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POINTS
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borrowings in 2016-17
49. To reduce the burden of loan repayment on farmers, a provision of 15,000 crore has
been made in the BE 2016-17 towards interest subvention
50. Farmers also take up other allied activities to supplement their family income. To
make dairying more remunerative to the farmers, four new projects will be taken up:
first, the Pashudhan Sanjivani nd provision of Animal Health Cards
(NakulSwasthya Patra); second, an Advanced breeding technology;
third,Creation of E-Pashudhan Haat, fourth, a National Genomic Centre for
indigenous breeds. These projects will be implemented at a cost of `850 crores
over the next few years
51. Implementation of 89 irrigation projects under AIBP, which have been languishing,
will be fast tracked. This will help to irrigate 80.6 lakh hectares. These projects
require `17,000 crore next year and `86,500 crore in the next five years. We will
ensure that 23 of these projects are completed before 31st March, 2017.
52. Banks get a big boost: Rs 25,000 crore towards recapitalisation of public sector banks.
Jaitley says: Banking Board Bureau will be operationalised, we stand solidly behind
public sector banks.
53. Target of disbursement under MUDRA increased to 1,80,000 crore
54. Process of transfer of government stake in IDBI Bank below 50% started
55. General Insurance companies will be listed in the stock exchange
56. Govt to increase ATMs, micro-ATMs in post offices in next three years
57. Committed to implementing GAAR from April 1, 2017.
58. 160 airports and airstrips can be revived at a cost of Rs 50-100 Crore each.
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60. Rs 1,000 crore allocated for new EPF (Employees Provident Fund) scheme.
61. Rs. 1000 cr set aside for higher education financing.
62. outlay for infrastructure in Budget 2016 now stands at Rs 2,21,246 Cr
63. A national careers service was launched in July 2015. We propose to make 100
model career centres operational by end of 2016
64. Objective to skill 1 crore youth in the next 3 years under the PM Kaushal Vikas
Yojna.
65. Rs 19,000 crore to be allocated for Pradhan Mantri Gram Sadak Yojana.
66. Total allocation for agriculture and farmers welfare is Rs. 35,984 crores.
67. Foreign exchange reserves are at the highest ever level at $350 bn.
68. '2016: Current account deficit seen at 1.4% of GDP'
69. GDP growth has accelerated to 7.6%. CPI inflation has come down to 5.4%.
70. New scheme for BPL families for gas connections. Staturtory backing for Aadhaar platform to
ensure delivery of benefits.
71. For rural development as a whole, Budget allocated ` 87,765 crore inthe Budget for
2016-17.
72. 28.5 lakh hectares to be brought under irrigation.
73. Paramparagat KrishiVikasYojana to bring 5 lakh acres under organic farming.
74. Unified e-platform for farmers to be inaugurated on Ambedkar's birthday.[14TH Apirl ]
75. Agricultural credit target of Rs. 9 lakh crore. Govt to allocate Rs 5,500 crore for crop
insurance scheme.
76. Rs. 2.87 lakh crore for gram panchayats as per recommendation of 14th
finance commission. This translates to Rs. 80 lakh per gram panchayat and
over Rs. 21 crore perMunicipality. This is a quantum jump of 228% compared to the
previous five year period.
77. 8,500 crore has been provided for Deendayal Upadhayaya Gram Jyoti Yojna and
Integrated Power Development Schemes
78. land information management system. `150 crore hasbeen provided for this purpose
79. proposed tolaunch a new restructured scheme, namely, Rashtriya Gram Swaraj
Abhiyan, for which `655 crore is being set apart in 2016-17.
80. 5,542 villages have been electrified, more than the last three years combined.[Target 1st may
2018]
The tota linvestment in the road sector, including PMGSY allocation, would be
97,000 crore[27000/- PMGSY+55000 Road transport and Highway +NHAI Bonds}
during 2016-17.. Total outlay on roads and rails will be Rs. 2.18 lakh crore.[97000+121000
railways]
85. The total expenditure in the Budget for 2016-17 has been projectedat `19.78 lakh
crore, consisting of `5.50 lakh crore under Plan and `14.28 lakh crore under NonPlan. The increase in Plan expenditure is in the order of 15.3% over current year BE
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86. EPF at 8.3 per cent for all new employees enrolling in EPFO for the first three
years of their employment and . the scheme will be applicable to those with salary
up to `15,000 per month.
87. Direct Benefit Transfer for fertiliser subsidy.
88. Rs. 900 crore for buffer stock of pulses.
89. Rs. 100 crore for DeendayalUpadhyay's birthday celebrations and Guru Gobind Singh
300th birth anniversary.
90. Lowering of Corporate IT rate for companies not exceeding Rs. 5 crore turnover to 25% plus
surcharge.
91. The period for getting benefit of long term capital gain regime in caseof unlisted
companies is proposed to be reduced from three to two years
92. also propose to reduce service tax on Single premium Annuity (Insurance) Policies
from 3.5% to 1.4% of the premium paid in certain cases
93. Rate of Securities Transaction tax in case of Options is proposed to be increased
from .017% to .05%.
94. propose to rename the Clean Energy Cess levied on coal, lignite and peat as Clean
Environment Cess and simultaneously increase its rate from `200 per tonne to `400
per tonne
95. Investment limit for foreign entities in Indian stock exchanges will been hanced from
5 to 15% on par with domestic institutions.
96. 40% of withdrawal at the time of retirement under National Pension Scheme to be tax
exempt.
97. Ceiling under 87A to be increased to Rs. 3,000. HRA deduction up from Rs. 24,000 to Rs.
60,000 p.a.
98. FDI policy: Changes in insurance, pension, asset reconstruction
99. A bill on targeted delivery of financial services using Aadhar to be introduced.
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