Jharkhand CM Raghuvar Das hails Union Budget 2015
Schemes like Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana and others would extend benefit to the common man, CM said.
By PTI | Updated:
JAMSHEDPUR: Jharkhand Chief Minister Raghuvar Das today hailed the union budget, saying that this would give impetus to infrastructure development in the country.
"The Budget is according to the needs of the country and addressed all sections of the society," Das said in a statement.
Besides serving the interests of all segments including industry, middle class, weaker sections and women's security, the Rs 25,000 crore allocation for rural development is a major step, he said.
The 'Nayee Manzil' scheme for youths of minority community was a historic step, Das said adding hike in the Nirbhaya Fund from Rs 1000 crore to Rs 2000 crore and making 'Sukanya Smrudhi' tax-free expressed the government's commitment for the security of women.
Schemes like Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana and others would extend benefit to the common man, the chief minister said.
Das, also a senior BJP leader, said the budget also addressed the needs of the Corporate sector to promote business and generate employment.
"The Budget is according to the needs of the country and addressed all sections of the society," Das said in a statement.
Besides serving the interests of all segments including industry, middle class, weaker sections and women's security, the Rs 25,000 crore allocation for rural development is a major step, he said.
The 'Nayee Manzil' scheme for youths of minority community was a historic step, Das said adding hike in the Nirbhaya Fund from Rs 1000 crore to Rs 2000 crore and making 'Sukanya Smrudhi' tax-free expressed the government's commitment for the security of women.
Schemes like Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana and others would extend benefit to the common man, the chief minister said.
Das, also a senior BJP leader, said the budget also addressed the needs of the Corporate sector to promote business and generate employment.
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The limit of reduction of health insurance premium was enhanced from Rs 15,000 to Rs 25,000. For senior citizens this limit has been increased from Rs 20,000 to Rs 30,000.
"For senior citizen above the age of 80 years, not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure. Deduction limit of Rs 60,000 on expenditure on account of specified diseases is enhanced to Rs 80,000 in the case of senior citizens," Jaitley said.
Additional deduction of Rs 25,000 is allowed for differently-abled persons, increasing the limit from Rs 50,000 to Rs 75,000. It is also proposed to increase the limit of deduction from Rs 1 lakh to Rs 1.25 lakh in case of severe disability.
Jaitley also proposed to provide that investment in Sukanya Samriddhi Scheme will be eligible for deduction under section 80C of the income-tax and any payment from the scheme shall not be liable to tax.
Limit on deduction on account of contribution to a pension fund and the new pension scheme is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh.
Additional deduction of Rs 50,000 will be allowed for contribution to the new pension scheme u/s 80 CCD increasing from Rs 1 lakh to Rs 1.5 lakh.
"For senior citizen above the age of 80 years, not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure. Deduction limit of Rs 60,000 on expenditure on account of specified diseases is enhanced to Rs 80,000 in the case of senior citizens," Jaitley said.
Additional deduction of Rs 25,000 is allowed for differently-abled persons, increasing the limit from Rs 50,000 to Rs 75,000. It is also proposed to increase the limit of deduction from Rs 1 lakh to Rs 1.25 lakh in case of severe disability.
Jaitley also proposed to provide that investment in Sukanya Samriddhi Scheme will be eligible for deduction under section 80C of the income-tax and any payment from the scheme shall not be liable to tax.
Limit on deduction on account of contribution to a pension fund and the new pension scheme is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh.
Additional deduction of Rs 50,000 will be allowed for contribution to the new pension scheme u/s 80 CCD increasing from Rs 1 lakh to Rs 1.5 lakh.
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