Highlights of Union Budget 2015-16 Sector Wise in PDF

    Highlights of Union Budget 2015-16
    Highlights of Union Budget 2015-16 Sector Wise in PDF:
    The List of Highlighting Points in the Union Budget 2015-16 was given below in sector wise for download in PDF which was passed by our finance minister Mr. Arun Jaitley on 28th February 2015.

    Agriculture
    1.
    Rs. 5,300 crore was allotted to support Micro Irrigation Programme
    2.
    Rs. 8.5 lakh crore was targeted for farmers credit
    3.
    Rs. 25,000 crore was allotted for Rural Infrastructure Development Bank
    Defense
    1.
    Rs. 2,46,726 crore was allotted for defense
    2.
    Defense equipments will be manufactured in India under Make in India Project
    Education
    1.
    New IIM will  be launched in Jammu& Kashmir and Andhra Pradesh
    2.
    For Horticulture a PG institute will be started in Amritsar
    3.
    AIIMS will be started at Jammu Kashmir, Punjab, Tamilnadu, Himachal Pradesh, Bihar and Assam.
    4.
    University of Disability Studies will be started at Kerala.
    5.
    New IIT in Karnataka
    6.
    Indian Institute of Mines in Dhanbad, Jharkhand will be upgraded to IIT.
    Infrastructure
    1.
    Rs. 70,000 crores was allotted for Infrastructure sector.
    2.
    Planned to start 5 ultra mega power projects, capacity of each 4000MW.
    3.
    To implement tax-free bonds for rail road and irrigation projects.
    4.
    Rs. 150 crore was allotted for Research and Development.
    5.
    NITI will be setup to encourage the involvement of the entrepreneurs and researchers to foster scientific innovations.
    Renewable Energy
    1.
    Targeted Renewable energy in 2022: 100K MW in solar; 60K MW in wind; 10K MW in biomass and 5K MW in small hydro.
    2.
    Rs. 75 crores was allotted for electric cars production.
    Taxation
    1.
    To Cutoff the Wealth tax
    2.
    Service tax will be increased to 14%
    3.
    Rs. 4, 44,200 will be achieved as total exemption.
    4.
    Surcharge will be increased by 2% for the richest persons those who have income of over Rs. 1 crore.
    5.
    For the contribution of Swachch Bharat the exemption will be 100% apart from CSR.
    6.
    Rate of corporate tax will be reduced to 25% within next four years.
    Tourism
    1.
    ‘On Arrival’ Visa will be provided to 150 countries
    2.
    Under the new tourism scheme, churches and convents will be developed in old Goa; Elephata caves, Lej Palace, Hampi, Jallianwala Bagh, Qutb Shahi Tombs at Hyderabad and Forest of Rajasthan. 
    Welfare Schemes
    1.
    Additionally, Rs.5,000 was allotted for MGNREGA
    2.
    Government has planned to launch Universal Social Security System for all Indians.
    3.
    New Scheme will be launched to provide physical aids and assisted living devices for aged people over 80 years.
    4.
    Planned to construct 50,000 toilets under Swachh Bharath Abhiyan
    5.
    Housing to all within 2020
    6.
    80,000 Secondary schools will be upgraded
    7.
    Two new programmes such as GST& JAM Trinity were introduced, and GST will be implemented by April 2016.
    8.
    To encourage the first generation SC/ST entrepreneurs, MUDRA bank will refinance micro finance organizations.
    9.
    Under Atal Pension Yojana, Government will contribute 50% of Premium of Rs. 1000 per year.
    10.
    Direct Benefit Transfer (DBT) will be expanded from 1 crore to 10.3 crore.

    Total Revenues and Expenditure:
    Gross Tax Receipts
    Rs. 14,49,490 crore
    Non Tax Revenues
    Rs. 2,21,733 crore
    Devolution of the States
    Rs. 5,23,958 crore
    Share of the Central Government
    Rs. 9,19,842 crore
    Non-Plan Expenditure
    Rs. 13,12,200 crore
    Plan Expenditure
    Rs. 4, 65,277 crore
    Total Expenditure
    Rs. 17,77,477 crore
    Fiscal Deficit
    3.9% of GDP and Revenue Deficit: 2.8% of GDP

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