BUDGET IDENTIFIES FIVE OBJECTIVES RELATING TO GROWTH, INVESTMENT, SUPPLY
BOTTLENECKS,GOVERNANCE AND REMOVING MALNUTRITION.
AMENDMENT TO FRBM ACT INTRODUCED AS PART OF FINANCE BIL.
AMENDMENT TO FRBM ACT INTRODUCED AS PART OF FINANCE BIL.
CENTRAL
SUBSIDIES TO BE KEPT UNDER 2 PER CENT OF GDP; TO BE FURTHER BROUGHT DOWN TO
1.75 PER CENT OF GDP OVER THE NEXT 3 YEARS
Rs.
30,000 CRORE TO BE RAISED THROUGH DISINVESTMENT
EFFORTS
TO REACH BROADBASED CONSENSUS ON FDI IN MULTI-BRAND RETAIL
INVESTMENT IN 12TH PLAN IN
INFRASTRUCTURE TO GO UPTO RS. 50,00,000 CRORE; HALF OF THIS IS EXPECTED FROM PRIVATE SECTOR
TARGET
FOR AGRICULTURAL CREDIT RAISED TO RS. 5,75,000 CRORE
NATIONAL
URBAN HEALTH MISSION IS BEING LAUNCHED
UID-AADHAR
TO GET ADEQUATE FUNDS FOR ENROLMENT OF 40 CRORE PERSONS
A
NUMBER OF MEASURES PROPOSED TO DETER GENERATION AND USE OF UNACCOUNTED MONEY
WHITE
PAPER ON BLACK MONEY TO BE LAID IN CURRENT SESSION OF PARLIAMENT
TAX
PROPOSALS MARK PROGRESS IN THE DIRECTION OF MOVEMENT TOWARDS DTC AND GST
INCOME
TAX EXEMPTION LIMIT RAISED FROM RS.1,80,000 TO
RS.2,00,000; UPPER LIMIT OF 20 PER CENT TAX SLAB RAISED FROM RS.8 LAKH TO RS.10
LAKH
GENERAL
ANTI AVOIDANCE RULE BEING INTRODUCED TO COUNTER AGGRESSIVE TAX AVOIDANCE
STANDARD
RATE OF EXCISE DUTY RAISED FROM 10 PER CENT TO 12 PER CENT; SERVICE TAX RATES
RAISED FROM 10 PER CENT TO 12 PER CENT; NO CHANGE IN PEAK CUSTOMS DUTY OF 10
PER CENT ON NON-AGRICULTURAL GOODS
FISCAL
DEFICIT TARGETED AT 5.1 PER CENT OF GDP, AS AGAINST 5.9 PER CENT IN REVISED
ESTIMATES FOR 2011-12
CENTRAL
GOVERNMENT DEBT AT 45.5 PER CENT OF GDP AS COMPARED TO THIRTEENTH FINANCE
COMMISSION TARGET OF 50.5 PER CENT
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