|

Current Affairs February 2015Highlights of Union Budget 2015-16

February 28, 2015 No comments

Union Finance Minister Arun Jaitley presented Union Budget 2015-16 in the Parliament.It was the first full year Budget of the NDA government under leadership of PrimeMinister of Narendra Modi and the second budget of Arun Jaitley as Finance Minister.

Highlights of Union Budget 2015-16Taxation

No change in the Tax slab on personal income.Wealth tax abolished.

Additional 2% surcharge for the super-rich with income more than Rs. 1 crore.For next 4 years, corporate tax has been reduced to 25 percent from present 30percent.Service tax increased to14 per cent.Apart from CSR, 100% tax exemption for contribution to Swachch Bharat Abhiyan.

New projects 5 more AIIMSs in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Biharand Assam.IIT in Karnataka. While, the Indian School of Mines in Dhanbad, Jharkhand will beconverted into IIT.2 more IIMs in Jammu and Kashmir and Andhra Pradesh.

Post-Graduation institutes of Horticulture in Amritsar, Punjab.University of Disability Studies will be established in Kerala.In Arunachal Pradesh, Centre of film production, animation and gaming will come up.

For Infrastructure sector Rs. 70,000 crores allocated.Projects in rail road and irrigation bonds will be tax free.Infrastructure development through PPP model will be revitalised and government willbear majority of the risk.Atal Innovation Mission will be established to draw on expertise of researchers andentrepreneurs to foster scientific innovations. For this mission Rs. 150 croreallocated.

5 ultra-mega power projects each of 4000MW proposed by Government

Defence

October 2015

September 2015 |    

August 2015 |    

July 2015 |    

June 2015 |    

May 2015 |     |

April 2015 |    

March 2015 |    

February 2015 |    

January 2015 |    

Current Affairs 2014

Current Affairs 2013

Current Affairs 2012

Current Affairs 2011

E-Book Compilations

National Current Affairs

State Current Affairs

International Affairs

Business & Economy

Banking Current Affairs

Science & Techonlogy

Environment Current Affairs |

Bills and Acts

Defence Current Affairs

CURRENT AFFAIRS

CURRENT AFFAIRS CATEGORY

Home Banking Awareness E­Books Downloads GS Manual Online Courses

HOME CURRENT AFFAIRS CURRENT AFFAIRS QUIZ GENERAL KNOWLEDGE QUIZ

TARGET 2016 →

|

2,46,726 crore allocated for Defence. It is 9.87 per cent greater than last year.Make in India campaign will take into consideration for speedy manufacturing ofDefence equipment.

Welfare Schemes and new programmesUnder the Swachh Bharat Abhiyan, six crore toilets across the country will be built.By 2020, housing for all.MGNREGA will get MGNREGA of Rs. 5,000 crore. It is highest allocation to thisscheme.To improve quality of life of common man, GST and JAM trinity (Jan Dhan Yojana,Aadhaar and Mobile) will be launched.

To encourage first generation SC/ST entrepreneurs, MUDRA bank will provide finance.Direct Benefit Transfer (DBT) will be further be expanded to 10.3 crore from 1 crore.Government will contribute 50% of the premium limited to Rs. 1,000 a year for the AtalPension Yojana.

9,000 crore unclaimed funds in PPF/EPF will be used for Senior Citizens Fund.For all Indian, government will create universal social security system.For electric cars production Rs. 75 crore allocated.

Renewable energy target for 2022: 60K MW in wind; 10K MW in biomass, 100K MW insolar and 5K MW in small hydro plants.Under the new tourism scheme, development of churches and convents in old Goa;Hampi, Elephanta caves, , Jallianwala Bagh, Forests of Rajasthan, Leh palace,Varanasi Qutb Shahi tombs at Hyderabad.Visa on Arrival (VoA) facility to be increased for 150 countries from present 43countries.As an alternative to purchasing gold, Sovereign Gold Bond will be launched.

In order to facilitate depositors of gold to earn interest and jewellers to obtain loans ontheir metal accounts new scheme will be launched.Forward Markets Commission (FMC) will be merged with the Securities and ExchangeBoard of India (SEBI).Under SARFAESI Act 2002, NBFCs registered with the RBI having asset size of Rs 500crore and above to be considered as financial institution for mid-corporate businessesand fund SME.

For Rural Infrastructure Development Bank, Rs. 25,000 crore allocated.To support Micro Irrigation Programme, Rs. 5,300 crore allocated.

Tags: Budget • Economy • Socio-Ec Onomic • Union Budget 2015-16

First Assamese dictionary for Science and Technology terms releasedFebruary 28, 2015 1 Comment

First Assamese dictionary for Science and Technology termswas released recently. It was released by Dr Alok KumarBuragohain, Vice Chancellor of Dibrugarh University.Key factsThis dictionary is prepared by Asomiya Jatiya Abhidhan (AJA)and consists of over 40,000 words compiled in total 160-pages.

First of kind Science and Technology dictionary in Assamese language is consideredas a milestone in development of this language.It also seeks to make scientific terminology simple and easily understandable by the

Persons in News

Places in News

Awards & Honours

Sports Current Affairs

Art & Culture in Current Affairs

|

Advertisement1 2 3 4 5 ... 10 20 30 ... 66

people and particularly by students.This scientific terminology dictionary covers almost all streams of science, includingPhysics, Chemistry, Botany, Geography, Computer Science, Zoology, Mathematics,Geology, Statistics and Astronomy among others.

Tags: Assam • Languages • Science & Technology

IRCTC partners with Amazon.in for online shoppingFebruary 28, 2015 No comments

Indian Railway Catering and Tourism Corporation (IRCTC) has partnered with e-commerce giant Amazon.in to provide convenient online shopping experience and sellvarious products.With this tie-up, IRCTC is going to offer its customers (especially Indian railwayspassengers) with seamless online shopping opportunities in addition to booking traveltickets and hotel accommodations.In this regard IRCTC is going to provide Amazon.In a link on the IRCTC website(www.irctc.co.in).Thus IRCTC customers and Indian railways passengers who access the IRCTC portalnow can buy wide range of products from Amazon’s wide distribution network.The products will be consumer electronics, apparel, bags to toys, exotic food products,books, shoes. It will also include pet supplies, musical instruments, personal hygieneproducts and many more products.Tags: E-Commerce • Indian Railways

Enter Your Email

Zimbabwean President Robert Mugabe awarded2015 Confucius Peace Prize by China

RBI allows banks to fix interest rates on golddeposit scheme

India-China Joint Exercise Hand-in-Hand 2015concludes in Kunming

Union Government clears first batch of flagshipurban projects under AMRUT

PM Narendra Modi lays foundation stone for mobilemanufacturing facility in Tirupati

Government divides Maharashtra and Gujarat NavalAreas into two Separate Headquarters

FOLLOW GKTODAY

Subscribe

RECENT CURRENT AFFAIRS

© Copyright 2009-2015 GKToday | All Rights Reserved | About Us | Terms & Condition, Disclaimer | Contact Us || 'यतोधम㘳㘠dzततो जयः' ||

Privacy & Shipping Policy | Cancellation & Refund Policy | Jobs@GKToday

Alok Rawat becomes first male member of NationalCommission for Women

PM Narendra Modi lays foundation stone forAndhra Pradesh’s new capital city

Britain signs landmark nuclear deal with China

Government inaugurate Indian Police Foundationand Indian Police Institute in New Delhi

GK & Current Affairs: October 4, 2015

GK & Current Affairs: October 3, 2015

GK & Current Affairs: October 2, 2015

GK & Current Affairs: September 29, 30, 2015

GK & Current Affairs: September 27, 28, 2015

Online Courses

E-Book Store

RECENT CURRENT AFFAIRS QUIZZES

OTHER SECTIONS