States to be equal partners in
economic growth; move to making India cashless society; social sector
programmes to continue. Some of the challenges mentioned by the Finance
Minister are: poor agricultural income, decline in manufacturing ; and the need
for fiscal discipline.
TAXATION
1 Abolition
of Wealth Tax.
2 Additional
2% surcharge for the super rich with income of over Rs. 1 crore.
3 Rate
of corporate tax to be reduced to 25% over next four years.
4 Total
exemption of up to Rs. 4,44,200 can be achieved.
5 100%
exemption for contribution to Swachch Bharat, apart from CSR.
6 Service
tax increased to14 per cent.
AGRICULTURE
1 Rs.
25,000 crore for Rural Infrastructure Development Bank.
2 Rs.
5,300 crore to support Micro Irrigation Programme.
3 Farmers
credit - target of 8.5 lakh crore.
INFRASTRUCTURE
1 Rs.
70,000 crores to Infrastructure sector.
2 Tax-free
bonds for projects in rail road and irrigation
3 PPP
model for infrastructure development to be revitalised and govt. to bear
majority of the risk.
4 Rs.
150 crore allocated for Research & Development
5 NITI
to be established and involvement of entrepreneurs, researchers to foster
scientific innovations.
6 Govt.
proposes to set up 5 ultra mega power projects, each of 4000MW.
EDUCATION
1 AIIMS
in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
2 IIT
in Karnataka; Indian Institute of Mines in Dhanbad to be upgraded to IIT.
3 PG
institute of Horticulture in Armtisar.
4 Kerala
to have University of Disability Studies
5 Centre
of film production, animation and gaming to come up in Arunachal Pradesh.
6 IIM
for Jammu and Kashmir and Andhra Pradesh.
DEFENCE
1 Rs.
2,46,726 crore for Defence.
2 Focus
on Make in India for quick manufacturing of Defence equipment.
WELFARE SCHEMES
1 50,000
toilets constructed under Swachh Bharath Abhiyan.
2 Two
other programmes to be introduced- GST & JAM Trinity. GST will be implemented
by April 2016.
3 MUDRA
bank will refinance micro finance orgs. to encourage first generation SC/ST
entrepreneurs.
4 Housing
for all by 2020.
5 Upgradation
80,000 secondary schools.
6 DBT
will be further be expanded from 1 crore to 10.3 crore.
7 For
the Atal Pension Yojna, govt. will contribute 50% of the premium limited to Rs.
1000 a year.
8 New
scheme for physical aids and assisted living devices for people aged over 80 .
9 Govt
to use Rs. 9000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
10 Rs.
5,000 crore additional allocation for MGNREGA.
11 Govt.
to create universal social security system for all Indians.
RENEWABLE ENERGY
1 Rs.
75 crore for electric cars production.
2 Renewable
energy target for 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and
5K MW in small hydro
TOURISM
1 Develpoment
schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests
of Rajasthan, Leh palace, Varanasi , Jallianwala Bagh, Qutb Shahi tombs at
Hyderabad to be under the new toursim scheme.
2 Visa
on Arrival for 150 countries.
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