Some of the highlights of the budget proposals made by Finance Minister today in the Parliament:
Pt Madan Mohan Malaviya Teaching Programme to be started
FM proposes to set up 5 new IIMs and 5 new IITs
Propose to set up Center of Excellence in MP named after Lok Nayak JaiPrakash Narayan
15 Model Rural Health Research centers to be set up for rural health issues
FM proposes 12 more Govt Medical colleges with dental facilities
The four new AIIMS will be in Andhra, West Bengal, Vidarbha and Purvanchal
Propose to set up four more AIIMS; Rs.500 crore set aside for this. Six new AIIMS started recently have become functional
Rs.3600 crore set aside for National Rural Drinking Water
Backward Regional Grant Fund announced to address inter regional inequalities.
National Housing Banking programme proposed; sets aside Rs. 8000 cr for this programme.
PMGSY has a massive impact on rural development; sets aside Rs.14,389 crore for
Jaitley announces Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund.
FM laments apathy towards girl child, announces 'Beti padhao, beti badhao yojana', sets aside Rs.100 crore for this.
15 new Brail presses to be established
FM announces schemes for disabled persons in the country
EPFO will launch a unified account scheme for portability of Provident Fund accounts
A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised
Rs.50,548 crore proposed for SC development
Rs.200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion
Govt committed to providing 24/7 power supply to all homes
Total sanitation goals to be achieved by 2019
'Pradhanantri Krishi Sichayin Yojana' to be started for irrigation
A national multiscale programme called Skill India to be introduced to provide training and support for employment
In order to give major boost to tourism, E-visas would be introduced at 9 airports. This will facilitate visas on arriva
As large number of people migrate to cities, unless new cities are developed the present would become unliveable
We will examine proposal to give additional autonomy to banks and make them more responsible
Financial stability is the foundation of our recovery
FM proposes measures to encourage development of smart cities
India is the largest buyer of defence equipment
India needs boost in manufacturing sector
FDI is several sectors provides additional resources Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation.
I propose to strengthen authority for advance ruling in tax
We are committed to providing stable tax regime which is investor friendly
This govt will not ordinarily change policies retrospectively which creates a fresh liability
GST will streamline tax administration and result in higher tax collection for center and states
A new urea policy would be formulated
We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional
There is a gradual moderation in the WPI recently; but we are still not out of the woods