BUDGET HIGHLIGHTS

Income tax rebate limit increased from Rs 5 lakh to Rs 7 lakh under new tax regime
BUDGET HIGHLIGHTS

 Income tax rebate limit increased from Rs 5 lakh to Rs 7 lakh under new tax regime

 Railways get Rs 2.4 lakh crore, which is the highest-ever allocation to it

 Agricultural credit target increased to Rs 20 lakh crore

 Mobility Infra — 50 additional airports, heliports

 50 destinations to be selected through challenge mode for tourism

 Mahila Samman Savings Certificate will be made available for two years, deposits of up to Rs 2 lakh at 7.5 per cent interest

 Senior Citizens' Savings Scheme deposit limit raised to Rs 30 lakh from Rs 15 lakh

 Allocation for PM Awas Yojna increased by 66 per cent to over Rs 79,000 crore

 Capital investment outlay to be raised by 33 per cent to Rs 10 lakh crore, which will be 3.3 per cent of GDP in fiscal 2024

 Effective capital expenditure of centre to be - Rs 13.7 lakh crore

 157 new nursing colleges in major locations

 Mission to eliminate sickle cell anaemia by 2047

 Tribals to get Rs 15,000 crore over next three years for safe housing, sanitation, drinking water, and electricity.

 All cities and towns will be enabled for 100 per cent transition of sewers and septic tanks.

 Eklavya Model Residential Schools - 38,800 teachers will be hired

 Three centres for excellence for AI (Artificial Intelligence) will be set up in top educational institutes

 Rs 2,516 crore for Computerization of 63,000 credit societies

 100 labs to develop apps using 5G services to be set up in engineering institutions

 Rs 35,000 crore for energy transition to net-zero emission goals

 Green Hydrogen Mission for reduced dependence on fossil fuel

 Battery energy storage systems of 4000 MWh will be supported

 39,000 compliances reduced for ease of doing business

 30 Skill India international centres to be set up

 Natural Farming - one crore farmers will get assistance

 Per capita income has more than doubled to Rs 1.97 lakh in around nine years.

Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years.

 EPFO membership has more than doubled to 27 crore.

Rupee comes from

 Income tax 15 per cent

 Union Excise duties 7 per cent

 Corporation Tax 15 per cent

 GST and other taxes 17 per cent

 Borrowing and other liabilities 34 per cent

 Non-tax receipt 6 per cent

 Non-debt capital receipt 2 per cent

 Customs 4 per cent

Rupee goes to

 Pension 4 per cent

 Other expenditure 8 per cent

 States' share of taxes and duties 18 per cent

 Finance Commission and other transfer 9 per cent

 Central sector scheme 17 per cent

 Interest payment 20 per cent

 Centrally-sponsored schemes 9 per cent

 Subsidies 7 per cent

 Defence 8 per cent

Costlier items

 Articles made from gold bars

 Cigarettes

 Imitation jewelries

 Silver dores and bars

 Electric kitchen chimneys

 Imported bicycle toys

 Imported electric vehicles

Cheaper items

 Mobile phone parts

 TV panel parts

 Machineries for lithium ion batteries

 Raw materials for electric vehicle industries

 Lab-grown diamonds

 Fish-lipid oil

Also Watch:

Top Headlines

No stories found.
Sentinel Assam
www.sentinelassam.com