Monday, 29 February 2016

Budget Till Now ...


Bookmark this page, all updates will be posted here : Visit : http://ca-passion.blogspot.com/p/budget-2016-17.html



Rs 25,000 cr set aside for recapitalisation of PSBs; if more funds required, new avenues will be looked to

Asset-reconstruction companies' sponsors to be allowed to hold 100%; Sarfaesi Act to be amended

New products in commodity derivatives market to be introduced by Sebi

100% FDI through FIPB route in marketing of food products produced and manufactured in India

Duty drawback schemes widened and deepened to include more countries and sector

Tax-free Infra bonds to be issues again this year

Govt to incentivise deep-sea exploration of oil & gas, besides new discoveries and areas

Rs 3,000 crore allocated for nuclear power

Centre to partner with state govts to rejuvenate regional airports

Total budget outlay of Rs 2,21,246 crore for infrastructure

Abolition of permit raj to be govt's medium-term goal

A mammoth total outlay of Rs 2,18,000 crore for railways and roads in FY17

Rs 55,000 crore set aside for roads and highways in FY17

Small shops should be allowed to work on all 7 days of the week

Govt to pay new subscribers' contribution to EPF for the first 3 years

For new jobs in formal sector, govt will pay 8.33% interest to all new employees enrolling under EPFO

Digital depository for academic certificates to help reduce the issue of fake degrees

Rs 1700 crore set aside for 1500 multiskill institutes

Higher education financial agency with Rs 1,000 crore to boost higher education

62 more Navodaya Vidyalayas to come up in remaining areas under Sarva Siksha Abhiyan

500 crores for #StandUpIndia

Rs 500 cr for SC/ST entrepreneurs and women

Rs9000 crore allocated for Swach Bharat Abhiyan. Hope it is put to good use.

National Dialysis Scheme under PPP in all districts; certain equipment parts to be exempt from Customs duty

Health protection scheme up to Rs 1 lakh; additional package of Rs 30 k for sr citizens

2000 crores set aside for cooking gas to women from poor families

Massive mission to be launched to provide LPG connections to BPL households: FM

Approx1 lakh cr (irrigation) + 19k cr (rural roads) + 2.87 lakh cr (gram panchayats) + 35k cr (farmer welfare) + 38k cr (MNREGA)

To achieve 100% Village electrification by 1st May 2018

5542 villages electrified

Aadhaar will be given statutory backing by law. This will be to allay fears of privacy and data leaks #Budget2016

2.87 lakh crore grants to gram panchayats and municipalities - a quantum jump of 228%

Rs 15,000 cr to be allocated for interest subvention for agri loans

A unified agriculture market e-platform will be dedicated to the nation on birthday of Dr BR Ambedkar

Focus on agriculture, especially irrigation and organic farming.  "We want to increase productivity & double farmers income"
#Budget2016

9 pillars for #Budget2016 Agri &farmer welfare,rural sector,social sector,skills, infra,fin services reforms, tax reforms, fiscal discipline

Farm, rural sector, infra, social sector to have more Government expenditure: FM

Govt to provide additional sources to vulnerable people in rural areas:

CPI inflation was 9.4 per cent in the last 3 years of previous government. It has come down to 5.5 per cent now: FM.

GDP growth accelerated to 7.4%: FM Arun Jaitley

We have converted difficulties and challenges into opportunity: Jaitley

FM Arun Jaitley: Let us look at our achivements compared to the last three years of the last government