

The News Minute| July 10, 2014| 01:30 pm ISTTAXES:No change in tax rate Tax exemption limit for personal tax increased from 2 lakh to 2.5 lakhTax exemption limit for senior citizens increased from 2.5 lakh to 3 lakhTax exemption limit under 80C raised to 1.5 lakhInterest on housing loan exemption hiked from 1.5 lakh to 2 lakhAGRICULTURE:Rs. 100 crore for Kisan Television to provide real time information on various farming and agriculture issues3% incentive to farmers when they repay loans on timeRs.5000 crore for increase in warehousing capacity in agricultureRs. 500 crore funds will be set up for price stabilizationIrrigation scheme under Krishi Seechai YojnaHEALTH:Rs 3600 crore for National Rural Drinking Water ProgrammeTotal sanitation by 2019 under Swachha Bharat AbhiyanComprehensive strategy to tackle malnutrition15 model rural health research centers to be set up for rural health issuesWOMEN: 50 crore allotted to the Ministry of Road Transport and Highways for safety of women150 crore allotted to the Ministry of Home Affairs for safety in larger citiesCrisis management centres in NCR with funding from the Nirbhaya FundPRIMARY EDUCATION:Rs 100 crore for modernization of madrasasRs 100 crore for Beti Bachao Beti Padhao Programme28,000 crore under the Sarva Shiksha Abhiyan for toilets and drinking water on a priority basis for girls’ schools4,966 crore for the Rashtriya Madhyamik Shiksha AbhiyanSchool curriculum to have new chapter on gender sensitizationHIGHER EDUCATION:Four new AIIMS (All India Institute of Medical Sciences) in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Purvanchal in Uttar Pradesh12 more government medical colleges with dental facilitiesFive new IITs (Indian Institute of Technology) in Jammu & Kashmir, Chhattisgarh, Goa, Andhra Pradesh, KeralaFive IIMs (Indian Institute of Management)Horticulture universities in Telangana and HaryanaAgricultural universities in Rajasthan and Andhra PradeshLNJP National Centre for Humanities in Madhya PradeshFTII Pune and SRFTI Kolkata will be accorded the status of institutes of national importanceSPORT: Rs.100 crore for training sportspersons for Commonwealth Games and Asian Games Rs. 100 crore for Sports University in ManipurSports facilities in Jammu & Kashmir to be enhancedSC/ST (Scheduled Caste/ Scheduled Tribes):Rs. 50,548 crore for SC developmentRs. 30,380 crore for ST developmentRs. 200 crore under IFCI Scheme for SCsRs. 100 crore under Van Bandhu Kalyan for STsVULNERABLE GROUPS:50 new printing presses to be created to assist the blindCurrency notes with Braille dots proposed1000 crore for pensions set aside under Employees’ Pension SchemeINDUSTRY:Rs. 10,000 crore for start-up companiesRs. 100 crore for National Industrial CorridorSeven new industrial smart citiesBangalore - Mumbai infrastructure corridor to be completed on timeRs. 10,000 crore venture capital fund to be set up to attract new entrepreneursURBAN PLANNING AND INFRASTRUCTURE:Rs. 100 crore for metro projects for Ahmedabad and LucknowRs. 7,060 crore to develop 100 smart cities Proposal to set up metro rail projects and similar means of public transport in cities with population over two millionRs. 4,000 crore to be allocated to the National Housing Bank to provide cheap credit for the urban poor to build housesSlum development to be made part of Corporate Social ResponsibilityEMPLOYMENT: Shyama Prasad Mukherjee Rozgaar Mission to be launchedSkill India to be launched to promote entrepreneurship and employability among the youth, it will also focus on imparting skills such as welding, weaving, carpentry etc. RURAL DEVELOPMENT:Rs. 14,389 crore under Pradhan Mantri Gram Sadak Yojna for rural roadsRs 8000 crore for rural housing programmeRs.500 crore for Deen Dayal Upadhyay Rural Electrification ProgrammeDEFENCE:Rs. 2.29 lakh crore allotted to defence Rs. 5,000 crore set aside for defence outlay over and above amount provided under interim budgetRs. 1,000 crore for one rank-one personFDI in defence sector set at 49%GANGA:Namami Ganga is an integrated Clean Ganga Plan for which Rs 2,037 crore has been set asideNRI fund proposed for conservation of Ganga 1,620-km Ganga inland waterway development from Haridwar to Haldia to be completed in 6 years at a cost of Rs 4,200 croreOTHERS: Real Estate Investment Trusts (REITs) & Infrastructure Investment TrustsFinance Ministry to sell shares in PSU banks to retail investorsE-visas will be introduced in a phased manner at nine airportsRs. 200 crore to Gujarat government for its Statue of Unity projectRs. 100 crore will be spent on virtual class rooms for online educationFDI in Insurance to be increased to 49%