The document summarizes key aspects of the Union Budget 2015 in India. It highlights measures to promote "Make in India" including reducing the corporate tax rate. It identifies beneficiaries such as entrepreneurs, farmers, and small businesses. It outlines boosts for entrepreneurs including startup support and efforts on GST implementation. It describes visions for 2022 including housing, electricity, and water access. It also summarizes agricultural support and investments in infrastructure and the MUDRA Bank for microfinance.

1. “Make In India!”
Analysis of Union Budget 2015
Exclusively ‘MADE IN INDIA’
and Presented by:
Ms. Harsha Budhrani

2. Introduction
• Budget statement 2015 requires to be admired for both, its width of vision
and depth of detail.
• There are various measures to promote “Make in India”, to generate
employment, foster entrepreneurship and galvanize Indian/foreign
investments.
• Clearly, India is moving towards a more global tax structure, both in terms
of GST, and, in terms of direct taxes.
• The reduction in corporate tax rate is the most important announcement of
this Budget, and one hopes this is the first step in India forming a globally
competitive tax policy and environment.

3. Who all are the beneficiaries of
budget 2015?
• Entrepreneurs
• Farmers
• Society (Infrastructure)
• Small Scale Businesses
• Middle Class and Lower Class (Team IndiaVision)

4. Boost to Entrepreneurs
• GDP growth expected to accelerate to 7.4% making India the fastest
growing economy in the world.
• Restoration of micro-economic stability to sustain poverty elimination,
job creation and durable double digit economic growth.
• SETU (Self-Employment and Talent Utilization) mechanism to support
startup businesses.
• Efforts on various fronts to implement GST from next year.
• Fight against scourge of black money to be taken forward.
• Inflation is expected to remain close to 5% by the end of the year which
will allow further easing of monetary policy.

5. Team IndiaVision!
• The year 2022 will be the ‘Amrut Mahotsav’, the 75th year, of
India’s Independence.
• It include a roof for each family which will require to
complete two crore houses in urban areas and four crore
houses in rural areas with each house having 24 hour power
supply, clean drinking water, a toilet and road connectivity.

6. Agriculture
• The three important budgetary provisions towards
achieving this will positively impact agriculture are:
– Financial support to extend irrigation and soil health for
enhancing agricultural productivity.
– Raising the agricultural credit.
– Creation of a unified national agricultural market to fetch
a fair price for the farm produces.

7. Public – Private – Partnership and
Public Investment in
Infrastructure
• The Budget has addressed the issue as follows:
– To increase public investment, the outlays on the roads and gross budgetary support to
the railways has been increased.
– More projects in roads, ports, rail lines and airports would be on a ‘plug and play’ basis.
– The differential tariff regimes that are followed in sectors ranging from airports to
highways will need to be rationalized.
– The principle that UK adopts ‘Value for money’ will be the determining factor redress
the situation of inappropriate allocation of risk between private and public sector.

8. Micro Units Development
RefinanceAgency (MUDRA) Bank
• Announcement of MUDRA is a major positive step taken on
microfinance and financial inclusion space.
• This is a move aimed at providing refinancing for small business
enterprises, it addresses a huge gap in the current refinancing
structure.
• Jaitley is proposing to create a MUDRA bank with a corpus of Rs.
20,000 crores and credit guarantee corpus of Rs. 3,000 crores.
• The other positive in the Budget relates to alternate investment
fund vehicle.

9. The other side of the coin
• “SERVICETAX”
– A very crucial decision of increasing service tax from 12.36% to 14%. Additionally, a 2%
‘Swachha Bharat’ cess will also be implemented across verticals, which makes the
effective increase to 14.28% (2% cess is on ServiceTax amount only).
– The areas affected:
• Online Shopping
• Banking
• Foreign Exchange
• Mututal Funds
• Insurance Products
• Travel