The document provides an overview of the key features of the Indian government's Budget for 2015-2016. It discusses the state of the Indian economy, challenges, and the government's plans and targets in areas like agriculture, infrastructure, financial markets, taxation, and social programs. The budget aims to achieve a fiscal deficit target of 3.9% of GDP for 2015-2016 through measures like disinvestment and reducing corporate tax rates gradually to 25% over four years.
The Reserve Bank of India has decided to keep its policy repo rate unchanged at 8.0% based on its assessment of the current macroeconomic situation in India. Inflation has been declining steadily and is expected to remain around 6% over the next year. While economic activity has slowed, conditions are improving for a pickup in growth for the fourth quarter and next fiscal year if coordinated policy efforts are successful.
The document provides an overview of the key features of the Indian Union Budget for 2015-2016. It discusses the state of the Indian economy, challenges, and the government's plans and targets in areas such as fiscal policy, agriculture, infrastructure, financial markets, taxation, and social programs. The budget aims to achieve high economic growth of 8-8.5%, implement important reforms like GST and financial inclusion programs, boost investment in infrastructure, and address issues in sectors like agriculture, education and healthcare.
India SME Forum - Synopsis of Union Budget 29 Feb 2016. India SME Forum
The document summarizes key features of the Indian government's budget for 2016-2017. It outlines priorities like boosting economic growth, job creation, and improving infrastructure and social services. It allocates increased funding for agriculture, rural development, education, healthcare and other social sectors. It also focuses on reforms to improve ease of doing business, financial sector regulation, and public-private partnerships.
The document analyzes the Indian budget for 2016 and its potential impacts. It discusses three main themes of past budgets: consumption orientation, capital orientation, and socialistic orientation. The 2016 budget aims to boost consumption, focus on agriculture and rural development, maintain fiscal discipline, and stimulate growth through infrastructure spending and other reforms. The budget is expected to help corporate earnings and economic growth over the medium term, making current market valuations attractive for long term investors.
This document provides a summary of the Economic Survey of India for the fiscal year 2015-2016. It is divided into 10 chapters that cover the following topics:
1. Macroeconomic outlook and prospects for the Indian economy.
2. Fiscal framework and need to revisit fiscal policy given new government and Finance Commission recommendations.
3. Role of technology in direct cash transfers to reduce poverty and vulnerability.
4. Analysis of stalled infrastructure projects and their impact on private investment.
5. Diagnosis of issues in banking sector and need for reforms.
6. Role of railways in driving future growth.
7. Debate around manufacturing vs services sectors for economic transformation.
8
The Indian economy has shown promising growth prospects in 2014-15 compared to other large economies. Growth revived in 2013-14 and gained strength in 2014-15 due to declining oil prices, increased funds flows, and reform initiatives by the new central government. However, continued subdued global demand and challenges in agriculture, skills, and infrastructure pose risks. Advance Estimates for 2014-15 show strong domestic demand has kept growth momentum despite sluggish exports due to global slowdown.
The document summarizes the current economic situation in India and key initiatives in the Union Budget of 2014-2015 to address economic challenges and promote growth. It notes a sub-5% GDP growth rate and high inflation. The budget aims to reduce the fiscal deficit, boost manufacturing and infrastructure, and increase tax revenues. It outlines measures to promote FDI, banking capitalization, smart cities, rural development, education, healthcare, and support for agriculture, housing, minorities, and women and child development.
The Reserve Bank of India has decided to keep the policy repo rate unchanged at 8.0% while making some adjustments to liquidity measures. Headline inflation has declined due to lower food prices but core inflation remains high, suggesting some demand pressures persist. GDP growth is projected to be 5-6% in 2014-15 if inflation remains on target. The policy will focus on keeping inflation on its disinflationary glidepath to hit 8% by January 2015 and 6% by January 2016. Some progress was made on developmental and regulatory policies including banking structure reforms and financial market development.
The Reserve Bank of India has decided to keep its policy repo rate unchanged at 8.0% based on its assessment of the current macroeconomic situation in India. Inflation has been declining steadily and is expected to remain around 6% over the next year. While economic activity has slowed, conditions are improving for a pickup in growth for the fourth quarter and next fiscal year if coordinated policy efforts are successful.
The document provides an overview of the key features of the Indian Union Budget for 2015-2016. It discusses the state of the Indian economy, challenges, and the government's plans and targets in areas such as fiscal policy, agriculture, infrastructure, financial markets, taxation, and social programs. The budget aims to achieve high economic growth of 8-8.5%, implement important reforms like GST and financial inclusion programs, boost investment in infrastructure, and address issues in sectors like agriculture, education and healthcare.
India SME Forum - Synopsis of Union Budget 29 Feb 2016. India SME Forum
The document summarizes key features of the Indian government's budget for 2016-2017. It outlines priorities like boosting economic growth, job creation, and improving infrastructure and social services. It allocates increased funding for agriculture, rural development, education, healthcare and other social sectors. It also focuses on reforms to improve ease of doing business, financial sector regulation, and public-private partnerships.
The document analyzes the Indian budget for 2016 and its potential impacts. It discusses three main themes of past budgets: consumption orientation, capital orientation, and socialistic orientation. The 2016 budget aims to boost consumption, focus on agriculture and rural development, maintain fiscal discipline, and stimulate growth through infrastructure spending and other reforms. The budget is expected to help corporate earnings and economic growth over the medium term, making current market valuations attractive for long term investors.
This document provides a summary of the Economic Survey of India for the fiscal year 2015-2016. It is divided into 10 chapters that cover the following topics:
1. Macroeconomic outlook and prospects for the Indian economy.
2. Fiscal framework and need to revisit fiscal policy given new government and Finance Commission recommendations.
3. Role of technology in direct cash transfers to reduce poverty and vulnerability.
4. Analysis of stalled infrastructure projects and their impact on private investment.
5. Diagnosis of issues in banking sector and need for reforms.
6. Role of railways in driving future growth.
7. Debate around manufacturing vs services sectors for economic transformation.
8
The Indian economy has shown promising growth prospects in 2014-15 compared to other large economies. Growth revived in 2013-14 and gained strength in 2014-15 due to declining oil prices, increased funds flows, and reform initiatives by the new central government. However, continued subdued global demand and challenges in agriculture, skills, and infrastructure pose risks. Advance Estimates for 2014-15 show strong domestic demand has kept growth momentum despite sluggish exports due to global slowdown.
The document summarizes the current economic situation in India and key initiatives in the Union Budget of 2014-2015 to address economic challenges and promote growth. It notes a sub-5% GDP growth rate and high inflation. The budget aims to reduce the fiscal deficit, boost manufacturing and infrastructure, and increase tax revenues. It outlines measures to promote FDI, banking capitalization, smart cities, rural development, education, healthcare, and support for agriculture, housing, minorities, and women and child development.
The Reserve Bank of India has decided to keep the policy repo rate unchanged at 8.0% while making some adjustments to liquidity measures. Headline inflation has declined due to lower food prices but core inflation remains high, suggesting some demand pressures persist. GDP growth is projected to be 5-6% in 2014-15 if inflation remains on target. The policy will focus on keeping inflation on its disinflationary glidepath to hit 8% by January 2015 and 6% by January 2016. Some progress was made on developmental and regulatory policies including banking structure reforms and financial market development.
The document provides an overview and summary of key aspects of the Union Budget for 2015-16 presented by the Finance Minister of India. It discusses the economic performance in 2014-15 with GDP growth of 8.4% and declining inflation. It outlines the fiscal deficit target of 3.9% of GDP for 2015-16. It highlights sectors like agriculture, banking, infrastructure, and social security initiatives. The budget aims to boost investment in infrastructure, support rural development and farmers, promote ease of doing business, and provide social security to more citizens.
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.
The document discusses India's challenge of job creation and evaluates Prime Minister Narendra Modi's progress after one year in power. It notes that while Modi campaigned on creating millions of jobs, the reality is more complex. Initiatives like "Make in India" and skills training could boost employment, but challenges remain around infrastructure, bureaucracy, and flexible labor laws. Overall, the outlook is cautiously optimistic - if reforms continue, sectors like renewable energy, healthcare, and e-commerce may see substantial hiring, but substantial changes are still needed for initiatives to fully impact job growth.
- The union budget aims to revive India's economic growth while maintaining fiscal discipline. It focuses on initiatives to boost manufacturing, infrastructure, foreign investment, smart cities, and the rural economy.
- The budget sets a fiscal deficit target of 4.1% of GDP for the current year and outlines a roadmap to reduce it further in upcoming years. It also aims to control inflation while promoting growth.
- Key areas of focus and allocation include higher education, agriculture credit, renewable energy, defense, tourism, and cleaning the Ganga river. The overall budget prioritizes initiatives for women, children and development in the North East region.
Sourajit Aiyer - Business & Money UK - Will the Indian Elephant dance again, ...South Asia Fast Track
The document discusses the economic challenges facing India's new Prime Minister, including slowing GDP growth, high inflation, and pressure on public finances. It outlines several areas that need to be addressed such as reviving economic growth through reforms and investments, reining in public spending, reducing inflation, supporting agriculture, boosting jobs, and making industrial and export growth a priority. Addressing these challenges will be difficult but necessary for India's economy to improve.
HVS - 2015 - Hotels in India Trends & OpportunitiesHemangi Bhandari
This document is the 2015 edition of the HVS Hotels in India Trends & Opportunities report. It provides an overview of key trends in the Indian hotel industry and economy in 2014/15. Hotel survey participation reached a record high of 872 hotels and 1.08 million rooms. GDP growth was estimated at 7.4% for 2014/15, with the services sector growing at 10.6%. The travel and tourism industry contributed $7.6 billion (6.7%) to India's GDP in 2014 and is projected to contribute $16.6 billion (7.6%) by 2025. Foreign tourist arrivals grew by 7.1% in 2014.
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
UK economy is showing signs of posting a strong pull-back. China on the other hand is facing the prospects of a slower growth this year. We cover this in the section on *Global Trends* in this month’s issue of Economy Matters.
In the section on *Domestic Trends*, we discuss the trends emanating out of the recent releases on GDP, Balance of Payments, IIP and Inflation during the month of February 2014.
In *Investment Tracker*, we analyse the latest data on investment proposals.
The *Sectoral* spotlight for this issue is on Travel & Tourism, which holds strategic importance in the Indian economy providing several socio economic benefits.
In *Focus of the Month*, we discuss the employment creation challenge that the economy is facing currently. In addition to our own analysis, we have carried articles from eminent experts on the subject.
This document provides a weekly media update from Balmer Lawrie, including news articles mentioning Balmer Lawrie and news from industries relevant to Balmer Lawrie's business. It includes articles about ADB lowering India's growth forecast, the Modi government's focus on private sector growth, declining imports and exports in India, falling wholesale inflation, upcoming CPSE strategic disinvestments, and plans to lower government stakes in select state-run entities to 26%.
India's economy is expected to grow at over 7.6% for the next 10 years, led by growing sectors like manufacturing, retail, and ecommerce. The government is pursuing policies to support growth such as banking reforms and infrastructure development, though fiscal deficits remain a challenge. Canada seeks to increase trade with India through agreements like FIPA to access its rapidly expanding market.
Nurturing the Start-ups – for building economyResurgent India
The document discusses nurturing start-ups to build the Indian economy. It summarizes that MSMEs are a key driver of India's economic growth, providing employment and equitable development. However, MSMEs face challenges accessing financing due to their risk profile. The document calls for enabling policies to provide funding and support to help MSMEs realize their potential and further fuel India's economic growth.
This document summarizes policies and programs in India to promote entrepreneurship. It discusses various government schemes like Startup India, Make in India, and Atal Innovation Mission that provide funding, mentorship and incubation support. It also outlines entrepreneurship development programs run by organizations like Entrepreneurship Development Institute of India and National Institute for Entrepreneurship and Small Business Development that offer training and skills development. The document concludes that such schemes and programs play a critical role in developing the economy but need better coordination and alignment with regional needs to maximize their impact.
India's Finance Minister Arun Jaitley announced the budget for fiscal year 2015-2016, aiming to balance growth with fiscal discipline. Key points include:
- GDP growth projected between 8-8.5%
- Fiscal deficit targeted at 3.9% of GDP
- Corporate tax to be reduced from 30% to 25% over four years
- Infrastructure investment to increase by 700 billion rupees
- Agricultural incomes and rural employment to be strengthened
This document summarizes several beneficial research tools including Google Scholar, Web of Science, Scopus, ORCID, DOI, ResearchGate, and Academia.edu. Google Scholar is a freely accessible search engine that indexes scholarly literature. Web of Science and Scopus are subscription-based databases that provide comprehensive citation searching. ORCID and DOI are systems for uniquely identifying researchers and digital objects, respectively. ResearchGate and Academia.edu are social networking sites for researchers to share work and collaborate.
El documento habla sobre los engranajes, que son mecanismos utilizados para transmitir potencia de un componente a otro dentro de una máquina. Los engranajes están formados por dos ruedas dentadas, una mayor llamada corona y una menor llamada piñón. Los engranajes sirven para transmitir movimiento circular mediante el contacto de las ruedas dentadas. Una aplicación importante de los engranajes es la transmisión de movimiento desde un eje motor como un motor de combustión hasta otro eje a distancia que realiza trabajo.
1) Murat encounters a group of creepers in the forest near Redcloud Village and runs to the village for safety.
2) Işıl is alone at her school, Redcloud Primary School, when she hears strange noises and sees a group of giant spiders climbing the outside of the building and breaking in through a window. She runs from the school to the village.
3) Özgür is walking along Redstone Street in Redcloud Village when he notices zombies following him. He runs to the village waterwell where he finds his friends Murat and Işıl.
Aula ministrada no II Encontro Paranaense da SBDOF.
O tema mostra como a escolha do fármaco a ser prescrito pode estar relacionado aos mecanismos de dor crônica na terapia indicada para Disfunção Temporomandibular (DTM).
Dr. Arjun Srinivasan - In-Patient Antimicrobial Resistance (AMR) IssuesJohn Blue
This document discusses national efforts in the United States to improve antibiotic stewardship in healthcare settings. It outlines the goal of ensuring every hospitalized patient receives optimal antibiotic treatment. It also aims for every hospital to have an active antibiotic stewardship program. The document discusses lessons learned from preventing healthcare associated infections and how establishing well-defined interventions, measurement systems, education, goals and new policies can help create a national antibiotic stewardship program. It also outlines core elements of effective hospital antibiotic stewardship programs and challenges in measuring antibiotic use and appropriateness.
The document provides an overview and summary of key aspects of the Union Budget for 2015-16 presented by the Finance Minister of India. It discusses the economic performance in 2014-15 with GDP growth of 8.4% and declining inflation. It outlines the fiscal deficit target of 3.9% of GDP for 2015-16. It highlights sectors like agriculture, banking, infrastructure, and social security initiatives. The budget aims to boost investment in infrastructure, support rural development and farmers, promote ease of doing business, and provide social security to more citizens.
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.
The document discusses India's challenge of job creation and evaluates Prime Minister Narendra Modi's progress after one year in power. It notes that while Modi campaigned on creating millions of jobs, the reality is more complex. Initiatives like "Make in India" and skills training could boost employment, but challenges remain around infrastructure, bureaucracy, and flexible labor laws. Overall, the outlook is cautiously optimistic - if reforms continue, sectors like renewable energy, healthcare, and e-commerce may see substantial hiring, but substantial changes are still needed for initiatives to fully impact job growth.
- The union budget aims to revive India's economic growth while maintaining fiscal discipline. It focuses on initiatives to boost manufacturing, infrastructure, foreign investment, smart cities, and the rural economy.
- The budget sets a fiscal deficit target of 4.1% of GDP for the current year and outlines a roadmap to reduce it further in upcoming years. It also aims to control inflation while promoting growth.
- Key areas of focus and allocation include higher education, agriculture credit, renewable energy, defense, tourism, and cleaning the Ganga river. The overall budget prioritizes initiatives for women, children and development in the North East region.
Sourajit Aiyer - Business & Money UK - Will the Indian Elephant dance again, ...South Asia Fast Track
The document discusses the economic challenges facing India's new Prime Minister, including slowing GDP growth, high inflation, and pressure on public finances. It outlines several areas that need to be addressed such as reviving economic growth through reforms and investments, reining in public spending, reducing inflation, supporting agriculture, boosting jobs, and making industrial and export growth a priority. Addressing these challenges will be difficult but necessary for India's economy to improve.
HVS - 2015 - Hotels in India Trends & OpportunitiesHemangi Bhandari
This document is the 2015 edition of the HVS Hotels in India Trends & Opportunities report. It provides an overview of key trends in the Indian hotel industry and economy in 2014/15. Hotel survey participation reached a record high of 872 hotels and 1.08 million rooms. GDP growth was estimated at 7.4% for 2014/15, with the services sector growing at 10.6%. The travel and tourism industry contributed $7.6 billion (6.7%) to India's GDP in 2014 and is projected to contribute $16.6 billion (7.6%) by 2025. Foreign tourist arrivals grew by 7.1% in 2014.
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
UK economy is showing signs of posting a strong pull-back. China on the other hand is facing the prospects of a slower growth this year. We cover this in the section on *Global Trends* in this month’s issue of Economy Matters.
In the section on *Domestic Trends*, we discuss the trends emanating out of the recent releases on GDP, Balance of Payments, IIP and Inflation during the month of February 2014.
In *Investment Tracker*, we analyse the latest data on investment proposals.
The *Sectoral* spotlight for this issue is on Travel & Tourism, which holds strategic importance in the Indian economy providing several socio economic benefits.
In *Focus of the Month*, we discuss the employment creation challenge that the economy is facing currently. In addition to our own analysis, we have carried articles from eminent experts on the subject.
This document provides a weekly media update from Balmer Lawrie, including news articles mentioning Balmer Lawrie and news from industries relevant to Balmer Lawrie's business. It includes articles about ADB lowering India's growth forecast, the Modi government's focus on private sector growth, declining imports and exports in India, falling wholesale inflation, upcoming CPSE strategic disinvestments, and plans to lower government stakes in select state-run entities to 26%.
India's economy is expected to grow at over 7.6% for the next 10 years, led by growing sectors like manufacturing, retail, and ecommerce. The government is pursuing policies to support growth such as banking reforms and infrastructure development, though fiscal deficits remain a challenge. Canada seeks to increase trade with India through agreements like FIPA to access its rapidly expanding market.
Nurturing the Start-ups – for building economyResurgent India
The document discusses nurturing start-ups to build the Indian economy. It summarizes that MSMEs are a key driver of India's economic growth, providing employment and equitable development. However, MSMEs face challenges accessing financing due to their risk profile. The document calls for enabling policies to provide funding and support to help MSMEs realize their potential and further fuel India's economic growth.
This document summarizes policies and programs in India to promote entrepreneurship. It discusses various government schemes like Startup India, Make in India, and Atal Innovation Mission that provide funding, mentorship and incubation support. It also outlines entrepreneurship development programs run by organizations like Entrepreneurship Development Institute of India and National Institute for Entrepreneurship and Small Business Development that offer training and skills development. The document concludes that such schemes and programs play a critical role in developing the economy but need better coordination and alignment with regional needs to maximize their impact.
India's Finance Minister Arun Jaitley announced the budget for fiscal year 2015-2016, aiming to balance growth with fiscal discipline. Key points include:
- GDP growth projected between 8-8.5%
- Fiscal deficit targeted at 3.9% of GDP
- Corporate tax to be reduced from 30% to 25% over four years
- Infrastructure investment to increase by 700 billion rupees
- Agricultural incomes and rural employment to be strengthened
This document summarizes several beneficial research tools including Google Scholar, Web of Science, Scopus, ORCID, DOI, ResearchGate, and Academia.edu. Google Scholar is a freely accessible search engine that indexes scholarly literature. Web of Science and Scopus are subscription-based databases that provide comprehensive citation searching. ORCID and DOI are systems for uniquely identifying researchers and digital objects, respectively. ResearchGate and Academia.edu are social networking sites for researchers to share work and collaborate.
El documento habla sobre los engranajes, que son mecanismos utilizados para transmitir potencia de un componente a otro dentro de una máquina. Los engranajes están formados por dos ruedas dentadas, una mayor llamada corona y una menor llamada piñón. Los engranajes sirven para transmitir movimiento circular mediante el contacto de las ruedas dentadas. Una aplicación importante de los engranajes es la transmisión de movimiento desde un eje motor como un motor de combustión hasta otro eje a distancia que realiza trabajo.
1) Murat encounters a group of creepers in the forest near Redcloud Village and runs to the village for safety.
2) Işıl is alone at her school, Redcloud Primary School, when she hears strange noises and sees a group of giant spiders climbing the outside of the building and breaking in through a window. She runs from the school to the village.
3) Özgür is walking along Redstone Street in Redcloud Village when he notices zombies following him. He runs to the village waterwell where he finds his friends Murat and Işıl.
Aula ministrada no II Encontro Paranaense da SBDOF.
O tema mostra como a escolha do fármaco a ser prescrito pode estar relacionado aos mecanismos de dor crônica na terapia indicada para Disfunção Temporomandibular (DTM).
Dr. Arjun Srinivasan - In-Patient Antimicrobial Resistance (AMR) IssuesJohn Blue
This document discusses national efforts in the United States to improve antibiotic stewardship in healthcare settings. It outlines the goal of ensuring every hospitalized patient receives optimal antibiotic treatment. It also aims for every hospital to have an active antibiotic stewardship program. The document discusses lessons learned from preventing healthcare associated infections and how establishing well-defined interventions, measurement systems, education, goals and new policies can help create a national antibiotic stewardship program. It also outlines core elements of effective hospital antibiotic stewardship programs and challenges in measuring antibiotic use and appropriateness.
El documento explica cómo calcular la resistencia equivalente en circuitos eléctricos conectados en paralelo y serie-paralelo. En circuitos paralelos, la resistencia equivalente se calcula como 1/Rtotal = 1/R1 + 1/R2 + 1/R3. En circuitos mixtos, primero se reducen las partes en paralelo y luego se suman las resistencias restantes en serie.
LEVAS Y ENGRANAJES:
Vamos a ver a continuacion que es una leva y un engranaje
Las levas y engranajes, ambos son elementos que sirven para la mecanica.
*LEVAS una leva es un elemento que se sujeta a un eje por un punto que no es su centro. algunas de las levas son de forma ovoide. El giro del eje hace que el perfil o contorno de la leva toque, mueva, empuje o conecte con una pieza conocida como seguidor. se conoce a la union de una leva como la union de un punto en caso de un plano o una union de linea en caso del espacio.Hay dos tipos de seguidores que son de rotacion y de traslacion.
hay levas (algunas) que tienen unos dientes, que son los que aumentan el contacto con el seguidor, una leva, tiene una forma que depende del tipo de movimiento que quiere que imprima un seguidor.
Ejemplos: árbol de levas del motor de combustión interna, programador de lavadoras, etc. Las levas se pueden clasificar en función de su naturaleza. Hay levas de revolución, de traslación, desmodrómicas (las que realizan una acción de doble efecto), etc. La máquina que se usa para fabricar levas se llama generadora.
*ENGRANAJESun engranaje es un mecanismo que se usa para transmitir la potencia de algun componente a otro en una maquina, y estan formados por dos ruedas dentadas, donde la mayor se llama corona y la menor piñon; sirven para transmitir movimientos circulares por medio del contacto de las ruedas dentadas.
Una ventaja que tienen las transmisiones por medio de un engranaje por respecto de la transmision por poleas, es que no patinan como las poleas, por eso se obtiene con exactitud la relacion de la transmision.
El mecanismo de engranajes más antiguo de cuyos restos disponemos es el mecanismo de Anticitera. Se trata de una calculadora astronómica datada entre el 150 y el 100 a. C. y compuesta por al menos 30 engranajes de bronce con dientes triangulares. Presenta características tecnológicas avanzadas como por ejemplo trenes de engranajes epicicloidales que, hasta el descubrimiento de este mecanismo, se creían inventados en el siglo XIX. Por citas de Cicerón se sabe que el de Anticitera no fue un ejemplo aislado sino que existieron al menos otros dos mecanismos similares en esa época, construidos por Arquímedes y por Posidonio. Por otro lado, a Arquímedes se le suele considerar uno de los inventores de los engranajes porque diseñó un tornillo sin fin.
This document provides an overview and key highlights of the Indian Union Budget for 2015-2016. It discusses the state of the Indian economy, challenges, and the government's plans and priorities over the coming fiscal year. These include continuing economic reforms, boosting infrastructure development, supporting agriculture and rural development, expanding access to financial services, healthcare, education and skills training, and promoting initiatives like Make in India and Digital India. Fiscal targets of 3.9%, 3.5%, and 3.0% deficits are laid out for the next three years. The budget aims to balance fiscal discipline with funding critical social and economic programs to sustain high growth and development.
The document summarizes the current economic situation in India and key initiatives in the Union Budget of 2014-2015 to address economic challenges and promote growth. It outlines steps to reduce fiscal and current account deficits, boost manufacturing and infrastructure sectors, increase tax revenues, and revive growth. It provides details on initiatives for agriculture, education, health, rural development, women and child welfare, and industries among others. The budget aims to achieve macroeconomic stability and a growth rate of 7-8% over the next 3-4 years.
Budget 2014 2015 FOR ALL THE CORPORATES(CA,CS,CWA)ABC
The document summarizes the current economic situation in India and key initiatives in the Union Budget of 2014-2015 to address economic challenges and promote growth. It outlines steps to reduce fiscal and current account deficits, boost manufacturing and infrastructure sectors, increase tax revenues, and revive growth. It provides details on initiatives for agriculture, education, health, rural development, women and child welfare, and industries among others. The budget aims to achieve macroeconomic stability and a growth rate of 7-8% over the next 3-4 years.
Opening speech by Mr Ramathan Ggoobi, Permanent Secretary/Secretary to the Treasury at the Conference on Reshaping the tax system to support the Financial Sector Development Strategy (FSDS)
Kampala, Uganda, 14th–15th December 2022
The two-day conference was convened by Uganda's Ministry of Finance, Planning and Economic Development, and co-hosted by ICTD's DIGITAX Research Programme and TaxDev.
The document summarizes India's current economic state and the progressive policy measures taken by the new government to boost growth. It notes that GDP growth is projected to improve to around 5.5-5.6% for 2014-15 after slowing in previous years. Inflation is declining and the current account deficit has been reduced. The government's first budget and other policy announcements are aimed at improving business environment and infrastructure development. Suggestions are provided to further stimulate demand and investment.
This document provides an overview of the key points from the Indian Union Budget for 2015-2016. Some of the main points included accelerating economic growth to between 8-8.5%, controlling inflation below 6%, increasing investment in infrastructure, skill development initiatives, social security programs, expanding financial inclusion efforts, and fiscal consolidation with the aim of reducing the fiscal deficit to 3% of GDP over 3 years. The budget also outlined various initiatives related to agriculture, rural development, education, healthcare, tourism, and renewable energy.
- FICCI commented on the RBI's decision to keep policy rates unchanged, saying it is disappointing for industry given weak demand conditions. Stimulus is needed to boost demand and investment. Inflation is expected to remain within RBI's target range.
- IIP growth shows manufacturing picking up but remains sluggish. Positive capital goods growth indicates rising investment. Measures to ease business have started working but negative consumer demand is a concern.
- WPI inflation remained unchanged at -2.4% in June. Monsoon rains are good for agriculture. Inflation likely to stay within RBI target. However, industry growth remains volatile and demand weak. RBI should maintain an accommodative stance
The document contains summaries of statements made by FICCI (Federation of Indian Chambers of Commerce and Industry) on various economic issues:
1) FICCI commented on latest WPI inflation numbers, noting a continuation of deflationary trends but pressure on some food prices. Raising agricultural productivity and supply management are key to addressing rising food prices. Continued deflation also reflects weak demand and industrial recovery remains precarious.
2) FICCI commented on falling IIP data, noting steep manufacturing decline due to slowing exports and domestic demand, especially in rural areas. This underscores the need for investment stimulus and reforms to diversify exports and boost demand.
3) At a pre-budget meeting,
- FICCI welcomed growth in exports but warned of rising trade deficit and uncertain global environment. It urged monitoring trade deficit and including services trade in export data.
- FICCI commented on moderating inflation and food prices, and advocated for coordinated action to address food inflation. Its survey forecast inflation at 5.6% by March 2015.
- FICCI noted signs of manufacturing growth but said recovery may be slow and output growth needs to pick up further.
FICCI commented positively on the Union Budget 2015-16, saying it laid out a clear roadmap for doubling India's growth rate and set national targets out to 2022. The budget increased infrastructure spending, rationalized the corporate tax structure, and boosted several key programs. FICCI also welcomed other government measures that increased funding for states, focused on rail investment, and identified root causes of black money generation.
Impact of Government Policies on productivityBirpartap Singh
Government policies have impacted productivity in various sectors in India. In manufacturing, total factor productivity growth was slow or negative from 1951-1979 but has not improved significantly in the post-reform period from 1980-2007. In agriculture, total factor productivity growth rates were approximately 1.45-2.33% per year between 1973-1993. In the automotive industry, policies like allowing 100% FDI and exempting manufacturing from licensing have supported growth. However, productivity in India's defense sector has been limited by the government's failure to sufficiently encourage private sector involvement in defense production.
The document provides an analysis of key aspects of the Union Budget for 2020-21 presented by the Finance Minister Nirmala Sitharaman. Some of the highlights included in the 3-page summary are:
1) Removal of the Dividend Distribution Tax (DDT) and changes to tax slabs for individuals.
2) Measures to support the education, NBFC, MSME, and digital sectors through initiatives like allowing top universities to offer online degrees, debt relief for MSMEs, and expanding digital connectivity across the country.
3) Increased allocation for women's programs and a focus on nutrition, health, safety, and empowerment of women in the budget.
4
1. The document discusses the MSME sector in India, noting that it plays a pivotal role in economic and social development by generating employment and contributing to industrial production and exports.
2. It provides an overview of recent government initiatives to promote the MSME sector, including constituting a task force and council to develop policies and review the sector's growth.
3. While globalization has increased competition, the government is developing strategies to support MSME competitiveness through initiatives like improving access to funds, technology upgrades, and developing incubation infrastructure.
This document contains summaries of several knowledge papers published by FICCI (Federation of Indian Chambers of Commerce and Industry).
The first paper discusses the Indian construction chemicals industry, noting that it has grown 17% over the last 5 years and is expected to continue growing by 15-16% annually due to government investment plans. However, low awareness, lack of skilled labor, and high price sensitivity present challenges.
The second paper focuses on the potential of plastics industry in Northern India, particularly for agriculture applications. It notes plastics can help address falling water tables while boosting food production and security.
The third paper evaluates a public-private partnership project in Maharashtra that aimed to improve pulse crop productivity,
It gives me a pleasure to present the summary and analysis of Union Budget 2015.
While you may have the snapshot, here is a document which will not only give you crisp highlights, but would also decode the impact of Budget 2015 on You, Your company and Your sector.
Hope you find this analysis useful in taking business decisions and align your company's strategy with over all economic climate for the upcoming financial year.
Would love to hear your feedback on the usefulness of the same.
CII has identified accelerating growth and creating employment as the foremost priorities for the nation as we recover from two years of slow growth and falling investments. We believe that a proactive reform agenda could lift GDP growth to 6.5 per cent this year and to above 8 per cent by 2016-17. The objective should be to create 150 million jobs over the next decade. The CII Theme for the year therefore is ‘Accelerating Growth, Creating Employment’.
In this issue of Policy Watch, we examine the critically important enablers that have the potential to boost economic growth, and help India return to a high-growth trajectory. These enablers include:
• Education System
• Skill Development
• Economic Growth
• Manufacturing Sector Growth
• Investments
• Ease of Doing Business
• Export Competitiveness
• Legal and Regulatory Architecture
• Labour Law Reforms
• Entrepreneurship
The finance minister maintained a commendable balance between the evenly stronger and mostly diverging compulsions of economic growth, fiscal discipline and political expediency.
Most of the budget provisions are inarguably aimed at ensuring inclusive growth, and bringing in equity in taxation and provisions.
A record number of measures have been introduced, to bring predictability, transparency and conciliation in the tax regime of the country.
The document discusses the importance of Micro, Small and Medium Enterprises (MSMEs) for India's economic development and growth. Some key points:
1) MSMEs contribute significantly to India's GDP, exports, manufacturing output and employment. Their role in employment generation is especially important given India's large young population.
2) The government has taken several policy measures to promote the growth and competitiveness of MSMEs, including increasing planned allocations for the sector, the Make in India initiative, redefining MSME classifications, and frameworks for revival of sick MSMEs.
3) However, MSMEs still face challenges like access to finance, skilled labor shortages, and outdated technology.
The document provides an overview and analysis of the Union Budget of India for 2015-2016. Some key points:
- The budget continues the government's focus on gradual simplification of tax laws, withdrawing fiscal stimulus, and building rural infrastructure through an incremental approach rather than major reforms.
- There is a greater influence of market economists in the budget compared to the past, which should please financial markets.
- The budget lays out plans to work towards the government's Vision 2022 of comprehensive development across sectors like housing, power, water, education, and healthcare.
- There is a shift towards enabling citizens through skills training and access to services rather than just providing subsidies, as well as moves to accelerate global
The document summarizes key points from India's 2015 union budget and rail budget. The union budget aimed for 8% GDP growth, promoted "Make in India," and increased infrastructure investment. It also eased business regulations and focused on clean energy. The rail budget prioritized safety, technology adoption, and becoming more disabled-friendly. While the budgets aimed to boost growth, some criticized its lack of education funding and failure to lower income tax brackets. Overall, the budgets sought to promote investment and position India's economy for stronger performance.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
2. 1
INTRODUCTION
CredibilityofIndianeconomyhasbeenre-establishedinthelastninemonths.
Indian economy about to take-off on a fast growth trajectory.
Most growth forecasts have upgraded Indian economic growth while downgrading
globaleconomicgrowth.
Economically empowered States are equal partners to Indian economic growth.
Roundtheclock,roundtheyearGovernmenttopursueacceleratedgrowth,enhanced
investmentforthebenefitofallIndians.
Afterinheritinganeconomywithsentimentsof“doomandgloom”withadversemacro-
economicindicators,ninemonthshaveseenatturnaround,makingIndiafastestgrowing
large economy in the World with a real GDP growth expected to be 7.4% (New
Series).
Stock market - Second best performing in 2014.
Macro-economicstabilityandconditionsforsustainablepovertyalleviation,jobcreation
anddurabledoubledigiteconomicgrowthhavebeenachieved.
Restored the trust of the people on the Government by delivering on different areas.
Three Key achievements:
FinancialInclusion-12.5croresfamiliesfinanciallymainstreamedin100days.
Transparent Coal Block auctions to augment resources of the States.
Swachh Bharat is not only a programme to improve hygiene and cleanliness but has
become a movement to regenerate India.
Gamechangingreformsontheanvil:
♦ Goods and ServiceTax (GST)
♦ Jan Dhan,Aadhar and Mobile (JAM) - for direct benefit transfer.
STATE OFECONOMY
Inflation
Inflationdeclined-astructuralshift
CPIinflationprojectedat5%bytheendoftheyear,consequently,easingofmonetary
policy.
Key Features of Budget 2015-2016
3. 2
Monetary Policy FrameworkAgreement with RBI, to keep inflation below 6%.
GDP growth in 2015-16, projected to be between 8 to 8.5%.
Amrut Mahotsav - The year 2022, 75th year of Independence
Vision for “Team India” led by PM
Housing for all - 2 crore houses in Urban areas and 4 crore houses in Rural areas.
Basicfacilityof24x7power,cleandrinkingwater,atoiletandroadconnectivity.
At least one member has access to means for livelihood.
Substantialreductioninpoverty.
Electrificationoftheremaining20,000villagesincludingoff-gridSolarPower-by2020.
Connecting each of the 1,78,000 un-connected habitation.
Providingmedicalservicesineachvillageandcity.
EnsureaSeniorSecondarySchoolwithin5kmreachofeverychild,whileimproving
qualityofeducationandlearningoutcomes.
Tostrengthenruraleconomy-increaseirrigatedarea,improvetheefficiencyofexisting
irrigationsystems,andensurevalueadditionandreasonablepriceforfarmproduce.
Ensurecommunicationconnectivitytoallvillages.
TomakeIndia,themanufacturinghuboftheWorldthroughSkillIndiaandtheMake
inIndiaProgrammes.
Encourage and grow the spirit of entrepreneurship - to turn youth into job creators.
DevelopmentofEasternandNorthEasternregionsonparwiththerestofthecountry.
Major ChallengesAhead
Five major challenges:Agricultural income under stress, increasing investment in
infrastructure,declineinmanufacturing,resourcecrunchinviewofhigherdevolutionin
taxestostates,maintainingfiscaldiscipline.
Tomeetthesechallengespublicsectorneedstostepintocatalyseinvestment,makein
india programme to create jobs in manufacturing, continue support to programmes
withimportantnationalprioritiessuchasagriculture,education,health,MGNREGA,
ruralinfrastructureincludingroads.
Challengeofmaintainingfiscaldeficitof4.1%ofGDPmetin2014-15,despitelower
nominalGDPgrowthduetolowerinflationandconsequentsub-duedtaxbuoyancy.
Fiscal Roadmap
Government firm on journey to achieve fiscal target of 3% of GDP.
Realistic figures shown in fiscal account without showing exaggerated revenue
projections.
4. 3
Withimprovedeconomy,pressuretoacceleratefiscalconsolidationtoohasdecreased.
Accordingly, journey for fiscal deficit target of 3% will be achieved in 3 years rather
than 2 years. The fiscal deficit targets are 3.9%, 3.5% and 3.0% in FY 2015-16,
2016-17 & 2017-18 respectively.
Additionalfiscalspacewillgotofundinginfrastructureinvestment.
NeedtoviewpublicfinancesfromaNationalperspectiveandnotjusttheperspective
of the Central Government. Aggregate public expenditure of the Governments, as a
whole can be expected to rise substantially.
Disinvestmenttoincludebothdisinvestmentinlossmakingunits,andsomestrategic
disinvestment.
Good governance
Needtocutsubsidyleakages,notsubsidiesthemselves.Toachievethis,Government
committedtotheprocessofrationalizingsubsidies.
DirectTransfer of Benefits to be extended further with a view to increase the number
of beneficiaries from 1 crore to 10.3 crore.
Agriculture
Major steps take to address the two major factors critical to agricultural production,
that of soil and water.
‘Paramparagat KrishiVikasYojana’to be fully supported.
‘Pradhanmantri Gram SinchaiYojana’to provide ‘Per Drop More Crop’.
`5,300 crore to support micro-irrigation, watershed development and the ‘Pradhan
Mantri Krishi SinchaiYojana’. States urged to chip in.
`25,000 crore in 2015-16 to the corpus of Rural Infrastructure Development Fund
(RIDF)setupinNABARD;`15,000croreforLongTermRuralCreditFund;`45,000
crore for ShortTerm Co-operative Rural Credit Refinance Fund; and `15,000 crore
forShortTermRRBRefinanceFund.
Target of `8.5 lakh crore of agricultural credit during the year 2015-16.
FocusonimprovingthequalityandeffectivenessofactivitiesunderMGNREGA.
Need to create a NationalAgriculture Market for the benefit farmers, which will also
have the incidental benefit of moderating price rises. Government to work with the
States, in NITI, for the creation of a Unified NationalAgriculture Market.
FundingtheUnfunded
MicroUnitsDevelopmentRefinanceAgency(MUDRA)Bank,withacorpusof`20,000
crores, and credit guarantee corpus of `3,000 crores to be created.
Inlending,prioritywillbegiventoSC/STenterprises.
5. 4
MUDRABankwillberesponsibleforrefinancingallMicro-financeInstitutionswhich
are in the business of lending to such small entities of business through a Pradhan
MantriMudraYojana.
ATradeReceivablesdiscountingSystem(TReDS)whichwillbeanelectronicplatform
forfacilitatingfinancingoftradereceivablesofMSMEstobeestablished.
ComprehensiveBankruptcyCodeofglobalstandardstobebroughtinfiscal2015-16
towards ease of doing business.
Postal network with 1,54,000 points of presence spread across villages to be used for
increasingaccessofthepeopletotheformalfinancialsystem.
NBFCs registered with RBI and having asset size of `500 crore and above may be
consideredfornotificationsas‘FinancialInstitution’intermsoftheSARFAESIAct,2002.
From Jan Dhan to Jan Suraksha
Governmenttoworktowardscreatingafunctionalsocial securitysystemforallIndians,
speciallythepoorandtheunder-privileged.
Pradhan Mantri Suraksha BimaYojna to cover accidental death risk of`2 Lakh for a
premium of just `12 per year.
AtalPensionYojanatoprovideadefinedpension,dependingonthecontributionand
theperiodofcontribution.Governmenttocontribute50%ofthebeneficiaries’premium
limited to `1,000 each year, for five years, in the new accounts opened before
31st December 2015.
Pradhan Mantri Jeevan Jyoti BimaYojana to cover both natural and accidental death
risk of `2 lakh at premium of `330 per year for the age group of 18-50.
Anew scheme for providing PhysicalAids andAssisted Living Devices for senior
citizens,livingbelowthepoevertyline.
Unclaimed deposits of about `3,000 crores in the PPF, and approximately `6,000
crores in the EPF corpus. The amounts to be appropriated to a corpus, which will be
usedtosubsidizethepremiumsonthesesocialsecurityschemesthroughcreationofa
SeniorCitizenWelfareFundintheFinanceBill.
Governmentcommittedtotheon-goingschemesforwelfareofSCs,STsandWomen.
Infrastructure
Sharp increase in outlays of roads and railways. Capital expenditure of public sector
units to also go up.
NationalInvestmentandInfrastructureFund(NIIF),tobeestablishedwithanannual
flow of `20,000 crores to it.
Tax free infrastructure bonds for the projects in the rail, road and irrigation sectors.
PPPmodeofinfrastructuredevelopmenttoberevisitedandrevitalised.
6. 5
Atal Innovation Mission (AIM) to be established in NITI to provide Innovation
PromotionPlatforminvolvingacademicians,anddrawinguponnationalandinternational
experiences to foster a culture of innovation , research and development. Asum of
`150 crore will be earmarked.
ConcernsofITindustriesforamoreliberalsystemofraisingglobalcapital,incubation
facilitiesinourCentresofExcellence,fundingforseedcapitalandgrowth,andeaseof
Doing Business etc. would be addressed for creating hundreds of billion dollars in
value.
(SETU)Self-EmploymentandTalentUtilization)tobeestablishedasTechno-financial,
incubationandfacilitationprogrammetosupportallaspectsofstart-upbusiness. `1000
crore to be set aside as initial amount in NITI.
Ports in public sector will be encouraged, to corporatize, and become companies
under the CompaniesAct to attract investment and leverage the huge land resources.
An expert committee to examine the possibility and prepare a draft legislation where
the need for multiple prior permission can be replaced by a pre-existing regulatory
mechanism. ThiswillfacilitateIndiabecominganinvestmentdestination.
5 new Ultra Mega Power Projects, each of 4000 MW, in the Plug-and-Play mode.
Financial Market
Public Debt Management Agency (PDMA) bringing both external and domestic
borrowings under one roof to be set up this year.
Enablinglegislation,amendingtheGovernmentSecuritiesActandtheRBIActincluded
intheFinanceBill,2015.
Forward Markets commission to be merged with SEBI.
Section-6ofFEMAtobeamendedthroughFinanceBilltoprovidecontroloncapital
flowsasequitywillbeexercisedbyGovernmentinconsultationwithRBI.
Proposal to create a Task Force to establish sector-neutral financial redressal agency
thatwilladdressgrievanceagainstallfinancialserviceproviders.
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,withoutexemptions.
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,
contributiontoEPFtobeoption,withoutaffectingemployees’contribution.
Monetising Gold
Goldmonetisationschemetoallowthedepositorsofgoldtoearninterestintheirmetal
accounts and the jewellers to obtain loans in their metal account to be introduced.
SovereignGoldBond,asanalternativetopurchasingmetalgoldschemetobedeveloped.
7. 6
CommenceworkondevelopinganIndiangoldcoin,whichwillcarrytheAshokChakra
on its face.
Investment
ForeigninvestmentsinAlternateInvestmentFundstobeallowed.
Distinctionbetweendifferenttypesofforeigninvestments,especiallybetweenforeign
portfolioinvestmentsandforeigndirectinvestmentstobedoneawaywith. Replacement
with composite caps.
AprojectdevelopmentcompanytofacilitatesettingupmanufacturinghubsinCMLV
countries,namely,Cambodia,Myanmar,LaosandVietnam.
Safe India
`1000 crores to the Nirbhaya Fund.
Tourism
Resources to be provided to start work along landscape restoration, signage and
interpretation centres, parking, access for the differently abled , visitors’ amenities,
includingsecuritiesandtoilets,illuminationandplansforbenefitingcommunitiesaround
thematvariousheritagesites.
Visas on arrival to be increased to 150 countries in stages.
Green India
Target of renewable energy capacity revised to 175000 MW till 2022, comprising
100000 MW Solar, 60000 MW Wind, 10000 MW Biomass and 5000 MW Small
Hydro.
Aneedforprocurementlawtocontainmalfeasanceinpublicprocurement.
ProposaltointroduceapublicContracts(resolutionofdisputes)Billtostreamlinethe
institutionalarrangementsforresolutionofsuchdisputes.
ProposaltointroducearegulatoryreformBillthatwillbringaboutacogencyofapproach
acrossvarioussectorsofinfrastructure.
Skill India
Lessthan5%ofourpotentialworkforcegetsformalskilltrainingtobeemployable. A
nationalskillmissiontoconsolidateskillinitiativesspreadaccrossseveralministriesto
belaunched.
DeenDayalUpadhyayGraminKaushalYojanatoenhancetheemployabilityofrural
youth.
A Committee for 100th birth celebration of Shri Deen Dayalji Upadhyay to be
announcedsoon.
AstudentFinancialAidAuthoritytoadministerandmonitorthefront-endallscholarship
as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi
Karyakram.
8. 7
AnIITtobesetupinKarnatakaandIndianSchoolofMines,Dhanbadtobeupgraded
intoafull-fledgedIIT.
New All India Institute of Medical Science (AIIMS) to be set up in J&K, Punjab,
Tamil Nadu, Himachal Pradesh andAssam.AnotherAIIMS like institutions to be set
upinBihar.
ApostgraduateinstituteofHorticultureResearch&EducationistobesetupinAmritsar.
3newNationalInstituteofPharmaceuticalsEducationandResearchinMaharashtra,
Rajasthan&ChattisgarhandoneinstituteofScienceandEducationResearchistobe
set up in Nagaland & Orissa each.
AnautonomousBankBoardBureautobesetuptoimprovethegovernanceofpublic
sector bank.
The National Optical Fibre Network Programme (NOFNP) to be further speeded up
byallowingwillingstatestoexecuteonreimbursementofcostbasis.
Special assistance to Bihar & West Bengal to be provided as in the case ofAndhra
Pradesh.
Government is committed to comply with all the legal commitments made toAP&
Telenganaatthetimeoftheirre-organisation.
Inspite of large increase in devolution to state sufficient fund allocated to education,
health,ruraldevelopment,housing,urbandevelopment,womenandchilddevelopment,
water resources & cleaning of Ganga.
PartofDelhi-MumbaiIndustrialCorridor(DMIC);Ahmedabad-DhauleraInvestment
regionandShendra-BidkinIndustrialParkarenowinapositiontostartworkonbasic
infrastructure.
MadeinIndiaandtheBuyandthemakeinIndiapolicyarebeingcarefullypursuedto
achievegreaterself-sufficiencyintheareaofdefenceequipmentincludingair-craft.
The first phase of GIFTto become a reality very soon. Appropriate regulations to be
issuedinMarch.
BUDGETESTIMATES
Non-PlanexpenditureestimatesfortheFinancialYearareestimatedat`13,12,200crore.
Plan expenditure is estimated to be`4,65,277 crore, which is very near to the R.E. of
2014-15.
Total Expenditure has accordingly been estimated at `17,77,477 crore.
The requirements for expenditure on Defence, Internal Security and other necessary
expenditures are adequately provided.
Gross Tax receipts are estimated to be `14,49,490 crore.
Devolution to the States is estimated to be `5,23,958.
Share of Central Government will be `9,19,842.
9. 8
NonTax Revenues for the next fiscal are estimated to be `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.
TAXPROPOSAL
Objectiveofstabletaxationpolicyandanon-adversarialtaxadministration.
Fight against the scourge of black money to be taken forward.
EffortsonvariousfrontstoimplementGSTfromnextyear.
No change in rate of personal income tax.
Proposal to reduce corporate tax from 30% to 25% over the next four years, starting
fromnextfinancialyear.
Rationalisation and removal of various tax exemptions and incentives to reduce tax
disputesandimproveadministration.
Exemptiontoindividualtaxpayerstocontinuetofacilitatesavings.
Broadthemes:
♦ Measures to curb black money;
♦ Jobcreationthroughrevivalofgrowthandinvestmentandpromotionofdomestic
manufacturing–“MakeinIndia”;
♦ Improve ease of doing business - Minimum Government and maximum
governance;
♦ Improvequalityoflifeandpublichealth–SwachhBharat;
♦ Benefit to middle class tax-payers; and
♦ Stand alone proposals to maximise benefit to the economy.
Black Money
Generationofblackmoneyanditsconcealmenttobedealtwitheffectivelyandforcefully.
Investigationintocasesofundisclosedforeignassetshasbeengivenhighestpriorityin
thelastninemonths.
Major breakthrough with Swiss authorities, who have agreed to:
♦ Provide information in respect of cases independently investigated by IT
department;
♦ Confirmgenuinenessofbankaccountsandprovidenon-bankinginformation;
♦ Providesuchinformationintime-boundmanner;and
♦ Commencetalksforautomaticexchangeofinformation.
10. 9
Newstructureofelectronicfilingofstatementsbyreportingentitiestoensureseamless
integrationofdataformoreeffectiveenforcement.
Bill for a comprehensive new law to deal with black money parked abroad to be
introducedinthecurrentsession.
Key features of new law on black money:
♦ Evasion of tax in relation to foreign assets to have a punishment of rigorous
imprisonmentupto10years,benon-compoundable,haveapenaltyrateof300%
andtheoffenderwillnotbepermittedtoapproachtheSettlementCommission.
♦ Non-filingofreturn/filingofreturnwithinadequatedisclosurestohaveapunishment
ofrigorousimprisonmentupto7years.
♦ Undisclosedincomefromanyforeignassetstobetaxableatthemaximummarginal
rate.
♦ Mandatoryfilingofreturninrespectofforeignasset.
♦ Entities,banks,financialinstitutionsincludingindividualsallliableforprosecution
andpenalty.
♦ Concealment of income/evasion of income in relation to a foreign asset to be
made a predicate offence under PMLAct, 2002.
♦ PMLAct, 2002 and FEMAto be amended to enable administration of newAct
on black money.
BenamiTransactions(Prohibition)Billtocurbdomesticblackmoneytobeintroduced
inthecurrentsessionofParliament.
Acceptance or re-payment of an advance of ` 20,000 or more in cash for purchase of
immovablepropertytobeprohibited.
PAN being made mandatory for any purchase or sale exceeding Rupees 1 lakh.
Third party reporting entities would be required to furnish information about foreign
currency sales and cross border transactions.
Provisiontotacklesplittingofreportabletransactions.
LeverageoftechnologybyCBDTandCBECtoaccessinformationfromeither’sdata
bases.
Make in India
Revival of growth and investment and promotion of domestic manufacturing for job
creation.
Tax “pass through” to be allowed to both category I and category II alternative
investmentfunds.
11. 10
Rationalisationofcapitalgainsregimeforthesponsorsexitingatthetimeoflistingof
theunitsofREITsandInvITs.
RentalincomeofREITsfromtheirownassetstohavepassthroughfacility.
Permanent Establishment (PE) norm to be modified to encourage fund managers to
relocate to India.
GeneralAntiAvoidance Rule (GAAR) to be deferred by two years.
GAAR to apply to investments made on or after 01.04.2017, when implemented.
Additional investment allowance (@ 15%) and additional depreciation (@35%) to
newmanufacturingunitssetupduringtheperiod01-04-2015to31-03-2020innotified
backward areas ofAndhra Pradesh and Telangana.
Rate of Income-tax on royalty and fees for technical services reduced from 25% to
10%tofacilitatetechnologyinflow.
Benefitofdeductionforemploymentofnewregularworkmentoallbusinessentities
andeligibilitythresholdreduced.
BasicCustomdutyoncertaininputs,rawmaterials,intermediatesandcomponentsin
22items,reducedtominimisetheimpactofdutyinversion.
Allgoods,exceptpopulatedprintedcircuitboardsforuseinmanufactureofITAbound
items,exemptedfromSAD.
SAD reduced on import of certain inputs and raw materials.
Excise duty on chassis for ambulance reduced from 24% to 12.5%.
Balance of 50% of additional depreciation @ 20% for new plant and machinery
installedandusedforlessthansixmonthsbyamanufacturingunitoraunitengagedin
generationanddistributionofpoweristobeallowedimmediatelyinthenextyear.
Ease of doing business – Minimum Government Maximum Governance
Simplificationoftaxprocedures.
MonetarylimitforacasetobeheardbyasinglememberbenchofITATincreasefrom
` 5 lakh to `15 lakh.
Penaltyprovisioninindirecttaxesarebeingrationalisedtoencouragecomplianceand
earlydisputeresolution.
Central excise/Service tax assesses to be allowed to use digitally signed invoices and
maintainrecordelectronically.
12. 11
Wealth-taxreplacedwithadditionalsurchargeof2percentonsuperrichwithataxable
income of over`1 crore annually.
ProvisionofindirecttransfersintheIncome-taxActsuitablycleanedup.
Applicabilityofindirecttransferprovisionstodividendspaidbyforeigncompaniesto
their shareholders to be addressed through a clarificatory circular.
Domestic transfer pricing threshold limit increased from `5 crore to ` 20 crore.
MATrationalised for FIIs and members of anAOP.
TaxAdministrationReformCommission(TARC)recommendationstobeappropriately
implementedduringthecourseoftheyear.
EducationcessandtheSecondaryandHighereducationcesstobesubsumedinCentral
ExciseDuty.
Specific rates of central excise duty in case of certain other commodities revised.
Exciselevyoncigarettesandthecompoundedlevyschemeapplicabletopanmasala,
gutkha and other tobacco products also changed.
Excisedutyonfootwearwithleatheruppersandhavingretailpriceofmorethan`1000
per pair reduced to 6%.
Online central excise and service tax registration to be done in two working days.
Time limit for taking CENVAT credit on inputs and input services increased from 6
months to 1 year.
Service-taxpluseducationcessesincreasedfrom12.36%to14%tofacilitatetransition
to GST.
Donation made to National Fund for Control of DrugAbuse (NFCDA) to be eligible
for 100% deduction u/s 80G of Income-taxAct.
Seized cash can be adjusted towards assessees tax liability.
SwachhBharat
100%deductionforcontributions,otherthanbywayofCSRcontribution,toSwachh
Bharat Kosh and Clean Ganga Fund.
Clean energy cess increased from `100 to `200 per metric tonne of coal, etc. to
financecleanenvironmentinitiatives.
Excise duty on sacks and bags of polymers of ethylene other than for industrial use
increased from 12% to 15%.
13. 12
EnablingprovisiontolevySwachhBharatcessatarateof2%orlessonallorcertain
services, if need arises.
ServicesbycommonaffluenttreatmentplantexemptfromService-tax.
Concessionsoncustomandexcisedutyavailabletoelectricallyoperatedvehiclesand
hybrid vehicles extended upto 31.03.2016.
Benefits to middle class tax-payers
Limit of deduction of health insurance premium increased from`15000 to ` 25000,
for senior citizens limit increased from`20000 to `30000.
Seniorcitizensabovetheageof80years,whoarenotcoveredbyhealthinsurance,to
be allowed deduction of ` 30000 towards medical expenditures.
Deductionlimitof` 60000withrespecttospecifieddeceaseofseriousnatureenhanced
to ` 80000 in case of senior citizen.
Additionaldeductionof`25000allowedfordifferentlyabledpersons.
Limitondeductiononaccountofcontributiontoapensionfundandthenewpension
scheme increased from ` 1 lakh to `1.5 lakh.
Additionaldeductionof`50000forcontributiontothenewpensionschemeu/s80CCD.
Paymentstothebeneficiariesincludinginterestpaymentondeposit inSukanyaSamriddhi
schemetobefullyexempt.
Service-taxexemptiononVarishthaBimaYojana.
Concessiontoindividualtax-payersdespiteinadequatefiscalspace.
Lot to look forward to as fiscal capacity improves.
Conversionofexistingexcisedutyonpetrolanddieseltotheextentof` 4perlitreinto
Road Cess to fund investment.
Service Tax exemption extended to certain pre cold storage services in relation to
fruitsandvegetablessoastoincentivisevalueadditionincrucialsector.
NegativeListunderservice-taxisbeingslightlyprunedtowidenthetaxbase.
YogatobeincludedwithintheambitofcharitablepurposeunderSection2(15)ofthe
Income-taxAct.
Tomitigatetheproblembeingfacedbymanygenuinecharitableinstitutions,itisproposed
to modify the ceiling on receipts from activities in the nature of trade, commerce or
business to 20% of the total receipts from the existing ceiling of` 25 lakh.
14. 13
Most provisions of DirectTaxes Code have already been included in the Income-tax
Act, therefore, no great merit in going ahead with the Direct Taxes Code as it exists
today.
Direct tax proposals to result in revenue loss of ` 8315 crore, whereas the proposals
in indirect taxes are expected to yield ` 23383 crore. Thus, the net impact of all tax
proposals would be revenue gain of `15068 crore.
Others
Increaseinbasiccustomduty:
♦ Metallergical coke from 2.5 % to 5%.
♦ Tariff rate on iron and steel and articles of iron and steel increased from 10% to
15%.
♦ Tariff rate on commercial vehicle increased from 10 % to 40%.
Basiccustomdutyondigitalstillimagevideocamerawithcertainspecificationreduced
tonil.
Excisedutyonrailsformanufactureofrailwayortramwaytrackconstructionmaterial
exempted retrospectively from 17-03-2012 to 02-02-2014, if not CENVATcredit of
dutypaidonsuchrailsisavailed.
Service-tax to be levied on service provided by way of access to amusement facility,
entertainment events or concerts, pageants, non recoganised sporting events etc.
Service-taxexemption:
♦ Servicesofpre-conditioning,pre-cooling,ripeningetc.offruitsandvegetables.
♦ LifeinsuranceserviceprovidedbywayofVarishthaPensionBimaYojana.
♦ Allambulanceservicesprovidedtopatients.
♦ Admissiontomuseum,zoo,nationalpark,wilelifesanctuaryandtigerreserve.
♦ Transport of goods for export by road from factory to land customs station.
EnablingprovisionmadetoexcludeallservicesprovidedbytheGovernmentorlocal
authoritytoabusinessentityfromthenegativelist.
Service-taxexemptiontoconstruction,erection,commissioningorinstallationoforiginal
works pertaining to an airport or port withdrawn.
TransportationofagriculturalproducetoremainexemptfromService-tax.
Artificial heart exempt from basic custom duty of 5% and CVD.
Excise duty exemption for captively consumed intermediate compound coming into
existanceduringthemanufactureofagarbathi.