India Budget updates:
- Jan Dhan Yojana, coal auctions and Swachch Bharat our achievements: FM
- Proposal to allocate Rs 34600 cr for MNRGA
- FM: We will finish the journey to 3% fiscal deficit in two years
- TO MERGE FMC & SEBI: FM
- Extra Rs 1000 crore to Nirbhaya Fund
- Visa on Arrival already issued to 43 countries, 150 countries to be covered of Visa on Arrival in stages
- Govt to introduce Indian-made gold coins with Ashok chakra to reduce demand for foreign coins
- Govt to incentivise credit, debit card transactions: Rupay Debit Cards to be incentivised. Move towards paperless transactions
- Tax-free infra bonds for railways and roads
- To Allocate `75 Cr For Electrical Vehicles: FM
- National Optical Fibre Network to be extended: FM
- 3 new pharma institutes in Maharashtra, Rajasthan and Chhattishgarh: FM
- IIMs in J&K and Andhra Pradesh, IIT in Karnataka: FM
- AIIMS-like institutioins in J&K, Punjab, Himachal and Assam: FM
- Propose Accident Insurance, Pension Schemes For Poor: FM
- Armed forces to get cash boost of Rs 2 lakh crore
- Rs 1,200 crore for fast track corridor between Ahmedabad and Mumbai
- Corporate tax Rates proposed to be reduced from 30% to 25% in next 4 years
- Budget Estimates of Expenditure: 17 .77 lakh cr, of which Non Plan is 13.12 lakh cr, and Plan is 4.65 lakh crores
- Atal Pension Yojana to be launched
- nonfiling of returns, or filing of returns with inadequate information will attract RI
- benami property transaction bill to tackle black money transaction in real estate soon
- Fees from royality decreased from 25% to 10%
- Wealth tax abolised . new additional tax @ 2% from income above Rs 1 crore
- Health Insurance Premium increased from Rs 15000/- to Rs 25000/-
- Health Insurance Premium For Senior citizen increased from 15 to 30 k
- very senior citizen a(above 80 year ) Rs 30 for medical treatment.
- All contributions to Sukanya Samridhi scheme to be tax free: Finance Minister
- Transport allowance increasing Rs 800 to Rs 1600 increase
- Service tax exemption to varist bima yojna
- Yoga included in Charitable trust
- for middleclass, for contribution to National Pension Scheme, exemption raised from Rs 1,00,000 to Rs.1,50,000 under Section 80CCD
- Individual tax payer will benefit to the extent Rs.4,44,200/- from the exemptions announced
- Rs 50,000 deduction in taxable income for contribution to NPS
- No change in Income tax slabs. Income tax rates remain same.