Union Budget 2015, Should Embrace !Top Stories

February 28, 2015 10:15
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Finance Minister Arun Jaitley will present, Narendra Modi government’s first full-fledged budget today at 11 AM. There are many expectations from common strata, who have loaded with ample of election promises, and business class for energizing India and reviving Indian Economy.

With the experience of railway budget presented two days back and the positive note of Economic Survey Report for 2014-2015, which hinted the growth rate over 8.1 percent, we can predict some variety or different budget, which can put India on track with practically viable mechanisms and schemes.

The IT exemption limit should be increased to at least Rs. 4 Lakhs for satisfying the middle class and the FM should focus on expanding the scope of Leave Travel Allowance (LTA) and allow people to claim tax benefit every year.

FM should announce greater tax relief for payment of interest and principal on housing loans for encouraging construction, housing and allied sectors. Union Budget 2015 should also come across clear route map for creating employment opportunities and facilitating the skill development hubs across the country proportionate with the youth population.

The Budget 2015, should make a note on the start-up ventures and e-commerce strengthening programmes and also come across provision of collecting taxes from e-commerce firms.

The Budget for 2015-2016 should be a big push for Modi’s flagship programmes like Make In India, Digital India, Swachch Bharat and should mention appropriate tax slabs in accordance with the current financial requirements of every house hold.

A comprehensive packages and notes should be available in the Union Budget 2015 on Smart Cities, IT boosting centres, Industries, GST, Education sector, basic infrastructural amenities for the Indian population, and coverage of health enhancing policies.

-Kannamsai

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