Budget Highlights - 9


New Delhi, Feb 28 (IANS): * To discourage transactions in cash, Rupee debit card to incentivise credit transactions

* In line with 'Act East Policy', steps to catalyse investment in this sector through a project development company to oversee investments in Cambodia, Laos and Vietnam

* Tourism has increased after Visa on Arrival introduced for 43 countries. This facility to be increased to 150 countries in different stages

* Public Debt Management Agency to be created to strengthen the bond market

* Gold Monetisation Scheme to be introduced; sovereign gold bonds to be introduced; working on developing Indian gold coin with Ashok Chakra on face

* Vision of making India cashless society

* Foreign Investment in alternative investment funds to be permitted

* Ports in public sector to be encouraged to utilise land under their control

* Make India investment-destination by streamlining permission procedures

* Five ultra-mega power projects each of 4,000 MW to be set up

* MGNREGA allocation to be enhanced by Rs.5,000 crore, if additional funds available

* Integrated education and livelihood scheme to be launched

* "The Everlasting Flame" exhibition on Parsis to be launched

* National investment and infrastructure fund to be launched with corpus of Rs.20,000 crore to generate more funds

* Innovation initiative to be launched in NITI Aayog in the name of former prime minister Atal Bihari Vajpayee

* Government committed to increasing access of people to the banking system

* Universal social security system for all Indians, especially poor and disadvantaged sections

* Atal Pension Yojna for economically disadvantaged

* PPF and EPF corpus to be utilised for senior citizens' welfare fund

* Physical aids and assisting devices for physically challenged senior citizens

* Main challenges: increasing agricultural production; increasing investment in infrastructure; with manufacturing declining, Make in India will create jobs; cooperative federalism

* Agriculture credit targetted at Rs.8.5 lakh crore

* Rural jobs scheme to get Rs.34,699 crore; Every poor to get a job

* To work with NITI Aayog for creating a National Agricultural Market

* Need well-targeted system for subsidies.

* Direct transfer of subsidy to LPG consumers

* Appeal to well-off consumers to surrender subsidised LPG connections

* Organic farm schemes of agriculture ministry to be supported

* 'Per drop More crop' scheme for better irrigation

* Three achievements - Jan Dhan Yojna, coal auctions, Swachh Bharat

* Two more gamechanging reforms: Goods and Services Tax, JAM trinity (Jan Dhan Yojna, Aadhar, Mobile number) to ensure transparency

* Our achievement to conquer inflation, CPI inflation at five percent by year-end

* GDP growth at 7.4 percent in 2014-15 and at 8-8.5 percent in 2015-16; double-digit growth feasible

* We are in an economic environment far more positive than in the recent past

* Undertaken several significant steps to energise the Indian economy in last nine months

* India's chance to fly

* Budget proposals lay down roadmap for economic growth.

 

  

Top Stories


Leave a Comment

Title: Budget Highlights - 9



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.