<h1>Union Budget 2012-13 aims for 7.6% GDP growth with tax reforms, FRBM Act changes, and subsidy controls.</h1> The Union Budget 2012-13 outlines objectives for economic growth, private investment, and governance improvements, projecting a GDP growth of 7.6%. Key proposals include amendments to the FRBM Act, maintaining central subsidies under 2% of GDP, and introducing a mobile-based fertilizer management system. The budget allocates significant funds for infrastructure, agriculture, and social schemes, including Rs. 30,000 crore from disinvestment and Rs. 15,888 crore for bank capitalization. Tax reforms include raising income tax exemption limits and introducing the General Anti Avoidance Rule. The fiscal deficit target is set at 5.1% of GDP, with total expenditure budgeted at Rs. 14,90,925 crore.