Pages

Saturday, February 28, 2015

Budget 2015-2016

Budget 2015-2016 Highlights :

3 successes:

  • Jan -Dhan yojana
  • Transference auction of coal is bringing lacks of money to states
  • Swatch Bharath movement 



  • Jan-Dhan AADHAR mobile - JAAM

  • CPI inflation expected to around 5%
  • Aiming for double digit growth seems very close.

  • roof for all by 2022, 75th year of India's independence. Amruth mahotsav.
  • off grid solar generation
  • every child should get school within 5km

  • 44% money is allotted to states, which is unprecedented.
  • in total 62% of income will be with states.

  • physical deficit target for 3 year is 3%
  • well targeted system to deliver subsidies

  • direct transfer system ill be extended to other schemes.

  • MUDRA Bank re-finance micro finance...will fund unfunded

  • Postal offices ill used for Jan Dhan yojana

  • Large population is without health, accidental and life insurance.
  • Pradhanmatri Suraksha Yojana - 2 lack insurance



  • Atal pension Yojana to be launched.

  • senior citizens welfare fund using unclaimed PPF/EPF

  • Nayi manzil yojana

  • Infrastructure:
  • Propose to National Investment and Infrastructure Fund
  • Tax free infrastructure bonds roads, rail

  • SETU for entrepreneurship, start-ups

  • intent to appoint a comity
  • 5 ultra mega power projects

  • Indian Financial Code
  • Gold monetizing scheme
  • gold bond
  • Indian Gold Coin

  • Additional 1000Cr for Nirbhaya Fund

  • VISA on arrival will be increased to 150 countries

  • 75Crs for Electric Vehicle 

  • Public Contract resolution bill

  • Regulatory reform law

  • National Skill Mission

  • AIMS
  • IIT in Karnataka

  • Defense allocation increased to 2,46,727 Cr

  • Tax Proposals:
  • Corporate tax reduced to 25% next 4 years

  • Comprehensive bill to tackle black money

  • abolish wealth tax and increase by 2% for those who earn more than 1Cr
  • Rich and wealthy must pay more tax
  • central excise duty rounded to 12.5%


  • health insurance limit from 15000 to 25000

  • transport allowance increased from 800 to 1600

  • Yoga to be included within ambit of charitable act

  • There ill be data base of NGOs













No comments:

Post a Comment