ANALYSIS OF UNION BUDGET

2015

PRESENTED BY
NITIN SADNAND
KRITIKA RAJ

BUDGET
Derived from French word Bougette which means a small bag.

B
U
D
G
E
T

It contains the financial proposals, performance evaluation and future policies.

presented each year on the last working day of February.

It provides the estimates of governments expenditure for the Fiscal Year.

BUDGET 2015
Focussed mainly upon the common man.

B
U
D
G
E
T
2015

Aimed at accelerating the economic growth to 8.5%

To strengthen rural economy Tax exemptions and Increase in service tax to

14%
Manufacturing hub of the World - Skill India and the Make in India Programs.

GST and JAM trinity to improve quality of life.

ECONOMIC IMPACTS

x
Ta

l
a
s
o
p
o
Pr

Infrastructure

Investment
Skill
India
Financial
Market

Anti
inflation
Tourism

Monetizing Gold

Welfare Schemes

TAX PROPOSAL
TAX PROPOSAL
COMMON MAN

COORPORATE
ECONOMY

Make India competitive with

Asian countries
Increase in FDI
Corporate tax from 35% to 25%
Reduction in excise duties.

Encourage setting up of business

Growth of industries
Increasing job opportunities

Senior citizen limit increased to

30,000
Abolition of wealth tax
Additional surcharge of 2%
Service tax increased to 14%
Deduction in pension scheme
Transport allowance increased.

Needless to say it will impact the middle class as essential services will become costlier. Not good
for the middle class people, since exemption limits remain same no increase in disposable income
but expenses on movies, hotels, travel, legal, banking , restaurants etc all will increase.

INFRASTRUCTURE
TAX FREE
INFRASTRUCTU
RE BONDS

INCREASE IN
OUTLAYS OF
ROADS, RAILWAYS
AND IRRIGATION
PROJECTS

CORPORATIZATI
ON OF PUBLIC
SECTOR
COMPANIES

ATTRACT HUGE
INVESTMENTS AND
TAKE LEVERAGE OF
LAND RESOURCES

POWER
PROJECTS

TO MEET THE
POWER
REQUIREMENT IN
RURAL AREAS

Development in
infrastructure - job
opportunities in
departments
Development of industries
due to investments in
infrastructure
Development of the
country.
More job opportunities

Development of rural
economy

Make
In
India

FINANCIAL MARKET
Manufacturing hub of the World

Easing of monetary policy with

decline in inflation to 6%.
PPF/EPF for Senior Citizens Fund.

Gold to earn interest in their metal

accounts
Forward Markets commission to be
merged with SEBI.

Decline of
inflation rate to
5% by year end.
GDP growth to
8.5%.
Strengthening of
rural economy.
More benefits
for Senior
citizen.
More control
over the
markets of
India.

TOURISM
VISA ON ARRIVAL TO BE
INCREASED TO 150
COUNTRIES

DEVELOPMENT OF
TOURISTS PLACES OF
GOA, RAJASTHAN, AND
HYDERABAD

Foreign investments increases.

Development of tourism
department.
Investments increases.
Increase in Foreign exchange

WELFARE SCHEMES
GST AND JAM

Improve quality of
life, support for poor
households and
removing poverty.

ATAL PENSION YOJANA

BENEFITS FOR
SENIOR CITIZEN
PPF/EPF FOR SENIOR
CITIZENS FUND.
MUDRA BANK
INVESTMENTS, DBT WILL
BE FURTHER BE EXPANDED
FROM 1 CRORE TO 10.3

Development of
SC/ST segment of
the country.
Save Rs. 25,000

DEVELOPMENT
OF COMMON
MAN

INVESTMENTS
FOREIGN INVESTMENTS
IN ALTERNATE
INVESTMENT FUNDS TO
BE ALLOWED.
RS. 25,000 FOR RURAL
INFRASTRUCTURE
DEVELOPMENT BANK IN
NABARD.
RS. 5,300 CRORE TO
SUPPORT MICRO
IRRIGATION
PROGRAMME.

Development in
Technology and service
sector
More foreign
companies in India
Housing for all by
2020.
Up gradation of 80,000
secondary schools.
Agricultural
development.
Development of
Agricultural sector and
benefits for farmers.

More job opportunities.

Betterment of Rural
area.
Development of
condition of farmers
and in the agricultural
sector.
Growth in
technological and
manufacturing sector.
Reducing poverty level
of the country.
More foreign
investments in the
country.

MANUFACTURING
Rate of Income-tax on royalty and fees for technical
services reduced from 25% to 10%
Additional investment allowance @ 15% additional
depreciation @35% to new manufacturing of Andhra
Pradesh and Telangana.
Development of Roads, rail lines and infrastructure.
Foreign investments in Alternate Investment Funds to
be allowed.
A project development company to facilitate setting
up manufacturing hubs in CMLV countries.
SAD reduced on import of certain inputs and raw
materials.

Development of
industrial sector
through infrastructure
development
Development of inter
dependent industries.
Development in
technical services and
technological inflow.
Promotion in domestic
manufacturing sector
through SAD.

MAKE IN INDIA
INFRASTRUCTUR
E
Expert advice from
Foreign Investors
Development of Indian
Rupee value.

FDI

MANUFACTURIN
G
GST AND JAM, MUDRA,
ATAL PENSION YOJANA
PPF/EPF for Senior
Citizen

Development of
industries.
Job Opportunities.
Make in India.

Royalty and income

tax decreased.
SAD reduced

WELFARE
SCHEMES

TOURISM

Visa On Arrival
Increased To 150
Countries.
More foreign Income .