First india jaipur edition-02 february 2021FIRST INDIA
First India ePaper provides best exclusive stories of the day.Today's News Headlines from politics, technology, business news, Bollywood news, life style and many more.We are the best ENGLISH NEWSPAPER in India with special coverage of Rajasthan , Gujrat and power corridor of the country national capital Delhi. Follow us for more information.
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First india jaipur edition-02 february 2021FIRST INDIA
First India ePaper provides best exclusive stories of the day.Today's News Headlines from politics, technology, business news, Bollywood news, life style and many more.We are the best ENGLISH NEWSPAPER in India with special coverage of Rajasthan , Gujrat and power corridor of the country national capital Delhi. Follow us for more information.
Visit:- https://firstindia.co.in/newspaper
Summary of special economic package for self-reliant India (Atma-Nirbhar Bharat Abhiyan) to reduce the economic strain on the country due to the pandemic by the Hon’ble Prime Minister, Mr. Narendra Modi on May 12, 2020.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
The Prime Minister of India on May 12,2020 launching Aatma Nirbhar Bharat Abhiyaan under which he announcing a special economic package of Rs 20 lakh crore which is equivalent to 10% of India’s GDP. The policy aims to make India self-reliant, empowering the poor, laborers, and migrants who have been majorly affected by COVID-19.
The Key Highlights of Union Budget 2020-2021Udyen Jain
Finance Minister (FM) Nirmala Sitharaman has presented the Union Budget 2020-2021 of India on the 1st of February, 2020. Focusing on measures taken by the government towards reaching the target of a $5 trillion economy by the end of 2022.
Budget of Hope - India Union Budget 2011Abhishek Shah
He may not be the reform leader, the change agent or the face of India's growth story. But many in the new India and the pink press of today want him to don that role, at least now. Heading into Budget day, our finance minister will be reminded of all that he has not done, the conformist who fitted in rather than looked beyond.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The Finance Minister read out the longest ever budget speech. By the end of it she was too exhausted to even complete the speech. This pretty much explains the state of affairs.
Like a caged canary aspiring to fly in the blue sky, the finance minister very enthusiastically read out the vision for new modern India. However, after two hours of aspirational efforts, it was evidently clear that she does not have enough strength to break the shackles and release herself. In the end, she was settled in the cage, totally exhausted and her wings ruffled.
The positive take away from the budget statement is that the aspirations are really high and the vision of new modern India very clear. The government for the first time made an unambiguous admission that the way forward is a progressive socio-economic structure that is egalitarian but encourages and supports private enterprise. It is a major achievement to officially abandon the socialist legacy that focused on curbing demand rather than enhancing supply and hindered the seamless integration of Indian economy in the global economy.
Malaysia Budget 2015 was an importance milestone to enhance the tax collection especially the upcoming Goods And Services Tax (GST) which will be impose by 1 April 2015.
Therefore, it is a final budget prior of GST era. Where there will highlighted a few significant tax policy to smooth transit to GST implementation.
Summary of special economic package for self-reliant India (Atma-Nirbhar Bharat Abhiyan) to reduce the economic strain on the country due to the pandemic by the Hon’ble Prime Minister, Mr. Narendra Modi on May 12, 2020.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
The Prime Minister of India on May 12,2020 launching Aatma Nirbhar Bharat Abhiyaan under which he announcing a special economic package of Rs 20 lakh crore which is equivalent to 10% of India’s GDP. The policy aims to make India self-reliant, empowering the poor, laborers, and migrants who have been majorly affected by COVID-19.
The Key Highlights of Union Budget 2020-2021Udyen Jain
Finance Minister (FM) Nirmala Sitharaman has presented the Union Budget 2020-2021 of India on the 1st of February, 2020. Focusing on measures taken by the government towards reaching the target of a $5 trillion economy by the end of 2022.
Budget of Hope - India Union Budget 2011Abhishek Shah
He may not be the reform leader, the change agent or the face of India's growth story. But many in the new India and the pink press of today want him to don that role, at least now. Heading into Budget day, our finance minister will be reminded of all that he has not done, the conformist who fitted in rather than looked beyond.
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
The Finance Minister read out the longest ever budget speech. By the end of it she was too exhausted to even complete the speech. This pretty much explains the state of affairs.
Like a caged canary aspiring to fly in the blue sky, the finance minister very enthusiastically read out the vision for new modern India. However, after two hours of aspirational efforts, it was evidently clear that she does not have enough strength to break the shackles and release herself. In the end, she was settled in the cage, totally exhausted and her wings ruffled.
The positive take away from the budget statement is that the aspirations are really high and the vision of new modern India very clear. The government for the first time made an unambiguous admission that the way forward is a progressive socio-economic structure that is egalitarian but encourages and supports private enterprise. It is a major achievement to officially abandon the socialist legacy that focused on curbing demand rather than enhancing supply and hindered the seamless integration of Indian economy in the global economy.
Malaysia Budget 2015 was an importance milestone to enhance the tax collection especially the upcoming Goods And Services Tax (GST) which will be impose by 1 April 2015.
Therefore, it is a final budget prior of GST era. Where there will highlighted a few significant tax policy to smooth transit to GST implementation.
Finance Minister Arun Jaitley presented the Union Budget for 2016-17 and reaffirmed that the economy is on the right track. The budget is aimed at strengthening India's firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and economic reforms and policy initiatives to change lives for the better. With measured focus on social sector reforms and recapitalising India's banking system, this Budget has an overarching focus on improving agriculture, and scaling infrastructure, all of which bode well for the country. The government is now planning to rationalise and channel subsidies to the poor by increasing the burden on the rich, and by increasing spending on public welfare through its own kitty.
Mr. Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income, as the biggest challenge to the economy is agrarian distress. Applauding the budget presented by the Finance Minister, Prime Minister Narendra Modi said the Budget is pro-village, pro-poor and pro–farmers, and is focused on bringing about qualitative changes in the country through a slew of time-bound programmes.
The attached note captures key highlights and summarises major announcements in the Budget.
Please reach out to us should you wish to understand more about the Union Budget and its impact on your business
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
This presentation is regarding the whole budget analysis of 2019 mentioning the important investments and expenditures of the government in coming years.
Thank You
Edelman India Public Affairs team provides an analysis of the Union Budget 2018-19 tabled in Parliament on Feb 1 -- featuring opinions from eminent economists and industry experts.
Contributors include:
Mr. T.S. Vishwanath
Partner, APJ-SLG Law Offices and Senior Advisor, Edelman India
Mr. Nirankar Saxena
Deputy Secretary General, FICCI
Dr. Geethanjali Nataraj
Professor of Applied Economics, Indian Institute of Public Administration
Dr. Amir Ullah Khan
Development Sector Economist, Professor and Director at the Maulana Azad National Urdu University, Visiting faculty of Economic Policy at the Indian School of Business
Mr. Neeraj Bansal
Partner and Head – ASEAN Corridor and Building, Construction and Real Estate sector, KPMG in India
Mr. Ravi S. Kochak
Former Additional Member (Production Units), Indian Railways
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on Wednesday,01 FEBRU-
ARY 2017, was broadly focused on 10 themes — the farming sector, the rural population, the youth,the poor and underprivileged health care, infrastructure, the financial sector for stronger institu-tions, speedy accountability, public services, prudent fiscal management and tax administration for the honest. This report is focused on detailed summary and sector wise impact on market after Budget announcement.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
What website can I sell pi coins securely.DOT TECH
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The secret way to sell pi coins effortlessly.DOT TECH
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Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
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Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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1. 1
Under the guidance of,
Mrs. T D Suman Rajesh
Asst Professor
Department Of MBA, PESCE, Mandya
2. Overview of Budget
2
The beginning of the budget printing began on 19th
February 2015 with the traditional halwa ceremony.
From 20th February until the presentation of budget
about 100 government employees remained locked
up in the North Block of the Secretariat Building,
New Delhi ,which houses the budget printing press,
to maintain secrecy. The budget was presented on
28th February by Finance minister Arun Jaitley.
3. INTRODUCTION
3
Most growth forecasts have upgraded Indian economic growth
while downgrading global economic growth.
India is the fastest growing large economy in the World with a
real GDP growth expected to be 7.4%.
Stock market - Second best performing in 2014.
Macro-economic stability and conditions for sustainable poverty
alleviation, job creation and durable double digit economic
growth have been achieved.
6. BUDGET ESTIMATES
Gross Tax receipts are estimated to be Rs. 14,49,490 crore.
Devolution to the States is estimated to be Rs. 5,23,958 crore.
Share of Central Government will be Rs. 9,19,842 crore.
Non Tax Revenues for the next fiscal are estimated to be Rs.
2,21,733 crore.
Fiscal deficit will be 3.9 per cent of GDP and Revenue Deficit
will be 2.8 per cent of GDP.
6
7. FISCAL ROADMAP
Government firms on journey to achieve fiscal target of 3%
of GDP in 3 financial years i.e.. targets are 3.9%, 3.5% and
3.0% in FY 2015-16,2016-17 & 2017-18 respectively.
Need to view public finances from a National perspective
and not just the perspective of the Central Government.
Aggregate public expenditure of the Governments, as a
whole can be expected to rise substantially.
7
8. STATE OF ECONOMY
• Inflation declined - a structural shift
• CPI inflation projected at 5% by the end of the
year, consequently, easing of monetary policy.
• Monetary Policy Framework Agreement with
RBI, to keep inflation below 6%.
• GDP growth in 2015-16, projected to be
between 8 to 8.5%.
8
10. VISION -2022
Amrut Mahotsav - The year 2022, 75th year of
Independence Vision for “Team India” led by PM
• Housing for all
• Basic facility of 24x7 power
• clean drinking water
• a toilet and road connectivity
• Electrification of the remaining 20,000 villages including
off-grid Solar Power- by 2020.
• Providing medical services in each village and city
• Strengthen rural economy
10
11. TAXATION
Efforts on various fronts to implement GST from next year.
No change in rate of personal income tax.
Proposal to reduce corporate tax from 30% to 25% over the
next four years, starting from next financial year.
Rationalisation and removal of various tax exemptions and
incentives to reduce tax disputes and improve
administration.
11
12. TAXATION ON SUPER RICH
To abolish Wealth Tax
Increased the surcharge to 12% on individuals earning Rs 1 crore and
above annually and on firms with an annual income of Rs 10 crore or
more.
Introduced a surcharge of 7% on companies having an income
between Rs 1 crore and Rs 10 crore
Financial Impact - These measures will lead to tax collection of Rs
9000 crores whereas the wealth tax could earn only Rs 1008 crores.
Other Impact - There was no point in continuing the Wealth Tax as
the cost of collection was high. These measures will lead to tax
simplification and widening of the tax base.
12
13. MARKET REFORMS
Propose to merge commodities regulator with SEBI
To bring a new bankruptcy code.
To set up public debt management agency.
To establish an autonomous bank board bureau to
improve management of public sector banks.
13
14. POLICY REFORMS
To enact a comprehensive new law on black money
Propose to create a universal social security system for all
Indians
To launch a national skills mission soon to enhance
employability of rural youth
14
15. FUNDING THE UNFUNDED
Micro Units Development Refinance Agency (MUDRA) Bank, with a
corpus of 20,000 crores, and credit guarantee corpus of 3,000 crores
to be created.
MUDRA Bank will be responsible for refinancing all Micro-finance
Institutions which are in the business of lending to such small entities
of business through a Pradhan Mantri Mudra Yojana.
Rs.1000 crores to the Nirbhaya Fund.
15
16. A Trade Receivables discounting System (TReDS) which will be an
electronic platform for facilitating financing of trade receivables of
MSMEs to be established.
Comprehensive Bankruptcy Code of global standards to be brought in
fiscal 2015-16 towards ease of doing business.
Postal network with 1,54,000 points of presence spread across
villages to be used for increasing access of the people to the formal
financial system.
NBFCs registered with RBI and having asset size of 500 crore and
above may be considered for notifications as ‘Financial Institution’ in
terms of the SARFAESI Act, 2002.
16
17. FINANCIAL MARKET
Public Debt Management Agency (PDMA) bringing both external
and domestic borrowings under one roof to be set up this year.
Enabling legislation, amending the Government Securities Act and
the RBI Act included in the Finance Bill, 2015.
Forward Markets commission to be merged with SEBI.
Section-6 of FEMA to be amended through Finance Bill to provide
control on capital flows as equity will be exercised by Government in
consultation with RBI.
17
18. Proposal to create a Task Force to establish sector-neutral financial redressal
agency that will address grievance against all financial service providers.
India Financial Code to be introduced soon in Parliament for consideration.
Vision of putting in place a direct tax regime, which is internationally
competitive on rates, without exemptions.
Government to bring enabling legislation to allow employee to opt for EPF
or New Pension Scheme. For employee’s below a certain threshold of
monthly income, contribution to EPF to be option, without affecting
employees’ contribution.
18
19. MONETISING GOLD
Gold monetisation scheme to allow the depositors of gold
to earn interest in their metal accounts and the jewellers to
obtain loans in their metal account to be introduced.
Sovereign Gold Bond, as an alternative to purchasing metal
gold scheme to be developed.
Commence work on developing an Indian gold coin, which
will carry the Ashok Chakra on its face.
19
20. INVESTMENT
Foreign investments in Alternate Investment Funds to be allowed.
Distinction between different types of foreign investments, especially
between foreign portfolio investments and foreign direct investments to
be done away with. Replacement with composite caps.
A project development company to facilitate setting up manufacturing
hubs in CMLV countries, namely, Cambodia, Myanmar, Laos and
Vietnam.
20
21. TOURISM
Resources to be provided to start
work along landscape restoration,
signage and interpretation centres,
parking, access for the differently abled ,
visitors’ amenities, including securities
and toilets, illumination and plans for
benefiting communities around them at
following Heritage Sites.
21
22. (i) Churches & Convents of Old Goa
(ii) Hampi, Karnataka
(iii) Elephanta Caves, Mumbai
(iv) Kumbalgarh and other Hill Forts of Rajasthan
(v) Rani ki Vav, Patan, Gujarat
(vi) Leh Palace, Ladakh, J&K
(vii) Varanasi Temple town, UP
(viii) Jalianwala bagh, Amritsar, Punjab
(ix) Qutub Shahi Tombs, Hyderabad, Telengana
• Visas on arrival to be increased to 150 countries in stages.
22
23. EDUCATION
28635 crore is being funded for SARV
SHIKSHA ABHIYAN(SSA) and 4966 crore
for RASHTRIYA MADHYAMIC SHIKSHA
ABHIYAN (RMSA).
500 crore provided for “PANDIT MADAN
MOHAN MALVIYA” New Teachers Training
Programme” to infuse new training tools and
motivate teachers.
100 crore provided for setting up virtual
classrooms as Communication Linked Interface
for Cultivating Knowledge (CLICK) and online
courses.
83%
14%
2%
0%
1%
Education
SSA
RMSA
PMMM
CLICK
IIT
24. Jai Prakash Narayan National Centre for Excellence in Humanities to be set up in
MP.
500 crore provided for setting up 5 more IITs in the Jammu, Chhattisgarh, Goa,
Andhra Pradesh and Kerala.
5 IIMs in the States of HP, Punjab, Bihar, Odisha and Rajasthan.
AIIMS in Tamil Nadu & Jammu and Kashmir, Punjab, Assam, Bihar, IIT in
Karnataka
Education Loan Schemes:
PRADHAN MANTRI VIDYA LAKSHMI KARYAKRAM
DEEN DAYAL UPADHYAY GRAMIN KAUSHALYOJANA
ATAL INNOVATION MISSION
SARVA SHIKSHAABHIYAN
25. AGRICULTURE
Major steps take to address the two major factors critical to agricultural production,
that of soil and water.
‘PRADHANMANTRI GRAM SINCHAI YOJANA’ to provide ‘Per Drop More
Crop’.
5,300 crore to support micro-irrigation,
The ‘PRADHAN MANTRI KRISHI SINCHAI YOJANA’. States urged to chip in.
Rs.25,000 crore in 2015-16 to the corpus of Rural Infrastructure Development Fund
(RIDF) set up in NABARD;
Target of Rs.8.5 lakh crore of agricultural credit during the year 2015-16. Focus on
improving the quality and effectiveness of activities under MGNREGA.
26. Focus to improve quality and
effectiveness of activities under
MGNREGA need to create
national agriculture market for
farmers
Our government is committed to
supporting employment through
MGNREGA. an initial allocation
of Rs.34,699 crore for the
programme.
8%
39%
0%
53%
Agriculture
Micro-
irrigation
NABARD
MGNREGA
Employment
AGRICULTURE
27. INFRASTRUCTURE
Investment in infrastructure will go up by
Rs.70,000 crore in the year 2015-16.
roads and the gross budgetary support to the
railways, by Rs.14,031 crore, and Rs.10,050
crore respectively.
Establish a National Investment and
Infrastructure Fund (NIIF), and find monies
to ensure an annual flow of ` 20,000 crore.
Establish, in NITI, The Atal Innovation
Mission (AIM)
31%
22%
45%
2%
Road
railway
niif
setu
28. Government is establishing a mechanism to be known as SETU (Self-
Employment and Talent Utilisation). I am setting aside Rs.1,000 crore
initially in NITI Aayog for this purpose.
The Government also proposes to set up 5 new Ultra Mega Power
Projects, each of 4000 MWs in the plug-and-play mode.
The Government would also consider similar plug-and-play projects
in other infrastructure projects such as roads, ports, rail lines, airports
etc.,
INFRASTRUCTURE
29. BLACK MONEY
Generation of black money and its concealment to be dealt with effectively
and forcefully. Investigation into cases of undisclosed foreign assets has
been given highest priority in the last nine months. Major breakthrough with
Swiss authorities, who have agreed to:
Provide information in respect of cases independently investigated by IT
department;
Confirm genuineness of bank accounts and provide non-banking
information;
Provide such information in time-bound manner; and Commence talks for
automatic exchange of information.
30. BLACK MONEY BILL
Evasion of tax in relation to foreign assets to have a punishment of rigorous
imprisonment upto 10 years, be non-compoundable, have a penalty rate of 300%
and the offender will not be permitted to approach the Settlement Commission.
Non-filing of return/filing of return with inadequate disclosures to have a
punishment of rigorous imprisonment upto 7 years.
Undisclosed income from any foreign assets to be taxable at the maximum marginal
rate
Entities, banks, financial institutions including individuals all liable for prosecution
and penalty.
Benami Transactions (Prohibition) Bill to curb domestic black money to be
introduced in the current session of Parliament.
Concealment of income/evasion of income in relation to a foreign asset to be made a
predicate offence under PML Act, 2002.
PML Act, 2002 and FEMA to be amended to enable administration of new Act on
black money.
31. Make in India
31
Revival of growth and investment and promotion of domestic
manufacturing for job creation.
Rationalisation of capital gains regime for the sponsors exiting at
the time of listing of the units of REITs and InvITs.
General Anti Avoidance Rule (GAAR) to be deferred by two
years.
Rate of Income-tax on royalty and fees for technical services
reduced from 25% to 10% to facilitate technology inflow.
32. Make in India
• Basic Custom duty on certain inputs, raw materials, inter
mediates and components in 22Items, reduced to minimize the
impact of duty inversion.
• All goods, except populated printed circuit boards for use in
manufacture of ITA bound items, exempted from SAD.
• SAD reduced on import of certain inputs and raw materials.
• Excise duty on chassis for ambulance reduced from 24% to
12.5%.
32
33. GOOD GOVERNANCE
Good governance is a administration where even the weakest & the
most vulnerable sections of society have an equal stake in charting the
country’s growth.
Need to cut subsidy leakages, not subsidies themselves. To achieve
this, Government committed to the process of rationalizing subsidies.
Direct Transfer of Benefits to be extended further with a view to
increase the number of beneficiaries from 1 crore to 10.3 crore
Similarly.
33
34. FROM JAN DHAN TO JAN SURAKSHA
34
Government to work towards creating a functional social security
system for all Indians, specially the poor and the under-privileged.
Pradhan Mantri Suraksha Bima Yojna to cover accidental death risk of
Rs. 2 Lakh for a premium of just Rs. 12 per year. Pradhan Mantri
Jeevan Jyoti Bima Yojana to cover both natural and accidental death
risk of Rs. 2 lakh at premium of Rs.330 per year for the age group of
18-50.
Atal Pension Yojana to provide a defined pension, where Government
to contribute 50% of the beneficiaries’ premium limited to Rs. 1,000
each year, for five years
35. FROM JAN DHAN TO JAN SURAKSHA
35
Unclaimed deposits of about Rs. 3,000 crores in the PPF, and
approximately Rs. 6,000 crores in the EPF corpus. The amounts to be
appropriated to a corpus, which will be used to subsidize the premiums
on these social security schemes through creation of a Senior Citizen
Welfare Fund in the Finance Bill.
A new scheme for providing Physical Aids and Assisted Living Devices
for senior citizens, living below the poverty line.
Government committed to the on-going schemes for welfare of SCs, STs
and Women.
36. FROM JAN DHAN TO JAN SURAKSHA
36
1. SC Rs. 30,851 crore
2. ST Rs. 19,980 crore
3. Women Rs. 79,258 crore
24%
15%
61%
1
2
3
37. SKILL INDIA
Less than 5% of our potential work force gets formal skill training to be
employable. A national skill mission to consolidate skill initiatives spread
accross several ministries to be launched.
Deen Dayal Upadhyay Gramin Kaushal Yojana to enhance the employability
of rural youth. Rs. 1,500 crore has been set apart for this scheme. Student
scholarship as well Educational Loan Schemes, through the Pradhan Mantri
Vidya Lakshmi Karyakram.
Government proposes to set up All India Institutes of Medical Sciences in J&K,
Punjab, Tamil Nadu, Himachal Pradesh and Assam.
An IIT to be set up in Karnataka and Indian School of Mines, Dhanbad to be
upgraded in to a full-fledged IIT.
37
38. SKILL INDIA
38
A Post Graduate Institute of Horticulture Research and
Education in Amritsar.
New All India Institute of Medical Science (AIIMS) to be set
up in J&K, Punjab, Tamil Nadu, Himachal Pradesh and
Assam. Another AIIMS like institutions to be set up in Bihar.
3 new National Institutes of Pharmaceutical Education and
Research: in Maharashtra, Rajasthan, and Chattisgarh; and an
Institutes of Science and Education Research in Nagaland and
Odissa each.
39. DIGITAL INDIA
The National Optical Fibre Network Programme (NOFNP)
of 7.5 lakh kms. networking 2.5 lakh villages is being
further speeded up by allowing willing States to undertake
its execution, on reimbursement of cost as determined by
Department of Telecommunications.
The governmaent have provided adequately for the needs of
the armed forces. As against likely expenditure of this year
of Rs. 2,22,370 crore the budget allocation for 2015-16 is
Rs. 2,46,727 crore.
39
40. GREEN INDIA
Government is launching a Scheme for Faster Adoption
and manufacturing of Electric Vehicles (FAME).
The Ministry of New Renewable Energy has revised its
target of renewable energy capacity to 1,75,000 MW till
2022, comprising 100,000 MW Solar, 60,000 MW Wind,
10,000 MW Biomass and 5000 MW Small Hydro.
40
41. SWACHH BHARAT
100% deduction for contributions, other than by way of CSR
contribution, to Swachh Bharat Kosh and Clean Ganga Fund.
Clean energy cess increased from Rs. 100 to Rs. 200 per metric tonne of
coal, etc. to finance clean environment initiatives.
Excise duty on sacks and bags of polymers of ethylene other than for
industrial use increased from 12% to 15%.
Enabling provision to levy Swachh Bharat cess at a rate of 2% or less on
all or certain services, if need arises.
Concessions on custom and excise duty available to electrically operated
vehicles and hybrid vehicles
41
42. RESPONSES
42
The budget is Pro-industrialist
–Mallikarjun Kharge
The budget appeases taxpayers and corporates but ignores the poor
-P.Chidambaram
The budget had good intensions but lacked a poor road map
-Manmohan singh
43. 43
“Union Budget 2015 is a
Budget with a clear
vision. It is a Budget
that is progressive,
positive, practical,
pragmatic & prudent”.