Indian Union Budget for 2015-2016.
 |
| Train to Train Doctrine |
Rail Budget For Five Years
8,56,020cr
Union Budget 2015-206
17,77,477. cr
non plan expend = 13,12,200 crore.
plan expend = 4,65,277 crore.
The Main Exposes of 2015-2016 Union Budget is :
cental assistant to state plans (Lowest from Decade) = 204,784.01cr
Total central plan = 578,381.67cr
Resources from public
enterprices = 317,888.64cr
Budget support to
central plan = 260,493.03cr
cental assistant
to state plans (lowest) = 204,784.01cr
plan expenditure = 465,277.04cr
States Need to Fund from now for:
- Modernization of police
- The backward region grant fund.
- Rajiv Gandhi Panchayat Sa-shaktikaran Yojana.
Expenditure minus the central support to state plans,
in 2015-16 is expected to be raised by = Rs 70,727cr.
14th Finance Commission recommendations: Fund Transfer
Transfer that will be made directly to state treasuries.
reorganization of centrally sponsored schemes, whose number is now 31.
States ministries and departments should be active for Sharing patterns with Center.
Finally 2015-2016 Indian budget quoted:
Business friendly budget.
Greater attraction for invest in Indian Economy.
The new way of Calculating GDP is rather confusion for economists.
Big Question : Does Macroeconomic policy results for :
in 2015-16 is expected to be raised by = Rs 70,727cr.
14th Finance Commission recommendations: Fund Transfer
Transfer that will be made directly to state treasuries.
reorganization of centrally sponsored schemes, whose number is now 31.
States ministries and departments should be active for Sharing patterns with Center.
Finally 2015-2016 Indian budget quoted:
Business friendly budget.
Greater attraction for invest in Indian Economy.
The new way of Calculating GDP is rather confusion for economists.
Big Question : Does Macroeconomic policy results for :
- poverty elimination
- job creation
- durable double digit economic growth.
- Five "ultra mega" power projects of 4,000 megawatts (MW) will be built to ease the energy crisis
- Spending on infrastructure will be raised by $11.3bn to boost growth.
- Creating a "universal social security" that would give poor Indians access to subsidised insurance and pensions
- Implementation of a uniform countrywide goods and services tax (GST) by April 2016
- Welfare money to be paid directly into people's bank accounts to eliminate corruption and wastage
- Wealth tax to be abolished and replaced by a surcharge on the super rich
- Corporate tax to be cut by 25% over next four years.
- government would achieve its goal of cutting the fiscal deficit to 4.1% of gross domestic product (GDP) for 2014-15 from 4.5% the year before.
Offering safety net for the large population of Indi(ans) would be big answer for present crisis.
Modi Budget growth Plan strongly depends on:
1. Make In India : manufacturing power of Nation.
2. Service Sector : Developing service sector to boost GDP.
3. Disinvestment: Monitoring PSUS which were running in LOss.
4. Recapitalisation of Public Sector Banks (PSBs): presently in Need of capital Money govt: should strengthen PSBS.
5. Other Banking Reforms: Economic activity,Loans ie steps.
6. Goods and Services Tax (GST): Indirect service tax introduced.
7. Personal Tax Reforms: Personal tax rates are expected to be lowered.
8. Infrastructure: Government is expected to invest in infrastructure and road development projects.
9. Power and Energy: Government provide exemptions to improve power generation. Energy like wind, hydro, solar should generate more.
10. Subsidies: Govt. trim other subsidy expenditures (fertilizer, LPG etc.).
best wishes to Modi government.
A.P. will get 15000 cr funds as per recommendations 14 th Finance Ministry.
