1.
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Finance Minister Arun
Jaitley presents Union Budget for 2016-17 Highlights are:
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2.
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Concealed Income Disclosure
Scheme from June 1 to September 30
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3.
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Higher allocation for
agriculture, infrastructure and social sectors.
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4.
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No change in Income Tax
rates; Relief to small tax payers up to Rs 5 lakh; Surcharge hiked from 12 to
15 percent above the income of Rs 1 crore ; Divi
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5.
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Cars, branded garments, air
travel, aerated drinks, cigarettes to cost more
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6.
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Electronic items, paper,
solar lamps and footwear to be cheaper.
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7.
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Sovereign gold bonds and
Gold monetization to get tax benefit.
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8.
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Half percent Krishi Kalyan
Cess on Service Tax to promote agriculture.; Interest subvention to farmers
continue.
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9.
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Incentives to affordable
housing and new home buyers.
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10.
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Upto 49 per cent FDI allowed
in insurance and pension sectors.
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11.
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Fiscal deficit pegged at 3.5
percent.
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12.
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Electronic items, Electric
Motors, equipment, machinery to cost less: FM
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13.
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Industrial Solar Heater,
imitation jewellery, balloons to cost more: FM
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14.
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Paper, Paper Board, Footwear
to cost less: FM
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15.
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Overhauling of aircraft and
ship repair to become cheaper: FM
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16.
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Iron and aluminium to cost
less: FM
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17.
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PM Jan Aushadhi Yojana to be
strengthened, 300 generic drug store to be opened : FM
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18.
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Rs 9000 cr allocated for
Swachh Bharat Mission : FM
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19.
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Health Insurance Scheme
being launched to protect one third of India’s population against
hospitalisation expenditure
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20.
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National Dialysis Services
Programme’ under National Health Mission to provide dialysis services in
district hospitals
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21.
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The growth of GDP has
accelerated to 7.6% :Jaitley
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22.
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CPI inflation came down
5.4%: Jaitley
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23.
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Indian economy bright spot
amid global economic slowdown: Jaitley
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24.
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To give statutory backing
for monetary policy RBI Act will be amended : FM
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25.
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Rs 25,000 crore for
recapitalization of public sector banks: FM
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26.
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Amount sanctioned under PM
MudraYojana has reached Rs.1 lakh crore to cover 2.5 crore borrowers by Feb,
2016: FM
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27.
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New Financial Data
Management Centre to facilitate integrated data analysis: FM
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28.
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100% FDI to be allowed
through FIPB route in Food Products Produced and Marketed in India: FM
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29.
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Massive nationwide rollout
of ATMs, Micro ATMs in post Offices in next three yrs especially in rural
areas: FM
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30.
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FM proposes allocation of
Rs.25,000 crore for recapitalization of public sector banks
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TO KNOW MORE DETAILS OF UNION BUDGET 2016 -17 CLICK THE FOLLOWING LINKS
1. BUDGET SPEECH
2. BUDGET HIGHLIGHTS
3. BUDGET AT GLANCE
4. BUDGET 2016 - 17 (FULL DETAILS)
TO KNOW MORE THE ECONOMIC SURVEY 2015- 16 CLICK THE BELOW LINK
ECONOMIC SURVEY 2015-16
