Budget Highlights - 9

Posted on 28th Feb 2015 12:58 pm by mohit kumar

* 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.

Other news

IMD Rainfall Alert: Rainfall in these states, heavy rain warning for next 5 days

Weather Forecast, IMD Rainfall Alert, 5 days Rain: Even though it is not raining in many parts of

20-year-old Indian-origin student murdered in the US, accused Korean roommate arrested

A 20-year-old Indian-origin student was murdered in the US state of Indiana. Varun Manish Chheda,

Delhi Schools Bomb Threat: Threatening mails were sent late at night, information turned out to be fake in investigation, Kejriwal said this

Once again, schools in Delhi have received bomb threats. Six private schools were threatened thro

Mahaparinirvan Day: Northeast Frontier Railway celebrates Dr. Ambedkar's Mahaparinirvan Day, Baba inspires all

Bharat Ratna Dr.B. R. Ambedkar's 66th Mahaparinirvan Day Pu. C. Celebrated at the Dr. Bhupen Haza

'New mafiveer, one apology files should be made', Congress leader taunts Vivek Agnihotri's apology in court

Vivek Agnihotri, director of The Kashmir Files, apologized in the Delhi High Court on December 6

PM Modi Gujarat Visit: PM Modi's three-day visit to Gujarat from today, the Prime Minister of Mauritius and WHO chief will also be present

Prime Minister Narendra Modi will be on a three-day visit to Gujarat from today. PM Modi will lay

Raveena Tandon: Watch these best movies of Raveena Tandon on weekend, these are present on the OTT platform

Raveena Tandon, who won accolades for her portrayal of Prime Minister Ramika Sen in the recently

Russia Ukraine Crisis: To prevent the spread of disease, destroy the pathogen immediately, WHO advises Ukraine

The World Health Organization has advised Ukraine to destroy the pathogen present here, due to wh

India won the 10th consecutive ODI series against Sri Lanka: Rahul's match-winning innings, won the second match by 4 wickets

India has won the first ODI series of the World Cup year. He has taken an unassailable 2-0 lead o

Booster Dose: Frontline workers and 60+ receiving the third dose of vaccine, where and how? Know the answer to every question

Today is an important day in the vaccination campaign of Corona in the country. The third dose (p