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Budget Highlights - 7

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IANS

* Ports in public sector to be encouraged to utilise land under their control

* Make India investment-destination by streamlining permission procedures

* Five ultra-mega power projects each of 4,000 MW to be set up

* MGNREGA allocation to be enhanced by Rs.5,000 crore, if additional funds available

* Integrated education and livelihood scheme to be launched

* "The Everlasting Flame" exhibition on Parsis to be launched

* National investment and infrastructure fund to be launched with corpus of Rs.20,000 crore to generate more funds

* Innovation initiative to be launched in NITI Aayog in the name of former prime minister Atal Bihari Vajpayee

 

* Government committed to increasing access of people to the banking system

* Universal social security system for all Indians, especially poor and disadvantaged sections

* Atal Pension Yojna for economically disadvantaged

* PPF and EPF corpus to be utilised for senior citizens' welfare fund

* Physical aids and assisting devices for physically challenged senior citizens

* Main challenges: increasing agricultural production; increasing investment in infrastructure; with manufacturing declining, Make in India will create jobs; cooperative federalism

* Agriculture credit targetted at Rs.8.5 lakh crore

* Rural jobs scheme to get Rs.34,699 crore; Every poor to get a job

* To work with NITI Aayog for creating a National Agricultural Market

* Need well-targeted system for subsidies.

* Direct transfer of subsidy to LPG consumers

* Appeal to well-off consumers to surrender subsidised LPG connections

* Organic farm schemes of agriculture ministry to be supported

* 'Per drop More crop' scheme for better irrigation

* Three achievements - Jan Dhan Yojna, coal auctions, Swachh Bharat

* Two more gamechanging reforms: Goods and Services Tax, JAM trinity (Jan Dhan Yojna, Aadhar, Mobile number) to ensure transparency

* Our achievement to conquer inflation, CPI inflation at five percent by year-end

* GDP growth at 7.4 percent in 2014-15 and at 8-8.5 percent in 2015-16; double-digit growth feasible

* We are in an economic environment far more positive than in the recent past

* Undertaken several significant steps to energise the Indian economy in last nine months

* India's chance to fly

* Budget proposals lay down roadmap for economic growth.

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First Published: Feb 28 2015 | 11:46 AM IST

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