AT CURRENT PRICES THE ADVANCE GDP ESTIMATE OF 2014 - 15 IS ₹ Rs. 126,53,762 LAKHS CR AND AT 2011-12 PRICES ITS AT Rs. 106,56,925 LAKHS CR.
FY15 TOTAL SUBSIDES AT Rs. 2,43,811 CR.
THE CENTER'S EXPENDITURE 2014-15 IS PROJECTED AT Rs. 17,77,477 Cr.
|INFLOWS (Rs. in Crs)||AMOUNT|
|TAX OF UNION TERRITORY||3,577|
|GROSS TAX REVENUES||14,49,490|
|TAX RECEIPTS (net)||9,19,842|
|NON TAX RECEIPTS (Rs. in Crs)||AMOUNT|
|DIVIDENDS & PROFITS||1,00,651|
|OTHER NON TAX RECEIPTS||94,413|
|RECEIPTS OF UNION TERRITORY||1,296|
|DEBT RECEIPT (Rs. in Crs)||AMOUNT|
|SHORT TERM BORROWINGS||30,063|
|Securities Issued against Small Savings||22,408|
|STATE PROVIDEND FUND (Net)||10,000|
|EXTERNAL ASSISTANCE (Net)||11,173|
|OTHER RECEIPTS (Net)||13,559|
|NON DEBT CAPITAL RECEIPTS (Rs. in Crs)||AMOUNT|
|RECOVERY OF LOANS & ADVANCES||10,753|
|MISC. CAPITAL RECEIPTS||69,500|
|OUT FLOW (Rs. in Cr)||AMOUNT|
|NON PLAN EXPENDITURE||12,06,027|
|GRANTS TO STATES & UTs||1,08,552|
|OTHER GENERAL SERVICES||30,936|
|EXPENSES of UTs without Legislature||4,998|
|OTHER NON PLAN CAPITAL OUTLAY||10,582|
|GRANTS TO FOREIGN GOVT.||4,342|
|LOANS TO STATE & UT GOVT||79|
|LOANS TO FOREGIN GOVT||158|
® Abolition of Wealth Tax this will be a loss of Rs. 1008 cr but proposes additional 2 % surcharge for the super rich with income of over Rs. 1 Cr.
® Total exemption of upto Rs. 4,44,200 can be achieved; Service Tax increased to 14 %.
® Announced the Atal Pension Yojana, where the government will contibute 50 % of premium limited to Rs. 1000 per year and a Prime Minister Jeevan Jyoti Bima Yojana which will provide insurance cover of Rs. 3 lakh with a premium of just Rs, 330 per year. The Pradhan Mantri Suraksha Bina Yojna will cover accidental death risk of Rs. 2 Lakh for a premium of just Rs. 12 per year. Proposes to create a Universal Social Security System for all Indians.
® To introduce Prime Minister Jeevan Jyoti Bima Yojana which will provide insurance cover of Rs. 3 lakh with a premium of just Rs, 330 per year. The Pradhan Mantri Suraksha Bina Yojna will cover accidental death risk of Rs. 2 Lakh for a premium of just Rs. 12 per year. Proposes to create a Universal Social Security System for all Indians. To introduce new schemes for physical aids and assisted living devices for people aged over 80. Govt to use Rs. 9,000 Cr unclaimed funds in PPF/EPF accounts for Senior Citizens Fund.
® Transport allowance has been raised from Rs. 800 per month to Rs. 1600 per month. Health Insurance premium deduction has been hiked from Rs. 15,000 to Rs. 25,000.
® To allow Rs. 80,000 as deduction for serious diesases for senior citizens, Super senior citizens to get 30,000 deduction on medical expenses.
® To allocate Rs. 25,000 Cr for Rural Infrastructure Development Bank, to allocate Rs. 5,300 Cr to support Micro Irrigation Programme and sets Farmers credit to be Rs. 8.5 lakh Cr. To allocate Rs. 70,000 Cr to Infrastructure sector. To issue Tax Free Bonds for projects in Rails & Irrigation. To Allocate Rs. 150 Cr for Research & Developement. Proposes to set up 5 Ultra Mega Power Projects each of 4,000 MW.
® MUDRA bank will refinance micro finance orgs to encourage first generation SC/ST entrepreneurs.