Friday, July 17, 2015

HIGHLIGHTS OF UNION BUDGET 2014-15


1. Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6 for 2015-16 and 3% for 2016-17
2. Revenue Deficit seen at 2.9% for FY15
3. Aim to achieve 7-8 per cent economic growth rate in next 3-4 years:Finance Minister
4. Committed for growth of agriculture at the rate of 4 per cent.
5. Defence FDI cap raised to 49% from 26% at present
6. Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh.
7. For senior citizens, the exemption on income has been raised to Rs. 3 lakh per annum.
8. Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.
9. No change in Income tax rates and slabs .
10. Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
11. Women Safety:
i. Outlay of Rs. 50 crores for a pilot scheme on road safety
ii. Another 150 crores to be spent by MHA on safety on women in larger cities
iii. 'Beti Bachao, Beti Padhao Yojana' - 100 crores
12. Rs 3600 cr set aside for National Rural Drinking Water:Finance Minister
13. Rural housing: Rs 8000 crore for national housing banking programme
14. Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmadabad and Lucknow
15. Rs. 100 crores to set up virtual classrooms
16. Rs. 500 crores for setting up 5 more IIMs and IITs
17. Rs. 7,060 crore allocated for building new cities
18. Jaitley announces e-visas to promote tourism
19. The government is committed to the welfare of scheduled castes and tribes.
20. Rs. 200 crores credit scheme for start-ups by those from scheduled castes and tribes
21. Government is committed to providing 24x7 electricity in all houses
22. 15 Braille press to come up.
23. Currency note with Braille-like signs
24. Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector
25. 24x7 electricity in all houses
26. Minimum pension of Rs.1000 per month to all PP schemes.
27. Rs. 50,548 cr proposed for SC development
28. Bharat Swach Yojna proposed for hygiene and cleanliness.
29. Rs. 200 crore for Statue of Unity, a statue of Sardar Patel in Gujarat.
30. Rs. 1000 cr for irrigation plan named Pradhan mantri krishi sichayin yojana.

31. Rs. 7060 cr for creating smart cities.
32. Assam and Jharkhand to get Centre of Excellence on farming
33. Rs. 100 crores for modernization of Madrasas
34. Jaitley announces Skill India, a programme to train youth for jobs
35. Equity in PSU banks to be raised through share sale to the public
36. Rural housing: Rs 8000 crores for national housing banking programme
37. MGNREGA programme to made more productive
38. Senior Citizens Pension Plan Extended Till August 2015
39. National Adaption Fund for climate change to be set up
40. Rs. 500 crore for price stabilization fund.
41. 100 soil testing laboratories across the country.
42. Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside
43. Crisis Management Center for women at Delhi
44. Start up village at Rs 100 crore to promote entrepreneurship among rural youth.
45. Rs. 14,389 crores for PM Sadak Yojana
46. Rs. 200 crore allocated to set up six textiles clusters

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