budget 2015
Here are sector-wise highlights
Taxation
| 1 | Abolition of Wealth Tax. |
| 2 | Additional 2% surcharge for the super rich with income of over Rs. 1 crore. |
| 3 | Rate of corporate tax to be reduced to 25% over next four years. |
| 4 | Total exemption of up to Rs. 4,44,200 can be achieved. |
| 5 | 100% exemption for contribution to Swachch Bharat, apart from CSR. |
| 6 | Service tax increased to14 per cent. |
Infrastructure
| 1 | Rs. 70,000 crores to Infrastructure sector. |
| 2 | Tax-free bonds for projects in rail road and irrigation |
| 3 | PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk. |
| 4 | Atal Innovation Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific innovations; allocation of Rs. 150 crore. |
| 5 | Govt. proposes to set up 5 ultra mega power projects, each of 4000MW. |
Education
| 1 | AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam. |
| 2 | IIT in Karnataka; Indian Institute of Mines in Dhanbad to be upgraded to IIT. |
| 3 | PG institute of Horticulture in Armtisar. |
| 4 | Kerala to have University of Disability Studies |
| 5 | Centre of film production, animation and gaming to come up in Arunachal Pradesh. |
| 6 | IIM for Jammu and Kashmir and Andhra Pradesh. |
Welfare schemes
| 1 | 50,000 toilets constructed under Swachh Bharath Abhiyan. |
| 2 | Two other programmes to be introduced- GST & JAM Trinity. GST will be implemented by April 2016. |
| 3 | MUDRA bank will refinance micro finance orgs. to encourage first generation SC/ST entrepreneurs. |
| 4 | Housing for all by 2020. |
| 5 | Upgradation 80,000 secondary schools. |
| 6 | DBT will be further be expanded from 1 crore to 10.3 crore. |
| 7 | For the Atal Pension Yojna, govt. will contribute 50% of the premium limited to Rs. 1000 a year. |
| 8 | New scheme for physical aids and assisted living devices for people aged over 80 . |
| 9 | Govt to use Rs. 9000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund. |
| 10 | Rs. 5,000 crore additional allocation for MGNREGA. |
| 11 | Govt. to create universal social security system for all Indians. |
Agriculture
| Rs. 25,000 c
Rural Infrastructure Development Bank |
| Rs. 5,300 cr
Micro Irrigation Programme |
| Rs. 8.5 lakh cr
Targeted for farmer credit |
Defence
| Rs. 2,46,726 cr
allocated for defence (an increase of 9.87 per cent over last year) |
| Focus on Make in India for quick manufacturing of Defence equipment. |
Renewable energy
| Rs. 75 cr
electric cars production |
| 2022: 100K MW
Solar power |
| 60K MW
Wind power |
| 10K MW
Bio Mass |
| 5K MW
Small Hydro |
Tourism
| Develpoment schemes for churches and convents in old Goa; Hampi, Elephanta caves, Forests of Rajasthan, Leh palace, Varanasi , Jallianwala Bagh, Qutb Shahi tombs at Hyderabad to be under the new toursim scheme. |
| Visa on Arrival for 150 countries |
Keywords: Union Budget 2015-16 falls short of expectations: Jayalalithaa
NHRC asks Delhi Police to submit report about placement agencies
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Taking suo motu cognisance of a media report, National Human Rights
Commission has asked the Delhi Police to submit a report about placement
agencies working in the national capital on allegations over their
involvement in human trafficking.
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According to an official statement released, the Commission has observed that the contents of the press report, if true, raise a serious issue of violation of human rights of women and children. (AKS-26/02) | |
Railway Minister Suresh Prabhu presents rail budget; No hike in passenger fares
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Railway Minister Suresh Prabhu on Thursday presented his maiden rail
budget.There was no hike in passenger fares and no new trains were
announced.
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The Budget laid out a clear road map to make Railways the key driver of economic growth and envisaged investment Rs 8.5 lakh crore over 5 years for railway modernisation. Presenting his maiden Rail Budget, Suresh Prabhu was very much aware of the challenges that lay ahead on his path. Prabhu, endeavored to maintain a perfect balance between the challenges of revenue generation and expectations from the Rail Budget which for a long period had been a victim of populist policies. Prabhu underlined four goals he has set for making railway journey a passenger friendly while ultimately making the public carrier financially viable. Decongesting the railway traffic has been a major concern for railways. To ease this pressure across the nation railway has sanctioned fast track expansion of 7000 Km of existing railway routes at the same time 1200 KM of new lines will be commissioned in the year 2015-16. An Expansion of 77 projects covering 9,400KM of existing rail lines and their electrification has been announced this will cost over 96,000 crore. The efforts to smoothen the rail traffic finds priority in this year's railway budget and rail minister has given Rs. 2,374 crore for this purpose. The Railway Minister announced that long haul Journeys between metros like Delhi-Kolkata and Delhi-Mumbai could be covered overnight now. Speed of 9 railway corridor is to be increased form 110 Km to 140kmph and from 160 Km to 200kmph. Freight movement will be faster as freight trains could touch a speed of 100 Km per hour. Country moves a step closer to realised dream of bullet train. The feasibility study of bullet train on Mumbai-Ahmadabad route is expected by mid of this year. An innovation council "kayakalp' will be set up for introducing a spirit of innovation in railways. Indian railway will have auditing of train operations and energy savings, also land resources will be digitised. New strategy to be chalked out to tap the advertising potential of railway stations and train through corporate branding. A full fledged university to be set up during 2015-16. Four railway research centers to be set up in select universities. 'Malviya Chair for railways technology at IIT (BHU) to be set up. For the Green Initiatives, Prabhu announced a number of sustainability and energy optimization steps. An environment directorate is being set up to focus on environment management. 1000 megtawatt of solar plants will be set up by the developer on railway land. Water auditing and expansion of water harvesting system has been announced in this railway budget. 100 Demu trains will be enabled for dual fuel CNG and diesel. To give a fillip to Tourism, 'Incredible Rail' in line with 'Incredible India' will be launched. Railway Minister announced that IRCTC is working on promoting Gandhi Circuit to mark the occasion of 100 years of the return of Mahtama Gandhi to India from South Africa. Also a 'Kisan Yatra' to be launched for farmers for farming and marketing technique centres. The minister has announced that all initiative announced in the budget will be taken in mission mode. It gives a hope that people will be able to experience these initiative soon. Railway Minister Suresh Prabhu had said before presenting the Railway Budget that the govt has tried its best tried to fulfil the expectations of people and the Budget did turn out to be a budget for all. Here's why... # The overall outlay for passenger amenities has been increased by 67%. # In order to cut down the travel time, the Railway Minister has announced introduction of train sets that will save 20% of the journey time # WiFi will be made available at 400 railway stations. # 10 satellite railway stations will be developed. # Water vending machines will be available at more stations. # An all India 24X7 helpline number 138 will be functional for redressing passenger grievances. # 7,000 more toilets will be replaced by Bio-Toilets. # A mobile application will be launched for grievance redressal. # Train Protection Warning System, Train Collision Avoidance System will be installed on select routes at the earliest. # The budget promised faster rail network growth in Jammu & Kashmir. # Barak Valley of Assam will be brought on broad gauge by March. # Coastal Connectivity Program in partnership with ports will be launched for rail connectivity to Nargol, Chharra, Dighi, Rewas and Tuna. # On-board entertainment will be introduced in select Shatabdi trains. # Facility of self-operated lockers will be available at stations. # More General class coaches will be added in identified trains. # Provision of Rs. 120 crore made for Lifts and escalators at stations. # Newly manufactured coaches will be Braille enabled. # Wider entrances of coaches will be built for the ease of differently-abled passengers. The Railways has also approached NID to design user friendly ladders for climbing upper berths. (AKS-26/02) | |
South Africa beat West Indies by record 257-run
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South
Africa beat West Indies by 257 runs in their pool B ODI cricket match
of the ICC World Cup in Sydney on Friday. West Indies were 151 all out
in 33.1 overs.
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Earlier, AB de Villiers played a captain's knock of 162 runs coming off 66 deliveries to help the Proteas post 408 for the loss of 5 wickets after 50 overs. Jason Holder gave West Indies an early breakthrough getting Quinton de Kock cheaply. Hashim Amla and Faf Du Plesis then stitched together 127 run partnership, the second highest for the Proteas in the World Cup. Amla completed his 28th fifty off just 75 balls while, Du Plesis also completed his 14th fifty. Chris Gayle turned his arm to send back both the batsmen. AB de Villiers and Rilee Rossouw exploited the batting powerplay collecting 72 runs. Roussouw fell after scoring 61 runs as did David Miller but that did not put speed breakers on the scoring. AB de Villiers was just unstoppable as he hit the 2nd fastest hundred in the world cup off just 52 deliveries. AB reached his 20th one day hundred and cut loose. AB along with Farhaan Behardien shared a 80 run stand for the 6th wicket that came off just 3.2 overs or 20 deliveries. AB ended unbeaten on 162 runs coming off just 66 deliveries. @BJ-27.02
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