Citing that the government is committed to affluence of accomplishing business in India, Finance Minister Arun Jaitley presented the Union Budget 2016-17 in the Parliament on Monday. Here is a attending at how altered sectors accept benefited from the Budget.
Agriculture and rural sector
– Allocation for agronomics is Rs. 35, 984 crore.
– Allocation beneath Pradhan Mantri Gram Sadak Yojana added to Rs. 19,000 crore.
– Allocation for rural area is Rs. 87,765 crore.
– A sum of Rs. 38,500 crore allocated for MGNREGS.
– 100 per cent apple electrification by May 1, 2018.
– Agricultural acclaim ambition of Rs. 9 lakh crore. Govt to admeasure Rs 5,500 crore for crop allowance scheme.
– Paramparagat Krishi Vikas Yojana to accompany 5 lakh acreage beneath amoebic farming.
– Allocation for amusing area including apprenticeship and bloom affliction is Rs. 1,51,581 crore.
– A new bloom aegis arrangement for bloom awning upto Rs. 1 lakh per family. Senior citizens will get added healthcare awning of Rs. 30,000.
– 3,000 food to be set up for all-encompassing drugs.
– Rs. 9,000 crore for Swachch Bharat Abhiyan.
– Civic dialysis account programme beneath PPP model. LPG affiliation for women associates of rural homes.
Education and jobs
– 62 new Navodaya Vidyalayas will be opened
– Higher Apprenticeship Financing Agency to be accoutrement with antecedent basic abject of Rs. 1000 crore.
– 10 accessible and 10 clandestine educational institutions to be fabricated world-class. Digital athenaeum for all academy abrogation certificates and diplomas.
– Allocation for accomplishment development is Rs. 1804 crore.
– Govt. will pay EPF addition of 8.33 per cent for all new advisers for aboriginal three years.
– Total advance in the alley sector, including PMGSY allocation, would be Rs. 97,000 crore.
– Total outlay for basement in Budget 2016 now stands at Rs. 2,21,246 crore.
– Allocation of Rs. 55,000 crore in the Budget for Roads. Added Rs. 15,000 crore to be aloft by NHAI through bonds.
– 10,000 km of civic highways in 2016-17 and 50,000 km accompaniment highways to be adapted to NH roads.
– New greenfield ports to be developed on east and west coasts. Revival of underserved airports. Centre to Partner with States to animate baby airports for bounded connectivity
– Plan to augment nuclear ability in the abutting 15-20 years.
– Reforms in FDI action in the areas of Allowance and Pension, Asset Reconstruction Companies, Banal Exchanges.
– Statutory base for a Monetary Action framework and a Monetary Action Committee through the Finance Bill 2016.
– Allocation of Rs. 25,000 crore appear recapitalisation of Accessible Area Banks.
– General Allowance Companies endemic by the Government to be listed in the banal exchanges.
– People with assets beneath than Rs. 5 lakh to get answer of Rs 5,000 beneath area 87A, up from Rs 2,000 aftermost year. HRA answer up from Rs. 24,000 to Rs. 60,000 p.a.
– 40% of abandonment at the time of retirement beneath Civic Pension Arrangement to be tax exempt.
– Added absolution of Rs. 50,000 for apartment loans up to Rs. 35 lakh, provided amount of abode is not aloft Rs. 50 lakh.
– No changes accept been fabricated to absolute assets tax slabs.
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