BUDGET 2016 INDIA LIVE UPDATES GIVEAWAYS

11:00am
Pradhanmantri Fasal Bima Yojna Rs 5500
BPL family to get Gas – 2000 cr. (Scheme to run for 2 more years)

11:15
E PPLATFORM TO MARKET AGRICULTURE PRODUCTS
Rural Development – 87000cr

11:18
500 cr for pulses production
E-marketing portal for breeders
PradhanMantri Gram Sadak Yojna – 19000 cr.

11:22
Rural Loan to be 9.5lakh crore
MANREGA fund 4000cr. Increased

11:30
Dialysis Equipments under a new program gets excise Duty waiver
SC/ST hub of Startup Standup India Initiative
62 new Navoday Vidhalya in New Jilas
Higher Education – 1000cr

11:38
Online courses for Enterpenuership for Enterpenuer in remote places
30% Deduction in Emoluments for 3 Years

11:41
55000cr Roads and Highways infrastructure
15000 Through NHAI Bonds
Land and Infrastructure total of 2 lakh 21 Thousand cr.
97000cr. In total

11:44
Sugar Mala Project – National waterways 800cr

11:47
Power Generation Program 3000/Annum to augment nuclear energy

11:53
Financial Sector 25000cr for financial restructuring of Public Sector Banks
Expanding Adhar Card scope to support subsidy

12:03
2016-2017 Fiscal Deficit @ 3.5% of GDP

12:08
TAX REFORMS
-Ceiling of Tax Rebate from 2000-5000rs for Income below 5 lakh
– Rs 60000 per annum Deduction for Rent allowance
– Presumptive Income tax to 2 cr for small businesses
-SME Corporate TAX to be at 29%

12:20
Pension & EPF to be service tax free
Exempt of service tax @ 60meters affordable housing
Small Houses 100% Tax Deduction for 30-60 Metres Houses
PF to be given by government for first 3 Years

12:25
Rural Cess introduced @ 0.5 on all services
Tobacco Excise Duty increased from 12% to 15% (Excluding Bidis)

12:37
13Different Cess Abolished
Diesel Cars 2.5% Tax Increased
IT to extend e-filing by E-Sahyog

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