O slideshow foi denunciado.
Seu SlideShare está sendo baixado. ×
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Próximos SlideShares
Union budget 2014 2015
Union budget 2014 2015
Carregando em…3
×

Confira estes a seguir

1 de 21 Anúncio

Mais Conteúdo rRelacionado

Diapositivos para si (20)

Quem viu também gostou (18)

Anúncio

Semelhante a Budget 2015 16 (20)

Mais recentes (20)

Anúncio

Budget 2015 16

  1. 1. Indian Union Budget 2015-16 SUBMITTED BY Vishnu Kumawat SUBMITTED TO Mr. Dharmesh Doshi
  2. 2. CHALLENGES AHEAD
  3. 3. FiveMajor Challenges National Priorities Fiscal Deficit  Agricultural income under stress  Increasing investment in infrastructure  Decline in manufacturing  Optimal allocation of resources  Maintaining fiscal discipline CHALLENGES IN BUDGET 2015 Public sector needs to step in to catalyze investment Make in India programme to create jobs in manufacturing Continue support to programmes with important national priorities such as agriculture, education, health, MGNREGA, rural infrastructure including roads. Challenge of maintaining fiscal deficit of 4.1% of GDP met in 2014-15, despite lower nominal GDP growth due to lower inflation and consequent sub-dued tax buoyancy.
  4. 4. FISCAL ROADMAP
  5. 5. To achieve fiscal target of 3% of GDP. 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 2014-15 2015-16 2016-17 2017-18 4.10% 3.90% 3.50% 3.00% Fiscal Deficit Fiscal Deficit Fiscal Roadmap 2015
  6. 6. Fiscal Roadmap 2015 Additionally Realistic figures shown in fiscal account without showing exaggerated revenue projections. Additional fiscal space will go to funding infrastructure investment. Need to view public finances from a National perspective and not just the perspective of the Central Government. Disinvestment to include both disinvestment in loss making units, and some strategic disinvestment.
  7. 7. Budget Estimates: A Comparison 1219892 575000 1794892 1364524 1312200 465277 1777477 1449490 Non-Plan expenditure Plan expenditure Total Expenditure Gross Tax receipts 2014-15 2015-16 4.10% 2.90% 3.90% 2.80% Fiscal deficit Revenue deficit 2014-15 2015-16
  8. 8. KEY HIGHLIGHTS
  9. 9. AGRICULTURE Rs. 25,000 cr for Rural Infrastructure Development Bank. Rs. 5,300 cr to support Micro Irrigation Programme Farmers credit - target of 8.5 lakh cr.
  10. 10. INFRASTRUCTURE Rs. 70,000 crores to Infrastructure sector. Tax-free bonds for projects in rail road and irrigation PPP model for infrastructure development to be revitalised and govt. to bear majority of the risk. Govt. proposes to set up 5 ultra mega power projects, each of 4000MW. National Investment and Infrastructure Fund (NIIF), to be established with an annual flow of `20,000 crores to it.
  11. 11. EDUCATION AIIMS in J&K, Punjab, Tamil Nadu, Bihar, Himachal Pradesh and Assam. IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT. Centre of film production, animation and gaming to come up in Arunachal Pradesh. IIM for Jammu and Kashmir and Andhra Pradesh. Kerala to have University of Disability Studies NIPER: National; Institute of Pharmaceutical Education and Research
  12. 12. TOURISM Tourism ministry gets 33% hike Increase cover for visa on arrival (VoA) facility to 150 countries against 43.
  13. 13. WELFARE SCHEMES Direct Benefit Transfers via JAM trinity and GST J A M Pradhan Mantri jan Dhan Yojana is a scheme made for Indians under which all Indians will be looking to have a bank account with a target to provide “Universal access to banking facilities”. Aadhaar is a unique 12-digit Identification number issued to individuals for the purpose of establishing unique identification of every single person. With the advent of new technologies,telecom is now enabling healthcare, education, f inancial inclusion and much more.
  14. 14. WELFARE SCHEMES Make in India is an international marketing campaigning slogan coined by Narendra Modi, The prime minister of India on 25th September 2014 to attract business from around the world to invest and manufacture in India. Objectives: To make India a global manufacturing hub. Foster innovation To promote & Facilitate investment in the manufacturing sector
  15. 15. WELFARE SCHEMES Six crore toilets across the country under the Swachh Bharat Abhiyan. Housing for all by 2020. Upgradation 80,000 secondary schools. For the Atal Pension Yojana, govt. will contribute 50% of the premium limited to Rs. 1,000 a year. New scheme for physical aids and assisted living devices for people aged over 80 Govt. to use Rs. 9,000 crore unclaimed funds in PPF/EPF for Senior Citizens Fund. Rs. 5,000 crore additional allocation for MGNREGA. Govt. to create universal social security system for all Indians.
  16. 16. Abolition of Wealth Tax. No change in the tax slab For Individuals Additional 2% surcharge for the super-rich with income of over Rs. 1 crore. Rate of corporate tax to be reduced to 25% over next four years. Service tax increased from 12.36 % to14 % 100% exemption u/s 80G for contribution to Swachch Bharat, apart from CSR GAAR (General Anti-Avoidance Rule) has been deferred by 2 years If a Company has its “place of effective management” at any point of time in the year in India, then it will be taxed as a TAXATION
  17. 17. FINANCE Proposal to bank the un-bank and fund the un-fund by establishing MUDRA bank to re-finance micro-finance institutions Proposal to improve liquidity in MSME sector by establishing electronic Trade Receivables Discounting System (‘TReDS’) which shall finance trade receivables of such MSMEs Proposal to introduce measures that will incentivize credit or debit card transactions, and disincentivize cash transactions. Monetization by the banks of gold deposits placed by the jewelers. The new scheme will allow the depositors of gold to earn interest in their metal accounts and the jewelers to obtain loans in their metal account. NBFCs registered with the RBI and having asset size of Rs 5000 MN or above to be considered as ‘financial institution’ under Sarfaesi Act, 2002, enabling them to fund SME and mid-corporate businesses Banking
  18. 18. FINANCE Capital Market Forward Markets Commission to be merged with the Securities and Exchange Board of India to reduce wild speculation Proposal to place the Indian Financial Code, Bankruptcy Code, Benami Transactions (Prohibition) Bill in the Parliament for consideration The definition of derivatives under SCRA has been amended to include repo and reverse repo, commodity derivatives and such other instruments as may be declared by the Central Government as derivatives
  19. 19. BUDGET IMPACT FOR COMMON MAN Leather artifacts like shoes Tablets & Laptops Ambulance Charges Cold Fruits and Vegetables Solar water Heaters Imported Commercial Vehicles Cold Drinks & Mineral Water Cigarettes Telephone call charges Executive air fare Restaurant & Hotel Bills

×