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. No change in tax slabs.
5. Total exemption of up to
Rs. 4,44,200 can be achieved.
6. 100% exemption for
contribution to Swachch Bharat, apart from CSR.
7. 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. Atal Innovation Mission
to be established to draw on expertise of entrepreneurs, and researchers to
foster scientific innovations; allocation of Rs. 150 crore.
5. 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
School of Mines in Dhanbad to be upgraded to IIT.
3. PG institute of
Horticulture in Amritsar.
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. Allocation of Rs.
2,46,726 crore; an increase of 9.87 per cent over last year.
2. Focus on Make in India
for quick manufacturing of Defence equipment.
WELFARE
SCHEMES
1. GST and JAM trinity (Jan
Dhan Yojana, Aadhaar and Mobile) to improve quality of life and to pass benefits
to common man.
2. Six crore toilets across
the country under the Swachh Bharat Abhiyan.
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
Yojana, govt. will contribute 50% of the premium limited to Rs. 1,000 a year.
8. New scheme for physical
aids and assisted living devices for people aged over 80 .
9. Govt. to use Rs. 9,000
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. Development 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 tourism scheme.
2. Visa on Arrival for 150
countries.
GOLD
1. Sovereign Gold Bond, as
an alternative to purchasing metal gold.
2. New scheme for depositors
of gold to earn interest and jewelers to obtain loans on their metal accounts.
3. To develop an Indian gold
coin, which will carry the Ashok Chakra on its face, to reduce the demand for
foreign coins and recycle the gold available in the country.
FINANCIAL
SECTOR
1. Forward Markets
Commission to be merged with the Securities and Exchange Board of India
2. NBFCs registered with the
RBI and having asset size of Rs 500 crore and above to be considered as
‘financial institution’ under Sarfaesi Act, 2002, enabling them to fund SME and
mid-corporate businesses
3. Permanent Establishment
norms to be modified to that mere presence of offshore fund managers in the country
does not lead to “adverse tax consequences.”
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