BUDGET 2008

09/21/08
 Key Features of Budget 2008-2009

§ The Gross Domestic Product increased by

7.5%, 9.4% and 9.6% in first 3 years, of the
UPA Government resulting in an
unprecedented average growth rate of
8.8%.

§ The drivers of growth continue to be

'services' and ‘manufacturing’ which are
estimated to grow at 10.7% and 9.4%
respectively.
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§ Growth rate in agriculture for 2007-08 is

§ Food grain production in 2007-08,
estimated at 219.32 million tones-an all
time record. Rice production at 94.08
million tones, maize at 16.78 million tones,
Soya bean at 9.45 million tones, cotton at
23.38 million bales each, an all time
record.

§ Rashtriya Krishi Vikas Yojana launched with

an outlay of Rs. 25,000 crore, National
Food Security Mission with an outlay of Rs.
4,882 crore under National Policy for
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Farmers in the Eleventh Five Year Plan.

 THE GROWTH STORY

ØAgricultural credit poised to reach

Rs. 2,40,000 crore by March, 2008.

Ø11.4 crore children covered under

Mid Day Meal Scheme, the largest
School Lunch programme in the world.

ØUnder National Rural Health Mission

8,756 primary health centre's have been
made 24x7
under Kasturba Gandhi Balika Vidyalaya Scheme.
Ø1,82,000 girls enrolled in residential schools
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CORPORATE AND BUSINESS
POSITIVE
ü20% INCREASE IN THE TUF PACKAGE FR
TEXTILE INDUSTRIES.
üREDUCTION IN THE AUTOMOBILES
üNOMINAL GROWTH FOR HOTEL &
HOSPITL INDUSTRIES

NEGATIVE
üNO SCOPE FOR SMALL SCALE INDUSTRIES
üNO REDUCTION IN THE CORPORATE TAX
AND SURCHARGE.

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FERTILIZERS
POSITIVE
üZERO % INTEREST LOAN FOR
FARMERS.
üRELIEF IN THE DEBTS.
üLOAN FASCILITY AVAILAIBLE IN
GOVERNMENT AND CORPORATIVE
BANKS.

NEGATIVE
üNO PROVISION FOR SMALL FARMERS

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PHARMA LINE
Growth of hospitals

Allocation for National Rural Health Mission increased by 15%

Rs. 12,050 crores to strengthen health services in rural area

Excise duty on the pharma products to be reduced to 14%

The excise duties on anti-AIDS drugs to be lowered

Rs. 1,042 crores to be allocated for anti-Polio drive

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YOUTH
AUTOMOBILES
ENTERTAINMENT
PROMOTION OF IIT’S
SPORTS GEARS
NON-FILTERED CIGARETTES

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CA ANALYSIS
•The growth rate of the economy has been 8.8%

•Service sector is the key player and expected to grow at 10.7 %

•Tax exemption limit increased from Rs. 1,10,000 to Rs. 1,50,000

•Tax exemption limit for women increased from Rs. 1,45,000 to 1,80,000

•Tax rate for the income bracket Rs. 1,50,000 to 3,00,000 to be 10%

•Tax rate for the income bracket Rs. 3,00,000 to Rs. 5,00,000 to be 20%

•Income above Rs. 5,00,000 to be taxed at 30%

•Exemption limit for the senior citizens to be increased from Rs. 1,95,000 to
2,25,000

•Excise duty on small cars to be 14%

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•Excised duty reduced to 8% on water purification devices

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EK AAM RAI…………….!
POSITIVE NEGATIVE
EDUCATION SECTOR HOUSEHOLD GOODS
HOSPITALITY & HEALTHCARE PETROL
TAX EXEMPTION SHARES AND STOCKS
AUTOMOBILES WHY NOT FILTERED
CIGARETTE.
SHOPPING
ENTERTAINMENT

BAS THEEK THAAK HAI…………….!

09/21/08
It’s a Budget that has been crafted
with an eye on the upcoming
general elections.
NOTE HAI TO VOTE HAI………!

09/21/08