The document summarizes key highlights from the Union Budget 2015 in India. It covers 10 areas: 1) Taxation, 2) Agriculture, 3) Infrastructure, 4) Education, 5) Defence, 6) Welfare Schemes, 7) Renewable Energy, 8) Tourism, 9) Gold, and 10) Financial Sector. Some major points include reducing the corporate tax rate, increasing rural infrastructure funding, allocating more funds for education and defence, expanding welfare programs, and setting renewable energy targets.

1. Module 7
Union Budget 2015
(Highlights)

2. Union Budget 2015
Union Budget 2015 highlights:
1. Taxation,
2. Agriculture,
3. Infrastructure,
4. Education,
5. Defence,
6. Welfare Scheme,
7. Renewal Energy,
8. Tourism,
9. Gold,
10. Financial Sector,

3. Union Budget 2015
Union Budget 2015 highlights:
1. Taxation,:
a. Abolisition of wealth tax,
b. Additional 2% surcharge for super rich with income above
Rs. 1 Crore,
c. Rate of corporate tax to be reduced to 25% for the next 4
years,
d. No change in tax slab,
e. Total Tax exemption of upto Rs 4,44,200,
f. 100% Exemption for contribution to swatch Bharat,
g. Service Tax increased by 4%.

4. Union Budget 2015
Union Budget 2015 highlights:
2. Agriculture,:
a. Rs. 25,000 Crore for Rural Infrastructure Development Bank,
b. Rs. 5,300 Crore to support Micro Irrigation Programme,
c. Farmers Credit-Target of 8.5 Lakh Crore.

5. Union Budget 2015
Union Budget 2015 highlights:
3. Infrastructure,:
a. Rs. 70,000 Crore to infrastructure sector,
b. Tax Free Bond for projects in rail-road and irrigations,
c. PPP Model for Infrastructure Development to be revitalized
and government to bear majority of risks,
d. Atal Innovation Mission to be established to draw on
expertise of entreprenuers and researchers to foster scientific
innovation allocation of Rs. 150 Crores.,
e. Government proposed to set up 5 Ultra Mega Power
Projects, each of 4000 MW.

6. Union Budget 2015
Union Budget 2015 highlights:
4. Education,:
a. AIIMS in Jammu & Kashmir, Punjab, TN, Bihar, Himachal
Pradesh and Assam,
b. IIT in Karnataka, Indian School of Mines, Dhanbad, to be
upgraded to IIT,
c. PG Institute of Horticulture in Amritsar,
d. Kerala to have university of Disability Studies,
e. Center of Film Production, Animation and Gaming to come
up in Arunachal Pradesh,
f. IIM for Jammu & Kashmir and Andhra Pradesh.

7. Union Budget 2015
Union Budget 2015 highlights:
5. Defence,:
a. Allocation of 9.87% more in compared to earlier budget, that
is Rs. 2,46,726 Crores.
b. Focus on, 'Make in India', for quick manufacturing of defence
equipment.

8. Union Budget 2015
Union Budget 2015 highlights:
6. Welfare Scheme,:
a. GST (Goods and Service Tax) and JAM Trinity (Jan Dhan
Yojana, Aadhaar and Mobile) to improve quality of life and to
pass benefit to common man,
b. 6 Crore Toilet across under Swatch Bharat Abhiyaan,
c. MUDRA (Micro Finance) bank will re-finance Micro Finance
Organization to encourage 1st
generation of SC/ ST
entreprenuers.
d. Housing to all by 2020,
e. Upgradation of 80,000 secondary schools,

9. Union Budget 2015
Union Budget 2015 highlights:
6. Welfare Scheme,:
f. Atal Pension Yojana, Government will contribute 50% of the
premium, to the maximum of Rs. 1,000 in a year.
g. New Scheme for Physical aid and Assisted Living Device for
people aged over 80,
h. Government to use Rs. 9,000 Crores unclaimed funds in
PPF/ EPF for senior citizen fund,
i. Rs. 5,000 Crores additional allocation of MGNREGA,
j. Government to create Universal Social Security System for all
Indians.

10. Union Budget 2015
Union Budget 2015 highlights:
7. Renewal Energy,:
a. Rs. 75 Crores for Electric Car Production,
b. Renewable Energy Target by 2022, 100 K MW in Solar, 60 K
MW in Wind, 10 K MW in Bio Gass and 5K MW in small hydro.

11. Union Budget 2015
Union Budget 2015 highlights:
8. Tourism,:
a. Development Scheme for Churches and Convents in Old
Goa, Hampi, Elephanta Caves, Forests of Rajasthan, Leh
Palace, Varanasi, Jallianwala Bagh, Quth Shahi Tombs at
Hydrabad to be under the new tourism scheme,
b. Visa on arrival for 150 countries.

12. Union Budget 2015
Union Budget 2015 highlights:
9. Gold,:
1. Sovereign Gold Bond as an alternative to purchase metal
Gold,
b. New Scheme for deposites of Gold to earn interest and
jewellery to obtain loan on this metal accounts,
c. To develop an Indian Gold Coin with Ashok Chakra on its
face, to reduce the demand of foreign coins and recycle the
Gold available in the country.

13. Union Budget 2015
Union Budget 2015 highlights:
10. Financial Sector,:
a. Forward Market Commission to be merged with SEBI,
b. NBFCs (Non Banking) registered with RBI with Rs. 500
Crores and above will be considered as 'Financial Institutions'
under 'Sarfacsi Act 2002', enabling them to fund SME and Mid-
Corporate Business,
c. Permanent Establishment norms to be modified to that mere
presence of 'off-shore fund manager', in the country does not
lead to 'Adverse Tax Consequences'.