Wednesday, December 31, 2014
Wednesday, December 24, 2014
Friday, October 24, 2014
Friday, September 5, 2014
Wednesday, August 27, 2014
Saturday, August 23, 2014
Current Postal Rates in India
Inland Postal Rates
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Remarks:
1. Post Cards are for transmission within India only. Dimensions 14 cm × 9 cm (length and breadth). Privately manufactured post cards shall not be thinner or more flexible than an embossed post card, and will have the same size and thickness of embossed post card. 2. Post cards containing communication recorded by printing, cyclostyling or by any other mechanical process are classified as 'Printed Post Cards'. Printed matter includes printed pictures also. 3. In Meghdoot Post Cards, the portion next to the address is available for advertisement in four colours. |
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Remarks:
1. Communication is contained on a sheet of paper with prescribed size & folding. Inland letter card is used for transmission within India only. No enclosures allowed. 2. Maximum weight allowed is 5 Grams. The dimensions of the letter card including its flaps when unfolded or folded shall respectively be as follows: (a) Unfolded: Maximum Size: 30 cm x 21 cm and Minimum Size: 28.2 cm x 18.2 cm. Letter Card should have three flaps, one each one on the left and right side not exceeding 1.5 cm by 10 cm and another on the top side not exceeding 1.5 cm by 21 cm. Flaps are not required if the Inland Letter Card can be closed by any other effective process. (b) Folded: Maximum Size: 21 cm x 10 cm and Miniimum Size: 15.2 cm x 9 cm. 3. Inland letter card should be made of minimum 70 GSM Paper. 4. Letter Cards of private manufacture suitably folded and closed on all sides through gumming or any other effective process, may be conveyed by post, provided the dimensions and other conditions mentioned in this rule are complied with. |
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| Remarks: 1. The communication is enclosed in an envelope and addressed. 2. Maximum weight allowed: 2 Kilograms 3. Sizes Prescribed: (a) If the letter is in roll form: Any Single diameter: Minimum 10 cm and Maximum 80 cm. Length + twice the diameter: Minimum 17 cm; Maximum 100 cm (b) If the letter is not in roll form: Any Single dimension: Minimum 11 x 7 cm; Maximum 60 cm Length + twice the diameter: Maximum 90 cm |
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Remarks:
1. There shall be no personal communication enclosed or written up on a book packet. 2. It shall not contain any paper money, postage or other stamps, cheques etc. 3. Exception: It may contain stamped self addressed post card or letter or wrapper. 4. Book Packet when sent in card form whether folded or not, shall be neither thinner nor more flexible than Inland Post Cards. 5. Maximum weight allowed: 5 Kilograms. 6 Sizes Prescribed: (a) If roll form: Length: Minimum 10 cm and Maximum 80 cm. Total Length + 2 diameters: Minimum 17 cm; Maximum 100 cm (b) Other than roll form: Minimum 10 cm x 7 cm; Maximum 60 cm x 30 cm x 30 cm |
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| Remarks: 1. Specifications are same as for book packets 2. Conditions: The contents shall be periodicals registered with the 'Registrar of Newspapers in India'. The first or last page of the periodical shall have the superscription "Registered with the Registrar of Newspapers in India under serial No.........." printed on it. |
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| Remarks: 1. Specifications are same as for book packets 2. Conditions:It shall not contain any publication published in regular intervals. No advertisements permitted. |
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Remarks:
1. A News paper is a publication consisting wholly or in great part of political or other news, with or without advertisement. It is published in large numbers at intervals of not more than 31 days. 2. It should have a bonafide list of subscribers. 3. If such news paper is registered in the office of the Superintendent or Senior Superintendent of Post offices of the area where News paper is to be published, it will be treated as 'Registered News paper' for concessional rates of postage. There is no fee for registration. 4. The registration number allotted to the paper should be printed on the top of the front page of the News paper preceded by the word 'Registered'. |
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Remarks:
1. India Post allows free transmission of blind literature packets up to 7 kilograms. Papers of any kind, periodicals and books impressed in "Braille" or other special type for the use of blind are allowed to be transmitted by post as Blind literature packets. 2. Size and packing is same as for book packets. 3. Conditions: It must be sent by or to a blind person. No written or printed communication should be enclosed except: the title and table of contents, the key or instructions, a label for return of the packet. |
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Remarks:
1. Anything can be sent in a parcel excepting articles whose transmission is prohibited. It can contain single communication to the addressee of the parcel. If the parcel is suspected to contain other than the permitted communication, it will be opened in the presence of the addressee or his authorized agent, and each written communication will be charged on delivery with double the letter postage. If the addressee refuses to pay the charges, the parcel will be returned to the sender from whom the charge will not be recovered. 2. Sizes Prescribed: (a) Length: Minimum as per letter; Maximum 100 cm (b) Length + Girth combined: Minimum as per letter; Maximum 90 cm 3. Maximum weight: Unregistered Parcel: 4 kgs, Registered Parcel 20 kgs |
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Remarks:
1. The postal article that is registered is given identification and is recorded at every stage of handling. Letters, letter cards, Book and Pattern Packets, Parcels, News papers prepaid with postage may be registered at any post office for transmission at any post office. The registered postal article is delivered specifically to the addressee. 2. Articles which can be Registered: Letters, Letter Cards, Postcards, Book and pattern packets, Blind literature packets, Parcels and newspapers prepaid with postage at newspaper rates of postage may be registered at any Post Office. 3. Registration is compulsory for the following: Any parcel exceeding 4 kilograms in weight, Any Insured article, Any parcel addressed to a place for which a customs declaration is required, Any article containing the following stamps labels, cheque, hundi, bank note, bank post bill, bill-of-exchange, Any article bearing the word “registered” on the cover, Any registered article which is re-posted after having been delivered, Any value-payable article. |
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Remarks:
1. Insurance covers all risks during the course of transmission by post. 2. The following types of articles can be insured: Registered letters, Value Payable Letters, Registered Parcels, Value Payable Parcels. 3. Limits: Branch offices are allowed to book up to the value of INR 600, other offices can book up to the value of INR 100,000. 4. Insured value should not exceed the value of the articles insured. 5. When articles having intrinsic value such as gold and currency notes are sent they should be insured for the actual value of the contents 6. The article to be enclosed in a strong cover sealed by means of identical seals, so that it cannot be tampered without breaking the seals or in a special water tear resistant and tamper evident special cover. |
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Remarks:
1.The VPL or VPP is paid for at the time of receipt. 2. Registered parcels, letters, book packets and news papers may be sent as VPL/VPP. An article which has no intrinsic value can also be sent as value payable article. |
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Remarks:
1. Express Parcel service will be available to both retail as well as business (corporate) customers. 2. Minimum chargeable weight for which Express Parcel consignments will be booked is 0.5 Kg. 3. Maximum weight of Express Parcel consignments which shall be booked across the Post Office counter by a retail customer shall be 20Kg. Maximum weight of Express Parcel consignments which can be booked by a contractual (business/ corporate) customer at identified centers is 35 Kg. 4. The above tariff shall be exclusive of taxes and the taxes, if leviable, have to be paid extra as notified by the Central Government from time to time. |
HOLIDAY LIST FOR CENTRAL GOVT EMPLOYEES
MOST IMMEDIATE
F.No.12/5/ 2o1.4-JCA-2
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)
North Block, New Delhi
Dated the 6th June, 2014
Office Memorandum
Subject: Holidays to be observed in Central Government Offices during the
year Rms.
It has been decided that the holidays as specified in the
Annexure —I to this O.M.
will be observed in all the Administrative Offices of the Central Government located at
Delhi/New Delhi during the year 2015. In addition, each employee will also be allowed to
avail himself/herself of any two holidays to be chosen by him/her out of the list of
Restricted Holidays in
Annexure — II.
2. Central Government Administrative Offices located outside Delhi / New Delhi shall
observe the following holidays compulsorily in addition to three holidays as per para
below:
1. REPUBLIC DAY
2. INDEPENDENCE DAY
3. MAHATMA GANDHI'S BIRTHDAY
4. BUDDHA PURNIMA
5. CHRISTMAS DAY
6. DUSSEHRA (VIJAY DASHMI)
7. DIWALI (DEEPAVALI)
8. GOOD FRIDAY
9. GURU
NANAK'S BIRTHDAY
to. IDU'L FITR
11. IDU'L ZUHA
12. MAHAVIR JAYANTI
13. MUHARRAM
Lt. PROPHET MOHAMMAD'S BIRTHDAY (ID-E-MILAD)
3.1. In addition to the above 14 Compulsory holidays mentioned in para
2, three holidays
shall be decided from the list indicated below by the Central Government Employees
Welfare Coordination Committee in the State Capitals, if necessary, in consultation with
Coordination Committees at other places in the State. The final list applicable uniformly to
all Central Government offices within the concerned State shall be notified accordingly and
no change can be carried out thereafter. It is also clarified that no change is permissible in
regard to festivals and dates as indicated.
1. AN ADDITIONAL DAY FOR DUSSEHRA
2. HOLI
3. JANAMASHTAMI (VAISHNAVI)
4. RAM NAVAMI
5. MAHA SHIVRATRI
6. GANESH CHATURTHI / VINAYAK CHATURTHI
7. MAKAR SANICARANTI
8. RATH YATRA
9. ONAM
10. PONGAL
n. SRI PANCHAMI / BASANT PANCHAMI
12.
VISHU/ VAISAKHI / VAISAKHADI / BHAG BIHU / MASHADI UGADI /
CHAITRA SUKLADI / CHETI CHAND / GUDI PADAVA isT NAVRATRA /
NAUROZ/CHHATH POOJA/ICARVA CHAUTH.
3.2 No substitute holiday should be allowed if any of the festival holidays initially
declared subsequently happens to fall on a weekly off or any other non-working day or in
the event of more than one festival falling on the same day.
4. The list of Restricted Holidays appended to this O.M. is meant for Central
Government Offices located in Delhi / New Delhi. The Coordination Committees at the
State Capitals may draw up separate list of Restricted Holidays keeping in view the
occasions of local importance but the 9 occasions left over, after choosing the 3 variable
holidays in para 3.1 above, are to be included in the list of restricted holidays.
5.1 For offices in Delhi / New Delhi, any change in the date of holidays in respect of Idu'l
Fitr, Idu'l Zuha, Muharram and Id-e-Milad, if necessary, depending upon sighting of the
Moon, would be declared by the Ministry of Personnel, Public Grievances and Pensions
after ascertaining the position from the Govt. of NCT of Delhi (DCP, Special Branch, Delhi
Police).
5.2 For offices outside Delhi / New Delhi, the Central Government Employees Welfare
Coordination Committees at the State Capitals are authorised to change the date of holiday,
if necessary, based on the decision of the concerned State Governments / Union Territories,
in respect of Idu'l Fitr, Idu'l Zuha, Muharram and Id-e-Milad.
5.3 It may happen that the change of date of the above occasions has to be declared at a
very short notice. In such a situation, announcement could be made through P.I.B./T.V. /
A.I.R. / Newspapers and the Heads of Department / Offices of the Central Government may
take action according to such an announcement without waiting for a formal order, about
the change of
date.
6. During 2015, Diwali (Deepavali) falls on Wednesday, November 11, 2015 (Kartika
20). In certain States, the practice is to celebrate the occasion a day in advance, i.e., on
"Narakachaturdasi Day". In view of this, there is no objection if holiday on account of
Deepavali is observed on "Naraka Chaturdasi Day (in place of Deepavali Day) for the
Central Government Offices in a State if in that State that day alone is declared as a
compulsory holiday for Diwali for the offices of the State Government.
7. Central Government Organisations which include industrial, commercial and trading
establishments would observe upto 16 holidays in a year including three national holidays
viz. Republic Day, Independence Day and Mahatma Gandhi's birthday, as compulsory
holidays The remaining holidays / occasions may be determined by such establishments /
organisations themselves for the year 2015, subject to para 3.2 above.
8. Union Territory Administrations shall decide the list of holidays in terms of
instructions issued in this regard by the Ministry of Home Affairs.
9. In respect of Indian Missions abroad, the number of holidays may be notified in
accordance with the instructions contained in this Department's O.M. No.12/5/2002-JCA
dated 17th December,
2002. In other words, they will have the option to select 9(Nine)
holidays of their own only after including in the list, three National Holidays and Milad-Un-
Nabi or Id-E-Milad, Rama Navami, Id-ul-Fitr, Janamashtami and Muharram included in
the list of compulsory holidays and falling on day of weekly off.
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3 —
10. In respect of Banks, the holidays shall be regulated in terms of the extant instructions
issued by the Department of Financial Services, Ministry of Finance.
11. Hindi version will follow.
End.: Lists of holidays
DISTRIBUTION:
(Ashok Kumar)
Deputy Secretary (JCA)
e
2309 2589
1. All Ministries/ Departments of Government of India.
2. UPSC/CVC/C&AG/ PMO / Lok Sabha Secretariat/ Rajya Sabha Secretariat/
President's Secretariat/Vice-President's Secretariat/ Supreme Court/ High Court/
Central Administrative Tribunal/ Election Commission of India / Minorities
Commission/ National Human Rights Commission/Central Information
Commission/National Commission for Women/ National Commission for
Scheduled Castes/ National Commission for Scheduled Tribes.
3. All attached and subordinate offices of Ministry of Personnel, P.G. & Pensions.
4. Secretary, Staff Side, National Council (JCM), 13-C, Ferozeshah Road, New Delhi.
5. All Staff Side Members of the National Council (JCM).
6. All Staff
Side Members of the Departmental CounciL(JCM),IvIinistly of_Personnel,
P.G. and Pensions.
7. Chairman / Secretaries, Central Government Employees Welfare Coordination
Committees (As per updated list from Welfare Section).
8. PS to Cabinet Secretary.
9. Deputy Secretary (Coordination), Delhi Govt. Secretariat, I.G. Stadium, I.T.O., New
Delhi.
10. The Manager (Store), Government of India, Forms Store, 166, Lenin Sarani, Kolkata
(with io spare copies).
11. Chief Secretaries to all the State Governments / Union Territories.
12. Directorate of Advertising and Visual Publicity, Soochna Bhavan, Phase IV, CGO
Complex, New Delhi -110 003 (with 5 spare copies)
13. Directorate of Printing, B-Wing, Nirman Bhavan, New Delhi (with 5 spare copies)
14. Positional Astronomy Centre, Block-AQ, Plot No.8 Sector-V, Salt lake, Mahish
Bathan, Kolkata — 700091.
15. Facilitation Center, DOP&T (2o copies)
16. NIC (DOPT) with the request to place this 0 M on the Website of the Department
(www.persmin.nic.in)
17. loo Spare Copies.
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ANNEXURE-I
LIST OF HOLIDAYS DURING THE YEAR 2015 FOR ADMINISTRATIVE OFFICES
OF CENTRAL GOVERNMENT LOCATED AT DELHI / NEW DELHI
S.No. Holiday Date I Saka Date I Day
1936 SAKA ERA
1. ilad-Un-Nabi or Id-E-Milad
Birthday of Prophet
ohammad)
January o4 Pausha 14 Sunday
2.
epublic Day January 26 Magha o6 Monday
3. oli March o6 Phalguna 15 Friday
1937 SAKA ERA
4. Ram Navami March 28 Chaitra o7 Saturday
5. Mahavir Jayanti April
02 Chaitra 12 Thursday
6. Good Friday April 03 Chaitra 13 Friday
7. Buddha Purnima May 04 Vaisakha 14 Monday
8. Idu'l Fitr July 18 Ashadha 27 Saturday
9. Independence day August is Sravana 24 Saturday
io. Janmashtami September o5 Bhadra 14 Saturday
11. Id-ul-Zuha(Bakrid) September 25 Asvina o3 Friday
12.
Mahatma Gandhi's Birthday October 02 Asvina io Friday
13. Dussehra October
22 Asvina 3o Thursday
14. Muharram October 24 Kartika
02 Saturday
15. Diwali (Deepavali) November 11 Kartika
20 Wednesday
16. Guru Nanak's Birthday November 25 Agrahayana 04 Wednesday
*
Milad-Un-Nabi or Id-E-Milad
(Birthday of Prophet
Mohammad)
December 24 Pausha o3 Thursday
17. Christmas Day December
25 Pausha o4 Friday
* Mdad-Un-Naln or Id-E-Milad (Birthday of Prophet Mohammad) falls twice
in the year 2015.
-5-
ANNEXURE-II
LIST OF RESTRICTED HOLIDAYS DURING THE YEAR eois FOR ADMINISTRATIVE
OFFICES OF CENTRAL GOVERNMENT LOCATED AT DELHI / NEW DELHI
S.No Holiday Date Salta Date Day
SAKA ERA 1936
1. New Year's Day January or Pausha ii Thursday
2.
Makar Sankranti January 14 Pausha 24 Wednesday
3. Pongal January 15 Pausha 25 Thursday
4. Basant Panchami
/Sri Panchami
January 24 Magha o4 Saturday
5. Guru Ravidas's Birthday February o3 Magha 14 Tuesday
6. Swami Dayananda
Saraswati Jayanti
February 14 Magha 25 Saturday
7. Shivaji Jayanti February 19 Magha 3o Thursday
8. Holika Dahan March o5 Phalguna 14 Thursday
9. Chaitra Sukladi/Gudi
Padava/Ugadi/Cheti Chand
March
21 Phalguna 3o Saturday
SAKA ERA 1937
10. Easter Sunday April o5 Chaitra 15 Sunday
a Vaisakhi/Vishu/Masadi April 14 Chaitra 24 Tuesday
12.
Vaisakhadi(Bengal)/ Bahag
Bihu (Assam)
April 15 Chaitra 25 Wednesday
13. Hazarat Ali's Birthday May o3 Vaisakha 13 Sunday
14. Guru Rabindranath's
birthday
May o9 Vaisakha 19 Saturday
15. Jamat-ul-Vida July 17 Ashadha 26 Friday
16. Rath Yatra July 18 Ashadha 27 Saturday
17. Parsi New Year's day/Nauroz August 18 Sravana 27 Tuesday
18. Onam August 28 Bhadra o6 Friday
19. Raksha Bandhan August 29 Bhadra o7 Saturday
20.
Vinayaka Chaturthi/ Ganesh
Chaturthi
September 17 Bhadra 26 Thursday
21.
Dussehra (Maha Saptami)
(Additional)
October 20 Asvina 28 Tuesday
22.
Dussehra (Maha Ashtami)
(Additional)
October
21 Asvina 29 Wednesday
23. Dussehra (Maha Navmi) October
22 Asvina 3o Thursday
-6-
S.No Holiday Date Salta Date Day
24. Maharishi Valmiki's Birthday October 27 Kartika o5 Tuesday
25. Karaka Chaturthi (Karva
Chouth)
October 3o Kartika o8 Friday
26. Deepavali (South India) November to Kartika 19 Tuesday
27. Naraka Chaturdasi November to Kartika 19 Tuesday
28. Govardhan Puja November
12 Kartika 21 Thursday
29.
Bhai Duj November 13 Kartika 22 Friday
3o. Pratihar Sashthi or Surya
Sashthi (Chhat Puja)
November 17 Kartika 26 Tuesday
31. Guru Teg Bahadur's
Martyrdom Day
November 24 Agrahayana o3 Tuesday
32. Christmas Eve December 24 Pausha o3 Thursday
32. Christmas Eve December 24 Pausha o3 Thursday
Wednesday, July 16, 2014
Monday, July 14, 2014
DOPT REJECTED 6 DAYS WEEK
DOPT rejects 6-day week schedule amid protests from women-TOI
The Department of Personnel and
Training (DoPT) will soon inform Parliament that the government is not going
back to a six-day week for its employees, even as a senior representative of
the central government employees said that women employees were biggest
opponents of any such change by the new government.
A senior DoPT official told ET
on Tuesday that all individual ministries would be advised that before they ask
employees to come to work on Saturdays, they were expected to first consult the
Joint Consultative Machinery set up in each ministry which has representatives from
the staff side before implementing the same. There was confusion among
government ranks last week after the road ministry issued an order asking
employees to report to work on all Saturdays except the second. The same was
apparently withdrawn after women employees in the ministry took it up with
transport minister Nitin Gadkari.
Employees in many other
ministries have also been asked informally to report to work on Saturdays in
case senior officials or the respective minister is in office. ET has learnt
that DoPT will soon inform Parliament that the government would continue to
work 5-days-a-week to end all speculation on this as it has received questions
on the same from MPs.
Shiva Gopal Mishra, Secretary
(staff side) of the National Council, JCM, told ET that “no government ministry
can enforce six-day week on employees without the concurrence of the DoPT. “Not
just DoPT’s concurrence, the government also needs to consult employees on the
same through the JCM mechanism.
There will be no use of going back
to a six-day week system as it will only raise electricity costs of the
government. Also, women employees form a sizeable proportion of the workforce
and they are strongly against any move to resort to a six-day week,” Mishra,
who is also general secretary, All India Railwaymen’s Federation, told ET.
Most women employees use the
weekend for pending household chores. The JCM, chaired by the Cabinet
Secretary, is a joint group of various staff unions of central government
employees supposed to act as a platform for constructive dialogue between the
representatives of the staff side and the official side for peaceful resolution
of all disputes.
Source: http://timesofindia.indiatimes.com/india/Department-of-personnel-and-training-rejects-6-day-week-schedule-amid-protests-from-women/articleshow/38063908.cms
UNION BUDGET 2014-2015
· Union Budget 2014 as it was presented in
Parliament on July 10, 2014 (Latest first):
· Market news @13.16 pm: As the Finance
Minister concluded his Budget speech, the BSE Sensex and the NSE Nifty had
recovered and were in green.
· The Sensex was up 79.43 points or 0.31 per
cent at 25,524.24 while the NSE Nifty was up 39.65 points or 0.52 per cent at
7,624.65 39.65.
· 13.12 pm: Indirect Taxes proposal will
yield Rs 7,525 crore additionally
· Extend 24X7 cargo clearance extended to 13
airports
· Exemption for micro insurance scheme expanded
· 13.09 pm: Goods on coastal vessels to
attract lower taxes
· Service tax on loading, unloading,
transportation of cotton being exempted
· Online ads to cost more. Service tax for
broadcast and online advertisements; print advertisements exempted.
· Service Tax brought in for AC bus travel
· Service tax exemption in some sectors
withdrawn
· Increase clean energy cess to Rs 100 per
tonne for coal, lignite
· 13.06 pm: Additional duty of excise of
5% on aerated water with added sugar
· Increase in excise duty on cigars and
ciggarette and pan masala
· Excise duty on cigarettes raised to 72%
· 13.02 pm: EVA sheets and solar black
sheets to be exempted from excise duty
· Flat copper wires for solar cells and
volumes, machinery and equipment for solar energy production, compressed
bio-gas plants to be exempt from excise duty
· Excise duty relief for footwear industry
· Excise duty on specified food processing and
packaging machinery cut from 10 per cent to 6 per cent
· Export duty on bauxite to be raised to 20 per
cent from 10 per cent
· Duty on oil products to be reduced
· Telecom products and computer parts to be
exempt from special additional duty
· Exempt color picture tubes for basic custom
duties
· Smart card manufacturing to get cheaper
· LCD, LED panel below 19 inches to have 0%
basic customs duty
· To boost manufacturing and address inverted
duty, basic customs duty on a number of raw materials brought down
· Indirect taxes: Manufacturing sector is under
stress is due to variety of reasons
· 12.52 pm: Net effect of direct tax
proposals is Rs 22,000 cr, which is the net loss due to direct tax proposals
· Government to review the Direct Taxes Code
· Foreign Dividend Tax to continue at 15%.
· Rate of tax for long-term capital gains
raised from 10 per cent to 20 per cent
· 12.48 pm: Certain changes to be made
in transfer pricing to bring down litigations
· Conducive tax regime for infrastructure and
real estate investment trusts
· 10 year tax holiday for undertakings that
generate and transmit power extended to 2017
· Investment allowance at rate of 15% to
manufacturing companies that invest Rs 25 crore in plant and machinery
· 12.40 pm: Tax proposals: Jaitley says
had limited fiscal space change challenge
· Propose to give some relief to individual tax
payers of the economy
· No change in tax rate, but relief to small
and marginal tax payers
· Personal income tax exemption limit raised to
Rs 2.5 lakh below age of 60 lakh.
· Exemption limit of Rs 3 lakh for senior
citizens
· Education cess will continue
· Housing loan: Self occupied property interest
deduction upped to Rs 2 lakh from Rs 1.5 lakh
· Exemption under 80C raised to Rs 1.5 lakh
· Increase in savings and productive use
needed.
· To encourage domestic investment in long term
savings investment, limit raised to Rs 1.5 lakh
· Direct Taxes and Indirect Taxes target same
as that in interim budget
· Fiscal Deficit will be 4.2% of GDP and
Revenue Deficit will be 2.9% of GDP
· NE region to get Rs 53,706 crore
· Plan allocation of Rs 5,75,000 crore is 29
per cent increase over last year.
· Total expenditure is Rs 17,94,892 crore
· 12.37 pm: Non plan expenditure Rs
12,19,849 crore
· NCT Delhi faces in-migration every year. To
make Delhi a world class city -- Rs 200 cr for power reforms. Rs 500 cr for
water reforms
· Rs 1,000 crore additional fund for rail
connectivity in North East (over and above that provided in Rail Budget)
· North East region has potential to develop
organic farming, funds of Rs 100 crore for this purpose
· New TV channel for North east to be launched
· National Academy of Customs and Excise to be
set up in AP
· National Center of Himalayan Studies to be
set up in Uttarakhand
· Rs 990 crore for socio economic development
· Funds of Rs 100 crore career counselling for
youth
· Displaced Kashmiri migrants : provide Rs 500
crore to support them
· 12.33 pm: Sports : Government will set
up national sport academies in different parts of India
· Lot of sporting talent, upgrading indoor and
outdoor stadiums in Jammu and Kashmir valley
· Sports University in Manipur to be developed.
Will get Rs 100 crore
· Rs 100 crore for training of women for
forthcoming Asian Games
· Major space missions planned for 2014-15
including GSLV MK3
· 12.28 pm: Integrated Ganga
Conversation Mission to get Rs 2,037 crore
· Harness NRI's support : NRI fund for ganga to
be set up
· Announces Rs 100 cr for development of
archaeological sites. Gaya to be developed as world class tourism spot
· National mission for spirituality to be
launched; sets aside Rs 200 crore.
· Rs 500 crore for setting up five tourist
circuits.
· 12.25 pm: Rs 100 cr set aside for
development of Technology Development Fund in Defence
· Additional funds for development of left wing
extremist affected areas
· Capital outlay of Defence hiked by Rs 5,000
cr
· Part of the increase will go for developing
rail tracks in border areas.
· Rs 50 crore for setting up national police
memorial
· The RBI will create framework for licenses of
small banks
· 12.20 pm: PPF annual ceiling to be
raised to Rs 1,50,000
· Small saving schemes to be revitalised
· Special small saving instrument for education
and marriage of girl child will be launched
· Pending insurance Bill to be taken up for
consideration of Parliament
· 12.17 pm: Banks to be permitted to
raise long term funds to lend to infrastructure with minimum regulations
· Banks will be encouraged to give loans for
long term financing of infrastructure
· Six new debt recovery tribunals to be set up.
· Adoption of new accounting system based on
international system by companies voluntarily now and mandatoriy from 2016-17
· 12.15 pm: Uniform KYC norms across
financial sector.
· ADR/GDR regime to be liberalised.
· Ecosystem for investing in venture capital.
· Financial sector is at the heart of the
growth engine
· Measures to energise Capital market
· Introduce one single operating DEMAT account
· Impasse in mining sector to be resolved.
· Revision of rate of royalty on minerals to be
taken up on request from the States
· 12.10 pm: Rs 100 crore for preparatory
work of new scheme on thermal power technology
· Ultra modern solar projects to get Rs 500
crore in Ladakh, Rajasthan
· In order to complete gas grid, 15,000 km of
additional pipeline to be developed through PPP mode
· Rs 4,200 cr set aside for Jal Marg Vikas
project on river Ganga connecting Allahabad to Haldia over 1,620 km
· Exercise to rationalise coal linkage underway
· Road sector needs huge investment;
NHAI addtional investment Rs 37,800 crore
· 8,000 km NH construction to be achieved
· 12.07 pm: Schemes for development of
new airports in tier 1 and tier 2 will be launched through AAI and PPPs
· Policy for promoting domestic shipbuilding
· 16 new port projects to be awarded this year.
Rs 11,000 crore allocated for port development.
· India has emerged as largest PPP market. But
we have also seen weakness of PPP framework
· Rs 500 crore for mainstreaming PPP projects
· 12.02 pm: Six more textile clusters to
be set up.
· Rs 30 crore for handloom development
· Trade facilitation and craft centre to be set
up.
· Rs 10,000 cr fund for helping start-ups
· Effective steps to operationalise SEZ and
revive investor interest. SMEs form backbone of our economy, bulk of service
sector also SME, appoint a committee of FM, MSME to give suggestions to RBI
· Kakinada port to be developed with special
focus on manufacturing
· Export promotion mission to bring all
stakeholders including states under one umbrella
· 11.59 am: E-waste platform for all
Government departments by December 31
· National Industrial Corridor with
headquarters in Pune will be given Rs 100 crore to oversee industrial corridor
· Industrial smart cities in 7 places.
· 11.55 am: All for farmers: Propose to
provide finance to farmer groups to landless farmers
· Rs 500 crore for price stabilisation fund
· Finance to 5 lakh landless farmers through
NABARD
· Farmer markets to be set up in states.
· Target of Rs 8 lakh crore for agriculture
credit this fiscal
· Interest subvention scheme to continue for
farmers
· Farmers get further incentive of 3 per cent
for timely repayment
· RIDF corpus to be increased by Rs 5,000 crore
· Agri universities in Andhra Pradesh and
Rajasthan
· Horticultural university in Telangana and
Haryana
· Government shall when required undertake open
market sale of wheat and rice to keep prices under control
· Kisan TV to be launched in current year, to
disseminate real time info to farmers, Rs 100 crore set aside for this purpose
· Increasing warehousing capacity: Rs
5,000 crore for scientific warehousing infrastructure
· Long term rural credit fund in Nabard to be
set up for refinance support
· To have initial corpus of Rs 5,000 crore
· Rs 5,000 crore to be allocated to STRC fund
to ensure uninterrupted flow of credit to farmers
· National Adaptation Fund for climate change
with initial fund of Rs 100 crore
· 11.52 am: After a break, Jaitley
starts speaking again. Gets special permission to sit and read his Budget
· 11.44 am: House adjourned for 5
minutes
· 11.42 am: Farming: contributed
one-sixth to our national GDP.
· To make farming competitive, need to set up
investment in agro technology and modernisation and improving infrastructure
and research centres
· Rs 100 crore to set up agri infrastructure
fund
· Rs 100 cr provided for modernisation of
madarasas
· Minorities training to be launched in
traditional arts
· Town development to be added to CSR activity
· For 2 million cities planning of urban metro
projects should begin. Urban metro projects -- rail-based and LRT-based
projects -- metro projects on PPP basis. Allocates Rs 100 cr. Programme will be
in place in six months
· Urban renewal mission -- PPP in drinking
water, use of recycled water, solid waste management and digital connectivity
· 11.37 am: Market news: Sensex falls
280.64 points or 1.10 per cent to 25,164.17; Nifty down 102.10 points or 1.12
per cent to 7,500.25
· 11.37 am: National rural internet
mission also proposed Rs 500 crore allocated
· Special focus on software startups
· Propose to set up Center of Excellence in MP
named after Jai Prakash Narayan
· 600 new community radio stations
· Rs 100 crore for setting up virtual classroom
· Five more IITs to be set up
· Five more IIMs to be set up
· 11.34 am: Four more AIIMS to be set
up. Every State to have AIIMS in future.
· New AIIMS to come up in Andhra Pradesh, West
Bengal, Vidharbha, Purvanchal; sets aside Rs 500 crore
· 12 more additional Government colleges in
other states.
· Central assistance to Drug Regulatory and
Food Regulatory Authorities.
· 15 modern research health centres to be set
up in rural areas.
· 11.30 am: Backward region grant fund :
to fill gap in critical infrastructe, plans to restructure
· Rural Housing Scheme to have increased
allocation of Rs 8,000 crore
· Nilanchal-Rs 2,141 crore fund for water
scheme
· Rs 3,600 crore for water treatment plants to
provide safe drinking water
· National Rural Livelihood Mission to be
extended to another 100 districts
· Rural entrepreneurship scheme to get Rs 100
crore
· PMGSY initititaed in NDA 1 has had a massive
impact. Reaffirms commitment to PMGSY with Rs 14,389 cr
· 11.28 am: Beti bachao, beti padhao
yojana scheme for increasing awareness about girl child--Rs 100 crore set aside
· School curriculum to have separate chapter on
gender mainstreaming
· Incentive for visually challenged.
· 15 new Braille press to be set up. Current
ones to be modernised. Currency notes to have braille printing.
· 11.26 am: FDI opened in urban
construction.
· Mandatory ceiling for PF raised to Rs 15,000
crore
· EPFO unified account scheme
· Minimum pension of Rs 1,000 for organised
sector employees
· For welfare of tribals, Rs 100 crore scheme
· Welfare of senior citizens--Varishth Bima
Yojana for one year
· 11.23 am: Total sanitation goals to be
achieved by 2019
· Govt committed to welfare of SC/ST; Rs 50,448
cr for for SC fund
· Scheme for rural integrated infrastructure
development
· Rs 200 crore for Sardar Patel statue in
Gujarat
· Power is vital for economic growth.
· Deen Dayal Upadhaya Gram Jyoti Yojana gets Rs
500 crore aimed at providing electricity to rural areas
· Rs 1,000 crore for Pradhan Mantri Krishi
Seenchaayi Yojana--Need to provide assured irrigation to farmers
· 11.21 am: Skill India : national multi
skill plan to skill youth with employability and entrepreurial skills
· e visa to be introduced in 9 airports.
Countries to be identified in phased manner.
· PSU will invest Rs 2,47,941 crore this year
to create a virtue of investment cycle
· 11.17 am: Banking system needs to be
strengthened further.
· Rs 2,40,000 crore has to be infused by 2018
to meet Basel 2 norms
· Citizens will get direct shareholding in
banks which they currently hold indirectly
· Real estate investment trusts to reduce
pressure on banking.
· Market news: The Sensex and the Nifty
jumped nearly 0.6 per cent soon after the Finance Minister started presenting
his maiden Union Budget for 2014-15.
· To encourage development of smart cities,
requirement of built up area for capital conditions for FDI being reduced to
20,000 sq m from 50,000 sq m. Rs 7,060 crore for development of smart cities.
· 11.13 am: Policy is to promote FDI
selectively in certain sectors where India is largest buyer of defence
equipment. We are buying defence requirements directly from foreign buyers. It
promotes economy. India needs boost for job creation in manufacturing sector in
particular.
·
· FDI in Defence manufacturing raised to 49%
from 26% now
· FDI in insurance sector raised to 49%. There
is a need for more capital in the capital starved insurance sector: Jaitley.
· Proposed certain changes in transfer pricing
regulations.
· Will look at subsidies rationalisation
· All cases related to retrospective
transaction will be scrutinised by a High Level Committee set up by CBDT before
action is taken
· 11.12 am: We are committed to provide
stable and predictable taxation regime which will be investor friendly
· WIll not bring any retrospective changes that
brings additional liability
· Power of retrospective taxation have to be
exercised with caution.
· 11.10 am: Roadmap for subsidy regime
· New urea policy to be formulated.
· GST debate must end. Discussed issue for many
years
· Black money is a curse on our economy
· Expenditure management commission to be set
up
· No option but to undertake bold steps to
revive economy.
· Going forward must be watchful of CAD.
Considering that we had two years of low GDP growth, a large subsidy burden,
target of 4.1% fiscal burden is daunting.
· Fiscal deficit target of 3.6 % for 2015-16
· 11.06 am: Task before me is
challenging because we need to revive growth in manufacturing and infrastructure
sector
· Budget is only the beginning of journey for
sustained growth of 7-8% over next three years
· 11.05 am: Arun Jaitley sets out to
present his maiden Union Budget for 2014-15, with the opening line that the
people of India has decisively voted for Change and that the country is in the
mood for suffering unemployment and lack of basic amenitites. The FM was clear
that it is not fair to expect too much from the first budget of the Government.
· The focus is on lowering food inflation.
These are the headwinds on which the Indian economy has to maneouvre aim to lay
down broad policy indicator.
· 11.00 am: Arun Jaitley addresses
Parliament.
· 10.55 am: India has had 25 finance
ministers since Independence in 1947 who have presented and passed in
Parliament 83 Budgets — both interim and annual — so far.
· 10.53 am: The budget speech and the
document has two parts – Part A and B. Part A is the macroeconomic part of the
budget where various schemes are announced, and allocations are made to several
sectors. The priorities of the government are also announced in this part.
·
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