TEN NEWS #BUDGET2016 #VIKASKABUDGET HIGHLIGHTS @FOLLOWcii @FICCI_INDIA

14 crore farmers to be brought under soil health card scheme by March, 2017

Income tax dept. will expand e-sahyog to assist small taxpayers

Govt to introduce bill to amend Companies Act for ease of doing business; to enable registration of cos. in a day

Service tax exemption for construction of affordable housing upto 60 sq. m. under state and central housing schemes

Deduction for #rentpayers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses.

Ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income to be raised to Rs 5000 from Rs 2000

Plan Non-plan distinction to be removed from 2017/18

Fiscal deficit for FY 2016-’17 targeted at 3.5%

An increased allocation of Rs 1,80,000 Crores under PM MUDRA Yojana

Amount sanctioned under PM MudraYojana has reached Rs.1 lakh crore to cover 2.5 crore borrowers by Feb, 2016

Department of Disinvestment to be renamed as Department of Investment and Public Asset Management

Total allocation to road sector including PMGSY: Rs. 97,000 crores

Govt to provide health insurance of upto Rs.1 lakh per family.300 generic drug stores to be opened PM Jan Aushadi Yojana

1500 Multi skill training institutes to be set up

Rs. 38500 crores allocated to MNREGA

Rs. 87,765 crores for rural development as a whole have been allocated in the budget

Forex Reserves have reached their highest mark at $350 billion