Wednesday, March 16, 2016

15 Key Points in Budget 2016-17

Friends,   There are some key points in Budget 2016-17 which are summarised below for the knowledge :
  • 1) Direct transfer of subsidy to LPG consumers
  • 2) All investment payments in 'Sukanya Scheme' to be fully tax exempted
  • 3) Universal social security system for all, especially poor and disadvantaged sections
  • 4) Rs.246,727 crore earmarked for defence
  • 5) Education sector allocated Rs.68,968 crore; rural development gets Rs.79,526 crore
  • 6) AIIMS-like institutes to be set up in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh and Assam
  • 7) Tax exemption for contributions to 'Swachh Bharat Abhiyan' and 'Clean Ganga Fund' by corporates as part of CSR
  • 8) Corporate tax to be reduced from 30 percent to 25 percent
  • 9) Comprehensive new law to be brought against black money
  • 10) Tobacco items like cigarettes, paan masala, gutkha to be more expensive
  • 11) Tax regime to be rationalized
  • 12) PPF and EPF corpus to be utilised for senior citizens' welfare fund
  • 13) Gold Monetisation Scheme to be introduced
  • 14) Five ultra-mega power projects each of 4,000 MW to be set up
  • 15) Rural jobs scheme to get Rs.34,699 crore

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