ANALYSIS OF UNION BUDGET 2015

PRESENTED BYNITIN SADNAND KRITIKA RAJ

BUDGETBUDGETDerived from French word Bougette which means a small bag.It contains the financial proposals, performance evaluation and future policies.presented each year on the last working day of February.It provides the estimates of governments expenditure for the Fiscal Year.

BUDGET 2015BUDGET

2015Focussed mainly upon the common man.Aimed at accelerating the economic growth to 8.5%To strengthen rural economy Tax exemptions and Increase in service tax to 14%Manufacturing hub of the World - Skill India and the Make in India Programs.GST and JAM trinity to improve quality of life.

ECONOMIC IMPACTSTax ProposalFinancial MarketInvestmentSkill IndiaMonetizing GoldWelfare SchemesInfrastructureTourismAnti inflation

TAX PROPOSALTAX PROPOSALCOORPORATECOMMON MAN

Make India competitive with Asian countriesIncrease in FDICorporate tax from 35% to 25%Reduction in excise duties.

Senior citizen limit increased to 30,000Abolition of wealth taxAdditional surcharge of 2%Service tax increased to 14%Deduction in pension schemeTransport allowance increased.

Encourage setting up of businessGrowth of industriesIncreasing job opportunities

ECONOMYNeedless to say it will impact the middle class as essential services will become costlier. Not good for the middle class people, since exemption limits remain same no increase in disposable income but expenses on movies, hotels, travel, legal, banking , restaurants etc all will increase.

INFRASTRUCTURETAX FREE INFRASTRUCTURE BONDSINCREASE IN OUTLAYS OF ROADS, RAILWAYS AND IRRIGATION PROJECTSCORPORATIZATION OF PUBLIC SECTOR COMPANIESATTRACT HUGE INVESTMENTS AND TAKE LEVERAGE OF LAND RESOURCESPOWER PROJECTSTO MEET THE POWER REQUIREMENT IN RURAL AREASDevelopment in infrastructure - job opportunities in departmentsDevelopment of industries due to investments in infrastructure

Development of the country.More job opportunitiesDevelopment of rural economyMake InIndia

FINANCIAL MARKETManufacturing hub of the World Forward Markets commission to be merged with SEBI.Gold to earn interest in their metal accountsPPF/EPF for Senior Citizens Fund.Easing of monetary policy with decline in inflation to 6%.Decline of inflation rate to 5% by year end.GDP growth to 8.5%.Strengthening of rural economy.More benefits for Senior citizen.More control over the markets of India.

TOURISMVISA ON ARRIVAL TO BE INCREASED TO 150 COUNTRIESDEVELOPMENT OF TOURISTS PLACES OF GOA, RAJASTHAN, AND HYDERABADForeign investments increases.Development of tourism department.Investments increases.Increase in Foreign exchange

WELFARE SCHEMESGST AND JAMATAL PENSION YOJANAPPF/EPF FOR SENIOR CITIZENS FUND.MUDRA BANK INVESTMENTS, DBT WILL BE FURTHER BE EXPANDED FROM 1 CRORE TO 10.3 CRORE.

DEVELOPMENT OF COMMON MAN BENEFITS FOR SENIOR CITIZENImprove quality of life, support for poor households and removing poverty.Development of SC/ST segment of the country.Save Rs. 25,000 crore in food subsidy provided

INVESTMENTSFOREIGN INVESTMENTS IN ALTERNATE INVESTMENT FUNDS TO BE ALLOWED.RS. 25,000 FOR RURAL INFRASTRUCTURE DEVELOPMENT BANK IN NABARD.RS. 5,300 CRORE TO SUPPORT MICRO IRRIGATION PROGRAMME. Development in Technology and service sectorMore foreign companies in IndiaHousing for all by 2020.Up gradation of 80,000 secondary schools.Agricultural development.Development of Agricultural sector and benefits for farmers.More job opportunities.Betterment of Rural area.Development of condition of farmers and in the agricultural sector.Growth in technological and manufacturing sector.Reducing poverty level of the country.More foreign investments in the country.

MANUFACTURINGDevelopment of Roads, rail lines and infrastructure.A project development company to facilitate setting up manufacturing hubs in CMLV countries.Foreign investments in Alternate Investment Funds to be allowed.Additional investment allowance @ 15% additional depreciation @35% to new manufacturing of Andhra Pradesh and Telangana. Rate of Income-tax on royalty and fees for technical services reduced from 25% to 10%Development of industrial sector through infrastructure developmentDevelopment of inter dependent industries.Development in technical services and technological inflow.Promotion in domestic manufacturing sector through SAD.

SAD reduced on import of certain inputs and raw materials.

INFRASTRUCTURE MAKE IN INDIAFDIMANUFACTURINGWELFARE SCHEMESTOURISMDevelopment of industries.Job Opportunities.Make in India.Expert advice from Foreign InvestorsDevelopment of Indian Rupee value.Royalty and income tax decreased.SAD reducedGST AND JAM, MUDRA, ATAL PENSION YOJANAPPF/EPF for Senior Citizen

Visa On Arrival Increased To 150 Countries.More foreign Income .