Highlights of the Delhi Budget - Tax Proposal for FY 2013-14

Highlights of Delhi Budget - Tax Proposals 2013-14

Major Reliefs:-

1.    As a major relief to small traders, the threshold limit for Registration under VAT has been proposed to be raised from Rs. 10 lakh to Rs. 20 lakh.

2.    A new Composition Scheme is to come into effect from April 1, 2013, under which dealers would be allowed to pay a tax based on their overall turnover. This scheme will enable the Works Contract dealers to discharge their tax liability in a simplified and hassle-free manner.

3.    In order to encourage the use of “MALBA” in the manufacturing of tiles and kerbstones, it is proposed to exempt levy of VAT on tiles and kerbstones made from construction “MALBA”.

Highlights of the Railway Budget 2013-14

Here are the highlights of the Rail Budget 2013 as presented by Railway Minister PK Bansal.

Ø  No hike in passenger fares

Ø  Free Wi-Fi to be provided on some trains

Ø  Rs 100 crore for improving stations in New Delhi

Ø  179 escalators and 400 lifts at A 1 and other select stations

Ø  E-ticketing through mobile phones

Ø  SMS alerts for passengers on reservation status

Ø  Next generation e-ticketing system by end of 2013

Ø  Superfast and Tatkal charges to rise

Ø  Annual plan for 2013-14 set at Rs 63,363 crore

Speech of Sh. Pawan Kumar Bansal introducing the Railway Budget, 2013-14 on 26th February 2013

Madam Speaker, I rise to present before this august House the Revised Estimates for 2012-13 and a statement of estimated receipts and expenditure for 2013-14.  I do so with mixed feelings crossing my mind. While I have a feeling of a colossus today, it is only ephemeral and is instantaneously overtaken by a sense of humility. Democracy gives wings to the wingless, cautioning us all the while, that howsoever high or wide our flight may be, we must remain connected to the ground. For giving me this opportunity, I am grateful to the Hon’ble Prime Minister Dr. Manmohan Singh and  the UPA Chairperson, Smt. Sonia Gandhi and pay my homage to the sacred memory of Sh. Rajiv Gandhi who introduced me to the portals of this highest Temple of Indian democracy.