TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Radico Khaitan Pulls ‘Trikal’ Whisky from Market Amid Public Backlash from Hindus

    Radico Khaitan Pulls ‘Trikal’ Whisky from Market Amid Public Backlash from Hindus

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Savarkar

    Remembering How Congress Orchestrated the Mob Lynching of Veer Savarkar’s brother Dr Narayan Savarkar

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Radico Khaitan Pulls ‘Trikal’ Whisky from Market Amid Public Backlash from Hindus

    Radico Khaitan Pulls ‘Trikal’ Whisky from Market Amid Public Backlash from Hindus

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Savarkar

    Remembering How Congress Orchestrated the Mob Lynching of Veer Savarkar’s brother Dr Narayan Savarkar

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

#Budget2016: Well Rounded & Grounded – Quick Summary

Vivek by Vivek
29 February 2016
in Economy
#Budget2016
Share on FacebookShare on X

We will be doing a detailed piece on the #budget2016, its impact on various sectors, spending trends, and some information on key changes impacting individuals, etc. The following is a 2 page summary of key budget expenditure planned and certain important tax rebates.

Our take: The #budget2016 is well rounded and grounded to Fiscal Discipline. The need of hour is boosting investments, kick-starting rural economy, removing farmers’ plights, and rationalizing taxes. Some measures seem unnecessary, but still it’s a huge win-win. Importantly, from investors point of view, #budget2016 has touched on Bank recapitalization, ARC reforms, listing of insurance companies, newer derivative products, relooking RBI committees, among others. Further, NITI Ayog is coming into play to rationalize monetizing of assets from CPSE i.e. PSUs, which is a huge positive. The change in name of disinvestment board, will entail better mission statement and ensure no under-selling of government assets. A detailed piece shall follow.

RelatedPosts

BJP to Launch Nationwide Campaign to Celebrate 11 Years of Modi Govt, Highlight ‘Operation Sindoor’, Vision for ‘Viksit Bharat’

Government Likely to Move Impeachment Motion Against Justice Varma in Monsoon Session

PM Modi Receives Hero’s Welcome in Vadodara; Col. Sofiya Qureshi’s Family Joins Tribute Amid Patriotic Fervour

Load More

#Budget2016: Following are key Summary Items of Expenditures, Tax Measure by the Government

No.AllocationSub AmountAmount
1Agriculture and Farmers’ welfare 35,984
1.1‘Pradhan Mantri Krishi Sinchai Yojana’ to be implemented in mission mode. 28.5 lakh hectares will be brought under irrigation
1.289 irrigation projects under AIBP fast tracked
1.3Long Term Irrigation Fund under NABARD with an initial corpus20,000
1.4Program for ground water resources6000
1.55.0 L ponds & 10 L compost pits
1.62000 model retail outlets for fertilizer along with soil & seed testing
1.7Unified Agricultural Marketing ePlatform
1.8Interest rate subvention scheme15000
1.9Agricultural Insurance5500
1.10Diary projects850
2Rural Sector  
2.1Allocation for rural sector87,765
2.2Grant in aid to Gram Panchayat & Municipalities287,000
2.3MNGRES38,500
2.4Key developments planned
2.4.1District Level Committees under Chairmanship of senior most Lok Sabha MP from the district for monitoring and implementation of designated Central Sector and Centrally Sponsored Schemes
2.4.2Digital Literacy Mission Scheme for rural India to cover ~6 crore additional household within the next 3 years
2.4.3National Land Record Modernisation Programme has been revamped
3Infrastructure  
Total road sector investment (including PMGSY)97,000
Road allocation55,000
NHAI Bonds15,000
Total infrastructure outlay221,246
4Social Sector Outlay
Total allocation including education & healthcare151,581
New LPG connection for BPL population2000
Health Protection (100,000 per family and additional 30,000 for senior citizens)
3000 new medical stores under Pradhan Mantri Aushadhi Yojana
Skill development1800
5Other key allocation
5.1PSU bank recapitalization25,000
5.2Mudra Yojana Target for disbursement180,000
5.3Price stabilization fund for pulses900
Additional finnce mobilization for NHAI, PFC, REC, IREDA, NABARD and Inland Water Authority by raising bonds31,300
Total Plan Expenditure5,50,000
Total Non Plan Expenditure14,28,000
Total Expenditure19,78,000

 

#Budget2016: Key other measures requiring detailed reading of fine print:

  1. End of plan & non-plan categorization and all expenditures to have sunset clause and review
  2. Digitization of land records
  3. Automation & digitation of 300,000 fair price shops
  4. Comprehensive review and rationalization of Autonomous Bodies
  5. Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold up to 100% stake in the ARC and permit non institutional investors to invest in Securitization Receipts
  6. Statutory basis for a Monetary Policy framework and a Monetary Policy Committee through the Finance Bill 2016
  7. RBI to facilitate retail participation in Government securities
  8. Reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction Companies, Stock Exchanges
  9. Action plan for revival of unserved and underserved airports to be drawn up in partnership with State Governments
  10. Revitalize the PPP mechanism
  11. 100% FDI to be allowed for marketing of food products manufactured in India

Taxes

  1. Increase in presumptive tax limits to Rs. 2.0 cr
  2. Phasing out of key rebates:
    1. Accelerated depreciation reduced to 40%
    2. R&D spend limited to 150%
    3. SEZ benefits available only if unit started until 31 Mar 2020
  3. New mfg companies can have 25% tax rates with riders
  4. Lower tax for companies with turnover less than Rs. 5.0 cr., at 29% plus surcharge plus cess
  5. Complete pass through of income-tax to securitization trusts including trusts of ARCs. Securitization trusts required to deduct tax at source
  6. Additional tax at the rate of 10% of gross amount of dividend will be payable by the recipients receiving dividend in excess of Rs. 10 lakh per annum
  7. Sur-charge to be raised from 12% to 15% on persons, other than companies, firms and cooperative societies having income above Rs. 1 crore
  8. Krishi Kalyan Cess, @ 0.5% on all taxable services, w.e.f. 1 June 2016
  9. Infrastructure cess, of 1% on small petrol, LPG, CNG cars, 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles and SUVs. No credit of this cess will be available nor credit of any other tax or duty be utilized for paying this cess.
  10. ‘Clean Energy Cess’ levied on coal, lignite and peat renamed to ‘Clean Environment Cess’ and rate increased from `200 per tonne to `400 per tonne
  11. Excise duties on various tobacco products other than beedi raised by about 10 to 15%
  12. Multiple individual tax friendly measure announced such as e-assessment, lowering penalties on concealment, etc.
  13. 13 cesses, levied by various Ministries in which revenue collection is less than Rs. 50 crore in a year to be abolished
  14. Interest at the rate of 9% p.a against normal rate of 6% p.a for delay in giving effect to Appellate order beyond ninety days
  15. No change in individual tax rate
  16. Introducing Voluntary Disclosure of Income scheme with aggregate tax of ~45%
  17. One-time scheme of Dispute Resolution for ongoing cases under retrospective amendment
Tags: #Budget2016Arun JaitleyFinance MinistryJayant SInhaNarendra Moditax
ShareTweetSend
Previous Post

Vijay Mallya: Bad times ahead for the King of Good times

Next Post

Modi’s letter to Mohan Bhagwat, the letter he never sent

Related Posts

Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost
Finance

Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

25 May 2025

When people hear about term insurance, what they usually picture is a payout, money that’s meant to support their...

Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047
Economy

Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

24 May 2025

Prime Minister Narendra Modi will chair a high-level meeting of the NITI Aayog Governing Council this Saturday at Bharat...

International Monetary Fund (IMF).
Economy

IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

23 May 2025

The International Monetary Fund (IMF) has defended its recent $1 billion (over Rs 8,000 crore) disbursement to Pakistan, affirming...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited