* Tax* *Infrastructure and agriculture cess to be levied.*
*Excise duty raised from 10 to 15 per cent on tobacco products other than beedis* *1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh.* *SUVs, Luxury cars to be more expensive. 4% high capacity tax for SUVs.* *Companies with revenue less than Rs 5 crore to be taxed at 29% plus surcharge* *Limited tax compliance window from Jun 1 - Sep 30 for declaring undisclosed income at 45% incl. surcharge and penalties* *Excise 1 per cent imposed on articles of jewellery, excluding silver.* *0.5 per cent Krishi Kalyan Cess to be levied on all services.* *Pollution cess of 1 per cent on small petrol, LPG and CNG cars; 2.5 per cent on diesel cars of certain specifications; 4 per cent on higher-end models.* *Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10 per cent.* *Personal Finance* *No changes have been made to existing income tax slabs* *Rs 1,000 crore allocated for new EPF (Employees' Provident Fund) scheme* *Govt. will pay EPF contribution of 8.33% for all new employees for first three years* *Deduction for rent paid will be raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses.* *Additional exemption of Rs. 50,000 for housing loans up to Rs. 35 lakh, provided cost of house is not above Rs. 50 lakh.* *Service tax exempted for housing construction of houses less than 60 sq. m* *15 per cent surcharge on income above Rs. 1 crore* *Social* *Rs. 38,500 crore for Mahtma Gandhi MGNREGA for 2016-17* *Swacch Bharat Abhiyan allocated Rs.9,500 crores.* *Hub to support SC/ST entrpreneurs* *Government is launching a new initiative to provide cooking gas to BPL families with state support.* *LPG connections to be provided under the name of women members of family: Rs 2000 crore allocated for 5 years for BPL families.* *2.87 lakh crore grants to gram panchayats and municipalities - a quantum jump of 228%.* *300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission* *Four schemes for animal welfare.* *Health* *2.2 lakh renal patients added every year in India. Basic dialysis equipment gets some relief.* *A new health protection scheme for health cover upto 1 lakh per family.* *National Dialysis Service Prog with funds thru PPP mode to provide dialysis at all district hospitals.* *Senior citizens will get additional healthcare cover of Rs 30,000 under the new scheme* *PM Jan Aushadhi Yojana to be strengthened, 300 generic drug store to be opened* *Education* *Scheme to get Rs.500 cr for promoting entrepreneurship among SC/ST* *10 public and 10 private educational institutions to be made world-class.* *Digital repository for all school leaving certificates and diplomas. Rs. 1,000 crore for higher education financing.* *Rs. 1,700 crore for 1500 multi-skill development centres.* *62 new navodaya vidyalayas to provide quality education* *Digital literacy scheme to be launched to cover 6 crore additional rural households* *Entrepreneurship training to be provided across schools, colleges and massive online courses.* *Objective to skill 1 crore youth in the next 3 years under the PM Kaushal Vikas Yojna-FM Jaitley* *National Skill Development Mission has imparted training to 76 lakh youth. 1500 Multi-skill training institutes to be set up.* *Energy* *Rs. 3000 crore earmarked for nuclear power generation* *Govt drawing comprehensive plan to be implemented in next 15-20 years for exploiting nuclear energy* *Govt to provide incentive for deepwater gas exploration* *Deepwater gas new disc to get calibrated market freedom, pre-determined ceiling price based on landed price of alternate fuels.* *Investments and infrastructure* *Rs. 27,000 crore to be spent on roadways* *65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day* *Shops to be given option to remain open all seven days in a week across markets.* *Rs. 55,000 crore for roads and highways. Total allocation for road construction, including PMGSY, - Rs 97,000 crore* *India's highest-ever production of motor vehicles was recorded in 2015* *Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 crore* *New greenfield ports to be developed on east and west coasts* *Revival of underserved airports. Centre to Partner with States to revive small airports for regional connectivity* *100 per cent FDI in marketing of food products produced and marketed in India* *Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset Management* *Govt will amend Motor Vehicle Act in passenger vehicle segment to allow innovation.* *MAT will be applicable for startups that qualify for 100 per cent tax exemption* *Direct tax proposals result in revenue loss of Rs.1060 crore, indirect tax proposals result in gain of Rs.20,670 crore* *Agriculture* *Total allocation for agriculture and farmer welfare at Rs 35984 crores* *28.5 lakh heactares of land wil be brought under irrigation.* *5 lakh acres to be brought under organic farming over a three year period* *Rs 60,000 crore for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.* *Dedicated irrigation fund in NABARD of Rs.20.000 cr* *Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.* *Banking* *Banks get a big boost: Rs 25,000 crore towards recapitalisation of public sector banks. Jaitley says: Banking Board Bureau will be operationalised, we stand solidly behind public sector banks.* *Target of disbursement under MUDRA increased to 1,80,000 crore* *Process of transfer of government stake in IDBI Bank below 50% started* *General Insurance companies will be listed in the stock exchange* *Govt to increase ATMs, micro-ATMs in post offices in next three years* <http://groups.yahoo.com/subscribe/worldmalayaliclub/> *வாழிய செந்தமிழ்! வாழ்க நற்றமிழர்!* *வாழிய பாரதமணித் திருநாடு!* [image: Dancing smiley animated emoticon] *v **a n a k k a m** S u b b u* [image: Dancing smiley animated emoticon] -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
