Tropical Deciduous Forest |  Sectors of Indian Economy |  How Legislative Council is Formed |  Insectivorous Plants |  Causes of Revolt of 1857 in Points |  Ordinance Making Power of President and Governors |  Mangroves Cover in India |  Coral Reefs in India |  Seasons and Climate in India |  Constitutional and Statutory Bodies in India |  Rock Edicts of Ashoka |  Types of Motions in Parliamentary Procedure |  Types of Majorities in Parliament |  Pressure Groups in World and India |  Order of Precedence |  Types of Rocks |  Treaties in Indian History |  Types of Rocks |  Features of Indian Economy |  Geographical Indications |  Ancient History Terminology and Meanings |  Schedules of the Constitution |  Nuclear Power Plants in India List  |  Types of Clouds for SSC CGL | Nuclear Power Plants in India ListTypes of Ocean CurrentsStructure: Layers of EarthAPPSC Group 1 Answer KeySSC JE 2017 QUESTION PAPEROne Word Substitution for SSC and Bank ExamsMPSC Answer Key 2017 2017Layers of AtmosphereMPSC Answer Key 2017 2017BPSC Solved Question Paper 2017MPPSC Solved Question Paper 2017GST Bill IndiaDelhi SultanateLaw Commission of IndiaOscar Awards Winner 2017 ListDiseases in CropsCommon Drugs and UsesDifferent Types of Deserts in WorldUPSC Civil Services Exam-2016 Answer KeyUPSC CAPF Exam-2016 Answer Key | UPPSC UPPER Subordinate Exam-2016 Answer Key | Regulatory BodiesNational Parks in India | International Airports in India  | United Nation International Years National Highways | National Birds of Countries | Sessions of Congress  | Facts About Kerala

Union Budget 2015: Key highlights


l  No change in personal Income Tax
l  Replaces wealth tax with additional 2% surcharge on super rich
l  Removal of special additional duty on IT products
l  Total exemption of up to Rs. 4,44,200 can be achieved.
l  100% exemption for contribution to Swachch Bharat, apart from CSR.
l  Corporate tax of 30% is uncompetitive
l  Proposes to increase service tax rate and education cess to 14% from 12.36%
l  Fiscal deficit seen at 3.9 percent of GDP in 2015/16
l  GDP growth seen at between 8 percent and 8.5 percent y/y
l  AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam
l  IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.
l  Kerala to have University of Disability Studies
l  PG institute of Horticulture in Amritsar.
l  Centre of film production, animation and gaming to come up in Arunachal Pradesh.
l  IIM for Jammu and Kashmir and Andhra Pradesh
l  Visa on Arrival for 150 countries.

Related Posts