budget2016

  • FM: Preparations for GST rollout on schedule
  • UP FM: Net revenue loss in direct tax will come to ₹ 20,000 crore FM: Net revenue loss in direct tax will come to ₹ 20,000 crore FM: Net revenue loss in direct tax will come to ₹ 20,000 crore Punjab FM: Net revenue loss in direct tax will come to ₹ 20,000 crore FM: Net revenue loss in direct tax will come to ₹ 20,000 crore FM: Net revenue loss in direct tax will come to ₹ 20,000 crore
  • FM: Govt to launch awareness outreach on GST on April 1
  • FM: 15% surcharge on incomes above Rs 1 cr to continue
  • FM on income tax: Tax rate reduced from 10 % t0 5 % for individuals with income between ₹ 2.5 lakh to ₹ 5 lakh
  • FM: Govt plans electoral bonds to cleanse political funding
  • FM: Maximum amount of cash donation for political parties cut to Rs 2,000 cr
  • FM: Tax on MSMEs cut to 25%
  • FM: More options for investment of capital gains
  • FM: Sops to affordable housing extended from 3 years to 5 years
  • FM: Thrust of my budget is to provide relief to middle class
  • FM: 30% increase in area of affordable housing
  • FM: Demonetisation data will help widen tax net
  • FM: Net tax revenue saw an increase of 17 % for two years in row
  • FM: India is largely a tax non-compliant economy
  • FM: ₹ 1.74 cr salaried income tax payers
  • FM: Revenue deficit for next year pegged at 1.9 %
  • FM: Fiscal deficit at 3.2 % of GDP
  • FM: Allocation for scientific ministries increased
  • FM: Defence expenditure excluding pension stands at ₹ 2,74,114 cr
  • FM: Total expenditure in the Budget for 2017-18 is 21, 47, 000 cr
  • FM: ₹ 4.11 lakh cr to be transferred to states
  • FM: New law soon to confiscate properties of offenders fleeing the country
  • FM: New online railway booking platform for defence personnel
  • FM: Govt to amend Negotiable Instruments Act
  • FM: Refferal scheme, cashback offer to popularise BHIM app
  • FM: Rs 2.44 lakh crore loans targeted through Mudra scheme
  • FM: Securitisation of bank NPAs in the offing
  • FM: ₹ 10,000 cr for recapitalisation of banks
  • FM: Disinvestment policy announced in last Budget to continue
  • FM: New mechanism to list PSUs soon
  • FM: MSCA to be amended to protect small investors
  • FM: FIPB to be abolished in 2017-18
  • FM: Strategic crude capacity to be increased to 15.33 million tonnes
  • FM: Total allocation for infrastructure for 2017-18 stands at ₹ 3,96,135 crore
  • FM: ₹ 10,000 cr for Bharatnet project
  • FM: ₹ 64,000 cr allocated for roads and highways
  • FM: New metro rail policy soon to encourage private participation
  • FM: For overall transport sector ₹ 2,41,387 cr allocated in 2017-18
  • FM: No service tax on rail bookings through IRCTC
  • FM: Budget for National Highways stepped up
  • FM: 7000 railway stations to be solar powered
  • FM: All coaches of Railways to be fitted with bio-toilets by 2019
  • FM: Our focus is on Swach Railways
  • FM: Buget support to Railways at ₹ 55,000 cr
  • FM: 3500 km new railway lines to be commissioned next year
  • FM: Railways will focus on 4 major areas
  • FM: Allocation for Scheduled Castes up by 35 % in this budget
  • FM: Two new AIIMS to be set up in Jharkhand and Gujarat
  • FM: Govt targets to eliminate tuberculosis by 2025
  • FM: Banks have already started reducing lending rates
  • FM: Affordable housing to be given infrastructure status
  • FM: Nation-wide scheme for pregnant women already announced by PM
  • FM: Innovation fund for secondary education soon
  • FM: More autonomy to well-performing academic institutions
  • FM: 100 India Skill Centres to be established across the country
  • FM: Reforms in UGC for higher education
  • FM: Total allocation for rural agriculture and allied sectors increased to ₹ 1, 87, 223 cr, up by 24 %
  • FM: 100% electrification by May 2018
  • FM: Participation of women in MGNREGA up to 55%
  • FM: Budget provision for MNREGA increased from ₹38,500 to ₹ 48,000 cr
  • FM: A modern law on contract farming to come soon
  • FM: Budget targets ₹ 10 lakh crore for farm credit
  • FM: Issuance of soil health cards has gathered momentum
  • FM: Coverage of Fasal Bima Yojna increased from 30% to 40%
  • FM on farmers: Agriculture expected to grow 4.1% in the current year with better monsoon
  • FM: Our agenda for the next year is to transform, energise and clean Inida
  • FM: Merger of the general Budget with the Railway Budget is historic
  • FM: Economic reforms for the benefit of the poor and underprivileged
  • FM: My overall approach in this Budget was to spend more in rural areas
  • FM: Pace of remonetisation has picked up
  • FM: Demonetisation has potential to generate long term benefits
  • FM: Demonetisation was a bold and decisive measure