UNION BUDGET highlights >> on top of a very bold Railway budget with 43 new superfast trains, Bullet trains, airport-terminal-like train stations with superb facilities including wi-fi etc etc.....primarily to be driven by funds from PPP (public private partnerships)....., following are the key pointers of todays Union budget....and the stock market is telling it all, already up by 400 points as I type !! JAI HIND & 3 CHEERS TO TEAM MODI ! . Allocation of Rs.1,000 crore for implementing One Rank One Pension scheme * War Memorial and War Museum to be established at Princess Park in New Delhi; Rs.1,000 crore allocated * Allocation of Rs.50 crore for National Police Memorial * Allocation of Rs.2.037 crore for creating integrated Ganga conservation mission * National sports foundations to be set up for disciplines like shooting, wrestling and boxing; Jammu and Kashmir gets Rs.200 crore to upgrade sports facilities; Sports university to come up in Manipur * Defence allocated Rs.229,000 crore; modernisation gets Rs.5,000 crore over and above interim budget * Bharat Depository Receipt to be created * Uniform KYC norms to be introduced across entire financial sector * Steps to revive SEZs * Sixteen new port projects to be taken up this fiscal * Jal Marg Vikas programme to be launched to promote navigation on Ganga from Allahabad to Haldia * Hastkala Academy to be set up with allocation of Rs.30 crore * Six more textile clusters to be set up with allocation of Rs.200 crore * Corpus of Rs.5,000 crore for long-term loans to farmers * Kisan TV to be launched to disseminate information in real time * Allocation of Rs.14,389 crore for rural roads * Allocation of Rs.50 crore for breeding of indigenous cattle * Export promotion mission to be established to bring all stakeholders under one umbrella * Lok Sabha takes five-minute break during finance ministers speech. Jaitley permitted to sit and read out on resumption * FDI limit in insurance sector raised to 49 percent * All states to get AIIMS like institutions * Allocation of Rs.100 crore for soil testing facilities * Second Green Revolution to be launched with focus on protein revolution * Allocation of Rs.100 crore to promote good governance * Allocation of Rs.3,600 crore for drinking water schemes * Allocation of Rs.500 crore for 5 more IITs and 5 more IIMs * Allocation of Rs.4,000 crore for National Housing Bank * Allocation of Rs.500 crore to improve broadband connectivity in rural areas * To print currency notes with Braille signs * Allocation of Rs.150 crore to improve safety of women in larger cities * Allocation of Rs.500 crore to provide 24x7 power in rural areas * Allocation of Rs.100 crore for Beti bachao, beti padao programme * Allocation of Rs.8,000 crore to improve rural housing * E-visas to be introduced at nine airports * New scheme to provide assured irrigation * Total sanitation in every household by 2019 * Shares of PSU banks to be sold to retail investors * Aiming at fiscal deficit of 3 percent by 2015-16 and 2 percent by 2016-17 * FDI in defence sector raised to 49 percent from 26 percent * CBDT to scrutinize all cases under 2012 law on retrospective tax cases * Problem of black money to be fully addressed * Expenditure Management Commission to be established this fiscal * Slow decision-making has resulted in lost opportunities * Green shoots of recovery in world economy * Budget will lay down steps aimed at 7-8 percent growth in next few years * The aim is Sub ke saath, sub ka vikas (With everyone, For everyones development)
Posted on: Thu, 10 Jul 2014 08:31:51 +0000
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