Governor Olli Rehn: Dialling back monetary restraint
Presentation2
1.
2. I N T R O D U C T I O N
• Budget : statement of the estimated
receipts & expenditure of the govt. for
that particular year.
•1st april to 31st march.
•By Finance Minister Arun Jaitley on Feb.
1
3. INFRASTRUCTURE
Budgetary allocation for 2018-19 to
Rs.5.97 lakh crore
Develop ten prominent tourist sites into
Iconic Tourism destinations
Railways :Capital Exp. has been pegged
at Rs.1,48,528 crore.
Rolling stock – 12000 wagons, 5160
coaches & 700 locomotives, track
renewal Redevelopment of 600 railway
stations
4. EDU.,HEALTH &SOCIAL
PROTECTION
•“RISE” by 2022 invst. Of 1,00,000Cr.
•1000 B.tech students identified to do Ph.D in
IIT’s and IISc.
•National Health Protection Scheme.
•22 govt. medical college & hospl.
•Namami Gange Programme :Cleaning the
Ganga,Rural Sanitation,etc.
5.
6. Education
•Ekalavya school at par with
Navodaya Vidyalayas.
•Digital board from black board.
•Higher Education Financing
Agency.
•Improvement in quality of
teachers.
7. MSME’S
•3794 Cr. For credit support,cpl
& interest subsidy.
•MUDRA loans for
woman,SC,ST,OBC.
8. EMPLOYMENT
•CREATION OF 70 LAKH
FORMAL JOBS.
•Make amendments in
Employee Provident Fund
•7148 Cr. For textile sector.
9. AGRI. & RURAL ECONOMY
•Institutional credit to 11 lakh cr.
•Setting up FAIDF and AHIDF.
•“Operation Greens”:farmer &
consumer satisfaction.
•Grameen Agricultural Market for
upgrading agricultural marketing
infrastructure.
10. •Farmers Producers Organisation
and Village Producers Organisation
for organised cultivation.
•Loans to Self Help Groups.
•Free LPG connections to poor
women.
•New household electric
connection,toilets, rural houses.
11.
12.
13.
14.
15.
16.
17. INCREASE IN CUSTOMS DUTY ON MOBILES
,MOBILE PARTS , TELEVISIONS FROM 15% TO 20%
PROPOSE TO INCREASE HEALTH AND EDUCATION
CESS TO 4%
PROPOSE TO TAX LONG TERM CAPITAL GAINS
EXCEEDING RS 1 LAKH IN LISTED STOCK AT 10%
TAX BENEFITS TO SENIOR CITIZENS OF RS 50000
FOR INVESTMENT IN MEDICLAIM
ADDITIONAL DEDUCTION OF RS 40000 FOR
SALARIED PERSONS
CORPORATE TAX RATE REDUCED TO 25%
18.
19.
20. • Reintroduction of the long-term capital gains
(LTCG) tax that would see investors paying
10% tax on the gains made by selling shares
even after holding them for more than a year.
• While the Centre has brought back LTCG, it
has, however, decided against abolishing or
reducing the STT rates, which, many feel, is a
case of double taxation.
Capital Markets
21. • Benefitted Sectors – Farmers, Healthcare,
Transport Companies & Airport
• Not Benefitted Sectors – Salaried Class, Financial
Sector
• Pro farmer, pro healthcare & employment
• Turned out to be a focused exercise with lesser
frills
• Strikes balance between fiscal prudence and
growth
Conclusion