UNION BUDGET Key Features Part 1

UNION BUDGET Key Features Part 1

Three Key achievements so far :

1)Financial Inclusion - 12.5 crores families financially mainstreamed in 100 days.

2)Transparent Coal Block auctions to augment resources of the States.

3)Swachh Bharat is not only a programme to improve hygiene and cleanliness but has become a      movement to regenerate India.

Game changing reforms on the anvil:

            ♦ Goods and Service Tax (GST)

            ♦ Jan Dhan, Aadhar and Mobile (JAM) - for direct benefit transfer

STATE OF ECONOMY

Inflation                                                     

Ø  Inflation declined - a structural shift

Ø  CPI inflation projected at 5% by the end of the year, consequently, easing of monetary   policy.

Key Features of Budget 2015-2016

Ø  Monetary Policy Framework Agreement with RBI, to keep inflation below 6%.

Ø   GDP growth in 2015-16, projected to be between 8 to 8.5%.

Ø  Amrut Mahotsav - The year 2022, 75th year of Independence

Ø  Vision for “Team India” led by PM

Ø   Housing for all - 2 crore houses in Urban areas and 4 crore houses in Rural areas.

Ø   Basic facility of 24x7 power, clean drinking water, a toilet and road connectivity.

Ø   At least one member has access to means for livelihood.

Ø   Substantial reduction in poverty.

Ø   Electrification of the remaining 20,000 villages including off-grid Solar Power- by 2020.

Ø   Connecting each of the 1,78,000 un-connected habitation.

Ø   Providing medical services in each village and city.

Ø   Ensure a Senior Secondary School within 5 km reach of every child, while improving quality of education and learning outcomes.

Ø   To strengthen rural economy - increase irrigated area, improve the efficiency of existing irrigation systems, and ensure value addition and reasonable price for farm produce.

Ø   Ensure communication connectivity to all villages.

Ø   To make India, the manufacturing hub of the World through Skill India and the Make in India Programmes.

Ø   Encourage and grow the spirit of entrepreneurship - to turn youth into job creators.

Ø   Development of Eastern and North Eastern regions on par with the rest of the country

                                                                                                           (source:bjp.org)

Part 2 will be published in a while.....