Nine priorities for this year as per Nirmala Sitharaman,are:
Productivity and Resilience in Agriculture Employment and skilling Inclusive HRD and social Justice Mfg & services Urban development Energy security Infrastructure Innovation, R&D Next generation reforms
Prime Minister’s Package for employment and skilling: 3 schemes announced for ‘Employment Linked Incentive’ Scheme A: First Timers Scheme B: Job Creation in Manufacturing Scheme C: Support to employers
This year, FM allocated ₹11,11,111 crore for capex, which is 3.4% of GDP. We will encourage States to provide similar scale support for infrastructure development based on their prioritie
Short term gains of financial assets to attract 20% tax rate Long term gains on all financial an non-financial assets to attract a tax rate of 12.5% Increase in limit of exemption of capital gains on financial assets to ₹1.25 lakh per year
Standard Deduction for salaried employees increased from ₹50,000 to ₹75,000 Deduction on family pension for pensioners increased from ₹15,000 to ₹25,000 . 0-3 laks- Nil 3 lakh- 7 lakh- 5% 7-10 lakh- 10% 10-12 lakh- 15% 12- 15 lakh - 20% above ₹15 lakh-30%
Free electricity upto 300 units per month for 1 crore households under solar panel scheme Finance minister Nirmala Sitharaman announced scheme for rooftop solar panels that would enable 1 crore households to have electricity free of cost upto 300 units per month
Priorities for Viksit Bharat Innovation, Research & Development: Develop Vishnupad and Mahabodhi Temple Corridors, modeled on the Kashi Vishwanath Temple Corridor. Undertake comprehensive development of Rajgir, significant for Hindus, Buddhists, and Jains. Develop Nalanda as a tourist center and revive Nalanda University.