Union Budget appeals to ‘Sarve Bhavantu Sukhinah’

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The Highlights of the Union Budget 2015:

  • Jaitley concludes his budget with a Sanskrit mantra-‘sarve bhavantu sukhinah’
  • Cable TVs and Wi Fi to pinch the pocket: Budget
  • Cigarette to be more costly with Pan Masala : Budget
  • An individual tax payer can now get exemptions up to Rs 4.4 lakh: FM Jaitley
  • Health Insurance Limit to increase to an amount of Rs. 25000
  • Transport allowance to be increased from Rs 800 to Rs 1600: FM
  • Health Insurance Limit extended up to Rs 30000 for senior citizens: Jaitley
  • In order to boost domestic leather industry,excise duty on footwear having retail price of more than 1000 per pair reduced by 6 %:  Jaitley
  • 100% tax exemption in CSR activities for Clean Ganga Fund and Swachh Bharat Kosh: Jaitley
  • Reduced taxes on Technical Services to 10% from 25%: Budget
  • Excise duty cut for footwear : Jaitley
  • Tax dept to put out a clarification on indirect transfer of assets and dividend paid by foreign firms: Budget
  • Retrospective tax provisions will be avoided: FM
  • 2 per cent sur-charge on Super Rich introduced : Jaitley
  • Govt to abolish wealth tax: Arun jaitley
  • Customs duty cut for raw materials and inputs for 22 items, says Jaitley.
  • Minimum Government and Maxinum Governance: Jaitley
  • Benami transaction prohibition bill to be introduced for curbing black money: FM
  • 10 year imprisonment if caught with Black money: Budget
  • Fema ammended, Comprehensive new law to track black money to be framed: Budget

  • For strengthening information collection from various sources, a new structure has been put in place: Arun Jaitley
  • Exemption to individual taxpayers will continue: FM
  • Fiscal Deficit target to be 3.9% in FY 2015-16 and Revenue Deficit to be 2.8% in FY 2015-16
  • Reduce corporate tax to 25% for 4 years to lead to higher level of investment and more jobs: Jaitley
  • Budget Estimates of Expenditure: 17 .77 lakh cr, of which Non Plan is 13.12 lakh

  • Revenue deficit to be 2.8% in FY16: Jaitley
  • We need to revive growth & investment to ensure more jobs are created for our youth: Jaitley
  • Taxation is an instrument of social economic engineering: Arun Jaitley
  • To allocate Rs 10,351 Cr. for Women and Child Development: Finance Minister Jaitley
  • 331.5 billion rupees allocated for health sector: Jaitley
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arunsittinf

  • Assistance to given to Bihar and West Bengal as the govt is providing Andhra Pradesh: Jaitley
  • Indian Institute of Mines in Dhanbad to be upgraded to IIT status: Jaitley
  • Assistance to Bihar and WB in terms of Telangana: Jaitley
  • Women industries in Haryana: Jaitley
  • Film studies institute in Arunachal Pradesh
  • Another AIMS like institution in Bihar, IIIT in Karnataka and IIm in J& K and Andhra Pradesh: Jaitley
  • We intend to launch a national skills mission, which will consolidate skill initiatives spread over all Ministries: Arun Jaitley
  • Renewable energy output to be 1.75 gigawatts by 2022: FM
  • After success of visas on arrival in 43 countries,I propose to increase the countries covered under this scheme to 150: FM
  • Boosting global heritage sites at Goa, Gujarat, Leh, Mumbai, Hyderabad and Telengana, altogether of 10 sites have been identified by the Finance Minister
  • Tourism in the country has increased: Jaitley
  • EPF & ESI has hostage rather than client ; ESI should be made optional to employees
  • FM:India has 20,000 tonnes of gold.Introduce gold monetisation scheme,people can earn interest & jewellers can take loans
  • Introduce gold monetisation scheme to allow investors to earn interest in metal account. Banks to monitor this account:Jaitley
  • Ashok Chakra on Indian Gold coins: Jaitley
  • Plans to introduce direct tax regime that is internationally competitive on rates: Jaitley

  • Highest ever allocation for MGNREGA, by increasing it this year by 5,000 crore rupees: Jaitley
  • SEBI to reduce speculation, and regulate market: Jaitley
  • FMC to be strengthened by merging with SEBI : FM
  • 5 ultra-mega power projects each of 4000MW – all in plug-and-play mode: Jaitley.
  • Second unit of Kudankulam nuclear power station to be commissioned in 2015/16
  • Ports in public sector will be encouraged to corporatise under companies act
  • Portal for 14 regulatory response at one source: Jaitley
  • Tax-free infra bond for Rail, Roads: Jaitley
  • I intend to establish a national investment and infrastructure fund: Finance Minister Arun Jaitley
  • Investment in infrastructure to go up by Rs 70,000 crores: Jaitley
  • These social schemes reflect our intention that no person suffers from avoidable pain due to illness, old age: Arun Jaitley
  • I propose a new scheme of providing physical aids for senior citizens living below poverty line: Arun Jaitley
  • We will also launch the ‘Atal pension yojana’, which will provide a defined pension, 50 per cent contribution from the Govt: Finance Minister Arun Jaitley
  • PM Suraksha Bhima Yojana, offering coverage of 2 lakh rupees for just premium

  • The Govt is committed to utilize the vast postal network spread across villages of country: Arun Jaitley
  • 8.5 crore for rural credit: Jaitley
  • Target of 8.5 lakh crore of credit for agricultural sector: FM
  • National agricultural Market to facilitate farmers: Arun Jaitley
  • Roadmap to achieve Fiscal deficit of 3% of GDP in three years: Target is 3.9% in 2015-16, 3.5% in 2016-17, 3% in 2017-18: Arun Jaitley
  • Total transfer of states will be 62% of the Centre’s receipts: Finance Minister.

arun1

  • Jaitley sits, But the Budget continues..
  • We need to cut subsidy leakage not subsidy themselves

  • Tax buoyancy is lower but still we will meet the promise of Fiscal deficit of 4.1% of GDP this year

  • 3% fiscal deficit target in the next 3 years: FM Jaitley

  • Public Investment needs to step in to catalyze the investment in PPP: Jaitley
  • India has to become Job creators from Job seekers: Arun
  • Need fiscal discipline, devolution to states: Jaitley
  • Govt’s Challenges-Agricultural incomes are under stress, have to increase investment in infrastructure: Jaitley
  • Employment is the major area of concern for the Govt. : Jaitley
  • Manufacturing has declined from 18 to 17 percent of the GDP : Jaitley
  • We expect the CPI inflation to remain close to 5% towards the end of year: Arun Jaitley
  • Have to aim to make India the manufacturing hub of the world: Jaitley
  • Elimination of power and providing electricity to all is a goal: Jaitley
  • A roof for each family in India by 2022- 75th Year of India’s Independence.
  • We will achieve the target of 6 crore toilets in India: FM Arun Jaitley
  • Aiming for a double digital growth rate is seeming feasible: FM Arun Jaitley
  • 3 achievements of our government- the success of the Jan Dhan Yojana, coal auctions and Swachh Bharat Abhyaan: Jaitley
  • GDP growth will accelerate to 7.4 per cent: Jaitley
  • Jaitley stresses on fact that his government has a clear political mandate.
  • Ours is the second best performing stock markets among the big economies: Jaitley
  • We are round the clock, round the year Government: Finance Minister Arun Jaitley speaking in Lok Sabha
  • India at a better position than last year: Jaitley
  • India in a good place, Jaitley indicates, echoing Eco survey. World says “ it’s India’s chance to fly”, he says.

LS

  • ‘Make In India’ is the main focus of Budget: Arun Jaitley
  • Former President APJ Abdul Kalam tweets his Budget expectations.

 

  • Cabinet meeting underway from 10:15 am for approval of the Union Budget

arun

  • Arun Jaitley has reached the President’s House before he presents the Budget in the Parliament
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