1. GST will put in place a state-of-the-art indirect tax system by 1st April, 2016. 2. Pradhan Mantri Suraksha Bima Yojna to be launched to cover accidental death risk of 2 lakh for a premium of just 12 per year 3. Atal Pension Yojana, to provide a defined pension, depending on the contribution, and its period. To encourage people to join this scheme, the Government will contribute 50% of the beneficiaries’ premium limited to `1,000 each year, for five years, in the new accounts opened before 31st December, 2015 4. Pradhan Mantri Jeevan Jyoti Bima Yojanato covers both natural and accidental death risk of `2 lakhs. The premium will be `330 per year, or less than one rupee per day, for the age group 18-50 5. New scheme for providing Physical Aids and Assisted Living Devices for senior citizens, living below the poverty line 6. Scheme 'Nai Manzil’ to be launched this year to enable Minority Youth who do not have a formal school-leaving certificate to obtain one and find better employment. 7. Employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, contribution to EPF should be optional, without affecting or reducing the employer’s contribution 8. With respect to ESI, the employee should have the option of choosing either ESI or a Health Insurance product, recognized by the Insurance Regulatory Development Authority (IRDA) 9. Gold Monetisation Scheme to be launched which will replace both the present Gold Deposit and Gold metal Loan Schemes. The new scheme will allow the depositors of gold to earn interest in their metal
1. GST will put in place a state-of-the-art indirect tax system
by 1st April, 2016.2. Pradhan Mantri Suraksha Bima Yojna to be
launched to cover accidental death risk of 2 lakh for a premium of
just 12 per year3. Atal Pension Yojana, to provide a defined
pension, depending on the contribution, and its period. To
encourage people to join this scheme, the Government will
contribute 50% of the beneficiaries premium limited to `1,000 each
year, for five years, in the new accounts opened before 31st
December, 20154. Pradhan Mantri Jeevan Jyoti Bima Yojanato covers
both natural and accidental death risk of `2 lakhs. The premium
will be `330 per year, or less than one rupee per day, for the age
group 18-505. New scheme for providing Physical Aids and Assisted
Living Devices for senior citizens, living below the poverty line6.
Scheme 'Nai Manzil to be launched this year to enable Minority
Youth who do not have a formal school-leaving certificate to obtain
one and find better employment.7. Employee may opt for EPF or the
New Pension Scheme (NPS). Secondly, for employees below a certain
threshold of monthly income, contribution to EPF should be
optional, without affecting or reducing the employers
contribution8. With respect to ESI, the employee should have the
option of choosing either ESI or a Health Insurance product,
recognized by the Insurance Regulatory Development Authority
(IRDA)9. Gold Monetisation Scheme to be launched which will replace
both the present Gold Deposit and Gold metal Loan Schemes. The new
scheme will allow the depositors of gold to earn interest in their
metal accounts and the jewelers to obtain loans in their metal
account. Banks/other dealers would also be able to monetize this
gold10. Measures to be introduced to incentivize credit or debit
card transactions, and disincentivise cash transactions.11.
Distinction between different types of foreign investments to be
done away, especially between foreign portfolio investments and
foreign direct investments12. Fight against the scourge of black
money to be continued.13. GST to be imlemented from next year - See
more at:
http://abcaus.in/incometax/Budget2015-16/incometax-servicetax-key-changes-highlights.html#sthash.Ffs5kCFi.dpuf
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