Budget

Union Budget: Focus on agriculture and famers' welfare

Social sectorBudget 2016-17 presented in Parliament: major focus on agriculture and farmers’ welfare 28.5 lakh hectares to be brought under irrigation
Rs. 2.87 lakh crore Grant in Aid to Gram Panchayats and Municipalities
100% village electrification by 1st May 2018
A massive mission announced to provide LPG connection to poor households
New Health Protection Scheme to provide Health cover up to Rs. 1 lakh per family
1500 Multi Skill Training Institutes to be set up
Emphasis on Infrastructure Development
Total expenditure projected at Rs. 19.78 lakh crore

Tax Reliefs for small tax payers and others

Union Finance Minister Arun Jaitley announced certain tax reliefs for small tax payers in his Budget for 2016-17 presented to the Lok Sabha here today,

The Minister said that the taxation is a major tool available to Government for removing poverty and inequality and this has to be cautiously exercised. But, he would like to give relief to small tax payers The ceiling of tax rebate under Section 87A of IT Act would be raised to Rs. 5,000 from Rs. 2,000 for individuals with income less than Rs. 5 lakhs.

Health cover of up to Rs. 1 lakh for poor families

A New Health Protection Scheme to provide health cover up to Rs.1 lakh per family announced

National Dialysis Services Programme to be launched

3000 Stores to be opened under Prime Minister’s Jan Aushadhi Yojana during 2016-17

Kerala Assembly sets a record of sorts

Kerala Assembly buildingThe outgoing Kerala Assembly has failed to take up discussions not only on the Budget for the coming year but also on many important legislation.

In fact, these are a record of sorts for the 13th Assembly.

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