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Highlights of 2015 Union Budget

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States to be equivalent accomplices in financial development; move to making India cashless society; social area projects to proceed. A portion of the difficulties said by the Finance Minister are: poor agrarian pay, decrease in assembling ; and the requirement for monetary control.

Here are division insightful highlights:

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TAXATION

1 Abolition of Wealth Tax.

2 Additional 2% additional charge for the super rich with pay of over Rs. 1 crore.

3 Rate of corporate duty to be lessened to 25% over next four years.

4 No change in duty sections.

5 Total exclusion of up to Rs. 4,44,200 can be accomplished.

6 100% exclusion for commitment to Swachch Bharat, aside from CSR.

7 Service duty expanded to14 every rupee.

AGRICULTURE

1 Rs. 25,000 crore for Rural Infrastructure Development Bank.

2 Rs. 5,300 crore to backing Micro Irrigation Program.

3 Farmers credit – focus of 8.5 lakh crore.

INFRASTRUCTURE

1 Rs. 70,000 crores to Infrastructure area.

Without 2 tax bonds for tasks in rail street and watering system

3 PPP model for base improvement to be revitalized and govt. to hold up under greater part of the danger.

4 Atal Innovation Mission to be created to draw on skill of ambitious people, and analysts to cultivate logical advancements; assignment of Rs. 150 crore.

5 Govt. proposes to set up 5 ultra uber force ventures, each of 4000MW.

EDUCATION

1 AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.

2 IIT in Karnataka; Indian School of Mines in Dhanbad to be moved up to IIT.

3 PG organization of Horticulture in Amritsar.

4 Kerala to have University of Disability Studies

5 Centre of film generation, movement and gaming to come up in Arunachal Pradesh.

6 IIM for Jammu and Kashmir and Andhra Pradesh.

DEFENCE

1 Allocation of Rs. 2,46,726 crore; an increment of 9.87 every penny over a year ago.

2 Focus on Make in India for fast assembling of Defense gear.

WELFARE SCHEMES

1 50,000 toilets built under Swachh Bharath Abhiyan.

2 Two different projects to be presented GST & JAM Trinity. GST will be actualized by April 2016.

3 MUDRA bank will refinance micro account orgs. to energize original SC/ST business visionaries.

4 Housing for all by 2020.

5 Upgradation 80,000 optional schools.

6 DBT will be further be extended from 1 crore to 10.3 crore.

7 For the Atal Pension Yojna, govt. will contribute half of the premium restricted to Rs. 1000 a year.

8 New plan for physical helps and aided living gadgets for individuals matured more than 80 .

9 Govt to utilize Rs. 9000 crore unclaimed supports in PPF/EPF for Senior Citizens Fund.

10 Rs. 5,000 crore extra allotment for MGNREGA.

11 Govt. to create universal social security system for all Indians.

RENEWABLE ENERGY

1 Rs. 75 crore for electric autos generation.

2 Renewable vitality focus for 2022: 100K MW in sun oriented; 60K MW in wind; 10K MW in biomass and 5K MW in little hydro

TOURISM

1 Develpoment plans for chapels and communities in old Goa; Hampi, Elephanta holes, Forests of Rajasthan, Leh royal residence, Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new toursim plan.

2 Visa on Arrival for 150 nations.

GOLD

1 Sovereign Gold Bond, as an option to obtaining metal gold.

2 New plan for investors of gold to win premium and gem dealers to acquire credits on their metal records.

3 To add to an Indian gold voin, which will convey the Ashok Chakra all over, to diminish the interest for outside coins and reuse the gold accessible in the nation.

FINANCIAL SECTOR

1 Forward Markets Commission to be consolidated with the Securities and Exchange Board of India

2 NBFCs enrolled with the RBI and having resource size of Rs 500 crore or more to be considered as ‘budgetary foundation’ under Sarfaesi Act, 2002, empowering them to store SME and mid-corporate organizations

3 Permanent Establishment standards to be adjusted to that negligible vicinity of seaward reserve administrators in the nation does not prompt “adverse tax consequences.”

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  • Published: 6 years ago on February 28, 2015
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  • Last Modified: February 28, 2015 @ 8:48 am
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