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Posted: 28 Apr 2019, 08:54By Wu Qiang
NEW DELHI , Feb. 28 (Xinhua) -- The Bharatiya Janata Party (BJP) government under Prime Minister Narendra Modi Saturday introduced to the Parliament its full-year budget for the fiscal year 2015-16, marked by what officials call "progressive, positive, and practical" intentions.
Finance Minister Arun Jaitley presented the budget to the joint session of two houses of Parliament, announcing a series of measures to help push growth and reform to better capitalize the tax system, reinforcing social and health protection, upstaging education , encouraging technology and innovation, and supporting farmers.
Prime Minister Modi said the budget is "pro-poor, pro-growth, pro-middle class, pro-youth and paradigm shifting."
Vowing to "wipe every tear from every eye," the Modi government is targeting the growth rate of eight percent by the end of the next fiscal year, while working to lift millions out of poverty , offering social protection to the vulnerable, and providing education, skills and jobs to the youth.
On the growth side, one big initiative is to reduce tax for corporations from the current 30 percent to 25 percent in five years so that private corporations could play a more active role in bringing about growth, creating jobs and participating in the " Make in India" scheme, the brain child of the BJP government.
In the meantime, with 70 percent of the country's population living in rural areas , the government promised to infuse 137 billion U.S. dollars into agriculture credit programs to help farmers survive and develop.
The latest economic survey showed the country's agriculture is on the good track and being stabilized despite lack of monsoon rains last year. However, industrial growth is on decline due to absence of investment by private companies.
As a kind of stimulus package, 11.2 billion U.S. dollars of public spending would be spent on infrastructure construction, badly needed for the country's ever expanding economy.
The over-dependence on public spending, however, could also hamper efforts for fiscal consolidation by the government which is trying to reduce public deficit by three percent of the GDP within years.
On the other hand, the educational and social aspects in the budget have won a lot of positive appraisals. Some say they have provided a comprehensive vision for the country through education , jobs, skill training, technology development and health programs.
At least three new campuses for the country's best science and technology universities will be set up and students will have access to easier financial help and scholarships. Funds will be available for start ups and enterprises in technological sector, while customs duties will be reduced for some commodities needed to domestic manufacturing, says the budget.
Health protection will also be widened for the poor, disabled and elderly, according to the budget. Jobs for at least one member of one family must also be a must by 2022 , according to the government.
At the same time, the government also vows to hit black money very hard by imposing 10-year jail terms for the convicted. Companies evading tax will be given 300 percent penalty. Income tax will be by two percent on the super-rich with income above 10 million rupees (161,300 U.S. dollars) annually.
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The unique Swatch Wrist watches had been made up of circular knobs within plastic material instances, along with vibrantly colored amounts, fingers, as well as coordinating plastic material arm shoulder straps. The current edition of this well-liked selection are available in the initial Gent collection, a few along with image geometric styles as well as inside a kaleidoscope associated with colors , which range from palest light towards the wildest fluorescents tone. You will find Swatch Wrist watches to complement each and every event as well as adorn any kind Breitling replica Bentley of clothes right into a enjoyable, thrilling style declaration.
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NEW DELHI , Feb. 28 (Xinhua) -- The Bharatiya Janata Party (BJP) government under Prime Minister Narendra Modi Saturday introduced to the Parliament its full-year budget for the fiscal year 2015-16, marked by what officials call "progressive, positive, and practical" intentions.
Finance Minister Arun Jaitley presented the budget to the joint session of two houses of Parliament, announcing a series of measures to help push growth and reform to better capitalize the tax system, reinforcing social and health protection, upstaging education , encouraging technology and innovation, and supporting farmers.
Prime Minister Modi said the budget is "pro-poor, pro-growth, pro-middle class, pro-youth and paradigm shifting."
Vowing to "wipe every tear from every eye," the Modi government is targeting the growth rate of eight percent by the end of the next fiscal year, while working to lift millions out of poverty , offering social protection to the vulnerable, and providing education, skills and jobs to the youth.
On the growth side, one big initiative is to reduce tax for corporations from the current 30 percent to 25 percent in five years so that private corporations could play a more active role in bringing about growth, creating jobs and participating in the " Make in India" scheme, the brain child of the BJP government.
In the meantime, with 70 percent of the country's population living in rural areas , the government promised to infuse 137 billion U.S. dollars into agriculture credit programs to help farmers survive and develop.
The latest economic survey showed the country's agriculture is on the good track and being stabilized despite lack of monsoon rains last year. However, industrial growth is on decline due to absence of investment by private companies.
As a kind of stimulus package, 11.2 billion U.S. dollars of public spending would be spent on infrastructure construction, badly needed for the country's ever expanding economy.
The over-dependence on public spending, however, could also hamper efforts for fiscal consolidation by the government which is trying to reduce public deficit by three percent of the GDP within years.
On the other hand, the educational and social aspects in the budget have won a lot of positive appraisals. Some say they have provided a comprehensive vision for the country through education , jobs, skill training, technology development and health programs.
At least three new campuses for the country's best science and technology universities will be set up and students will have access to easier financial help and scholarships. Funds will be available for start ups and enterprises in technological sector, while customs duties will be reduced for some commodities needed to domestic manufacturing, says the budget.
Health protection will also be widened for the poor, disabled and elderly, according to the budget. Jobs for at least one member of one family must also be a must by 2022 , according to the government.
At the same time, the government also vows to hit black money very hard by imposing 10-year jail terms for the convicted. Companies evading tax will be given 300 percent penalty. Income tax will be by two percent on the super-rich with income above 10 million rupees (161,300 U.S. dollars) annually.
Introduced within 1983, the actual Swatch View created it’s effect on view users all over the planet. Exhibiting leading edge visible styles as well as attention-getting colors, Swatch Wrist watches had been an enormous achievement as well as grew to become style claims possessed through huge numbers of people. The actual Swatch View, produced by Nicholas Grams. Hayek, co-founder from the Switzerland Swatch Team , had been the very first associated with it’s kind–a light-weight, inexpensive view along with just fifty-one elements which offered reliable, top quality overall performance within an analogue call. These days the actual Swatch Team may be the biggest view organization on the planet.
The unique Swatch Wrist watches had been made up of circular knobs within plastic material instances, along with vibrantly colored amounts, fingers, as well as coordinating plastic material arm shoulder straps. The current edition of this well-liked selection are available in the initial Gent collection, a few along with image geometric styles as well as inside a kaleidoscope associated with colors , which range from palest light towards the wildest fluorescents tone. You will find Swatch Wrist watches to complement each and every event as well as adorn any kind Breitling replica Bentley of clothes right into a enjoyable, thrilling style declaration.
Expression is actually input Swatch’s CreArt selection, created by several well-known artists as well as sculptors as well as produced using their personal creative strategy. Wrist watches tend to be protected within daring colors associated with character types, human being designs for example skateboarders, flower as well as graffiti designs. These types of fancyful, surreal as well as stunning pictures may attract artwork enthusiasts almost everywhere.
In add-on towards the well-liked plastic material Swatch Wrist watches, Swatch additionally has a type of aluminum wrist watches within obvious steel colors for example azure , red-colored as well as eco-friendly. With regard to males that just like a traditional appear, Swatch provides the actual Paradox selection, as well as for all those energetic within sports activities, Swatch provides water-resistant chronograph wrist watches, for example it’s plunge view, tolerating absolute depths as much as two hundred yards.
Creativity proceeds along with revolutionary utilization of view supplies to suit a number of life styles as well as prices, as well as for ladies that appreciate twinkle within their wrist watches , you will find rest.