Saturday, February 28, 2015

India Budget 2015-2016


Here are the highlights of 2015-2016 Budget:
  • Rs 150 Crore for the World Class IT Hub
  • Atal Pension Yojana - Defined pension scheme 50% from Government
  • Rural Infrastructure Development fund - 25000 Crores
  • Micro irrigation allocation- 5300 Crore
Cleaning up India:
  • Building 6 crore toilets
  • Swacch Bharat Abhiyan
    Other nice things to be pursued per FM:
  • Tracking down black money and bringing it back to India our prime focus: FM
  • Promotion of make in India, removal of black money, min government max governance, benefit to tax payers, swacha bharat taken care of in tax propsals: FM
  • National Skill Mission to be launched, to develop employability of youth, especially below 25 years of age: FM
  • Propose to set up in IIT in Karnataka, AAIMS in Dhanbad : FM
  • 150 countries to be included in Visa for arrival facility: FM
  • Aimed at security of women, we have decided to prove 1000 crore for Nirbhaya fund: FM
  • New scheme called Nayi Manzil to enable Minority youth without school leaving certificates to get the employment
  • Growth for 2015-2016 expected to be at 8-8.5 per cent: FM
I would love to see some of these happen. I do not see much about relieving traffic congestion and air quality of the cities, I do not see specific items targeting new born and children from low income families (probably they are all there in the detailed budget).

Picture is from the web site below. This post is an excerpt from the same site
http://www.msn.com/en-in/money/unionbudget

http://www.msn.com/en-in/money/topstories/union-budget-2015-finance-minister-says-no-change-in-individual-tax-rates/ar-BBi4pg5

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