தமிழகத்திற்கு பொதுத்தேர்தல் 2016 முறையான அறிவிப்பு

 Schedules of Election : The Commission has prepared the Schedules for holding General Elections to the Legislative Assemblies of Assam, Kerala, Tamil Nadu, West Bengal and Puducherry after taking into consideration all relevant aspects, like the climatic conditions, academic calendar, major festivals, prevailing law and order situation in the States, availability of Central Police Forces, time needed for movement, transportation and timely deployment of forces and in-depth assessment of other relevant ground realities.

The Commission after considering all relevant aspects has decided to recommend to the Governors of the State of Assam, West Bengal, Tamil Nadu and Kerala and the Lieutenant Governor of Puducherry to issue notifications for the General Elections to their respective states under the relevant provisions of the Representation of the People Act, 1951, as per the schedule annexed.

Source: PIB

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FNPO Memorandum to GDS Committee

FNPO&NUGDS submitted memorandum to Sri .Kamlesh Chandra , Chairman, GDS Committee   on 03/03/2016 . 

Click here to read Memorandum
Click here to read 1st page

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நெல்லை கோட்ட சுழல் மாறுதல் அறிவிப்பு --2016

அன்பார்ந்த தேசிய நெஞ்சங்களே 
வணக்கம் நமது கோட்டத்தில் ஒருவழியாக 2016 ம் ஆண்டிற்க்கான சுழல் மாறுதல் அறிவிப்பு வெளியிடபட்டுள்ளது. 
 உங்கள் பெயர் தவறுதலாக இடம்பெற்றிருந்தால் தெரிவிக்க வேண்டிய கடைசி நாள் : 10.03.2016
உங்கள் Tenure Extention க்கு RO விற்கு விண்ணப்பிக்க வேண்டிய கடைசிநாள்  : 11.03.2016சுழல் மாறுதலுக்கு விண்ணப்பிக்க வேண்டிய கடைசிநாள் : 21.03.2016 

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NJCM Writes to the FM on deduction of IT on PF

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Rahul said relief should be given to employees and not to "thieves". "

NEW DELHI: Congress vice president Rahul Gandhi on Thursday came out in support of the growing demand for a rollback of the Budget proposal to tax withdrawals from the Employees' Provident Fund.

Slamming the NDA government, Rahul asked PM Narendra Modi to withdraw the proposal to give relief to employees and not to "thieves" who would benefit from the 'Fair and Lovely scheme' in the Budget on black money. "What the government is doing with regards to taxing EPF is patently unfair. People work all their lives, EPF is a safety net for them and to destroy it is not something the government should do. I would request the PM to take back the tax on EPF," Rahul told reporters.

Taking a jibe again at finance minister Arun Jaitley's Budget announcement of a single-window compliance scheme on black money, Rahul said relief should be given to employees and not to "thieves". "I had said yesterday that you (Modi) have given the 'fair and lovely scheme' to thieves. Our voters and employees should get relief," he added.

On Wednesday, the Congress vice-president had ridiculed the one-time compliance window announced in the Budget as a 'fair and lovely scheme' and said this was nothing but a move to turn black money white.

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Second wife can claim benefits of deceased husband: HC

The Bombay High Court on Tuesday held that the second wife of a Union government employee can claim retirement benefits of the deceased husband. 

A Division Bench of Chief Justice GH Waghela and Justice VK Tahilaramani was hearing the petition filed by the first wife of the deceased, working at the Ammunition Factory in Pune. He had nominated his second wife to receive all retirement benefits in January 2010, after he cancelled the nomination of his first wife after giving her a divorce.

First wife moves HC

On being aggrieved by the order passed by the Central Administrative Tribunal in September 2013, that held that the second wife would receive all the benefits, the first wife moved the High Court.

The court said, “We also have to go by the fact that the first nomination in favour of the first wife was duly cancelled and a fresh nomination was filed separately by the deceased for Death-Cum-Retirement Pension, Provident Fund and Group Insurance benefits in favour of the second wife.”

‘Not possible to ignore nomination’

The court noted that it was not possible to ignore the nomination made by the deceased in favour of the second wife.

The court also observed that approximately six months prior to his death, the deceased had promptly informed his office about his second marriage and about his divorce.

He had also told his office about the nomination filed in favour of the second wife relating to retirement benefits, the Bench said.

Age relaxation for widows

The Ministry of Women and Child Development is considering taking up a proposal for age relaxation for widows for employment in Government and Central PSUs. The Ministry is also considering moving a proposal for tax rebates for single women who are having children. These are at a preliminary stage and formal proposals have not yet been prepared.

This information was given by the Minister of Women and Child Development, Smt Maneka Sanjay Gandhi in reply to a question in the Rajya Sabha today.

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Officer can’t withdraw resignation once it is accepted, says tribunal

The Central Administrative Tribunal (CAT) dismissed the plea of an Indian Revenue Service Officer of the 2002 batch seeking to withdraw her resignation from service in 2008 as she is now in a pathetic condition.

This is not the first instance of government officers putting in their papers and later struggling to get back the job.

In 1969, IAS officer Raj Kumar faced a similar fate when his appeal to the Supreme Court to withdraw his resignation after its acceptance by the government was dismissed by the top court. His contention — that the acceptance of the resignation was not communicated to him — was also dismissed by the apex court that said the resignation becomes effective once accepted. The case has now become a reference point for government counsel defending similar cases.

However, in an uncommon case, an IAS officer was able to get back the job even after over six years of resignation as it was later discovered that the resignation could not have been accepted due to a technicality issue. Later, the officer was in the running for the post of cabinet secretary.

In the current case, the lady officer, while working in Shimla, had resigned from service citing “sheer despair and depression” due to her continuous ill health and estranged relationship with her husband.

While the resignation was accepted on January 16, 2008, after a gap of three years, she sought to get her job back on “humanitarian grounds”. She contended that after her resignation, she is now unable to meet the expenses for her treatment and could not look after her little child as she had parted with her husband.

“Hence, in the interest of justice and on humanitarian grounds, her application for withdrawing her resignation is required to be accepted,” the plea said. The principal bench of CAT in Delhi, however, relied on the department of personnel and training’s office memorandum, which provides for relaxation of the time limit of 90 days between the date on which the resignation became effective and the date on which the person is allowed to resume duty.

A revenue service officer who wanted her job back nearly three years after she resigned has been told she cannot withdraw her resignation as it had already been accepted by the government and surpassed the 90 days’ relaxation period.

“Since the applicant, admittedly, applied for withdrawal of her resignation beyond the said permissible period, she cannot seek any relaxation of rules,” the tribunal held.

It also noted the government’s argument that once her resignation was accepted and published in the official gazette — a public document — non service of the same on her does not take away its effect.

On issuing the same, the relationship of an employer and an employee came to an end.

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Recovery of wrongful and excess payments made to Government servants – Dopt orders on 2.3.2016

எத்தனை உத்திரவு வந்தும் என்ன பயன் ? 
அத்தனையும் காற்றில் பறக்கவிடும் அதிகாரிகள் முன்பு ..............
F.No.18/03/2015-Estt. (Pay-I)

Government of India

Ministry of Personnel, Public Grievances & Pensions

Department of Personnel & Training

New Delhi, the 2nd March, 2016

OFFICE MEMORANDUM

Sub: Recovery of wrongful / excess payments made to Government servants.

The undersigned is directed to refer to this Department’s OM No.18/26/2011-Estt (Pay-I) dated 6th February, 2014 wherein certain instructions have been issued to deal with the issue of recovery of wrongful / excess payments made to Government servants in view of the law declared by Courts, particularly, in the case of Chandi Prasad Uniyal And Ors. vs. State of Uttarakhand And Ors., 2012 AIR SCW 4742, (2012) 8 SCC 417. Para 3(iv) of the OM inter-alia provides that recovery should be made in all cases of overpayment barring few exceptions of extreme hardships.

2. The issue has subsequently come up for consideration before the Hon’ble Supreme Court in the case of State of Punjab & Ors vs Rafiq Masih (White Washer) etc in CA No.11527 of 2014 (Arising out of SLP(C) No.11684 of 2012) wherein Hon’ble Court on 18.12.2014 decided a bunch of cases in which monetary benefits were given to employees in excess of their entitlement due to unintentional mistakes committed by the concerned competent authorities, in determining the emoluments payable to them, and the employees were not guilty of furnishing any incorrect information / misrepresentation / fraud, which had led the concerned competent authorities to commit the mistake of making the higher payment to the employees. The employees were as innocent as their employers in the wrongful determination of their inflated emoluments. The Hon’ble Supreme Court in its judgment dated 18 th December, 2014 ibid has, inter-alia, observed as under:

“7. Having examined a number of judgments rendered by this Court, we are of the view, that orders passed by the employer seeking recovery of monetary benefits wrongly extended to employees, can only be interfered with, in cases where such recovery would result in a hardship of a nature, which would far outweigh, the equitable balance of the employer’s right to recover. In other words, interference would be called for, only in such cases where, it would be iniquitous to recover the payment made. In order to ascertain the parameters of the above consideration, and the test to be applied, reference needs to be made to situations when this Court exempted employees from such recovery, even in exercise of its jurisdiction under Article 142 of the Constitution of India. Repeated exercise of such power, “for doing complete justice in any cause” would establish that the recovery being effected was iniquitous, and therefore, arbitrary. And accordingly, the interference at the hands of this Court.”

“10. In view of the afore-stated constitutional mandate, equity and good conscience, in the matter of livelihood of the people of this country, has to be the basis of all governmental actions. An action of the State, ordering a recovery from an employee, would be in order, so long as it is not rendered iniquitous to the extent, that the action of recovery would be more unfair, more wrongful,

more improper, and more unwarranted, than the corresponding right of the employer, to recover the amount. Or in other words, till such time as the recovery would have a harsh and arbitrary effect on the employee, it would be permissible in law. Orders passed in given situations repeatedly, even in exercise of the power vested in this Court under Article 142 of the Constitution of India, will disclose the parameters of the realm of an action of recovery (of an excess amount paid to an employee) which would breach the obligations of the State, to citizens of this country, and render the action arbitrary, and therefore, violative of the mandate contained in Article 14 of the Constitution of India.”

3. The issue that was required to be adjudicated by the Hon’ble Supreme Court was whether all the private respondents, against whom an order-of recovery (of the excess amount) has been made, should be exempted in law, from the reimbursement of the same to the employer. For the applicability of the instant order, and the conclusions recorded by them thereinafter, the ingredients depicted in paras 2&3 of the judgment are essentially indispensable.

4. The Hon’ble Supreme Court while observing that it is not possible to postulate all situations of hardship which would govern employees on the issue of recovery, where payments have mistakenly been made by the employer, in excess of their entitlement has summarized the following few situations, wherein recoveries by the employers would be impermissible in law:-

(i) Recovery from employees belonging to Class-III and Class-IV service (or Group ‘C’ and Group ‘D’ service).(ii) Recovery from retired employees, or employees who are due to retire within one year, of the order of recovery.(iii) Recovery from employees, when the excess payment has been made for a period in excess of five years, before the order of recovery is issued.(iv) Recovery in cases where an employee has wrongfully been required to discharge duties of a higher post, and has been paid accordingly, even though he should have rightfully been required to work against an inferior post.(v) In any other case, where the Court arrives at the conclusion, that recovery if made from the employee, would be iniquitous or harsh or arbitrary to such an extent, as would far outweigh the equitable balance of the employer’s right to recover.

5. The matter has, consequently, been examined in consultation with the Department of Expenditure and the Department of Legal Affairs. The Ministries / Departments are advised to deal with the issue of wrongful / excess payments made to Government servants in accordance with above decision of the Hon’ble Supreme Court in CA No.11527 of 2014 (arising out of SLP (C) No.11684 of 2012) in State of Punjab and others etc vs Rafiq Masih (White Washer) etc. However, wherever the waiver of recovery in the above-mentioned situations is considered, the same may be allowed with the express approval of Department of Expenditure in terms of this Department’s OM No.18/26/2011-Estt (Pay-I) dated 6th February, 2014.

6. In so far as persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence of the Comptroller and Auditor General of India.

7. Hindi version will follow.

sd/-

(A.K.Jain)

Deputy Secretary to the Government of India

Authority :www.persmin.gov.in

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Notification For Direct Recruitment Examination For Multi Tasking Staff (MTS), 2016 - TN Circle

தமிழ்நாடு முழுவதும் MTS பதவிகளுக்கு விண்ணபங்கள் கோரப்பட்டுள்ளன 
மொத்த காலி பணிஇடங்கள் --127  விண்ணபங்கள் அனுப்பவேண்டிய கடைசி தேதி 30.03.2016 கல்விதகுதி --10 ம் வகுப்பு  நமது நெல்லை கோட்டத்தில் காலி இடங்கள்  : 2  ( UR  ) 
                                                            Reserved for 1 Ex Serviceman 1 for VH
 மேலும் விபரங்களுக்கு 

PL CLICK HERE TO VIEW THE NOTIFICATION

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NC JCM Staff Side meeting with Cabinet Secretary on strike Charter of demands on 1st March 2016

No improvement in the yesterday meeting with Central Govt. All the Central Govt. Employees will go on strike from 11.04.2016 as already decided. 


The short outcome of the meeting held on 01.03.2016 with Cabinet Secretary (Head of the Empowered Committee of Secretaries) is given below...

MEETING WITH CABINET SECRETARY

———-Empowered Committee of Secretaries headed by Cabinet Secretary has held first round of discussion with JCM National Council Standing Committee members on strike Charter of demands on 1st March 2016. Staff Side explained the justification of each and every demand and conveyed the large scale resentment among the Central Government Employees to the Cabinet Secretary . Cabinet Secretary has not made any commitment on any demand. He informed that this is only a preliminary interaction with the Staff Side.

Com. M. Raghavaiyya Leader Staff Side, 

Com. Shiva Gopal Mishra Secretary Staff Side and other Standing Committee members attended.

Confederation was represented by Coms. KKN Kutty , M. Krishnan & M.S. Raja .

Meeting commenced at 0645 P.M. & ended at 0845 P.M.

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மோடி செய்யும் மோசடி

Modi Government rejected the demand for raising of Bonus payment ceiling to Central Govt Employees.

போனஸ் சட்டதிருத்தம் பாராளுமன்றத்தில் வருகிறபோது 2015 லிருந்து ஏன் 2014 இருந்து வழங்கலாமே என பேசி திருத்தம் செய்த மோடி -  இன்று செய்யும் மோசடி பாரிர் 

F.No.7/4/2014-E-III(A)

Government of India

Ministry of Expenditure

(E-IIIA Branch)

North Block, New Delhi

Dated the 25th Feb, 2016

To,

Sh.Shiva Gopal Mishra

Secretary (Staff-side)

Joint Consultative Machinery(JCM)

13-C, Ferozshah Road,

New Delhi-110001.

Subject: Raising of bonus payment ceiling to Central Government employees.

Sir,

I am directed to refer to your L.No. NC-JCM-2015-S.C dated 11.1.2016 on the subject mentioned above and to say that the issue raised therein has been considered.

2. At the outset, till now there has not been a complete parity between Payment of Bonus Act, 1965 and the bonus for Central Government employees in regard to the two different ceilings, one relating to the calculation and the other relating to eligibility. While the calculation ceiling has been the same, the eligibility ceiling has been different and even the revised eligibility ceiling of Rs. 21,000 under the amended Payment of Bonus Act, 1965 is not higher than that in case of the Central Government employees where all non-gazetted employees are eligible for bonus. This being so, a complete parity for the purpose of calculation ceiling of Rs. 7000 p.m., that too, from 1.1.2014, is not justifiable.

3. Most importantly, the 7th Central Pay Commission, which has gone into the  issue of bonus scheme in detail in respepct of the Central Government employees, has felt that instead of bonus, there should be introduced the Performance related Pay (PRP) for all categories of Government employees and this PRP should subsume the existing bonus scheme. 

The Commission has further recommended that since there would be a time log in implementing the PRP, the existing scheme should be reviewed and linked with increased profitability/productivity under the well-defined parameters. The recommendations of the Commission are separately being examined and an appropriate view would be taken as and when the Government decision on the recommendations of the 7th Central Pay Commission is  known. Till such time, therefore, it may not be possible to revisit the issue of  calculation ceiling in case of Central Government employees for the purpose of PLB/ad-hoc bonus.

4. This has the approval of the Finance Secretary

Yours Sincerely,

(Ashok Kumar)

Under Secretary to the Gpovt of India

Ph.23095650

 

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All post offices to be computerised by 2017

India Posts is the largest postal network in the world and provides access to affordable services to all citizens in the country through its vast network. Out of 1.55 lakh post offices, 1.39 lakh are in rural areas and the remaining 15,736 in urban areas.

Over 1.55 lakh post offices in the country would be computerised by next year with an outlay of Rs 4,909 crore under the IT Modernisation Project of the Department of Posts. "At present, the project is at implementation stage and is likely to be completed by 2017," the Economic Survey 2015-16 tabled in Parliament today said.

The project involves computerisation and networking of all post offices. Besides, it envisages networking and computerisation of all mail offices, accounts offices and administrative offices in the country, including approximately 1,30,000 branch post offices in rural areas run by 'gramin dak sevaks'.

A total of 27,736 departmental post offices, including mail offices and administrative offices, have been networked and connected to a data centre, the survey said. "It is the largest single organisation WAN (wide area network) in the country.

A data centre has been established at Navi Mumbai and has been functioning since April 2013, while a disaster recovery centre has been operationalised in May 2015," it said.

India Posts is the largest postal network in the world and provides access to affordable services to all citizens in the country through its vast network.

Out of 1.55 lakh post offices, 1.39 lakh are in rural areas and the remaining 15,736 in urban areas. Under the project, Core Banking Services have been rolled out in 17,600 post offices and ATMs have been installed in 510 locations.

Core Insurance Solution (CIS-PLI) has been rolled out in 25,406 post offices.

The Department of Posts has also launched pilot project of Rural information and communication technology (ICT) in Rajasthan, Bihar and Uttar Pradesh on December 28, 2015.

The DoP plays a crucial role in disbursing wages to Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) beneficiaries. Nearly 6.92 crore MGNREGS accounts have been opened in post offices up to December 2015, the survey said. "Towards financial inclusion, the number of post office savings bank (POSB) accounts has increased from 30.86 crore to 33.97 crore," it said.

Total deposits in these accounts and cash certificates stood at Rs 6.53 lakh crore, the survey added.

More than 80 lakh Sukanya Samriddhi Yojana accounts have been opened with a cumulative investment of more than Rs 2,900 crore since the launch of the scheme on January 22, 2015.

Apart from this, more than 1.84 crore kisan vikas patras have been sold, attracting an investment of more than Rs 16,429 crore since launch on November 18, 2014, the survey said.

Source : http://www.moneycontrol.com/

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Finance Minister not given assurance for reviewing the retrograde recommendations of 7th CPC – NFIR (INTUC)

Finance Minister not given assurance for reviewing the retrograde recommendations of 7th CPC – NFIR

NFIR

National Federation of Indian Railwaymen

3, Chelmsford Road, New Delhi 110 055

Press Statement of M.Raghavaiah, General Secretary

Finance Minister Arun Jaitley’s Budget (2016-17) failed to address the genuine aspirations of working class.

The Income Tax Exemption limit for serving and retired Central Government employees has not been revised.

The Fixed Medical Allowance for Retired Central Government employees has not been raised to Rs. 2000/- p.m. from the existing Rs. 500/- p.m., resulting continued hardship to Retired Central Government employees who live in remote places and small towns where medical facilities not provided.

The Finance Minister has not spoken on the employees’ demand for abolition of New Pension Scheme.

It is sad to note that the Finance Minister has not given assurance for reviewing the retrograde recommendations of 7th Central Pay Commission although he said that a Committee has been constituted.

The Workers’ of Government Sector, Private as well Unorganized Sectors are disappointed over the Budget announcements.

Mr.Raghavaiah, General Secretary, NFIR has urged upon the Prime Minister to accept Railway Minister’s proposal sent in November, 2015 and see that Railway Employees are exempted from New Pension System.

sd/-

(M.Raghavaiah) 

General Secretary

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ஏமாற்றம் தந்த மத்திய பட்ஜெட் 2016.

Highlights of Union Budget 2016-27

Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public.

Tax

Infrastructure and agriculture cess to be levied.

Excise duty raised from 10 to 15 per cent on tobacco products other than beedis

1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh.

SUVs, Luxury cars to be more expensive. 4% high capacity tax for SUVs.

Companies with revenue less than Rs 5 crore to be taxed at 29% plus surcharge

Limited tax compliance window from Jun 1 - Sep 30 for declaring undisclosed income at 45% incl. surcharge and penalties

Excise 1 per cent imposed on articles of jewellery, excluding silver.

0.5 per cent Krishi Kalyan Cess to be levied on all services.

Pollution cess of 1 per cent on small petrol, LPG and CNG cars; 2.5 per cent on diesel cars of certain specifications; 4 per cent on higher-end models.

Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10 per cent.

Personal Finance

No changes have been made to existing income tax slabs

Rs 1,000 crore allocated for new EPF (Employees' Provident Fund) scheme

Govt. will pay EPF contribution of 8.33% for all new employees for first three years

Deduction for rent paid will be raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses.

Additional exemption of Rs. 50,000 for housing loans up to Rs. 35 lakh, provided cost of house is not above Rs. 50 lakh.

Service tax exempted for housing construction of houses less than 60 sq. m

15 per cent surcharge on income above Rs. 1 crore

Social

Rs. 38,500 crore for Mahtma Gandhi MGNREGA for 2016-17

Swacch Bharat Abhiyan allocated Rs.9,500 crores.

Hub to support SC/ST entrpreneurs

Government is launching a new initiative to provide cooking gas to BPL families with state support.

LPG connections to be provided under the name of women members of family: Rs 2000 crore allocated for 5 years for BPL families.

2.87 lakh crore grants to gram panchayats and municipalities - a quantum jump of 228%.

300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

Four schemes for animal welfare.

Health

2.2 lakh renal patients added every year in India. Basic dialysis equipment gets some relief.

A new health protection scheme for health cover upto 1 lakh per family.

National Dialysis Service Prog with funds thru PPP mode to provide dialysis at all district hospitals.

Senior citizens will get additional healthcare cover of Rs 30,000 under the new scheme

PM Jan Aushadhi Yojana to be strengthened, 300 generic drug store to be opened

Education

Scheme to get Rs.500 cr for promoting entrepreneurship among SC/ST

10 public and 10 private educational institutions to be made world-class.

Digital repository for all school leaving certificates and diplomas. Rs. 1,000 crore for higher education financing.

Rs. 1,700 crore for 1500 multi-skill development centres.

62 new navodaya vidyalayas to provide quality education

Digital literacy scheme to be launched to cover 6 crore additional rural households

Entrepreneurship training to be provided across schools, colleges and massive online courses.

Objective to skill 1 crore youth in the next 3 years under the PM Kaushal Vikas Yojna-FM Jaitley

National Skill Development Mission has imparted training to 76 lakh youth. 1500 Multi-skill training institutes to be set up.

Energy

Rs. 3000 crore earmarked for nuclear power generation

Govt drawing comprehensive plan to be implemented in next 15-20 years for exploiting nuclear energy

Govt to provide incentive for deepwater gas exploration

Deepwater gas new disc to get calibrated market freedom, pre-determined ceiling price based on landed price of alternate fuels.

Investments and infrastructure

Rs. 27,000 crore to be spent on roadways

65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day

Shops to be given option to remain open all seven days in a week across markets.

Rs. 55,000 crore for roads and highways. Total allocation for road construction, including PMGSY, - Rs 97,000 crore

India's highest-ever production of motor vehicles was recorded in 2015

Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 crore

New greenfield ports to be developed on east and west coasts

Revival of underserved airports. Centre to Partner with States to revive small airports for regional connectivity

100 per cent FDI in marketing of food products produced and marketed in India

Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset Management

Govt will amend Motor Vehicle Act in passenger vehicle segment to allow innovation.

MAT will be applicable for startups that qualify for 100 per cent tax exemption

Direct tax proposals result in revenue loss of Rs.1060 crore, indirect tax proposals result in gain of Rs.20,670 crore

Agriculture

Total allocation for agriculture and farmer welfare at Rs 35984 crores

28.5 lakh heactares of land wil be brought under irrigation.

5 lakh acres to be brought under organic farming over a three year period

Rs 60,000 crore for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.

Dedicated irrigation fund in NABARD of Rs.20.000 cr

Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.

Banking

Banks get a big boost: Rs 25,000 crore towards recapitalisation of public sector banks. Jaitley says: Banking Board Bureau will be operationalised, we stand solidly behind public sector banks.

Target of disbursement under MUDRA increased to 1,80,000 crore

Process of transfer of government stake in IDBI Bank below 50% started

General Insurance companies will be listed in the stock exchange

Govt to increase ATMs, micro-ATMs in post offices in next three years

Source: http://www.thehindu.com/business/budget/highlights-of-union-budget-201617/article8295451.ece

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