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
No
change
in tax
slabs.
5
Total
exemption
of up to
Rs.
4,44,200
can be
achieved.
6
100%
exemption
for
contribution
to
Swachch
Bharat,
apart
from
CSR.
7
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
Atal
Innovation
Mission
to be
established
to draw
on
expertise
of
entrepreneurs,
and
researchers
to
foster
scientific
innovations;
allocation
of Rs.
150
crore.
5
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
School
of Mines
in
Dhanbad
to be
upgraded
to IIT.
3
PG
institute
of
Horticulture
in
Amritsar.
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
Allocation
of Rs.
2,46,726
crore;
an
increase
of 9.87
per cent
over
last
year.
2
Focus on
Make in
India
for
quick
manufacturing
of
Defence
equipment.
WELFARE
SCHEMES
1
GST and
JAM
trinity
(Jan
Dhan
Yojana,
Aadhaar
and
Mobile)
to
improve
quality
of life
and to
pass
benefits
to
common
man.
2
Six
crore
toilets
across
the
country
under
the
Swachh
Bharat
Abhiyan.
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
Yojana,
govt.
will
contribute
50% of
the
premium
limited
to Rs.
1,000 a
year.
8
New
scheme
for
physical
aids and
assisted
living
devices
for
people
aged
over 80
.
9
Govt. to
use Rs.
9,000
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.
GOLD
1
Sovereign
Gold
Bond, as
an
alternative
to
purchasing
metal
gold.
2
New
scheme
for
depositors
of gold
to earn
interest
and
jewellers
to
obtain
loans on
their
metal
accounts.
3
To
develop
an
Indian
gold
voin,
which
will
carry
the
Ashok
Chakra
on its
face, to
reduce
the
demand
for
foreign
coins
and
recycle
the gold
available
in the
country.
FINANCIAL
SECTOR
1
Forward
Markets
Commission
to be
merged
with the
Securities
and
Exchange
Board of
India
2
NBFCs
registered
with the
RBI and
having
asset
size of
Rs 500
crore
and
above to
be
considered
as
‘financial
institution’
under
Sarfaesi
Act,
2002,
enabling
them to
fund SME
and
mid-corporate
businesses
3
Permanent
Establishment
norms to
be
modified
to that
mere
presence
of
offshore
fund
managers
in the
country
does not
lead to
“adverse
tax
consequences.”
.