key highlights of Budget 2015

-
Budget
Here are sector-wise highlights:

TAXATION

1Abolition of Wealth Tax.
2Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
3Rate of corporate tax to be reduced to 25% over next four years.
4Total exemption of up to Rs. 4,44,200 can be achieved.
5100% exemption for contribution to Swachch Bharat, apart from CSR.6Service tax increased to14 per cent.

AGRICULTURE

1Rs. 25,000 crore for Rural Infrastructure Development Bank.
2Rs. 5,300 crore to support Micro Irrigation Programme.
3Farmers credit - target of 8.5 lakh crore.

INFRASTRUCTURE

1Rs. 70,000 crores to Infrastructure sector.
2Tax-free bonds for projects in rail road and irrigation
3PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk.
4Rs. 150 crore allocated for Research & Development
5NITI to be established and involvement of entrepreneurs, researchers to foster scientific innovations.
6Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.

EDUCATION

1AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
2IIT in Karnataka; Indian Institute of Mines in Dhanbad to be upgraded to IIT.
3PG institute of Horticulture in Armtisar.
4Kerala to have University of Disability Studies
5Centre of film production, animation and gaming to come up in Arunachal Pradesh.
6IIM for Jammu and Kashmir and Andhra Pradesh.

DEFENCE

1Rs. 2,46,726 crore for Defence.
2Focus on Make in India for quick manufacturing of Defence equipment.

WELFARE SCHEMES

150,000 toilets constructed under Swachh Bharath Abhiyan.
2Two other programmes to be introduced- GST & JAM Trinity. GST will be implemented by April 2016.
3MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs.
4Housing for all by 2020.
5Upgradation 80,000 secondary schools.
6DBT will be further be expanded from 1 crore to 10.3 crore.
7For the Atal Pension Yojna, govt. will contribute 50% of the premium limited to Rs. 1000 a year.
8New scheme for physical aids and assisted living devices for people aged over 80 .
9Govt to use Rs. 9000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
10Rs. 5,000 crore additional allocation for MGNREGA.11Govt. to create universal social security system for all Indians.

RENEWABLE ENERGY

1Rs. 75 crore for electric cars production.
2Renewable energy target for 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and 5K MW in small hydro

TOURISM

1Develpoment schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace, Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new toursim scheme.
2Visa on Arrival for 150 countries.

Comments

Post a Comment

Popular posts from this blog

Fight against CORONA #Covid19

-
Image
10.25pm March 20, 2020 Jaipur, RJ It’s raining like god is crying, what have you done my children. Yes there is lockdown in some places. Yes there is curfews without riots or war. Yes, There is fear. Yes, There is isolations. People have cut from friends, relatives, couples, co-workers. Yes, there is Panic buying. Yes, there is sickness, people are dying. Yes, there is even death, which may have no actual count in days to come. But they say that, in Wuhan after so many years of noise, you can hear the birds again. They say that after just a few weeks of quiet, the sky is no longer thick with fumes, but blue and grey and clear. They say that in the streets of Assisi people are singing to each other across the empty squares, keeping the windows open, so those who are alone me hear the sounds of family around them. They say that a hotel in west of Ireland is offering free meals and delivery to the housebound. Today a young lady i know is busy spreading flyers with her numbe
Read more

China wins world war against #Corona #Covid19

-
The Chinese president at Wuhan Hospital without muzzle ..  China officially announces victory over the Corona virus  Did the Chinese deceive the world with the Corona Virus?  And they saved their economy ?!  This is what the Americans and Europeans think, after they sold their shares in high-value-added technology companies for a minimal price to the Chinese government.  According to them, the Chinese leadership used an "economic tactic" that made everyone swallow the bait easily, before they asserted that China did not resort to implementing a high political strategy to get rid of European investors, in support of China's economy, which would bypass the US economy with this step ..!  And because it teaches the science of certainty that Europeans and Americans are looking for excuses to slow and bankrupt the Chinese economy, China has sacrificed some hundreds of its citizens, instead of sacrificing an entire people ..!  Through this tactic, China succeeded in
Read more

WORK-LIFE Post Corona Outbreak

-
Coronavirus , coronavirus pandemic, covid-19 outbreak, coronavirus outbreak, social distancing, future of work, work from Home, working from office, centralized offices, work culture, livelihoods. The cholera epidemic has given way to the corona pandemic. The virus has hit our planet like a meteor, threatening to disrupt life, and one of the major human activities that it is reshaping is work. For years now, there’s been talk about the “future of work" (FoW), or how technology, demographic changes and lifestyle choices will transform the way we work. We have been slowly but inexorably heading towards a new construct of work. However, sometimes life-changing events greatly accelerate the future to suddenly make it the present: work in the time of Covid-19. The current pandemic will turn the future into the present. To understand that, let us look at the nine key tenets of FoW, and how Covid-19 is fast-forwarding them to the present. Where will we be in six
Read more