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February 28, 2015

Union Budget 2015-16 Highlights : Pdf Download

236 comments

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Finance Minister Arun Jaitley today (28th February 2015) presented the Union Budget for the year 2015-16 aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Being termed as 'make or break', this is Arun Jaitley and the NDA Government's first full-year Budget. You can download the pdf version of Budget 2015-16 from here.

Note : Before reading the following Points, read Important Details you should know about Budget from here

Important Numbers to Note 

  • Non-Plan expenditure : Rs 13,12,200 crore.
  • Plan expenditure : Rs Rs 4,65,277 crore.
  • Total expenditure : Rs 17,77,477 crore.
  • Gross Tax receipts : Rs 14,49,490 crore.
  • Devolution to the States : Rs 5,23,958 crore.
  • Share of Central Government : Rs 9,19,842 crore.
  • Non Tax Revenues : Rs 2,21,733 crore.
  • Fiscal deficit : 3.9% of GDP and Revenue Deficit: 2.8% of GDP

Key Highlights of Union Budget 2015

  • No change in individual IT slabs
  • Individual tax payer can now get benefit upto 4.4lac
  • Corporate tax reduced to 25pc
  • Wealth tax replaced with 2 pc surcharge on super rich with above 1 crore Rs annual income.
  • Target of 8.5 lakh crores credit to be given to farmers in 2015-16
  • Corporate Tax reduced from 30% to 25% for next four years for employment generation.
  • 100pc exemption in CSR activities for Clean Ganga Fund and Swachh Bharat Kosh
  • Increase in limit of deduction of health insurance premium
  • Benami‬ transaction prohibition Bill to be introduced in this session
  • 1,54,000 points identified for ‎Postal Banking‬
  • Tax evasion may lead to imprisonment up-to ten years.
  • Custom duty on raw materials and intermediaries to be reduced
  • Increase in limit of deduction in health insurance premium from Rs 15,000 to Rs 25,000; Rs. 30,000 for senior citizens
  • Transport allowance exemption on Income Tax increased from Rs. 800 to 1600
  • Rs 50000 deduction in taxable income for contribution to NPS
  • Rs. 8.5 lakh crore for ‎Farm Credit‬ in 2015-16
  • At least one member of each family to get a job.
  • Government to utilize vast postal network for increasing access to institutional banking.
  • To bring a bankruptcy code in the year 2015-16 that will meet global standards and provide for judicial capacity.
  • Proposes to create a national agriculture market to increase income of farmers.
  • Universal social security system through insurance for all.
  • PM Surakhsha Bima Yojana to increase the access to insurance ; it will be linked with Jan Dhan Yojana. 
  • Yojana to offer coverage of 2 lakh rupees for just premium of 12 rupees
  • Atal Pension Yojana to provide defined pension according to contribution ; 50 per cent contribution to be from Government
  • Comprehensive law on black money stashed abroad.
  • Imprisonment of 10 yrs under Black Money Law.
  • GAAR deferred by 2 yrs
  • Employees contribution to the EPF should be optional : FM
  • For women's security, additional 1,000 crore to Nirbhaya fund.
  • Govt. to introduce Gold Monetization Scheme, Sovereign Gold Bonds and Gold coins with Ashok Chakra
  • FM announces : Will increase Visa On Arrival facilitiy from 43 to 150 Countries.
  • National Skill Mission to be launched for youth below 25 yrs of age
  • AIIMS in JK,Punjab,TN,HP,Assam.
  • ISM Dhanabad will be upgraded to full IIT.
  • IIT in Karnataka, IIM in J&K and Andhra Pradesh.

Sector wise Highlights of Union Budget 2015


Taxation
  1. Abolition of Wealth Tax.
  2. Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
  3. Rate of corporate tax to be reduced to 25% over next four years.
  4. Total exemption of up to Rs. 4,44,200 can be achieved.
  5. 100% exemption for contribution to Swachch Bharat, apart from CSR.
  6. Service tax increased to14 per cent.
Agriculture  
  1. Rs. 25,000 crore for Rural Infrastructure Development Bank.
  2. Rs. 5,300 crore to support Micro Irrigation Programme.
  3. Farmers credit - target of 8.5 lakh crore.
Infrastructure

  1. Rs. 70,000 crores to Infrastructure sector.
  2. Tax-free bonds for projects in rail road and irrigation
  3. PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk.
  4. Rs. 150 crore allocated for Research & Development
  5. NITI to be established and involvement of entrepreneurs, researchers to foster scientific innovations.
  6. Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.
Education

  1. AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
  2. IIT in Karnataka; Indian Institute of Mines in Dhanbad to be upgraded to IIT.
  3. PG institute of Horticulture in Armtisar.
  4. Kerala to have University of Disability Studies
  5. Centre of film production, animation and gaming to come up in Arunachal Pradesh.
  6. IIM for Jammu and Kashmir and Andhra Pradesh.
Defence

  1. Rs. 2,46,726 crore for Defence.
  2. Focus on Make in India for quick manufacturing of Defence equipment.
Welfare Schemes
  1. 50,000 toilets constructed under Swachh Bharath Abhiyan.
  2. Two other programmes to be introduced- GST & JAM Trinity. GST will be implemented by April 2016.
  3. MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs.
  4. Housing for all by 2020.
  5. Upgradation 80,000 secondary schools.
  6. DBT will be further be expanded from 1 crore to 10.3 crore.
  7. For the Atal Pension Yojna, govt. will contribute 50% of the premium limited to Rs. 1000 a year.
  8. New scheme for physical aids and assisted living devices for people aged over 80 .
  9. Govt to use Rs. 9000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund.
  10. Rs. 5,000 crore additional allocation for MGNREGA.
  11. Govt. to create universal social security system for all Indians.
Renewable Energy
  1. Rs. 75 crore for electric cars production.
  2. Renewable energy target for 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and 5K MW in small hydro
Tourism

  1. Develpoment schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace, Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new toursim scheme.
  2. Visa on Arrival for 150 countries.

Download Budget 2015-16 Pdf File from here

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236 comments:

  1. Not good - congress

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  2. Excellent work team. Waiting fr this since afternoon :)

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  3. Optimus prime where are you my friend

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  4. thanx its very useful...

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  5. I give 6/10 marks to this budget....
    Not a interesting budget.....

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  6. when they release ibps clerk4 scores ?
    plse reply

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  7. Oh accha jee, kyu interesting nahi tha batao phir....

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  8. Congress wala hai perhaps :D

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  9. Ha na yar, malkeet meet aap chinta mat karo, agle sal ka budget aap banao, interesting, spicy budget banao, mai khud Narendra bhai modi jee ko bol dungi ki jaitley jee ko hatakar aapko finance minister banaye

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  10. Any news regarding ibps clerk iv scorecard? ???

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  11. amulya kumar pattojoshiFebruary 28, 2015 at 5:32 PM

    great job and a milestone achievement lets see for the people what they are doing?

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  12. He he he he, what a comment, Lol.....

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  13. Ibps clerk score when?

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  14. Hiten yaha pe kisiko kuch nahi malum

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  15. Ro mat shant ho jao

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  16. Had ho gayi wait karte karte

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  17. Ibps po me score kya hai aapka

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  18. 96. But English me fail. N aapka

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  19. When will IBPS declare the score for the Clerk Candidates who gave their interviews?

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  20. Ohhhhh kya yar badhiya score tha, English kitne mark se fail huye

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  21. Ohhhhhh...... Sad very sad

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  22. Aur 10 saal tak congress wale ko budget banane ki opportunity nahi milegi unless woh apna dal badal de :D

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  23. 100, na ek bhi kam na ek bhi jyada..

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  24. Aap gujju hai kya

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  25. Hiten tum gujrat sey ho kya

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  26. mudra bank for sc/st entrepreneurs giving 20000 crores

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  27. no,,,,, I m fan of Modi ji.. But for no relief to farmers, i gave 6 marks.....

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  28. hahahaha.....

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  29. I had uiic assistant interview today at Chandigarh,there were three members they just asked current gdp, types of insurance.cpt test was there.

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  30. Due to no change in individual IT slabs and
    Individual tax payer can now get benefit upto 4.4lac

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  31. I want secretary for my exam preprration...
    Eligibility:::
    1. Age b/w 25-30
    2. Must be citizen of India
    3. looking sexy and charm

    Salary will be paid after I got the job. Unless I will marry her.............
    Contact me:::::::::::
    mail::: malkeetmeet7@gmail.com
    facebook id: http://facebook.com/meet.DroolingOnU

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  32. #Sidve Jab Budget ki baat aati hai to Indian ye nhi dekhta k Party kaun si hai...
    waise bhi Me Modi ka fan hoon.... I have vote to Modi...
    So pls dont call me as Congerss wala... ok g

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  33. hai Preeti.... how r u.....????

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  34. what is there in cpt test

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  35. gudwrk team,,,,tank u so usefull

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  36. ru there akshay what task they have given to you in cpt test

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  37. Service tax bhi bdha diya hai.... Isse har thing expensive ho jayegi...
    Dekh lo ab Petrol 3 Rs. badh gya... Ab to bullet ko lock kr dena padega hamesa k liye....... 😒

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  38. I want secretary for my exam preprration...
    Eligibility:::
    1. Age b/w 25-30
    2. Must be citizen of India
    3. looking sexy and charm

    Salary will be paid after I got the job. Unless I will marry her.............
    Contact me:::::::::::
    mail::: malkeetmeet7@gmail.com
    facebook id: http://facebook.com/meet.DroolingOnU

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  39. What we need to do with word and excel in cpt...just typing or some calulations ?? and all the best for your results

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  40. Data corrupted they r trying to recover

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  41. Jagadish.M GayakwadFebruary 28, 2015 at 7:44 PM

    when will ibps score card will be announced?

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  42. what are your attempts?

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  43. kya Modi ji Service tax q bdha diya, ab to har cheej mehngi ho jayegi.... Petrol, Cable TV, DTH, Consultancy fee, etc...

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  44. hello Anvesha.. I m here yaar.. Where r u dear..

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  45. ibps score card?

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  46. may be next week

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  47. Ibps clerk 4 qualified students ke marks kab aayenge

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  48. ###Best wishes for your bright future dear !!!

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  49. msg u got it by sms or mail?

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  50. 7men and 4 boys can do a work in 6days.the work done by a man is twice dat of boys.in how many days can 5 men and 4 boys do that work? pls solve it ?

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  51. CONGRATS-ALL THE BEST

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  52. Nice review reddy
    good to see a ssgrbcc student review so far:-)

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  53. Manovikas Reddy YalchalaFebruary 28, 2015 at 9:07 PM

    wonder dear....All the Best Bro

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  54. Mjhe ni aya hai abhi tak......wating, yr tension ho gyi hai ye to .

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  55. saayad aap bjp waale hai :D

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  56. thanks for encouragement vittal all the best for ur further endevours...

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  57. plz tell how to post our experience in this site...

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  58. Did you clear exam or not? Because i am also cleared from Gujrat.

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  59. ya Thank you...and do we have to do that with laptop or pc, since my interview is scheduled in a hotel...and also whether they r checking our speed

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  60. Thnx:-D...n wish u the same:-)

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  61. On Friday.... My joining date is on 13th march...

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  62. U r asking abt 2nd list... But I m saying even waiting list is confirmed... Hope u understand....

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  63. Ok...let me know abt ur posting...

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  64. They ll ask abt relieving letter during joining....

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  65. sms ayana...

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  66. Kab aya tha bhai?

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  67. mera ku 6.40pm aya...

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  68. You tell Me yar. Little bit tensed
    .

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  69. That's great there. After your joining, please let us know the updates about 2 and list if you came know.

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  70. they will provide pc most probably.

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  71. No need of cerox copies n id proof?

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  72. Why Bhargavi what happened yar???

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  73. Yr mjhe to tension ho rahi hai bhai..kya karna chahiye ab.

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  74. wait karo yar...dnt worry..it wil came

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  75. from odisha 17th 8.30am

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  76. Hi vithal and hi to all.nenu kuda sbi clerk select ayyanu and nenu kuda nandyal lo coaching thesukunna.vitthal ne mobile no pampuava?

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  77. mine is 17th morng... any one there from hyd? is interview questions totally depend on agriculture?

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  78. You attempted 145 in SBI Clerk. I attempted 146 with almost 96-98% accuracy. still not qualified! :(

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  79. What do the interviewer actually look in a candidate while interviewing? What are the main aspects that they observe in a candidate? I saw they interview some candidates for long time and they leave some very soon. Can anyone explain? Does academic marks matter in interview?

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  80. its lokking good yar...u r sooo cool through out d interview...
    defintly u will be INN...
    congrats...

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  81. If u get posting in Punjab then pls come thr ok... I ll be waiting...

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  82. Guyz prepare well for interview... All the best...

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  83. How come so sure now... Did u call them?.. Did u call the hr?

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  84. Hello this is sabir remember...

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  85. Congrates to you...
    I am so happy for your review...

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  86. approximaelty 10 days more precisely 10.5 days

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  87. mam please fedrl bnk ke iiye study material btayiee
    and also financial awareness

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  88. Noting will they send offer letter to me or not. A little bit tension

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  89. My interview also on march 19 afternoon at 3pm from andhra

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  90. Me to Indian hoon...,Sidve BJP hi hoga.....
    But Budget is of poor grade.....

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  91. Bankers adda excellent and jagran josh also good

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  92. another caste obsessed confession...dear if you are capable you can cross any bar..don't look in others plate..youll never be satisfied then...this reservation has been made by considering all pros and cons...and god gives everyone what they deserve

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  93. My frnd who joined last time told me abt this...

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  94. congrats dear.................

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  95. Hai Bro congrats .. Please mention full name our sir name

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  96. Please bro btado fir

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  97. best of luck...

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  98. Hey Congrats...hw was ur IBPS PO Interview??

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  99. how to that eplanation provide me pls

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  100. Abhinay VishwanathMarch 1, 2015 at 12:50 PM

    They look at ur dressing, confidence, body language, communication skills and knowledge matters only to an extent as evident from the duration of the interviews and no,academics never matter in bank interviews

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  101. hey anvesha u there

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  102. Abhinay VishwanathMarch 1, 2015 at 1:33 PM

    Thank u so much :D

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  103. 7M+4B=6 days
    in the question 1M=2B then substitute this in the above eq then 7(2B)+4B=6 days it is 18B do it in 6days.Then he asked 5M+4B converted into all boys 5(2B)+4B=14Boys then 18 boys in 6 days 14 boys is
    18*6=14*?
    ?=(18*6)/14=54/7

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  104. Hey Bhargavi Come on yar.. U r not in waiting list.. U have selected in 2nd list.. U will surely receive ur offer letter within september... Pls be assured 100%

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  105. Kandita barpe maraya... dont worry dude:):)...Which city u have got posting???... yeppag popuna??

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  106. Thanks! and all the best to you brother!

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  107. Ha okay okay. Thank you very much. What else?

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  108. Sharath its better to make a Facebook group for the selected people. So it is better to get the updates from one another. Is that r8?

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  109. Guys we have created a public group with name Karnataka bank. If you all joined in that it is better to get the information to one and all. Please join that group in facebook

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  110. you go to tell..I pray that u must receive ur offer letter sooner than me.. to reduce ur tension from your mind..

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  111. Oh thank you very much :)

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  112. Ur welcome Bhargavi.. then?

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  113. Could you please join in fb group of Karnataka bank. So that it is easy for us to get in touch until we get the appointment ordrs

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  114. did any of u received appointment order ?

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  115. did any one of ur knowledge get appointment order ??

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  116. Next Sunday yenna brother na engagement undu... So aani ratre pidadunu...Patiala...O balle balle...

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  117. ok share the link also that will help other

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  118. hiiiiiii m also frm list 1st yet not received the appointment order :(

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  119. u got the aapointmnt according to ur preffred plz ??

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  120. u got the aapointmnt according to ur preffred plzz ??

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  121. guys plzzz join the group on facebook to help each other .. bcz we gonna work together . so lets start frm TODAY
    https://www.facebook.com/groups/996891560338746/

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  122. Chak de phatte bro... aavu maraya.. i think u belong to bhat family i guess..

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  123. Sure..Ok please send me the link

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  124. any one of u got appoinmrnt order ??
    for karnataka bank clerk

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  125. Give Me your fb I'd. I will add you otherwise just search group name as Karnataka bank. It is public group. Give me your id

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  126. facebook.com/sharathpk

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  127. आम जनता को क्या मिला आओ मैं बताता हूँ , सर्विस टेक्स 12 से
    बढ़ा कर 14 प्रतिशत करने से ये जनता को मिला -
    - एयर टिकट महंगा
    - एटीएम से पैसे निकालना महंगा
    - इंटरनेट महंगा
    - टेंट,पांडल लगाना महंगा
    - फोन/मोबाइल महंगा
    - कोरियर महंगा
    - टेक्सी से सफर महंगा
    - रेलवे टिकट महंगा
    - होटल मे रुकना और खाना महंगा
    - दवाइयाँ महंगी
    - घर लेना महंगा
    - स्कूल और कॉलेज की फीस महंगी
    - जिम जाना हुआ महंगा
    केवल जुत्ते सस्ते किए है ..... समझ रहे होगे क्यूँ ?

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  128. Shkr please share your fb I'd. I will add you in public group of Karnataka bank. It is easy to share updates.

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  129. https://m.facebook.com/BJP4India/photos/a.140501359323729.18423.121439954563203/942786632428527/?type=1&refid=8&_ft_=qid.6121212955562569195%3Amf_story_key.8645461567151456994%3Aei.6121212964113159028.6020629398990.19.0

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  130. We are bunts....yenklena Shetty family...

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  131. yeah.. kishan got the appointment order....

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  132. Oh.. super.. namaskara shettre ge??... i am bhat so asked...no matter what ever it is in friendship...

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  133. Yup that doesn't matter ...reach me @9632463953 ...I do use WhatsApp..

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  134. yan whatsapp use malpuji.. ino facebook id kolu...

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  135. Kishan please join in fb group of named Karnataka bank. It is easy to communicate with ever one

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  136. just wait,prepare for next.....simple funda forget after giving exams

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  137. Jishid you please share our link of Karnataka bank group

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  138. Please give fb I'd also. We will add you ppl in that group

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  139. Hey sorry for late reply.. search my fb username is......sharathpk

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  140. Pooh I think you are in 2 and list r8? Do you got appoint order

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  141. am in 2nd list..
    i hvnt received offer letter..
    it may take time..
    wt abt u?

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  142. Ok fine take my facebook id username is.... sharathpk

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  143. There are three men with that name:(

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  144. Please give ur fb id bro..we'll catch up there..

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  145. Select the guy u find from mysore

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  146. There are 3 men with your id

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  147. Clerks marks eppudu pedtaru

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  148. Ya i know.. Please select the one who is from Mysore

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  149. Could not found your I'd :(

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  150. Ya i know..please select the one who is from mysore

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  151. ya please select the one who is from mysore

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  152. I could not find that yar. Tell me about your profile pic

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  153. Yes, I am also in second list. You told that you got the appointment order. That's why I am asking you

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  154. I stopped using fb since long back... I ll get back to fb soon ok...

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  155. I stopped using fb since long back due to some reason... I ll get back to fb soon ok...

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  156. i didnt tel i got the offer letter..
    i told kishan whois in first list got ..

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  157. I have stand behind sun temple in konark which is like big circle..

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  158. Ok ill text u a msg from my mobile mentioning my name..

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  159. Really good highlights of the Union Budget. I also wnt to share this article regarding the Union Budget http://gosarkari.com/union-budget-highlights-2015-2016/

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  160. Dude did u received my text msg???

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  161. bhargavi if u dont find my facebook id.. give me urs ill search it..

    ReplyDelete