The Budget 2012-13 (Paperback) by Taxmann

Book Summary of The Budget 2012-13

Copy of Finance Minister’s speech delivered in the Lok Sabha on 16-3-2011 will be incorporated in "The Budget-2012-13".

"The Budget 2012-13" will also contain Finance Bill 2012-13, Notes and clauses on Finance Bill 2012 and Memorandum explaining provisions of Finance Bill 2012.

This shall be a preserve able copy of The Union Budget on the provisions of Direct and Indirect Taxation.

 

CLICK HERE to Buy/Preorder The Budget 2012-13 (Paperback) by Taxmann with Great Discounts! (with an option to pay Cash on Delivery)

Union Railway Minister Dinesh Trivedi presents his maiden Railway Budget 2012-13 in the Lok Sabha. Outline about this budget:

•     Hike of 10 paise per km for third AC passengers.
•     Sleeper class passengers to pay 5 paise more per km.
•     First AC fare hiked by 20 paise per km.
•     2 paise per km hike for 2nd class suburban trains.
•     2AC passengers to pay 15 paise more per km.
•     3 paisa per km for mail and express trains.
•     Platform ticket hiked to Rs.5. It earlier cost Rs.3.
•     2-30 paise fare hike proposed in different classes.
•     Independent tariff authority suggested; needs serious debate; experts panel established; decision after debate in Parliament.
•     Fare hike proposed. First since 2003.
•     GRP/RPF personnel deployed on 3,500 trains.
•     Free travel by Rajdhani express for Arjuna awardees.
•     Rail Khel Ratna awards to be given to rail sportspersons every year.
•     Railway Board to be restructured, two more members to be included.
•     Dedicated railway design wing at National Institute of Design with a contribution of Rs.10 crore.
•     New passenger services: 820 new items; 75 new express trains; 21 new passenger trains; 75 new services in Mumbai suburban system.
•     Targeting freight carriage of 1,025 million tonnes to bring in Rs.89,339 crore; passenger earnings estimated at Rs.36,073 crore; gross receipts estimated at Rs.1.32 lakh crore.
•     Guru Parikarma special trains to cover Sikh pilgrimage centres of Amritsar, Patna and Nanded.
•     Separate trains to run for wait-listed passengers.
•     Excess of Rs.1,492 crore after meeting expenses/dividend payments not adequate for meeting costs of several projects.
•     Special housekeeping body to be set up to maintain stations and trains.
•     Passenger amenities to be given Rs.1,112 crore in 2012-13 as against Rs.762 crore in current year.
•     Indian railways passing through a difficult phase.
•     Improvement of passenger amenities at a cost of Rs.1,112 crore; regional cuisines to be introduced.
•     World Bank funding of R 6,500 crore firmed up for dedicated freight corridors; land acquired for 3,300 km; first contracts to be handed out during 2012-13.
•     Standard of hygiene needs to be improved substantially; all out efforts will be made on this in the next six months; duty bound to provide high standard of services; special housekeeping body to be set up for stations and trains
•     One lakh people to be recruited in 2012.
•     Corrosion from night soil being discharged from toilets on tracks costs Rs.350 crore annually; green toilets to be installed in 2,500 coaches in the next one year.
•     Electric loco plant in Chhapra to be commissioned soon.
•     750 km tracks to be converted in double lines.
•     Eco-friendly toilets to replace openly discharged ones.
•     Tickets will be sold at post offices also.
•     Garib Raths to have one special AC coach for differently-abled commuters.
•     2100 specially designed coaches manufactured to meet needs of the differently abled; aim to provide one such coach in each express train.
•     Upgradation of 929 stations.
•     1000 new stations to be set up through public-private partnership.
•     Electrification to be undertaken over 6,500 km at an allocation of Rs.8,000 crore during 12th Plan.
•     Conversion from DC to AC power supply completed in Western Railway corridor of Mumbai suburban rail system; conversion of Central Railway corridor to be completed in 2012-13.
•     The government should consider dividend payback to railways.
•     Thirty-one projects over 5,000 km being implemented with state govenments sharing costs.
•     Have to make Indian Railways among the best in the world.
•     Signalling system to be modernised with advanced features.
•     Elevated corridor from Churchgate to Virar in Mumbai being firmed up.
•     12 car trains to run for Navi Mumbai.
•     1500 new coaches for Mumbai local trains.
•     825 km of railway tracks to be transformed into broad gauge.
•     Train protection warning system on 3000 km of tracks.
•     Extension of Kolkata Metro continues to be on track.
•     Railways expect gross budgetary support of Rs.2.5 lakh crore during 12th Plan.
•     Improvements to railway stations can provide employment to 50,000 people.
•     New tracks proposed for tribal areas.
•     Four rail factories to be set up in Kerala.
•     Capacity augmentation to get Rs.4,410 crore during 2012-13.
•     Eighty-five new line projects to be taken up during 2012-13.
•     One hundred and fourteen new line surveys to be undertaken during 2012-13.
•     New line projects to get Rs.6,870 crore in 2012-13.
•     Gauge conversion to be undertaken over 800 km with an allocation of Rs.1,950 crore.
•     Focus during next five years on five areas: tracks, bridges, signalling, rolling stock and stations.
•     Investment of Rs.1.70 lakh crore on rolling stock in next five years.
•     New railway corporation to maintain and develop stations.
•     19,000 km of railway tracks to be modernised.
•     Rs.39,110 cr needed over next 5 years to fund rail safety.
•     New wagons with higher uploads need to be introduced.
•     Railways will require Rs.14 lakh crore in the next 10 years for modernisation.
•     Aim to bring down operating ratio from 90 per cent to 84.9 per cent in 2012-13 and to 72 per cent by 2016-17.
•     Time has come for formulating national policy for railways on the lines of that for defence and external affairs.
•     Railways should grow at 10 per cent annually for sustained GDP growth.
•     Railways must attract 10 per cent of the Rs.20 lakh crore government expects to spend on infrastructure during 12th Plan.
•     Railways should contribute 2 per cent of GDP from the present one per cent.
•     Attempt to increase train speeds to 160 kmph; journey time from New Delhi to Kolkata can be brought down to 14 hours from 17 hours..
•     Upgradation of coaches to be focussed upon for next 5 years.
•     Train approaching warning systems to be initiated to prevent collision of trains.
•     Rs.14 lakh crore needed in next 10 yrs for modernisation.
•     Need Rs.2.5 lakh cr to build better infrastructure.
•     Planned outlay highest ever for Railway.
•     Outlay of Rs.60,100 crore during 2012-13, the highest ever.
•     Have kept everyone demands in mind in this Railway Budget.
•     Rs.5.5 lakh crore to connect rural areas.
•     Have chosen to bite the bullet and not maintain status quo.
•     Have Himalayan task of running the Indian Railways.
•     Focus on 5 areas, including, consolidation, modernisation, safety and congestion
•     487 rail projects worth Rs.1 cr still pending.
•     Large basket of pending projects still a cause of concern.
•     Trivedi proposes rail regulator to enhance safety.
•     Stress on strengthening safety. Has to be be benchmarked with the best in the world.
•     Target of reducing accidents from 0.55 to 0.17 has been met.
•     Railway Safety Plan for 12th Plan will be Rs.16,842 crore.
•     Sam Pitroda to head railway modernisation panel.
•     Anil Kakodkar to head railway safety panel.
•     Trivedi proposes to set up Independent Railway Safety Authority as a statutory body.
•     Special Purpose Vehicle - Rail Road Grade Separation Corporation of India - to be set up for abolishing level crossings.
•     All unmanned level crossings to be abolished in next five years.
•     We need to bring down deaths to zero due to rail mishaps.
•     Safety cannot be achieved without modernisation.
•     Safety is our highest priority.
•     Want to stop recurring rail accidents.
•     Death on tracks is unacceptable.
•     Without the railways growing, India's GDP cannot grow.
•     I dedicate all the achievements of the Railways to its staff.
•     I am thankful to Mamata Banerjee for her vision for the Indian Railways in her 2011-12 paper.
•     It will be a good budget for common man.

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Details of Book: The Budget 2012-13

Book:	The Budget 2012-13
Author:	Taxmann
ISBN:	9350710081
ISBN-13:	9789350710081,978-9350710081
Binding:	Paperback
Publishing Date:	2012
Publisher:	Taxmann
Edition:	1stEdititon
Language:	English