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Last Updated: Saturday 04 July 2015

 
  • Finance minister proposes conversion of diesel and petrol cess for improvement for roads and railways 

  • Health insurance premium decreased to ensure that more people take benefit of insurance

  • Deduction limit of tax in medical insurance has been increased from Rs 15,000 to Rs 25,000; for senior citizens, the limit has been increased from Rs 10,000 to Rs 30,000 

  • Effluents Treatment Plants exempted from goods and services tax

  • Budget proposes to increase clean energy cess from Rs 100 to Rs 200 per metric tonne of coal production

  • Budget proposes 100 per cent tax rebate, other than CSR activities, for Swachh Bharat Abhiyan

  • Budget proposes tax benefit for contributions to Clean Ganga fund

  • DTE analysis: Additional allocation of Rs 5,000 crore has been announced for MGNREGA scheme. This will help people tide over the wage drop in rural areas. This makes it the highest allocation. But this liability of Rs 4,000 crore as wages still make the effective allocation at par with that of last year

  • DTE analysis: Rs 4,150 crore allocated for water resources and Namami Ganga. Fund has flown in from abroad into Namami Ganga Fund. But there has been no implementation on ground till date

  • Smart City plan: Gujarat International Finance Tech (GIFT) city in Gandhinagar will be replicated in other parts of the country; work on first phase of GIFT to start soon

  • Two smart cities in Delhi Mumbai Industrial Corridor granted Rs 1,200 crore

  • DTE analysis: Mudra Bank with a fund of Rs 20,000 crore to microfinance. This will refinance microfinance. It may revive sick microfinance companies. It will also help in formal expasion of rural credit

  • Government proposes a new procurement law to streamline government procurement.

  • DTE analysis: The UPA II had proposed a similar law but it never took effect

  • Budget allocates one lakh crore for "plug and play" mode in which clearances and permissions will be sought before allocating them to interested parties in road, railways and ports sectors

  • Indian School of Mines in Dhanbad to be upgraded to an Indian Institute of Technology

  • Irrigation tax-free bonds will boost investment in this sector. Government has promised Rs 70,000 crore for overall infrastructure development

  • Budget allocates Rs 75 crore for electric-powered vehicles

  • Budget allocates Rs 33,000 crore for health sector

  • Three more All India Institutes of Medical Sciences (AIIMS) to be set up in Punjab, Jammu and Kashmir. Another AIIMS-like institute to be set up in Bihar

  • Jaitley announces universal social security for all citizens

  • PM Suraksha Bima Yojana will give you Rs 2 lakh accidental coverage for a premium of Re 1 per month from the Jan Dhan Yojana account. This is part of prime minister's "Income for All" and "Health for All" programmes

  • Rs 5,000 crore announced for Child Protection Scheme

  • Jaitley: PPP infrastructure needs to be revisited and revised

  • Jaitley: Ports can form companies under Companies Act to facilitate business and trade

  • Jaitley: All clearances and investments for Ultra Mega Power Projects will be secured before auctioning these plants

  • Finance Minister announces PM Mudra Yojana with corpus fund of Rs 20,000 crore for SC/ST entrepreneurship

  • Finance Minister on housing: We will provide two crore houses in rural India four crore houses in urban India by 2022

  • Jaitley: Government will curb subsidy leakages. Direct Benefit Transfer will be expanded to cover other schemes besides LPG subsidy

  • Budget proposes allocation of Rs 5,300 crore for Pradhan Mantri Krishi Sinchayi Yojana

  • Jaitley: MGNREGA allocated Rs 34,690 crore

  • DTE analysis: Last budget gave Rs 34,000 crore to MGNREGA. But there is delayed wage liability of more than Rs 4,000 crore. This means the effective allocation is around Rs 30,000 crore. This is the lowest allocation since 2010.

  • Government sets 2022 as the deadline for its "quantum growth", the 70th year of Independence

  • Jaitley: We will provide electrification of 20,000 villages with traditional and solar power

  • Jaitley on Swachh Bharat Abhiyan: Under the programme, we will build six crore toilets

  • Jaitley: Swachh Bharat Abhiyan is not only a programme for sanitation but also of preventive healthcare

  • DTE analysis: Budget speech doesn't comment on 5 million toilets already built

  • Jaitley on Jan Dhan Yojana: Of 12.5 crore accounts, 65 per cent are without any balance, according to the Economic Survey

  • Jaitley: Coal auctions to create community assets and profits for states in lakhs of crores

  • DTE analysis: Rani ki Vav near Ahmedabad to be revived under project restoration of heritage sites. The stepwell is in poor condition. Stepwells in different cities need to be revived. These traditional structures are important rainwater harvesting structures

 

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