Page 18 - MASTER IN BUDGET
P. 18
JOB CREATION
# GoI will pay contribution of 8.33% for of all new employees enrolling in EPFO for
the irst three years of their employment. Budget provision of `1000 crore for this
scheme.
# Deduction under Section 80JJAA of the Income Tax Act will be available to all
assesses who are subject to statutory audit under the Act
# 100 Model Career Centres to operational by the end of 2016-17 under National
Career Service.
# Model Shops and Establishments Bill to be circulated to States.
INFRASTRUCTURE AND INVESTMENT
# Total investment in the road sector, including PMGSY allocation, would be `97,000
crore during 2016-17.
# India’s highest ever kilometres of new highways were awarded in 2015. To approve
nearly 10,000 kms of National Highways in 2016-17.
# Allocation of `55,000 crore in the Budget for Roads. Additional `15,000 crore to be
raised by NHAI through bonds.
# Total outlay for infrastructure - `2,21,246crore.
# Amendments to be made in Motor Vehicles Act to open up the road transport sector
in the passenger segment
# Action plan for revival of unserved and underserved airports to be drawn up in
partnership with State Governments.
# To provide calibrated marketing freedom in order to incentivise gas production from
deep-water, ultra deep-water and high pressure-high temperature areas
# Comprehensive plan, spanning next 15 to 20 years, to augment the investment in
nuclear power generation to be drawn up.
# Steps to re-vitalise PPPs:
Public Utility (Resolution of Disputes) Bill will be introduced during 2016-17
Guidelines for renegotiation of PPP Concession Agreements will be issued
New credit rating system for infrastructure projects to be introduced
# Reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction
Companies, Stock Exchanges.
# 100% FDI to be allowed through FIPB route in marketing of food products produced
and manufactured in India.
# A new policy for management of Government investment in Public Sector
Enterprises, including disinvestment and strategic sale, approved.
FINANCIAL SECTOR REFORMS
# A comprehensive Code on Resolution of Financial Firms to be introduced.
# Statutory basis for a Monetary Policy framework and a Monetary Policy Committee
through the Finance Bill 2016.
@Mahendra’s 18 MASTER IN BUDGET 2016-17
# GoI will pay contribution of 8.33% for of all new employees enrolling in EPFO for
the irst three years of their employment. Budget provision of `1000 crore for this
scheme.
# Deduction under Section 80JJAA of the Income Tax Act will be available to all
assesses who are subject to statutory audit under the Act
# 100 Model Career Centres to operational by the end of 2016-17 under National
Career Service.
# Model Shops and Establishments Bill to be circulated to States.
INFRASTRUCTURE AND INVESTMENT
# Total investment in the road sector, including PMGSY allocation, would be `97,000
crore during 2016-17.
# India’s highest ever kilometres of new highways were awarded in 2015. To approve
nearly 10,000 kms of National Highways in 2016-17.
# Allocation of `55,000 crore in the Budget for Roads. Additional `15,000 crore to be
raised by NHAI through bonds.
# Total outlay for infrastructure - `2,21,246crore.
# Amendments to be made in Motor Vehicles Act to open up the road transport sector
in the passenger segment
# Action plan for revival of unserved and underserved airports to be drawn up in
partnership with State Governments.
# To provide calibrated marketing freedom in order to incentivise gas production from
deep-water, ultra deep-water and high pressure-high temperature areas
# Comprehensive plan, spanning next 15 to 20 years, to augment the investment in
nuclear power generation to be drawn up.
# Steps to re-vitalise PPPs:
Public Utility (Resolution of Disputes) Bill will be introduced during 2016-17
Guidelines for renegotiation of PPP Concession Agreements will be issued
New credit rating system for infrastructure projects to be introduced
# Reforms in FDI policy in the areas of Insurance and Pension, Asset Reconstruction
Companies, Stock Exchanges.
# 100% FDI to be allowed through FIPB route in marketing of food products produced
and manufactured in India.
# A new policy for management of Government investment in Public Sector
Enterprises, including disinvestment and strategic sale, approved.
FINANCIAL SECTOR REFORMS
# A comprehensive Code on Resolution of Financial Firms to be introduced.
# Statutory basis for a Monetary Policy framework and a Monetary Policy Committee
through the Finance Bill 2016.
@Mahendra’s 18 MASTER IN BUDGET 2016-17
