Welcome

Welcome to the 2007-2008 B

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BUDGET POLLS
Are Taxes too high?
YES 52% (+2)
NO 44% (-3)

Should the rich pay more taxes?

YES 66% (+7)
NO 29% (-8)

Are you willing to pay more for better public services?

YES 44% (+/-)
NO 45% (-2)

Is Defence Expenditure too high?

YES 35% (-1)
NO 40% (+2)

Page 1
 Welcome

007-2008 Budget pack

BUDGET POLLS
Should the government provide healthcare for all?
YES 63% (-1)
NO 29% (+2)

Is the Government soft on terrorism?

YES 51% (+4)
NO 40% (+/-)

Are you satisfied with school education?

YES 40% (+2)
NO 45% (-1)

Is Higher Education satisfactory?

YES 30% (-3)
NO 61% (+2)

Page 2
 Balance Sheet

BUDGET OF THE REPUBLIC O

Government Revenues 2007 2008

Income Tax Rs.1,722.85

Corporation Tax Rs.2,845.40
Capital Gains Tax Rs.186.46
Dividend Tax Rs.233.08
Inheritance Tax Rs.27.00

Social Security Tax Rs.401.99

Goods and Services Tax Rs.2,643.27

Customs Duty Rs.930.00
Fuel Duty Rs.435.30
Tobacco Duty Rs.212.39
Other Taxes Rs.33.84

Privatisation Income Rs.54.00

Other Income Rs.17.00

Total Income Rs.9,742.57

Summary

Total Income Rs.7,693.68 Rs.9,742.57

Total Expenditure Rs.8,125.33 Rs.9,605.54

Budget Balance -Rs.431.65 Rs.137.03

Page 3
 Balance Sheet
Budget Balance:GDP -0.9% 0.3%

Government Spending: GDP 17.7% 18.4%

Page 4
 Balance Sheet

HE REPUBLIC OF INDIA
Government Expenditure 2007 2008

Defence Rs.978.48
Law and Order Rs.274.97
Education Rs.522.14
Health Rs.395.124
Economic Affairs Rs.559.96
Welfare Rs.2,061.83
Transport Rs.104.688

Planning Commission Rs.30.000

Finance Ministry Rs.24.500
External Affairs Ministry Rs.60.200

Science and Technology Rs.85.000

Environment Rs.16.900
Sport, Arts and Culture Rs.23.025

State Government Funding Rs.1,830.24

Civil Service Rs.1,058.400
Other Expenditure Rs.92.000

Debt Interest Rs.1,488.07

Total Expenditure Rs.9,605.54

Interest Rate

RBI Interest Rate 7.25% 7.25%

Interest Rate Change (%) 0.00%

Debt

Page 5
 Balance Sheet

National Debt Rs.20,525.15 Rs.20,388.12

Debt:GDP Ratio 44.7% 39.1%

Page 6
 Direct Taxes
Income Tax
Total Personal Income Rs.25,752.57

Personal Allowance Rs.100,000 Rs.100,000

Income Above Personal Allowance Rs.7,725.77

Top Rate 33.0% Rs.254.95

Higher Rate 30.0% Rs.695.32
Basic Rate 20.0% Rs.618.06
Starting Rate 10.0% Rs.154.52

Total Revenue Rs.1,722.85

Corporation Tax
Corporate Income Rs.18,646.12

Top Rate 40.8% Rs.760.76

Main Rate 33.7% Rs.1,256.75
Lower Rate 29.6% Rs.827.89

Total Revenue Rs.2,845.40

Capital Gains Tax
Normal Rate 20.0% Rs.186.46

Total Revenue Rs.186.46

Dividend Tax
Normal Rate 12.5% Rs.233.08

Total Revenue Rs.233.08

Inheritance Tax
Taxable Inheritance Rs.1,350.00

Normal Rate 2.0% Rs.27.00

Total Revenue Rs.27.00

Social Security Tax
Total Personal Income Rs.34,908.03
Number of Registered Workers 423,500,824
Minimum Earnings Threshold Rs.30,000

Page 7
 Direct Taxes
Taxable Income Rs.22,203.00

Social Security Fee Rs.1,200.00 Rs.401.99

Social Security Tax 0.0% Rs.0.00

Total Revenue Rs.401.99

Page 8
 Indirect Taxes
Goods and Services Tax
Consumer Spending Rs.24,029.72
Excise Duty 16.0% Rs.1,922.38
Service Tax 12.0% Rs.720.89

Total Revenue Rs.2,643.27

Customs Duty
Peak Rate 12.5% Rs.930.00

Total Customs Duty Rs.930.00

Fuel Duty
Petrol Consumption (litres) 15,461,250,000
Diesel Consumption (litres) 63,689,500,000

Petrol Duty per litre Rs.13.86 Rs.214.29

Diesel Duty per litre Rs.3.47 Rs.221.00

Total Fuel Duty Rs.435.30

Tobacco Duty
Packets of 10 cigarettes sold 22,112,579,500
Packets of 25 bidis sold 96,302,176,380

Duty per pack of 10 cigarettes Rs.5.25 Rs.116.09

Duty per pack of 25 bidis Rs.1.00 Rs.96.30

Total Tobacco Duty Rs.212.39

Additional Excise Duties
Value of Large Automobiles Sold Rs.423.00
Large Personal Automobile Duty 8.0% Rs.33.84

Insert New Tax here

Page 1
 Indirect Taxes
Total Revenue Rs.33.84

Page 2
 Other Income
Privatisation Income

Hotel Corporation of India

Textile Mills
Name of Company (get estimate from admins)

Privatisation Income
Other Income

Miscellenous Income

Total Income

Page 3
 Other Income
e

Rs.3.00
Rs.51.00
Rs.0.00
Rs.0.00
Rs.0.00
Rs.0.00
Rs.0.00
Rs.0.00
Rs.0.00

Rs.54.00

Rs.17.00

Rs.17.00

Page 4
 Other Expenditure
Civil Service
Number(LY) Requested
Civil Servants 4,200,000 75,000

Pay Award (%) 0.0%

Other Departments
Last Year Requested

Ministry of External Affairs Rs.60.200 Rs.10.000

Ministry of Finance Rs.24.500 Rs.5.000
Planning Commission Rs.30.000 Rs.10.000

Ministry of Science and Technology Rs.45.000 Rs.15.000

Indian Space Research Organisation Rs.40.000 Rs.10.000
Ministry of Environment Rs.16.900 Rs.2.000

Sports and Youth Services Rs.3.125 Rs.0.500

Arts and Culture Rs.3.000 Rs.3.000
Doordarshan Rs.16.900 Rs.2.000

State Government Funding

Last Year
Transfer Payment to State Governments Rs.1,525.20

Other Expenditure

Employment Exchange Compensation

Tax System Change Administration
Social Security Start up expenditure

Other Expenditure

Page 5
 Other Expenditure
vil Service
Granted Number (TY) Salary (LY) Salary (TY) Total Cost
0 4,200,000 Rs.252,000 Rs.252,000 Rs.1,058.400

Rs.1,058.400

Granted This Year

Rs.0.000 Rs.60.200
Rs.0.000 Rs.24.500
Rs.0.000 Rs.30.000

Rs.0.000 Rs.45.000
Rs.0.000 Rs.40.000
Rs.0.000 Rs.16.900

Rs.0.000 Rs.3.125
Rs.0.000 Rs.3.000
Rs.0.000 Rs.16.900

g
Requested Granted
Rs.1,830.24 Rs.1,830.24

Rs.15.000
Rs.2.000
Rs.75.000

Rs.92.000

Page 6
 Defence

Defence Personnel
Number (LY) Requested Granted
Service Personnel 1,376,000 0
Reserve Personnel 700,000 15,000 0
Defence Research Personnel 21,000 0
Civillian Personnel 290,000 0

Pay Award (%) 0.0%

Defence Budget
Last Year Requested Granted
Defence Research and Development Budget Rs.104.00 Rs.10.00 Rs.0.00
Defence Procurement Fund Rs.425.00 Rs.50.00 Rs.0.00
Subsidies to Ordinance Factories Rs.30.00 Rs.10.00 Rs.0.00
Cost Overruns
Personnel

Total Defence Spending

Page 7
 Defence

el
Number (TY) Salary (LY) Salary (TY) Cost
1,376,000 Rs.198,000 Rs.198,000 Rs.272.448
700,000 Rs.99,000 Rs.99,000 Rs.69.300
21,000 Rs.396,000 Rs.396,000 Rs.8.316
290,000 Rs.198,000 Rs.198,000 Rs.57.420

Rs.407.484

This Year
Rs.104.00
Rs.425.00
Rs.30.00
Rs.12.00
Rs.407.48

Rs.978.48

Page 8
 Home

Police
Number Requested Granted Number (TY)
Central Reserve Police Force 975,000 2,000 0 975,000
Industrial & Railway Security Personnel 190,000 5,000 0 190,000
Border Security Force 200,000 25,000 0 200,000
Other Police 95,000 0 95,000

Pay Award (%) 0.0%

Home Affairs Budget

Last Year Requested Granted This Year
Counter-Terrorism Rs.8.50 Rs.1.50 Rs.0.00 Rs.8.50
Police Academies Rs.3.75 Rs.0.75 Rs.0.00 Rs.3.75
Equipment and Supplies Rs.21.00 Rs.5.00 Rs.0.00 Rs.21.00
Administration of Justice Rs.10.00 Rs.2.00 Rs.0.00 Rs.10.00
Bangladesh Border Fence Rs.3.50 Rs.4.00
Other Administration Rs.25.00 Rs.35.00

Home Affairs Budget Rs.274.97

Page 9
 Home

Salary (LY) Salary (TY) Cost

Rs.132,000 Rs.132,000 Rs.128.700
Rs.132,000 Rs.132,000 Rs.25.080
Rs.132,000 Rs.132,000 Rs.26.400
Rs.132,000 Rs.132,000 Rs.12.540

Rs.192.720

Statistics
Category Last Year This Year Change (%)

Pending Court Cases 29,980,989 30,000,012 0.1%

Violent Crime 337,738 342,122 1.3%

Crime 795,650 805,000 1.2%

Terrorist Incidents 4,997 5,025 0.6%

Page 10
 Education
Primary Education (6-11)
Last Year This Year
Enrolement Ratio 91.07% 91.25%
Schools 903,691 903,691
Pupils 149,587,200 151,951,243
Teachers 3,320,000 3,320,000
Teacher Salary Rs.126,000 Rs.126,000
Administration Rs.5,000 Rs.5,235

Teacher:Pupil Ratio 45.06 45.77

Spending Per Pupil Rs.2,826.70 Rs.2,784.12
Personnel
Requested Granted

Primary School Teachers

Secondary School Teachers

Pay Award (%) 0.0%

Higher Education
Last Year This Year
University Undergraduate Students 9,953,000 10,948,300
Postgraduate Students 72,000 80,000
Vocational Students 2,029,000 2,110,160

Total Students 12,054,000 13,138,460

Grants Per Student Rs.5,000.00 Rs.5,000.00

Change (%) 0.0%

Page 11
 Education
Secondary Education (11-14)
Last Year This Year
Enrolement Ratio 36.20% 36.35%
Schools 15,000 15,000
Pupils 10,500,000 10,689,009
Teachers 175,890 175,890
Teacher Salary Rs.189,000 Rs.189,000
Administration Rs.10,000 Rs.10,470

Teacher:Pupil Ratio 59.70 60.77

Spending Per Pupil Rs.3,180.31 Rs.3,124.73
New Construction
Requested Granted

Primary Schools
Secondary Schools

Total Cost Rs.0.00

Education Budget
Primary Education Rs.423.05
Secondary Education Rs.33.40
Higher Education Rs.65.69
Capital Expenditure Rs.0.00

Total Rs.522.14

Page 12
 Health

Hospitals and Clinics

Number Avg.Beds/unit Maintainence
Dispensaries 142,271 0 Rs.10,000
Primary Health Centres 25,975 5 Rs.100,000
Village Hospitals 3,235 25 Rs.500,000
District Hospitals 4,950 100 Rs.2,500,000
Private Clinics 27,000 1 -
Private & State Government Hospitals 10,200 20 -
TOTAL

CONSTRUCTION Requested Granted Cost per unit

Clinics and Dispensaries 50,000 0 Rs.0.005
Primary Health Centres 5,000 0 Rs.0.010
Village Hospitals 1,000 0 Rs.0.050
District Hospitals 100 0 Rs.0.500
TOTAL
Personnel
Number Requested Granted
Doctors 109,874 10,000 0
Nurses 261,000 25,000 0
Paramedical and Support Personnel 500,000 0
Pay Award (%) 0.0%
Health Budget
Last Year Requested Granted
Child Health Rs.123.000 Rs.15.000 Rs.0.000
Medical Education Rs.39.000 Rs.5.000 Rs.0.000
Medical Research Rs.19.000 Rs.5.000 Rs.0.000
Communicable Disease Control Rs.7.500 Rs.2.000 Rs.0.000
AIDS Education and Control Rs.3.250 Rs.1.000 Rs.0.000
Total Health Expenditure
Health Investment
TOTAL

Page 13
 Health

Health Statistics
Cost Last Year This Year
Rs.1.423 Severely Malnourished Children 8,023,233 7,956,787
Rs.2.598 Infant Mortality Rate (per 1000) 22.5 22.4
Rs.1.618 Child Mortality Rate (per 1000) 60 56
Rs.12.375 AIDS Cases 3,900,000 4,098,567
- Curable Blindness 10,000,000 9,980,898
-
Rs.18.013 Persons without access to basic healthcare
85,000,000 82,345,940
Hospital Beds 936,750 969,250

Rs.0.000
Rs.0.000
Rs.0.000
Rs.0.000
Rs.0.000
nnel
Salary (LY) Salary (TY)
Rs.378,000 Rs.378,000 Rs.41.532
Rs.189,000 Rs.189,000 Rs.49.329
Rs.189,000 Rs.189,000 Rs.94.500
Rs.185.361

This Year
Rs.123.000
Rs.39.000
Rs.19.000
Rs.7.500
Rs.3.250
Rs.395.124
Rs.0.000
Rs.395.124

Page 14
 Health

Change
-0.8%
-0.4%
-6.7%
5.1%
-0.2%

-3.1%
3.5%

Page 15
 Economic Affairs
Public Sector Enterprises
Revenue

Coal India Limited Rs.122.00

Steel Authority of India Limited Rs.755.00
Mining and Minerals Rs.300.00
Heavy Industry Rs.521.00
Consumer Industries Rs.122.00
Engineering Industries Rs.220.00
Electricity Generation Rs.22.00
Textiles Rs.45.00
Telecommunications Rs.314.00
Banking and Insurance Rs.229.00
Petroleum Rs.321.00
Transport Rs.213.00
Other Rs.102.00

Total Budgetary Support to Public Sector

Other Industry Programmes
Last Year Requested
Industrial Research and Development Rs.44.50 Rs.5.00
Assistance for Small & Village Industries Rs.23.00 Rs.4.00
Export Credits and Guarantees Rs.16.50 Rs.25.00
Renewable Energy Development Rs.4.00 Rs.5.00
Tourism Development Rs.8.10 Rs.1.00

Total
Postal Service
Last Year This Year
Postage Stamp Rs.5.00 Rs.5.00
Operating Expenses

Postal Service Deficit

Agriculture
Last Year Requested
Research and Development Rs.28.00 Rs.5.00
Irrigation and Water Management Rs.59.00 Rs.20.00
Subsidised Credit Rs.26.50 Rs.1.50
Agencies and Boards Rs.29.00 Rs.10.00
Agricultural Price Support (Farming subsidy) Rs.93.00 Rs.25.00

Total

Page 16
 Economic Affairs

Total Economic Affairs Budget

Page 17
 Economic Affairs
es
Expenses Net

Rs.125.00 Rs.3.00
Rs.798.00 Rs.43.00
Rs.345.00 Rs.45.00
Rs.655.00 Rs.134.00
Rs.188.00 Rs.66.00
Rs.290.00 Rs.70.00
Rs.125.00 Rs.103.00
Rs.62.00 Rs.17.00
Rs.211.00 -Rs.103.00
Rs.124.00 -Rs.105.00
Rs.219.00 -Rs.102.00
Rs.220.00 Rs.7.00
Rs.110.00 Rs.8.00

Rs.186.00
mes
Granted
Rs.0.00 Rs.44.50
Rs.0.00 Rs.23.00
Rs.0.00 Rs.16.50
Rs.0.00 Rs.4.00
Rs.0.00 Rs.8.10

Rs.96.10

-Rs.50.00
Rs.92.36

Rs.42.36

Granted
Rs.0.00 Rs.28.00
Rs.0.00 Rs.59.00
Rs.0.00 Rs.26.50
Rs.0.00 Rs.29.00
Rs.0.00 Rs.93.00

Rs.235.50

Page 18
 Economic Affairs

Rs.559.96

Page 19
 Welfare
Benefits
Claimants Benefit (LY) Change (%)

Rural Income Support 40,824,112 Rs.6,300 0.0%

Pensions 54,707,106 Rs.3,780 0.0%
Maternity Benefit 21,595,265 Rs.525 0.0%

Separation Benefit 9,898,565 Rs.6,000 0.0%

Family Bereavment Benefit 10,797,632 Rs.10,500 0.0%

Unemployment Benefit 7,286,065 Rs.4,800 0.0%

Disability Benefit 20,586,798 Rs.4,800 0.0%

Health Insurance 423,500,824 Rs.200 0.0%

Sickness Benefit (per day) 1,270,502,472 Rs.50 0.0%

Housing Loans 2,231,321 Rs.50,000 0.0%

Total Benefits
Children Benefits
Claimants Benefit (LY) Change (%)

Mid-Day Meal 151,951,243 Rs.700 0.0%

School Text Book Allowance 151,951,243 Rs.150 0.0%

Total
Price Subsidies
Last Year Requested
Food Subsidy Rs.104.00 Rs.50.00
Cooking Gas Subsidy Rs.300.00 Rs.30.00
Fertiliser Subsidy Rs.200.00 Rs.25.00
Administration

Total Subsidies
Other Welfare Programmes
Last Year Requested

Scheduled Caste and Tribe Welfare Rs.25.00 Rs.2.00

North Eastern Areas Welfare Fund Rs.20.00 Rs.2.00
Pilgrimage Subsidy Fund Rs.22.00 Rs.3.00

Page 20
 Welfare

Total Welfare Programmes

Total Welfare Budget

Page 21
 Welfare

Benefit (TY) Cost

Rs.6,300 Rs.257.19
Rs.3,780 Rs.206.79
Rs.525 Rs.11.34

Rs.6,000 Rs.59.39
Rs.10,500 Rs.113.38
Rs.0 Rs.0.00
Rs.4,800 Rs.34.97
Rs.4,800 Rs.98.82

Rs.200 Rs.84.70 Covers health expenses upto a maximum of Rs.10,000

Rs.50 Rs.63.53

Rs.50,000 Rs.111.57

Rs.1,041.670

Benefit (TY) Cost

Rs.700 Rs.106.37
Rs.150 Rs.22.79

Rs.129.159

Granted This Year

Rs.0.00 Rs.104.00
Rs.0.00 Rs.300.00
Rs.0.00 Rs.200.00
Rs.220.00

Rs.824.00
es
Granted This Year

Rs.0.00 Rs.25.00
Rs.0.00 Rs.20.00
Rs.0.00 Rs.22.00

Page 22
 Welfare

Rs.67.00
Rs.2,061.83

Page 23
 Transport
Air Travel
Last Year Requests Granted
Airports Authority of India Budget Rs.9.00 Rs.1.00 Rs.0.00

Indian Railways
Last Year This Year
Basic Fare per km (in paise) 26.25 26.25
Operating Expenditure
Operating Balance

New Construction Current Requested Granted

Trains 14,484 100 0
Track Length (km) 64,540 1,000 0
Track Modernisation N/A 10,000 0
Total Investment in Indian Railways

Last Year This Year

Railway Accidents 398 404
Punctuality Rating 75.5% 77.1%
Road Transport
Roads and Highways Length (LY) Length (TY) Maintainence
National Highways 60,000 60,000 Rs.500,000
Roads 3,150,000 3,155,000 Rs.12,500

Requested Granted Cost per km

National Highways 5,000 0 Rs.0.036
Roads 25,000 0 Rs.0.003

Last Year Requested

Ports Trusts of India Budget Rs.65.000 Rs.10.000
Public Transport Infrastructure Development Fund Rs.45.000 Rs.5.000

Transport Budget
Expenditure
Investment
Total Transport Budget

Page 24
 Transport

This Year
Rs.9.00

Cost
-Rs.603.75
Rs.520.00
-Rs.83.75

Cost per unit

Rs.0.050 Rs.0.000
Rs.0.038 Rs.0.000
Rs.0.016 Rs.0.000
Rs.0.000

Rs.30.000
Rs.39.438
Rs.69.438

Rs.0.000
Rs.0.000
Rs.0.000

Granted
Rs.0.000 Rs.65.000
Rs.0.000 Rs.45.000

-Rs.5.313
Rs.110.000
Rs.104.688

Page 25
 Statistics
Population
2007 2008

Infants (0-6) 129,571,587 131,359,675

Children (6-14) 207,760,000 210,627,088
Young People (14-18) 96,600,000 97,933,080
Working Age (18-64) 607,457,983 615,840,903
Seniors (above 64) 53,962,425 54,707,106
Total Population 1,095,351,995 1,110,467,853

Number of Households 192,671,808 195,330,679

Population Growth Rate 1.38% 1.38%

Poverty 21.5% 20.9%

Economy

Inflation 6.5% 4.7%

Real GDP Growth 6.1% 8.5%
Unemployment 3.9% 4.1%

GDP (in current prices) Rs.45,888 Rs.52,152

GDP per capita Rs.41,893 Rs.46,964

Employment, Wages and Profits

Agricultural Workers 255,669,953 255,397,812
Landless Workers 127,834,977 129,461,151
Average Agricultural Earnings Rs.32,827.05 Rs.35,847.83

Urban Workers 165,856,996 168,103,012

Average Earnings Rs.136,746.00 Rs.153,195.18
Unemployment 6,730,929 7,286,065

Corporate Earnings (in billions) Rs.15,486.17 Rs.18,646.12

Trade
Exports Rs.5,104.00 Rs.5,614.40
Imports Rs.6,200.00 Rs.7,440.00
Trade Balance -Rs.1,096.00 -Rs.1,825.60

Page 26