Académique Documents
Professionnel Documents
Culture Documents
prepared
1. Agriculture and farmers welfare.
2. Rural sector with focus on employment.
3. Social sector with healthcare.
4. Educational skills and job creation.
5. Infrastructure and investment.
6. Financial sector reforms.
7. Governance and ease of doing business.
8. Fiscal discipline.
9. Tax reforms to reduce tax burden.
15%.
A Krishi Kalyan Cess at 0.5% on all taxable services.
Here the advice for the FM would be that it would have been easier to just raise
a cess Krishi or Swachh Bharat is not very important if the government can
demonstrate those were the real end uses.
The organized retail has grown significantly over the last few years and has
been one of the bright spots in the economy.
These duties and cess somehow will not generate much revenue but will come
under limelight for the opposition parties.
On one hand the government wants to promote Digital India and on the other
hand the cost of almost all retail digital equipment goes up.
This kind of negative perception the FM could have avoided to retain the trust
with the middle class.
Subsequent
year
10% on
entire sum
DDT at
the rate of
15% of
the net
dividend
Paid by
the
company
DDT rate
unchange
d
computati
on
mechanis
m
changed
effective
rate of
DDT to
20.36%
Sharehold
ers
receiving
dividend
sum
exceeding
INR 10
lakh
General
education
2015-16 RE
2016-17 BE
3.8% of union
budget
3.7% of union
budget
Education being the pillar of the nation, need prior attention which is
due on NDA govts part.
Around 4.3 crore children of 6-14 age group are still out of school,
constituting 18% of this age group (Census 2011).
Health sector
Allocation in
MoHFW
2015-16 RE
2016-17 BE
0.25% of GDP
0.25% OF GDP
33831.6 cr of
GDP
38206.3 cr of
GDP
The insurance scheme for the poor families and National Dialysis Programme in Public Private
Partnership (PPP) mode and the overall thrust of the Draft National Health Policy 2015, it is
observed that there is an increasing dependence on private sector provisioning of healthcare.
It raises a question of private dominance in healthcare in the country- are we ready for it?
Reducing the tax rate to 29%(surcharge+cess) from 30% for domestic companies
having turnover or gross receipts not exceeding 5 crore in the FY 2014-15.
This category of company is small and limited class.
There is no major tax relief for the corporates.
No tax slab change, exemptions for the personal income tax.
Agriculture sector
AGRICULTURE
2015-16
RE
2016-17
BE
Despite of increased allocation for the agriculture sector, the condition of the sector
remains the same.
A strategy should examine public not only in agriculture but in irrigation also.
No such major announcement except PMFBY and dedicated long term irrigation fund.
Sticking to the fiscal consolidation path is right for the time since the govt. is in
fiscal deficit and spending may hurt the debt dynamics more.
Also, there is a need to pay attention to weaker sections of society and rural
India to create new demand and market, which is impossible without allocating
huge amounts.
Also, govt. sticking to consolidation path may result in lower demand because
of raised taxations and this might result in a negative impact on growth.
References.
http://indianexpress.com/article/business/budget/live-budget-2016-income-tax-high
lights-expectations-arun-jaitley-service-tax-gst-bill-union-budget-news-2922016
/
http://indiabudget.nic.in/ub2016-17/bag/bag11.pdf
http://www.opindia.com/2016/02/the-only-summary-of-union-budget-2016-17-youneed-to-read
/
http://unionbudget2016.cbgaindia.org/
Work Cited.
http://www.opindia.com/2016/02/the-only-summary-of-union-budget-2016-17-youneed-to-read/
http://unionbudget2016.cbgaindia.org/