) for English (U.S.), English (UK), Chinese (Simplified), Chinese (Traditional), French, French (Canadian), French (Switzerland), German, Italian, Japanese (Romaji, Kana), Korean, Spanish, Arabic, Catalan, Cherokee, Croatian, Czech, Danish, Dutch, Estonian, Finnish, Flemish, Greek, Hawaiian, Hebrew, Hindi, Hungarian, Indonesian, Latvian, Lithuanian, Malay, Norwegian, Polish, Portuguese, Portuguese (Brazil), Romanian, Russian, Slovak, Swedish, Thai, Turkish, Ukrainian, Vietnamese Dictation support for English (U.S., UK, and Australian), French, German, Japanese
Accessibility	VoiceOver screen reader Support for playback of closed-captioned content AssistiveTouch interface for adaptive accessories Full-screen zoom magnification Large fonts White on black display Left/right volume adjustment
Environmental Requirements	Operating temperature: 32° to 95° F (0° to 35° C) Nonoperating temperature: -4° to 113° F (-20° to 45° C) Relative humidity: 5% to 95% noncondensing Maximum operating altitude: 10,000 feet (3000 m)
System Requirements	Apple ID (required for some features) Internet access6 Syncing with iTunes on a Mac or PC requires: Mac: OS X v10.5.8 or later PC: Windows 7; Windows Vista; or Windows XP Home or Professional with Service Pack 3 or later iTunes 10.6 or later (free download from www.itunes.com/download)
In the Box	iPad Dock Connector to USB Cable 10W USB Power Adapter Documentation
Built-in Apps	Safari Photos App Store Maps Photo Booth Reminders Camera

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Posted in: apple,ipad

Airtel-bill-will-high

 

Bills for mobile phones are expected to rise following a two percent hike in service tax, Bharti Airtel said.

 NEW DELHI: Bills for mobile phones are expected to rise following a two percent hike in service tax proposed in the union budget, service provider Bharti Airtel said Friday.

"Service tax goes up from 10 to 12 percent and obviously that will be passed on to the customers," Sanjay Kapoor, Bharti Airtel chief executive officer for India and South Asia, said.

He said the budget did not contain anything specific for the telecom sector, which is awaiting the new National Telecom Policy (NTP) scheduled to be announced in June.

"On an overall basis, there is nothing that changes the fortunes of the telecom company. They have got more on stake on the telecom policy per se which we are expecting to follow the budget."

The new NTP is expected to do away with roaming charges and implement one nation full mobile number portability (MNP), besides providing telecom the status of an infrastructure sector, which will help ease credit flows to companies for funding rollout plans or expansion activities.

Finance Minister Pranab Mukherjee Friday proposed to raise the service tax to 12 percent from the existing 10 percent while presenting the budget for 2012-13, adding that a few essential services such as education will be exempted from the service tax.

Kapoor also said that the telecom sector was already being heavily taxed on an overall consumption perspective.

"About 30 percent of what customers pays to a telecom company goes in some sort of taxation or the other and I am not talking about indirect taxation which is income tax," Kapoor said.

"Now when you increase the service service tax it is obviously a further enhancement of those levies for the industry," he added.

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Posted in: airtel

Budget 2012 OVERVIEW india

 

Finance Minister Pranab Mukherjee on Friday announced marginal tax reliefs for individual tax payers. Presenting Union Budget 2012-13 in Lok Sabha, Mukherjee said income upto Rs 2 lakh would be tax free; income from Rs 2 to 5 lakh would be taxed at 10%; from Rs 5 to 10 lakh at 20%; and income above Rs 10 lakh would attract tax of 30%.

In other tax measures, Mukherjee announced that interest from savings account up to Rs 10,000 would be tax free. Also, apart from medical insurance, an additional Rs 5,000 would be exempted for preventive health check-ups.

Senior Citizens have been exempted from filing advance tax.

Meanwhile, Service Tax has been hiked from 10% to 12%. Also, its net has been widened and all services barring 17 would now be taxed. Corporate Tax structure has been left unchanged.

Mukherjee earlier said India continues to remain among front-runners in economic growth. Mukherjee however said the economic growth is estimated at 6.9 percent during the current fiscal year which was "disappointing". The Finance Minister also exuded confidence that headline inflation would moderate in the next few months and remain stable.

Income Tax


• Tax collection up 15%
  
  Income Tax proposals:
  
• Personal Income Tax slabs for individuals relaxed
  
• Exemption limit enhanced from Rs 1.8 lakh to Rs 2 lakh
  
• Upper limit of 20% tax raised from Rs 8 lakh to Rs 10 lakh
  
  New Slabs as follows:
  
• Upto Rs 2 lakh - Nil
  
• Rs 2-5 lakh - 10%
  
• Rs 5–10 lakh – 20%
  
• Above Rs 10 lakh – 30%
  
• Interest from savings account up to Rs 10,000 to be exempt from tax
  
• In addition to medical insurance, an additional Rs 5000 to be exempted for preventive health check-ups
  
• Senior Citizens exempted from filing advance tax
  
• Compulsory reporting of assets sold abroad
  
  Corporate Tax
  
• Corporate Tax structure left unchanged
  
• Withholding tax on certain overseas borrowings reduced to 5% from 20%
  
• Securities Transaction Tax cut by 20% for stock market orders
  
  Service Tax
  
• Service Tax rate up from 10% to 12%
  
• Higher Service Tax to add Rs 186.6 bn in revenue
  
• Duty-free baggage allowance for Indians increased to Rs 35,000
  
• Duty-free baggage allowance for children increased to Rs 15,000
  
  Proposal to tax all services except negative list
  
  Exempted services include:
  
• Government services
  
• Pre-school, school education, recognised education at higher levels and approved vocational education
  
• Renting of residential dwellings, entertainment and amusement services to be exempt
  
• Public transportation to be exempt from service tax
  
• Agricultural activities and animal husbandry to be exempt from service tax
  
• Health care
  
• Charities, religious persons
  
• Sportspersons
  
• Performing artists in folk and classical arts
  
• Individual advocates providing services to non-business entities
  
• Independent journalists
  
• Services related with animal care and car parking
  
• Services of business facilitators and correspondents to banks and insurance companies
  
• Construction services relating to specified infrastructure, canals, irrigation works, post-harvest infrastructure, residential dwelling, and low-cost mass housing up to an area of 60 sq. mtr.
  
• Exemption for the monthly charges payable by a member to a housing society up from Rs 3,000 to Rs 5,000
  
• Industry related with cinematographic films
  
• To set up a Study Team to examine the possibility of a common tax code for service tax and central excise
  
• New scheme to simplify refunds
  
  Indirect Taxes
  
  Other Indirect Taxes
  
• Standard Excise duty raised from 10% to 12 %
  
• Merit Excise duty raised from 5% to 6 %
  
• Lower merit rate raised from 1% to 2 %
  
• Lower merit rate for coal, fertilisers, mobile phones and precious metal jewellery retained at 1%
  
• Excise duty on large cars up from 22% to 24%
  
• Customs duty cut to 2.5% on sugarcane planter, root or tuber crop harvesting machine and rotary tiller and weeder
  
• Customs duty cut to 5% on specified coffee plantation and processing machinery
  
• To extend project import benefit to green house and protected cultivation for horticulture and floriculture
  
• Customs duty cut to 5 % on some water soluble fertilisers and liquid fertilisers
  
• Customs duty cut to 2.5 % on urea
  
• To extend concessional import duty for Mechanised Handling Systems and Pallet Racking Systems in mandis or warehouses for horticultural produce
  
• Imports of equipment for initial setting up or expansion of fertiliser projects fully exempt for three years
  
• Steam coal fully exempt, concessional CVD of 1% for two years
  
• Natural Gas and Liquified Natural Gas exempt
  
• Uranium concentrate, Sintered Uranium Dioxide in natural and pellet form exempt
  
• Customs Duty on Mining machinery cut to 2.5%
  
• Customs Duty on Railways safety equipment cut to 7.5%
  
• Import Duty on road, tunnel boring equipment fully exempt
  
• Parts of aircraft, testing equipment and tyres exempt
  
• Customs Duty on coating material for manufacture of electrical steel cut to 5 %
  
• Nickel ore and concentrate and nickel oxide/ hydroxide fully exempt
  
• Customs Duty on non-alloy, flat-rolled up at 7.5%
  
• Automatic shuttle-less looms fully exempt
  
• Automatic silk reeling and processing machinery fully exempt
  
• Second-hand textile machinery to attract basic duty of 7.5 %
  
• Duty on wool waste and wool tops cut to 5%
  
• Duty on Titanium dioxide cut to 7.5%
  
• Aramid yarn and fabric used for the manufacture of bullet proof helmets fully exempt
  
• Duty on branded ready-made garments with up at 12 %
  
• Waste Paper fully exempt
  
• LCD and LED TV panels fully exempt
  
• Memory card for mobile phones fully exempt
  
• Duty on Adult diapers cut to 5%
  
• Duty on bicycles increased to 30%
  
• Duty on bicycle parts increased to 20%
  
• Excise Duty on hand-made matches cut to 6%
  
• Six specified life-saving drugs/ vaccines for HIV-AIDS, renal cancer etc fully exempt
  
• Customs Duty on Soya protein concentrate and isolated soya protein cut to 15% and 10% respectively
  
• Iodised salt to have concessional basic customs duty of 2.5%
  
• Customs Duty on Probiotics cut to 5%
  
• Solar energy equipment to be fully exempt
  
• Excise duty on LED lamps cut to 6 %
  
• Hybrid vehicle batteries to be fully exempt
  
• Customs duty on gold bars, gold coins increased to 4%
  
• Customs duty on non-standard gold increased to 10%
  
• Customs duty on platinum increased to 4%
  
• Basic duty on gold ore, concentrate and dore bars increased to 2%
  
• Excise duty on refined gold increased to 3 %
  
• Polished, coloured gem stones to attract 2% duty
  
• Excise duty on cigarettes to attract ad valorem component of 10% on existing rates
  
• Excise duty on hand-rolled bidis increased to 10 per thousand
  
• Excise duty on machine-rolled bidis increased to `21 per thousand
  
• Duty increased on pan masala, gutkha, chewing tobacco, unmanufactured tobacco and zarda scented tobacco in pouches
  
• Cess on Crude petroleum oil increased to `4,500 per metric tonne
  
• Customs Duty on large cars/ MUVs/ SUVs with value exceeding USD 40,000 enhanced from 60 per cent to 75 per cent ad valorem
  
• Packaged cement to have unified rate of 12 % + `120 PMT for non-mini cement plants and 6 % + `120 PMT for mini-cement plants
  
• Non-branded jewellery to attract excise duty of 1%
  
• Branded silver jewellery fully exempt
  
• Building of commercial vehicle bodies to attract an ad valorem rate of 3%
  
  Tax Reforms
  
  
• Advanced pricing agreement in DTC to be in Financial Bill
  
• New tax exemption on individual share invest with lock-in
  
• GST network to get operational from Aug
  
• GST under progress, talks on with states for drafting law
  
• To examine parliamentary panel report on Direct Tax Code
  
• Rajiv Gandhi Equity Saving Scheme launched
  
• Rajiv plan equity invest lock-in period to be 3 years
  
• Rs 50000 tax exempt for share invest in new Rajiv plan
  
• Tax exemption on individual share invest below a million rupees
  
• Tax free infra bonds Rs 600 bn to be issues FY 13
  
• To allow Rs 100 bn NHAI tax free bonds FY 13
  
• To allow Rs 100 bn IRFC tax free bonds in FY 13
  
• To allow Rs 50 bn HUDCO tax free bonds FY 13
  
• To allow Rs 50 bn SIDBI tax free bonds FY 13
  
• To allow Rs 100 bn power sector tax free bonds FY 13
  
• To okay Rs 50 bn National Housing Bank tax free bonds
  
• 1% loan sop plan for home loans up to Rs 2.5 mn
  
• Interest subvention on low cost homes extended by a year
  
  Growth & Divestment
  
  
• Past year was supposed to be year of recovery
  
• This year’s performance turned out to be disappointing
  
• We were facing several challenges; global situation a dampener
  
• GDP estimated to grow 6.9% in 2011-12
  
• FY 13 GDP seen 7.6%, plus or minus 0.25%
  
• Proposes Mid-term fiscal goals
  
• Aim to raise Rs 300 bn through sales of stakes in state run companies next fiscal
  
• Aim to raise Rs 140 bn through sales of stakes in state companies this fiscal
  
• Agri, Services performing well
  
• Industry pulled down growth in past two years
  
• Industry now showing signs of recovery
  
• FY 12 Services growth at 9.4%
  
• FY 12 Industry growth at 3.9%
  
• FY 12 Agri growth at 2.5%
  
• Need to improve supply side of economy
  
• India still front runner in world; share of trade has increased
  
• Crude oil prices to cross USD 115/barrel
  Five main objectives:
  
  
• Focus on domestic demand driven growth recovery
  
• Create conditions for rapid revival of high growth in private investment
  
• Address supply bottlenecks in agriculture, energy and transport sectors, particularly in coal, power, national highways, railways and civil aviation
  
• Intervene decisively to address the problem of malnutrition especially in the 200 high-burden districts
  
• Expedite coordinated implementation of decisions being taken to improve delivery systems, governance, and transparency; and address the problem of black money and corruption in public life
  
  Fiscal Health & Estimates
  
  
• Aim to trim fiscal deficit
  
• To make amendments to Fiscal Responsibility and Budget Management Act (FRBM Act)
  
• Current account deficit 3.6%
  
• Fiscal deficit 5.9% of GDP this FY
  
• Expect fiscal deficit 5.1% of GDP next FY
  
• Concept of effective revenue deficit to be fiscal parameter
  
• Expect gross tax receipts at Rs 10.78 tn next FY, up 15.6%
  
• As a percentage of GDP, gross taxes to be 10.6 % in FY 13
  
• Total spending Rs 14.49 tn next FY
  
• Non-Plan spending Rs 9.69 tn next FY, 8.7% higher than revised estimates
  
• Net tax to Centre in FY 13 at Rs 7.71 tn
  
• Expect non-tax revenue at Rs 1.64 tn next FY
  
• Non-debt Capital Receipts at Rs 416.50 bn
  
• Plan expenditure at Rs 5.21 tn, 18% higher than estimates
  
• Direct tax collection fell short by Rs 320 bn
  
• Total Debt stock at 45.5 % of GDP
  
• Effective Revenue Deficit at Rs 1.85 tn or 1.8% of GDP
  
  Farm & Food
  
  
• Agri to be on govt priority list
  
• To increases outlay for agriculture by 18% to RS 202.08 bn
  
• India to be self sufficient in urea manufacturing in 5 years
  
• Announces 2 new handloom mega clusters
  
• To set up 3 technical assistance centres for textiles
  
• Allot Rs 700 mn for Maharashtra power loom cluster
  
• East Indian states produced 7 mn tones more of paddy
  
• Rs 5 bn pilot plan in 12th plan for geo textiles in NE
  
• Allocated Rs 3 bn for FY 13 irrigation plans
  
• Allot Rs 10 bn to up kharif output in NE FY 13
  
• Allot Rs 4 bn to up kharif output in NE FY 12
  
• Allot 5 bn for aquaculture FY 13
  
• NABARD to give rural banks Rs 100 bn for short term loans
  
• To move bill for NABARD Act amendment
  
• 3% rate subvention for farmers repaying loans on time
  
• Rs 5.75 tn farm credit target in FY 13
  
• Rs 2 bn for R&D of seeds and farm research
  
• Allocation to farm development plan RKVY hiked to Rs 92.17 bn
  
• To set up govt owned irrigation promotion company
  
• To add 5 mn tones grain storage capacity in FY 13
  
• To start national food processing mission in FY 13
  
• Micro-irrigation allotment up 13% to Rs 142.42 bn
  
  Inflation
  
  
• Headline inflation was major cause of concern
  
• Inflation likely to moderate in FY 13
  
• Inflation largely structural in nature
  
• Headline inflation is beginning to stabalize
  
• Prolonged period of high inflation tends to get generalized
  
• Inflation driven by farm supply constraints
  
  Financial Sector & Banks
  
  
• India Opportunity Venture Fund via SIDBI of Rs 50 bn
  
• To issue revised norms for banks priority sector lending
  
• To set up financial holding company for recapitalization of banks
  
• To move National Housing Bank Amendment Bill
  
• To move Regional Rural Bank Amendment Bill
  
• Rs 158.88 bn for capitalization of PSU banks in FY 13
  
• Propose electronic voting to up shareholder involvement
  
• IPOs of over Rs 100 mn to be in electronic form
  
  Infrastructure
  
  
• 12th plan invest for infra at Rs 50 tn
  
• ECBs allowed to part finance rupee debt of power projects
  
• Coal India told to to sign coal supply pacts with power companies
  
• Inter ministerial panel to monitor allocated coal mines
  
• Targetting 8800 km projects under NHDP FY 13
  
• Irrigation including damns under viability gap funding FY 13
  
• Irrigation, fertilizer, terminal market under viability gap funding
  
• Viability gap funding for oil, gas pipelines, storage
  
• Telecom towers to get viability gap funding in FY 13
  
• Inadequate infra strain on growth
  
• Extend plan to capitalize regional rural banks by 2 years
  
• To give Rs 40 bn FY 13 for rural housing V Rs 30 bn in FY 12
  
• Realtors can borrow overseas for low cost home projects
  
• To move bill for Public Debt Management
  
• To allow external commercial loans for affordable homes
  
• Foreign airline investment of 49% under consideration
  
• Budget approves overseas borrowing of upto USD 1 bln for airlines' working capital needs
  
• Budget OKs overseas borrowing for low-cost housing projects
  
• To allow 1 year ECBs of USD 1 bn for airline companies
  
• Allowed direct import of ATF by airlines
  
• Foreign borrow for capex maintain, operate toll roads
  
• Up NHDP allocation 14% to Rs 253.6 bn in FY 13
  
  Subsidy
  
  
• To keep Subsidies under 2% of GDP over next 3 Years
  
• Subsidy for food security to be fully provide for
  
• Some subsidies inevitable
  
• Fiscal policy had to absorb subsidy payments
  
• Aim to directly transfer kerosene subsidy to individuals
  
• Testing kerosene subsidy transfer in Rajasthan
  
• Direct transfer subsidy pilot for 50 districts
  
• Aim to directly transfer subsidy on LPG to consumers
  
• Direct transfer of fertilizer subsidy to retailer, farmers soon
  
• Direct transfer subsidy to be rolled out gradually
  
  Children and Education
  
  
• Allocated Rs 255.55 bn under Right to Education
  
• Integrated Child Development Services (ICDS) scheme to be re-structured
  
• Allocated Rs 158.50 bn for child development in FY 13
  
• Allocated Rs 119.37 bn for mid-day meal plan FY 13
  
• Allocated Rs 7.5 bn for empowerment of adolescent girls
  
• Credit guarantee fund proposed for poor students
  
• Allocated Rs 31.24 bn for secondary education
  
• Rs 250 mn for the Institute of Rural Management, Anand
  
• Rs 500 mn to establish a world-class centre for water quality with focus on `arsenic contamination in Kolkata
  
• Rs 1 bn for Kerala Agricultural University
  
• Rs 500 mn for University of Agricultural Sciences Dharwad, Karnataka
  
• Rs 500 mn for Chaudhary Charan Singh Haryana Agricultural University, Hissar
  
• Rs 500 mn for Orissa University of Agriculture and Technology
  
• Rs 1 bn for Acharya N. G. Ranga Agricultural University in Hyderabad
  
• Rs 150 mn for National Council for Applied Economic Research
  
• Rs 100 mn for Rajiv Gandhi University, Department of Economics, Itanagar
  
• Rs 100 mn for Siddharth Vihar Trust Gulbarga, to establish a Pali language Research Centre
  
  Rural Development
  
  
• Rs 250 mn for rural management institute Anand
  
• Allocated Rs 208.22 bn under rural health plan FY 13
  
• Allocated Rs 120.4 for backward region growth
  
• Allocated Rs 50 bn for warehousing facility FY 13
  
• Allocated Rs 200 bn for rural infra development in FY 13
  
• Allocated Rs 240 bn under rural road project
  
• Allocated Rs 140 bn for rural drinking water
  
• Initiative proposed to strengthen Panchayats
  
  Health
  
  
• No new case of polio
  
• NRHM allocation up Rs 181.15 bn to Rs 208.22 bn
  
• National Urban Health Mission being launched
  
• National Urban Health Mission to focus on primary healthcare needs in urban areas
  
• Seven government medical colleges to be upgraded
  
  Other Highlights
  
  
• India still among front runners in economic growth
  
• Monetary policy was geared towards containing inflation
  
• Need to improve supply side of economy
  
• Past year was supposed to be year of recovery
  
• We were facing several challenges; global situation a dampener
  
• Industry pulled down growth in past two years
  
• Industry now showing signs of recovery
  
• Need to improve supply side of economy
  
• Agriculture to services performed well
  
• Economy now turning around
  
• Manufacturing on cusp of revival
  
• Need to improve micro-economic environment
  
• External trade growth encouraging
  
• India has successfully achieved diversification of import and export market
  
• Diversification has helped overcome global slowdown
  
• Fiscal balance has deteriorated due to increase in direct tax seepages and increased subsidy
  
• Need to take a close look at revenue expenditure, particularly subsidies
  
• Recommendation of task force under Nandan Nilekani has been accepted
  
• Treasury management for CPACs has been enhanced
  
• Rs 30000 cr to be raised via disinvestment
  
• At least 51% stake will remain with the govt
  
• FDI in multi-band retail held in abeyance
  
• Provision for advance pricing agreement included in DTC bill
  
• Reform in financial sector has been pursued to ensure more market intervention
  
• New scheme - Rajiv Gandhi equity scheme - to be introduced
  
• Simplifying process of IPOs
  
• Mandatory for companies to issue stocks over Rs 10 cr through online system
  
• 8 financial amendments bills to be introduced this year
  
• Central Know Your Customer repository would be set up
  
• 70,000 habitations have been provided with banking services
  
• Ultra small branches would be set up
  
• Swabhiman campaign to be extended to habitations with population of 1000 people
  
• Weak RRBs to be recapitalized for another two years
  
• Viability gap funding under PPP is an important factor
  
• Oil and gas and LNG storage and oil gas pipeline, telecom towers will also be made eligible under viability gap finding
  
• The first infra debt fund with a outlay of Rs 8,000 cr has been launched
  
• Tax free infra bonds to be raised to Rs 60,000 cr
  
• Coal India has been advised to sign power purchase agreements with power plants
  
• 8,800 km roads to be covered under NHDP
  
• ERCB for capex of toll system and maintenance
  
• ECB for working capital requirement of aviation industry for a period of 1 year with an upper cap of USD 1 bn
  
• Delhi-Mumbai industrial corridor has made progress
  
• USD 4.5 bn has come Japan for DMIC
  
• ECB for low cost housing
  
• New handloom cluster in Prakasam and Guntur districts of AP and leather cluster in Jharkhand
  
• Power loom mega cluster in Ichalkaranji in Maharashtra
  
• India opportunity venture fund to be launched
  
• 1% interest subvention for homes costing less than Rs 25 lakhs to continue
  
• RKBY under Rs 300 cr for irrigation program
  
• National mission on oil seed and oil palms
  
• Rs 500 cr for aquaculture
  
• Kisan card can be operated from ATMs
  
• Allocation for SC/ST increased to Rs 37,113 crore
  
• Food security a legal entitlement
  
• PDS network being created using AADHAR platform
  
• Multispectral programs to address maternal nutrition to be rolled out in select district
  
• To increases outlay for agriculture by 18% to Rs 202.08 bn
  
• India to be self sufficient in urea manufacturing in 5 years
  
• Foreign borrow for capex to maintain, operate toll roads
  
• Inter ministerial panel to monitor allocated coal mines
  
• To OK Rs 50 bn National Housing Bank tax free bonds
  
• ECBs allowed to part finance rupee debt of power projects
  
• Hike in agri credit by Rs 1 tnh To Rs 5.75 tn next FY
  
• Outlay for agriculture up by 18% to Rs 202.08 bn
  
• Mid-Day meal scheme allocated Rs 11937 cr
  
• Development projects for drought mitigation in Bundelkhand and other select areas Rs 20000 cr
  
• Rs 5000 cr for developing warehousing facility
  
• 6000 schools to be set up at block levels and developed as model schools
  
• National urban health mission launched
  
• Seven more govt medical colleges to be upgraded to AIIMS
  
• Interest subvention of additional 3% on loans upto Rs 3 lakhs to women self help groups - effective rate of 4%
  
• Credit guarantee fund for skill development
  
• Indira Gandhi pension scheme beneficiaries to get Rs 300 pm as against current Rs 200
  
• National population registry project to be completed in the next two years
  
• 14 cr AADHAR number generated
  
• AADHAR is ready for payments under MGNERGA, pension scheme
  
• 82 double tax avoidance agreements have been finalized
  
• 17 tax info sharing agreements has been finalized
  
• Will table white paper on black money
  
• Dedicated information cells to track black money
  
• Allowed direct import of ATF by airlines
  
• Realtors can borrow from overseas for low cost home projects
  
• Gave Rs 40 bn in FY 13 for rural housing Vs Rs 30 bn in FY 12
  
• Announces 2 new handloom mega clusters
  
• To set up 3 technical assistance centres for textiles
  
• Allot Rs 700 mn for Maharashtra power loom cluster
  
• East Indian states produced 7 mn tones more of paddy
  
• Rs 5.75 tn farm credit in FY 13

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Posted in: budget 2012