49% FDI allowed in both Defence and Insurance sector.
2. PSU capital expenditure: Rs 2, 47,000 crore.
3. Urbanisation: Rs 7060 crore provided to create smart cities 4. Cannot spend beyond our means. FM stresses on Fiscal Prudence. 5. 100 crore for modernization of Madarsas. 6. Retrospect taxation: No change to be brought in retrospectively. Govt will be extremely cautious. 7. MNREGA linked to asset creation and agriculture. 8. Metro projects for cities with over 20 lakh population must begin now 9. 5 more IITs and IIMs 10. 4 more AIIMS in Andhra Pradesh, West Bengal, Vidharbha,Purvanchal. Rs 500 crore set aside 11. 12 more medical colleges in government hospitals 12. E- Visa facility at 9 airports for tourism promotion 13. Low cost housing is priority. 4000 crore allocated for that 14. Rs 500 crore price stabilization fund 15. Long term rural credit fund Rs 5000 crore 16. Restructuring of Food Corporation of India to be initiated 17. Toilets and drinking water in all girls' school to begin with. More than Rs 26000 crore set aside 18. Under the 'Pradhanmantri sadak yojna' propose 14,389 cr for development of roads 19. Rs 50548 crore for SC-ST plan 20. Food, oil subsidies to be more targeted 21. Banks: target of Rs 8,00,000 crore to lend to agriculture sector 22. Rs 5000 crore for infrastructure fund in agriculture 23. 16 new port projects. 11,000 crore set up for development of ports 24. 10,000 crore venture capital fund set up for start up companies 25. Slum development to be part of Corporate Social Responsibility. 26. Rs 200 crore for 4 agricultural institutes in 4 states
27. 37,000 crore national highway development
28. Rural fund corpus raised to 30,000 crore 29. 7 new industrial smart cities 30. Warehousing capacity will be increased. Rs.5000 crore will be set aside for this". 31. 15,000 KM of gas pipelines to be developed. 32. Bulk of service sector also SMEs. Majority run by SC ST OBC. Financing is important. Need to examine financial architecture of this sector. Set up committee to give suggestion in 3 months. FM 33. All the Govt departments and ministries will be integrated through E-platform by 31 Dec this year 34. Banks: target of Rs 8,00,000 crore to lend to agriculture sector 35. Short term crop loan: Farmers to get further incentive of 3% for farmers who pay on time. Was already getting loan at 7%. 36. Textile Mega Clusters in Varanasi and 5 other cities 37. Defence budget Rs 2,29,000 crore for the remaining of the year 38. Capital Outlay for defence increased by Rs 5,000 crore 39. Rs 2037 crore for Ganga Cleaning Project 40. 20 industrial clusters to be set up 41. Rs 4,200 crore for Inland Navigation 42. 2250 crore for border security 43. Sports University in Manipur Rs 100 crore allocated. 44. 500 crore for displaced Kashmiri migrants 45. 200 crore for power reforms and 500 crore for water reforms in Delhi. 46. No change in Direct Tax rates 47. Personal Income Tax Exemption raised from Rs 2 lakh to Rs 2.5 Lakh 48. Interest on Housing Loan Deductions raised from Rs 1.5 lakh to Rs 2 lakh. 49. Investment Limit under section 80C raised from Rs 1 lakh to Rs 1.5 lakh 50. Investment Allowance Incentive of 15% for investments above Rs 25 crore 51. Excise duties and Customs have been reduced on several items to boost manufacturing