Telecom sector Reaction to the Indian Union Budget, 2012

Posted by
  • Integrated Child Development Scheme to be strengthened and restructured with allocation of Rs.15,850 crore.
  • Allocation of Rs.14,000 crore for rural water supply and sanitation.
  • Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.
  • Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector.
  • Completion of highway projects 44 per cent higher than in previous fiscal.
  • External commercial borrowing of up to $1 billion permitted for airline sector.
  • External commercial borrowings permitted to low-cost housing sector.
  • From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.
  • Hope to raise Rs.30,000 crore from disinvestments.
  • New equity savings scheme to provide for income tax deduction of 50 per cent for those who invest Rs.50,000 in equity and whose annual income is less than Rs.10 lakh.
  • Corporate market reforms to be initiated.
  • Bills on micro-finance institutions, national land bank and public debt management among those to be introduced in 2012-13.
  • Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.
  • India’s inflation structural, driven largely by agricultural constraints.
  • Current account deficit 3.6 per cent in 2011-12; this put pressure on exchange rate.
  • Growth in 2012-13 estimated at 7.6 per cent; expect inflation to be lower.
  • Better monitoring of expenditure on government schemes.
  • Fiscal 2011-12 year of recovery interrupted; reality turned out to be different.
  • GDP growth in 2011-12 estimated at 6.9 per cent; had to battle double digit inflation for two years.
  • Good news: agriculture and services continued to perform well; economy is now turning around; recovery in core sectors.
  • Now at juncture where it is necessary to take hard decisions; have to accelerate pace of reforms

2 comments

  1. I was expecting quite alot from this year’s budget, listen to complete budget but I was very disappointed a the end of the day.

    I was having Net Profit of 1.5 lakh in my equity investments till today but today I suffered a Intra-Day Loss of 25000 due unexpected market crash. I was not excepting much for salary class but was hopeful for corporate sector. I confident about recovering this loss next week.

Comments are closed.