- Yoga included in the ambit of charitable purposes under the Income Tax Act.
- All contributions to Sukanya Samridhi scheme to be tax free.
- Transport allowance, which is currently Rs 800 per month, has been increased to Rs 1600 per month.
- Govt increases limit of deduction of health insurance premium from Rs 15,000 to Rs 25,000.
- 100% deduction for contribution to Swachch Bharat and Clean Ganga schemes.
- Rs 150 core to create world class IT hub in India: FM
- FM propose to increase service tax rate and education cess to 14% from 12.36%.
- The excise duty on footwear having retail price of more than 1000 per pair has been reduced by 6 %: FM
- Custom duty on raw materials and intermediaries to be reduced.
- Tax dept to put out a clarification on indirect transfer of assets and dividend paid by foreign firms.
- Replacing wealth tax with a surcharge on super-rich will lead to Rs 9,000 crore additional income.
- Govt to abolish wealth tax, replaces wealth tax with additional 2%surcharge on super rich
- Govt reduces taxes on technical services to 10% from 25%.
- Govt to reduce custom duty on 22 items.
- Govt defers roll out of anti-tax avoidance rules GAAR by 2 years.
- Sensex rebounds by nearly 250 points on Budget proposal to reduce corporate tax rate.
- Quoting PAN a must for all purchases above Rs 1,00,000
- Benami property transaction bill to tackle black money transaction in real estate soon.
- Foreign Exchange Management Act to allow for seizure of foreign properties and assets.
- FM proposes to enact a comprehensive new law on black money to bring back black money stashed abroad.
- Corporate tax reduced from 30% to 25% over next four years
- Budget estimates of expenditure: Rs 17 .77 lakh crpre, of which non-plan is Rs 13.12 lakh crore, and plan is Rs 4.65 lakh crore.
- Defence allocation for this fiscal is Rs 2,46,727 crore.
- ISM Dhanabad will be upgraded to full IIT.
- AIIMS to be set up in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam.
- Section 6 of FEMA to be amended: FM
- Government proposes to bring in a regulatory reform law.
- Govt to raise visa-on-arrival facilities to 150 countries from 43
- Govt proposes to do away with different types of foreign investment and replace them with composite caps.
- Rs 1000 crore more to Nirbhaya fund
- ‘Agri income, invst boost in infra, manufacturing key challenges’
- Employee's contribution to EPF below an income threshold will be optional without reducing employer's contribution.
- I propose to work on developing Indian gold coin which carries the Ashok Chakra, will help recycle gold available in country.
- Govt to introduce Indian gold coin with Ashoka sign on it.
- India is the largest consumer of gold in the world, I propose to introduce a gold monetization scheme.
- Govt plans to introduce direct tax regime that is internationally competitive on rates without exemptions.
- Govt to set up public debt management agency.
- FM proposes to merge commodities regulator with SEBI.
- Rs 5000 crore: FM. PM Modi had said on Friday that his government would continue MNREGA since it is a glaring example of Congress's failure.
- Initial sum of Rs 150 core to create world class IT hub to take advantage of our competitiveness.
- Second unit of Kudankulam nuclear power station to be commissioned in 2015-16.
- Proposes 5 ultra mega power projects for 4,000 MW each: FM
- Tax-free infrastructure bonds for projects in railways and roads: FM
- PPP model of Infrastructure to be revitalized and realigned.
- Govt is establishing a mechanism 'self employment' to support all aspects of start up business: Arun Jaitley.
- Investment in infrastructure to go up by Rs 70,000 crores: Jaitley
- Jaitley proposes 'Nayi Manzil' scheme for the minorities youth.
- I propose a new scheme of providing physical aids for senior citizens living below poverty line: Arun Jaitley
- Atal Pension Yojana to provide defined pension according to contribution; 50% contribution to be from govt.
- PM Surakhsha Bhima Yojana to increase the access to insurance; it will be linked with Jan Dhan Yojana: FM
- Govt to launch PM Suraksha Bhima Yojana, offering coverage of 2 lakh rupees for just premium of Rs 12
- Target of Rs 8.5 lakh crores credit to be given to farmers in 2015-16: FM
- Will ensure no one who is poor is without a job. Govt allocates Rs 346.99 billion for NREGA scheme in Budget 2015
- Target of Rs 8.5 lakh crores credit to be given to farmers in 2015-16: FM
- States get 62% of the total resources now: Arun Jaitley
- GST to be put in place by April 1, 2016: FM
- Real GDP growth expected to accelerate to 7.4%: FM
- To sanction 1 lakh km of new roads: FM
- 80,000 secondary schools to get upgrade: FM
- To ensure employment to our youth, we have to make india the manufacturing hub of the world: FM
- In Swach Bharat 50 lakh toilet already built, 6 crore toilet targeted.
- The latest CPI inflation is 5.1 %: Arun Jaitley
- GST will put in place state of art indirect tax system by April 1st 2016: FM
- GDP growth for 2015-16 seen at between 8 - 8.5%: FM
- 50 lakh toilets already constructed, we will achieve target of building 6 crore toilets: Arun Jaitley
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