Budget updates cont…

  1. 40% of withdrawal at the time of retirement under National Pension Scheme to be tax exempt.
  2. Fiscal deficit at 3.5% of GDP in 2016-17.
  3. Rs. 25,000 crore for recapitalisation of public sector banks. General insurance companies owned by the govt to be listed in stock exchanges.
  4. Small shops should be given the choice to remain open on all 7 days a week.
  5. Hub to support SC/ST entrpreneurs.
  6. LPG connection for women members of rural homes.
  7. Infrastructure and agriculture cess to be levied.
Budget updates cont…

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