Thursday, 24 March 2016

Now, solar energy can power air conditioner, refrigerator


Making a marked departure from the conventional system, a Chennai-based company provides a comprehensive system that ensures that a 2 kW solar panel can power a 1.5 tonne air conditioner, one 300 litre refrigerator, five fans, five LED tube lights (4 feet in length and 16 watts each) and eight LED bulbs (6 watts each) during the day.
There are many innovative systems that make this possible. In lieu of silicon crystalline panels that are routinely used, Basil Energetics Pvt Ltd uses thin film solar panels. Though efficiency of thin film panel is the same as silicon panel at 25 degree C, the energy yield of thin film is higher than silicon panel.
“This is because power rating is done at 25 degree C. In India, the outside temperature far exceeds 25 degree C, especially during summer. And for every 1 degree C increase in temperature, the loss in power rating is 0.5 per cent in the case of silicon panels; it is only 0.25 per cent with thin films. So 5 per cent more energy output is achieved by thin film panels,” “Solar panels need light not heat. That’s why they are more efficient in higher latitudes.”
Another advantage with the thin film panel is that unlike silicon panels where power production gets completely cut off even if a small part of the panel is covered by shade, only that part of the thin film panel that is not exposed to sunlight stops producing power.
Basil Energetics also manufactures electrical appliances that run on both direct current (D/C) and alternating current (A/C). The driver circuitry designed by Basil and more efficient motors manufactured by the company are used in the air conditioner, refrigerator and fan. Also, the refrigerator and air conditioner use a motor that runs on a variable speed compressor. “Our fans consume only 20 watts [normal fans need 75 watts] and a 1.5 tonne air conditioner requires only 1,200 watts initially and then run at 250-260 watts. The average consumption is only 333 watts, while normal air conditioners always need 1,650 watts,” he said. “Our refrigerators consume only 40 watts, while conventional ones consume 150 watts.”
But the brain of the whole system is a smart grid (iGrid) that manages the load by monitoring the power availability in the panel on one hand and load demand on the other to ensure smooth functioning in four different scenarios. All appliances are run on panel-produced power when there is adequate power, but when the demand is higher than the power produced, the iGrid runs as many appliances as possible using solar power and the remaining from the grid. During the night, the iGrid draws power from the grid while excess power produced during the day (when all appliances are not used) is fed to the grid. “This management is done automatically,” “A battery can also be connected to the iGrid to run the appliances in the night.”
Since the appliances use less power than conventional ones, the area of the thin film panel required is less. A thin film panel of 160 sq. feet area can provide 2 kW power when appliances manufactured by Basil are used, a 400 sq. feet area silicon panel is required n the case of conventional appliances, he said.
In the case of 2 kW capacity the investment would work out to Rs.4,20,000 for the panel, iGrid, and appliances and installation. “The payback period will be 5-5.5 years depending on usage and tariff,” he said. It works out to Rs.1,10,000 in the case of 330 watts that can power a 180 litre refrigerator, three fans, two tube lights and two bulbs.
The company has so far completed 24 projects in a short span of 13 months.

BUDGET HIGHLIGHTS

·         Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.
·         Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.
·         For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.
·         Withdrawal up to 40% of corpus from Pension to be made tax-exempt
  • DDT to be exempt from REITs
  • The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.
  • Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh
  • For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh
  •  
  • Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.
  • Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.
  • For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.
  • Withdrawal up to 40% of corpus from Pension to be made tax-exempt
  •  
  • DDT to be exempt from REITs
  • The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.
  • Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh
  • For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh
  •  
  • Increase HRA to 60,000 per annum
  • Will reduce burden of tax for small tax payers
  • Tax rebate those under Rs 5 lakh/year
  • Relief for those who stay in rented houses
  • Tax benefits for start-ups annunced
  • Calibrated approach in cutting corporate tax
  • Capital gains not to be taxed if invested in select categories
  • Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess
  • LTCG period for unlisted firms reduced to 2 years
  • Economy, he says, has consolidated because of Govt's commitments to fiscal targets.
  • He added that govt needs to increase the pace for divestment.
  • Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM
  • Capital gains not to be taxed if invested in select categories
1.   
o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.
o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.
o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.
o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt
less
2.   
o    DDT to be exempt from REITs
o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.
o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh
o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh
less
3.   
o    Increase HRA to 60,000 per annum
o    Will reduce burden of tax for small tax payers
o    Tax rebate those under Rs 5 lakh/year
o    Relief for those who stay in rented houses
o    Tax benefits for start-ups annunced
o    Calibrated approach in cutting corporate tax
4.   
o    Capital gains not to be taxed if invested in select categories
o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess
o    LTCG period for unlisted firms reduced to 2 years
o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.
o    He added that govt needs to increase the pace for divestment.
o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM
o    Capital gains not to be taxed if invested in select categories
less
    • less 
      less 
    • o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      ·        
      • FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals
      • Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.
      • New pricing based on landed price is being considered - Jaitley
      • Work of national waterways already being expedited: FM
      • We will interlink state employment exchanges with national service career platform: FM

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o     

      9.  Clean Environment Cess for coal and lignite raised to Rs 400 per tonne
      10.             Increase excise duty on tobacco products between 10-15%
      11.             0.05% cess called Krishi Kalyan Cess on all taxable services.

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.             Rs 38,500 crore allocated for MGNREGA
      12.             To provide statutory backing to Aadhar: FM
      13.             A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM
      14.             A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD
      15.             First time plan expenditure has increased which is happening due to record public spending in infrastructure
      16.             At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018
      17.             Total allocation for agri and farmer welfare is Rs 35,984 crore

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      2.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      3.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      4.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      5.   

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      6.   

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      7.   

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      8.   

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.             Focus on health
      16.             Govt to launch new health protection scheme.
      17.             National dialysis service programme.
      18.             Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.
      19.             Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens
      20.             Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      2.   

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      3.   

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      4.   

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      5.   

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      6.   

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      7.   

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.              

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      16.              

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      17.              

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.              

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      16.              

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      17.              

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      18.              

      o    Rs 19,000 cr for rural road development

      o    Plan to double farm income in 3 years

      o    Focus on rural economy

      o    Rs 2.87 cr allocated to the rural sector

      19.             Allocation for crop insurance Rs 5,500 crore
      20.             Four new projects for dairy procurement
      ·         Focus on drought prone areas
      Highest ever money spend on MNREGA
      ·         Electrified 5542 villages in 2016
      ·         100 village electrification to be achieved by 1st May, 2018
      ·         300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission
      ·         5 lakh acres to be brought under organic farming over three years: FM
      ·         FM: A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar
      ·         FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD
      ·         Long-term irrigation fund
      ·         be created  Infrastructure for irrigation will

      • FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations
      • Allocation to PM Fasal Bima Yojana for 2016/17 is Rs. 5500 crores
      • Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 Crore
      • 65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.              

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      16.              

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      17.              

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      18.              

      o    Rs 19,000 cr for rural road development

      o    Plan to double farm income in 3 years

      o    Focus on rural economy

      o    Rs 2.87 cr allocated to the rural sector

      19.              

      o    Allocation for crop insurance Rs 5,500 crore

      o    Four new projects for dairy procurement

      o    Focus on drought prone areas

      20.              

      o    Highest ever money spend on MNREGA

      o    Electrified 5542 villages in 2016

      o    100 village electrification to be achieved by 1st May, 2018

      o    300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

      21.              

      o    5 lakh acres to be brought under organic farming over three years: FM

      o    FM: A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar

      o    FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      o    Long-term irrigation fund

      o    be created  Infrastructure for irrigation will

      22.              

      o   
      FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations

      o    Allocation to PM Fasal Bima Yojana for 2016/17 is Rs. 5500 crores

      o    Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 Crore

      o    65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day

      23.              

      o    Massive thrust on agriculture and irrigation

      o    We had to work in unsupportive global environment, adverse weather conditions and obstructive political atmosphere-Jaitley

      o    We are grateful to our farmers for being the backbone of the country's food security-Finance Minister Arun Jaitley

      o    Industry leaders watching FM Jaitley' speech

      24.             Agenda for next year is to undertake transformative measures based on 9 pillars for India
      25.             Farm, rural sector, infra, social sector to have more government expenditure: FM
      26.             Jaitley says that recapitalization of banks will be done during next FY.
      27.             Focus on social and rural sectors

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.              

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      16.              

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      17.              

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      18.              

      o    Rs 19,000 cr for rural road development

      o    Plan to double farm income in 3 years

      o    Focus on rural economy

      o    Rs 2.87 cr allocated to the rural sector

      19.              

      o    Allocation for crop insurance Rs 5,500 crore

      o    Four new projects for dairy procurement

      o    Focus on drought prone areas

      20.              

      o    Highest ever money spend on MNREGA

      o    Electrified 5542 villages in 2016

      o    100 village electrification to be achieved by 1st May, 2018

      o    300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

      21.              

      o    5 lakh acres to be brought under organic farming over three years: FM

      o    FM: A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar

      o    FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      o    Long-term irrigation fund

      o    be created  Infrastructure for irrigation will

      22.              

      o   
      FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations

      o    Allocation to PM Fasal Bima Yojana for 2016/17 is Rs. 5500 crores

      o    Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 Crore

      o    65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day

      23.              

      o    Massive thrust on agriculture and irrigation

      o    We had to work in unsupportive global environment, adverse weather conditions and obstructive political atmosphere-Jaitley

      o    We are grateful to our farmers for being the backbone of the country's food security-Finance Minister Arun Jaitley

      o    Industry leaders watching FM Jaitley' speech

      24.              

      o    Agenda for next year is to undertake transformative measures based on 9 pillars for India

      o    Farm, rural sector, infra, social sector to have more government expenditure: FM

      o    Jaitley says that recapitalization of banks will be done during next FY.

      o    Focus on social and rural sectors

      25.              

      o    Agriculture, healthcare, financial reforms on agenda

      o    Law to give backing for Aadhar scheme

      o    The risk of global slowdown is mounting. Must have macro stability and fiscal prudence. Must rely on Indian markets and demand, and must continue with reforms to change lives for better, says the FM.

      o    Increased plan expenditure at RE stage in contrast to usual practice of reducing it: FM

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      E-assessments to be extended to all e-assesees 

      o    in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      2.   

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      3.   

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      4.   

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      5.   

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      6.   

      o    Rs 19,000 cr for rural road development

      o    Plan to double farm income in 3 years

      o    Focus on rural economy

      o    Rs 2.87 cr allocated to the rural sector

      7.   

      o    Allocation for crop insurance Rs 5,500 crore

      o    Four new projects for dairy procurement

      o    Focus on drought prone areas

      8.   

      o    Highest ever money spend on MNREGA

      o    Electrified 5542 villages in 2016

      o    100 village electrification to be achieved by 1st May, 2018

      o    300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

      9.   

      o    5 lakh acres to be brought under organic farming over three years: FM

      o    FM: A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar

      o    FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      o    Long-term irrigation fund

      o    be created  Infrastructure for irrigation will

      10.              

      o   
      FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations

      o    Allocation to PM Fasal Bima Yojana for 2016/17 is Rs. 5500 crores

      o    Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 Crore

      o    65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day

      11.              

      o    Massive thrust on agriculture and irrigation

      o    We had to work in unsupportive global environment, adverse weather conditions and obstructive political atmosphere-Jaitley

      o    We are grateful to our farmers for being the backbone of the country's food security-Finance Minister Arun Jaitley

      o    Industry leaders watching FM Jaitley' speech

      12.              

      o    Agenda for next year is to undertake transformative measures based on 9 pillars for India

      o    Farm, rural sector, infra, social sector to have more government expenditure: FM

      o    Jaitley says that recapitalization of banks will be done during next FY.

      o    Focus on social and rural sectors

      13.              

      o    Agriculture, healthcare, financial reforms on agenda

      o    Law to give backing for Aadhar scheme

      o    The risk of global slowdown is mounting. Must have macro stability and fiscal prudence. Must rely on Indian markets and demand, and must continue with reforms to change lives for better, says the FM.

      o    Increased plan expenditure at RE stage in contrast to usual practice of reducing it: FM

      14.              

      o    GDP growth accelerated to 7.4%: FM Arun Jaitley

      o    We have bridged the trust deficit created by the previous government: FM

      o    Our forex reserves are at the highest level: FM

      o    CPI inflation has come down to 5.4% under our government, despite two poor monsoons: FM

      o    Let us look at our achievements compared to the last three years of the last government, says Arun Jaitley.

      o    Financial markets have been battered: FM

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.              

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      16.              

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      17.              

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      18.              

      o    Rs 19,000 cr for rural road development

      o    Plan to double farm income in 3 years

      o    Focus on rural economy

      o    Rs 2.87 cr allocated to the rural sector

      19.              

      o    Allocation for crop insurance Rs 5,500 crore

      o    Four new projects for dairy procurement

      o    Focus on drought prone areas

      20.              

      o    Highest ever money spend on MNREGA

      o    Electrified 5542 villages in 2016

      o    100 village electrification to be achieved by 1st May, 2018

      o    300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

      21.              

      o    5 lakh acres to be brought under organic farming over three years: FM

      o    FM: A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar

      o    FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      o    Long-term irrigation fund

      o    be created  Infrastructure for irrigation will

      22.              

      o   
      FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations

      o    Allocation to PM Fasal Bima Yojana for 2016/17 is Rs. 5500 crores

      o    Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 Crore

      o    65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day

      23.              

      o    Massive thrust on agriculture and irrigation

      o    We had to work in unsupportive global environment, adverse weather conditions and obstructive political atmosphere-Jaitley

      o    We are grateful to our farmers for being the backbone of the country's food security-Finance Minister Arun Jaitley

      o    Industry leaders watching FM Jaitley' speech

    • 1.   

      o    Agenda for next year is to undertake transformative measures based on 9 pillars for India

      o    Farm, rural sector, infra, social sector to have more government expenditure: FM

      o    Jaitley says that recapitalization of banks will be done during next FY.

      o    Focus on social and rural sectors

      2.   

      o    Agriculture, healthcare, financial reforms on agenda

      o    Law to give backing for Aadhar scheme

      o    The risk of global slowdown is mounting. Must have macro stability and fiscal prudence. Must rely on Indian markets and demand, and must continue with reforms to change lives for better, says the FM.

      o    Increased plan expenditure at RE stage in contrast to usual practice of reducing it: FM

      3.   

      o    GDP growth accelerated to 7.4%: FM Arun Jaitley

      o    We have bridged the trust deficit created by the previous government: FM

      o    Our forex reserves are at the highest level: FM

      o    CPI inflation has come down to 5.4% under our government, despite two poor monsoons: FM

      o    Let us look at our achievements compared to the last three years of the last government, says Arun Jaitley.

      o    Financial markets have been battered: FM

      4.   

      o    We inherited an economy with low growth and high inflation: FM

      o    IMF has hailed India as a bright spot: FM

      o    Indian economy has held its ground firmly: FM

      o    India's foreign exchange reserves stand at over $350 billion: FM

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore

      o    Govt will pay interest of 9% in case of delay beyond 90 days in implementing appellate decision

      less 

      14.              

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      o    SEBI to develop new derivatives

      o    New measures to fight ponzi schemes

      15.              

      o    Focus on health

      o    Govt to launch new health protection scheme.

      o    National dialysis service programme.

      o    Catastrophic health events single largest cause of out of pocket expenditure, pushes people below BPL.

      o    Govt to launch new health protections schemed, health cover of Rs 1 lakh per family. Addl top up of Rs 30000 for senior citizens

      o    Rs 2,000 crore to meet initial cost of proving LPG connections for rural areas.

      16.              

      o    Four new projects for dairy farmers, to costs Rs 850 crore

      o    Govt goes all out, to light up entire India by May 2018

      o    Need to spread digital literacy in rural India

      17.              

      o    Rs 9000 cr for sanitation programme

      o    12 states have embraced e-marketing

      o    Focus on credit flow to farmers

      18.              

      o    Rs 19,000 cr for rural road development

      o    Plan to double farm income in 3 years

      o    Focus on rural economy

      o    Rs 2.87 cr allocated to the rural sector

      19.              

      o    Allocation for crop insurance Rs 5,500 crore

      o    Four new projects for dairy procurement

      o    Focus on drought prone areas

      20.              

      o    Highest ever money spend on MNREGA

      o    Electrified 5542 villages in 2016

      o    100 village electrification to be achieved by 1st May, 2018

      o    300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

      21.              

      o    5 lakh acres to be brought under organic farming over three years: FM

      o    FM: A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar

      o    FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      o    Long-term irrigation fund

      o    be created  Infrastructure for irrigation will

      22.              

      o   
      FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations

      o    Allocation to PM Fasal Bima Yojana for 2016/17 is Rs. 5500 crores

      o    Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 Crore

      o    65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day

      23.              

      o    Massive thrust on agriculture and irrigation

      o    We had to work in unsupportive global environment, adverse weather conditions and obstructive political atmosphere-Jaitley

      o    We are grateful to our farmers for being the backbone of the country's food security-Finance Minister Arun Jaitley

      o    Industry leaders watching FM Jaitley' speech

      24.              

      o    Agenda for next year is to undertake transformative measures based on 9 pillars for India

      o    Farm, rural sector, infra, social sector to have more government expenditure: FM

      o    Jaitley says that recapitalization of banks will be done during next FY.

      o    Focus on social and rural sectors

      25.              

      o    Agriculture, healthcare, financial reforms on agenda

      o    Law to give backing for Aadhar scheme

      o    The risk of global slowdown is mounting. Must have macro stability and fiscal prudence. Must rely on Indian markets and demand, and must continue with reforms to change lives for better, says the FM.

      o    Increased plan expenditure at RE stage in contrast to usual practice of reducing it: FM

      26.              

      o    GDP growth accelerated to 7.4%: FM Arun Jaitley

      o    We have bridged the trust deficit created by the previous government: FM

      o    Our forex reserves are at the highest level: FM

      o    CPI inflation has come down to 5.4% under our government, despite two poor monsoons: FM

      o    Let us look at our achievements compared to the last three years of the last government, says Arun Jaitley.

      o    Financial markets have been battered: FM

      27.              

      o    We inherited an economy with low growth and high inflation: FM

      o    IMF has hailed India as a bright spot: FM

      o    Indian economy has held its ground firmly: FM

      o    India's foreign exchange reserves stand at over $350 billion: FM

      28.              

      o    CAD has declined to $14.4 bn dollars, projected 1.4% of GDP

      o    Growth of GDP has accelerated - Jaitley

      o    Have managed this despite inheriting a weak economy. But have converted these into opportunities, says Arun Jaitley.

      o    Indian economy has stood its ground

      o    FM: The growth of GDP has accelerated to 7.6%

      1.   

      o    Thrust of tax proposals on relief to small taxpayer, tax generation, value addition, moving to pensioned society, affordable housing, addl resources, reducing litigation, simplification and rationalistiaon.

      o    Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum.

      o    For MSMEs, with revenue not more than Rs 1 crore, turnover limit for scheme raise to Rs 2 crore.

      o    Withdrawal up to 40% of corpus from Pension to be made tax-exempt

      less 

      2.   

      o    DDT to be exempt from REITs

      o    The finance ministry has issued a press release saying that hard copies of Budget 2016 will not be distributed for the media at Parliament House today as the number of copies have been curtailed as part of its green effort.

      o    Persons with higher income can bear higher tax cost. Tax @10% for persons/HUFs receiving dividend more than Rs 10 lakh

      o    For first homebuyers, addl Rs 50,000 tax exemption for houses under Rs 50 lakh

      less 

      3.   

      o    Increase HRA to 60,000 per annum

      o    Will reduce burden of tax for small tax payers

      o    Tax rebate those under Rs 5 lakh/year

      o    Relief for those who stay in rented houses

      o    Tax benefits for start-ups annunced

      o    Calibrated approach in cutting corporate tax

      4.   

      o    Capital gains not to be taxed if invested in select categories

      o    Lower corporate IT rate for FY17 of relatively small enterpises, with turnover of less than Rs 5 crore limited to 29% plus cess

      o    LTCG period for unlisted firms reduced to 2 years

      o    Economy, he says, has consolidated because of Govt's commitments to fiscal targets.

      o    He added that govt needs to increase the pace for divestment.

      o    Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G: FM

      o    Capital gains not to be taxed if invested in select categories

      less 

      5.   

      o    Incentives for new manufacturing companies and smaller enterprise companies: FM

      o    Service tax exempted for housing construction of houses less than 60 square metre: FM

      o    In 2016-17, govt eyes Rs 1,80,000 crore credit target through Mudra bank: FM

      o    Government should spend money on small scale irrigation projects, caution activists

      o    Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM

      o    Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses: FM

      less 

      6.   

      o    FM promises electricity,roads in every village,& cooking gas in every household, all in three years. Commendable goals

      o    Guidelines for PPP contracts to be issued. New credit rating systems for infra sector instead of relying standard perception of risk.

      o    New pricing based on landed price is being considered - Jaitley

      o    Work of national waterways already being expedited: FM

      o    We will interlink state employment exchanges with national service career platform: FM

      less 

      7.   

      o    Scheme to continue for 5 years to cover BPL households

      o    Women of India have faced the curse of smoke during cooking, time to remedy this - Jaitley

      o    Over Rs 87,000 crore allocated for rural development.

      8.   

      o    Further reforms in FDI policy

      o    New credit rating system for infrastructure

      o    To introduce public dispute resolution body

      o    Rs 3000 cr allocated for nuclear power

      o    Impetus to food processing industry

      o    To incentivise gas production from deep sea

      o    Measures to fight bankruptcy situation in banks

      o    Comprehensive codes on financial firms

      9.   

      o    Clean Environment Cess for coal and lignite raised to Rs 400 per tonne

      o    Increase excise duty on tobacco products between 10-15%

      o    0.05% cess called Krishi Kalyan Cess on all taxable services.

      10.              

      o    Rs 2,000 crore for LPG connection scheme for poor.

      o    LPG connection scheme for women members for BPL households

      o    Rs 87,765 crore allocated for rural development

      11.              

      o    Rs 38,500 crore allocated for MGNREGA

      o    To provide statutory backing to Aadhar: FM

      o    A unified agriculture platform to be dedicated to the nation on the birth anniversary of BR Ambedkar: FM

      o    A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

      12.              

      o    First time plan expenditure has increased which is happening due to record public spending in infrastructure

      o    At start of year, 18,500 villages were not electrified. As of mid-Feb, 5,500 villages have been electrified. 100% rural electrification to be done by May 2018

      o    Total allocation for agri and farmer welfare is Rs 35,984 crore

      13.              

      o    E-assessments to be extended to all e-assesees in 7 metros. to eliminate face-to-face meeting with tax official, to be conducted in e-environment.

      o    Baggage allowance for fliers likely to be increased.

      o    Deferred payment of customs duty for importers and exporters with proven track record

      o    Net impact of tax propoasls will result in revenue gain of Rs 19,000 crore