Budget Highlights - 13


Posted on 28th Feb 2015 01:21 pm by mohit kumar

* Non-Plan expenditure in 2015-16 estimated at 1,312,200 crore; Plan expenditure estimated at Rs.465,277 crore

* Tax collection in 2015-16 estimated at Rs.1,449,490 crore

* Corporate tax to be reduced to 25 percent from 30 percent in four years

* Rigorous imprisonment of up to 10 years for concealing income

* Prevention of Money Laundering Act to be amended to provide for forfeiture of property in India if the one abroad cannot be attached

* Exemption to individual tax payers to continue

* In last nine months several steps taken to effectively deal with problem of black money

* Comprehensive new law to be brought against black money



* New structure to be put in place in banking sector for seamless integration of data



* Adequate provision for defence with Rs.246,727 crore earmarked this year



* Fully IT-based student-help facility for needy students



* Eastern states to be given opportunity to develop faster. Special boost to Bihar and West Bengal as in the case of Andhra Pradesh and Telangana



* Good progress in DMIC corridor and other infra-projects. Rs.1,200 crore earmarked and additional funds if pace of work picks up on ongoing projects



* Procurement law to be drawn up to ensure transparency and remove corruption



* Centenary of Deen Dayal Upadhyay to be celebrated; committee for this to be set up soon



* During 2015-16 AIIMS-like institutes to be set up in Jamu and Kashmir, Punjab, Tamil Nadu and Himachal Pradesh; Bihar to get second AIIMS-like institution



* Karnataka to get an IIT; Indian School of Mines in Dhanbad to be upgraded to IIT



* Good progress being made on Digital India



* To discourage transactions in cash, Rupee debit card to incentivise credit transactions



* In line with 'Act East Policy', steps to catalyse investment in this sector through a project development company to oversee investments in Cambodia, Laos and Vietnam



* Tourism has increased after Visa on Arrival introduced for 43 countries. This facility to be increased to 150 countries in different stages



* Public Debt Management Agency to be created to strengthen the bond market



* Gold Monetisation Scheme to be introduced; sovereign gold bonds to be introduced; working on developing Indian gold coin with Ashok Chakra on face



* Vision of making India cashless society



* Foreign Investment in alternative investment funds to be permitted



* Ports in public sector to be encouraged to utilise land under their control



* Make India investment-destination by streamlining permission procedures



* Five ultra-mega power projects each of 4,000 MW to be set up



* MGNREGA allocation to be enhanced by Rs.5,000 crore, if additional funds available



* Integrated education and livelihood scheme to be launched



* "The Everlasting Flame" exhibition on Parsis to be launched



* National investment and infrastructure fund to be launched with corpus of Rs.20,000 crore to generate more funds



* Innovation initiative to be launched in NITI Aayog in the name of former prime minister Atal Bihari Vajpayee



* Government committed to increasing access of people to the banking system



* Universal social security system for all Indians, especially poor and disadvantaged sections



* Atal Pension Yojna for economically disadvantaged



* PPF and EPF corpus to be utilised for senior citizens' welfare fund



* Physical aids and assisting devices for physically challenged senior citizens



* Main challenges: increasing agricultural production; increasing investment in infrastructure; with manufacturing declining, Make in India will create jobs; cooperative federalism



* Agriculture credit targetted at Rs.8.5 lakh crore



* Rural jobs scheme to get Rs.34,699 crore; Every poor to get a job



* To work with NITI Aayog for creating a National Agricultural Market



* Need well-targeted system for subsidies.



* Direct transfer of subsidy to LPG consumers



* Appeal to well-off consumers to surrender subsidised LPG connections



* Organic farm schemes of agriculture ministry to be supported



* 'Per drop More crop' scheme for better irrigation



* Three achievements - Jan Dhan Yojna, coal auctions, Swachh Bharat



* Two more gamechanging reforms: Goods and Services Tax, JAM trinity (Jan Dhan Yojna, Aadhar, Mobile number) to ensure transparency



* Our achievement to conquer inflation, CPI inflation at five percent by year-end



* GDP growth at 7.4 percent in 2014-15 and at 8-8.5 percent in 2015-16; double-digit growth feasible



* We are in an economic environment far more positive than in the recent past



* Undertaken several significant steps to energise the Indian economy in last nine months



* India's chance to fly



* Budget proposals lay down roadmap for economic growth.

0 Like 0 Dislike
Previous news Next news
Other news

Vodafone Idea Gives Relief To These Prepaid Users, Will Be Able To Recharge Through SMS And Missed Call

New Delhi, Tech Desk. Telecom operator Vodafone Idea has introduced a new service for its 2G feat

New police action in Sambhal riot: Now close associates of the accused are on the radar, more than 200 are on target; call details are being scrutinized

People close to the absconding accused of the Sambhal riot are on the police radar. Police are tr

OBC status of 77 Muslim castes abolished in Bengal: How many people will be affected by this and what will be included in the court's decision?

Amidst the Lok Sabha elections, the Calcutta High Court in West Bengal has canceled all the OBC c

Coronavirus Updates: 6298 new cases of corona came in the last 24 hours, active cases increasing continuously

There has been a decrease in the cases of Coronavirus in India. However, more than 6 thousand cas

Modi wishes Omar Abdullah on birthday

New Delhi, March 10 (IANS) Prime Minister Narendra Modi on Tuesday wished former Jammu and Kashm

There will not be a lockdown, but approve a waiver of just 50 guests at weddings; Ban on Chhath continues

There will be no lockdown in Delhi again. Chief Minister Arvind Kejriwal had indicated this a day

Imran reached their wheelchair: Said- I got 4 bullets, the attack was already known; PM and Home Minister conspired

Former Pakistan Prime Minister Imran Khan interacted with the media for the first time after the

CSK vs KKR: 'If you want to be a champion then...', said KKR vice-captain Venkatesh Iyer before the match against Chennai

Kolkata Knight Riders will face Chennai Super Kings at Chepauk on Friday in IPL 2025. Ahead of th

MP News: Calling the victim Dashmat Rawat as Sudama, the CM washed his feet wearing a shawl and said – you are my friend

Politics has heated up since the incident of a BJP worker shamelessly urinating on tribal Dashmat

Relieving news for Yes Bank customers, SBI may invest Rs 2,450 crore

During this, he said that SBI can buy 49% shares of Yes Bank as per legal provisions. Also, durin

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash