The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’.
· Finance Minister makes three promises: to women, youth and the poor.
· Nirbhaya Fund to empower women and to keep them safe and secure.
· Proposal to set up India’s first Women’s Bank as a public sector bank.
· Rs. 1,000 crore for skill development of ten lakh youth to enhance their employability and productivity.
· Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government.
· Fiscal Deficit for 2013-14 is pegged at 4.8 percent of GDP. The Revenue Deficit will be 3.3 percent for the same period.
· Plan Expenditure placed at Rs. 5,55,322 crore. It is 33.3 percent of the total expenditure while Non Plan Expenditure is estimated at Rs. 11,09,975 crore. The plan expenditure in 2013-14 will be 29.4 percent more than the RE of the current year i.e. 2012-13.
