Union Budget 2015-16 Highlights: Finance Minister Arun Jaitley will present Union Budget 2015-16 today 2015-16 fiscal year that begins on April 1. Here is Live updates on Union Budget 2015-16 Highlights from Loksabha.
Union Budget 2015-16 Highlights:
- Arun Jaitley leaves North Block with finance ministry officials for Lok sabha.
- Finance Minister Arun Jaitley begins General Budget 2015-16 speech in Loksabha.
- Agriculture income under stress.
- Electrification of 20000 Villages.
- 2 Crore homes by 2022.
- Year 2022 will be amrut mahotsav.
- Manufacturing has declined from 18% to 17%.
- MNREGA and health scheme remains in place with hike in allocation of fund.
- Fiscal deficit target for the 2014-15 fiscal year, ending March 31, of 4.1 percent of GDP
- Subsidies are needed for poor, need to cut subsidy leakage and subsidy itself.
- Rs. 5300 Crore for microchip agriculture schemes.
- Rs. 25000 crore for NABARD.
- Rs. 34699 Crore for MNREGA, focus on improving this scheme.
- Govt to bring a new bankruptcy code in 2015-16
- Post office will also join the Pradhanmantri Jan Dhan Yojana.
- Working towards creating universal social security system for poor and unprivileged.
- Atal pension Yojna for poor where govt. will add 50% money for 5 year and poor will get pension after age of 60.
- Unclaimed EPF /PPF money will be used for senior citizens.
- IT Industry as focus of area for government. special focus on technology driven area.
- 5 Ultra mega power plant each with capacity of 4000MW in coming days.
- 3000 Crore for Pradhanmantri krishi yojna.
- National Investments & Infrastructure Trust innovative vehicle to raise equity for infra projects
- Tax-free infrastructure bonds for projects in railways and roads
- Finance Minister Arun Jaitley begins General Budget 2015-16 speech in Loksabha.
- Agriculture income under stress.
- Electrification of 20000 Villages.
- 2 Crore homes by 2022.
- Year 2022 will be amrut mahotsav.
- Manufacturing has declined from 18% to 17%.
- MNREGA and health scheme remains in place with hike in allocation of fund.
- Fiscal deficit target for the 2014-15 fiscal year, ending March 31, of 4.1 percent of GDP
- Subsidies are needed for poor, need to cut subsidy leakage and subsidy itself.
- Rs. 5300 Crore for microchip agriculture schemes.
- Rs. 25000 crore for NABARD.
- Rs. 34699 Crore for MNREGA, focus on improving this scheme.
- Govt to bring a new bankruptcy code in 2015-16
- Post office will also join the Pradhanmantri Jan Dhan Yojana.
- Working towards creating universal social security system for poor and unprivileged.
- Atal pension Yojna for poor where govt. will add 50% money for 5 year and poor will get pension after age of 60.
- Unclaimed EPF /PPF money will be used for senior citizens.
- IT Industry as focus of area for government. special focus on technology driven area.
- 5 Ultra mega power plant each with capacity of 4000MW in coming days.
- 3000 Crore for Pradhanmantri krishi yojna.
- National Investments & Infrastructure Trust innovative vehicle to raise equity for infra projects
- Tax-free infrastructure bonds for projects in railways and roads