Friday 27 February 2015

Budget Highlights - 5

*  Government committed to increasing access of people to the banking system


 *  Universal social security system for all Indians, especially poor and disadvantaged sections

 *  Atal Pension Yojna for economically disadvantaged

 *  PPF and EPF corpus to be utilised for senior citizens' welfare fund

 *  Physical aids and assisting devices for physically challenged senior citizens

 * Main challenges: increasing agricultural production; increasing investment in infrastructure; with manufacturing declining, Make in India will create jobs; cooperative federalism

 * Agriculture credit targetted at Rs.8.5 lakh crore

 * Rural jobs scheme to get Rs.34,699 crore; Every poor to get a job

 * To work with NITI Aayog for creating a National Agricultural Market

 *  Need well-targeted system for subsidies.

 *  Direct transfer of subsidy to LPG consumers

 *  Appeal to well-off consumers to surrender subsidised LPG connections

 *  Organic farm schemes of agriculture ministry to be supported

 *  'Per drop More crop' scheme for better irrigation

 *  Three achievements - Jan Dhan Yojna, coal auctions, Swachh Bharat

 *  Two more gamechanging reforms: Goods and Services Tax, JAM trinity (Jan Dhan Yojna, Aadhar, Mobile number) to ensure transparency

 * Our achievement to conquer inflation, CPI inflation at five percent by year-end

 * GDP growth at 7.4 percent in 2014-15 and at 8-8.5 percent in 2015-16; double-digit growth feasible

 * We are in an economic environment far more positive than in the recent past
 
 * Undertaken several significant steps to energise the Indian economy in last nine months
 
 * India's chance to fly
 
 * Budget proposals lay down roadmap for economic growth.

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