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Budget 2015: MGNREGA allocation increased by Rs 5,000 crore; at highest-ever level

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Budget 2015: MGNREGA allocation increased by Rs 5,000 crore; at highest-ever level

Fema to be ammended for capital account transaction
Rs. 246726 cr allocared for defence

Removal of FDI / FII distinction should simplify foreign investment regime

First step to creating a Bank Holding company. Positive for banking stocks especially PSU banks

Thanks for Update .
  • Indian Gold Coin to recycle local gold; cut overseas gold demand

 

  • To introduce Gold Monetising Scheme; To earn interest 

 

  • Jewellery companies such as Gitanjali Gems, Shrenuj & Co, Tribhovandas Bhimji Zaveri gain

FY16 expenses at Rs 13.13 lakh crore: FM

Total expenditure estimated at crore Rs 17.70 lakh crore: FM

Corporate tax rate reduce to 25% in next 4 yrs
Employees contribution to the EPF shoulb be optional 8.5 lac cr. Credit to be fiven to farmers in 2015-16
Rs. 68,968 crore for education sector
Corporate tax reduced to 25 % from 30

Govt Plans to introduce DT regime that is internationally cometitive on rates without exemptions.

A welcome step1

 

Revenue deficit at 2.8% of GDP: FM

Basic Tax rate for corporates reduced to 25%!!
Good initiative to reduce corp tax


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