Saturday, 28 February 2015

BUDGET 2015Here are sector-wise highlights





BUDGET 2015

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.

 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.
4Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific innovations; allocation of Rs. 150 crore.
5Govt. 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.

 Welfare schemes

1GST and JAM trinity (Jan Dhan Yojana, Aadhaar and Mobile) to improve quality of life and to pass benefits to common man.
2Six crore toilets across the country under the Swachh Bharat Abhiyan.
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.

 Agriculture

Rs. 25,000 c 
Rural Infrastructure Development Bank
Rs. 5,300 cr 
Micro Irrigation Programme
Rs. 8.5 lakh cr 
Targeted for farmer credit

 Defence

Rs. 2,46,726 cr 
allocated for defence
(an increase of 9.87 per cent over last year)
Focus on Make in India for quick manufacturing of Defence equipment.

 Renewable energy

Rs. 75 cr 
electric cars production
2022: 100K MW 
Solar power
60K MW 
Wind power
10K MW 
Bio Mass
5K MW 
Small Hydro

 Tourism

Develpoment 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.
Visa on Arrival for 150 countries

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