Friday, July 18, 2014

HIGHLIGHTS OF UNION BUDGET 2014-15


KEY HIGHLIGHTS OF UNION BUDGET 2014-15:
Taxation
Personal tax exemption limit raised to Rs 2.5 lakh from current Rs 2 lakh for taxpayers    below 60 years
Senior citizens exemption limit hiked from Rs 2.5 lakh to Rs 3 lakh
No change in surcharge for corporates , individuals
Education cess to stay at current 3%
Investment limit under 80C hiked to Rs 1.5 lakh from current Rs 1 lakh
Exemption on housing loans interest on self- occupied pro increased from Rs 1.5 lakh to 2 lakh
The people of India have decisively voted for change
India unhesitatingly desires to grow
We look forward to lower levels of inflation
The country is no mood to suffer from unemployment, lack of infrastructure and apathetic governance
The continuing slowdown in emerging economies has posed threat to global economic recovery
Slow decision-making has led to slow growth
Steps announced in the budget are aimed for sustained growth of 7-8% within the next three-four years
It would not be wise to expect that the same can be done and must be done in the first budget being presented within the first 45 days of the new govt
We will leave no stone unturned to create an vibrant and strong India
Will lay down broad policy indicators in the budget
We cannot spend beyond our means, we needs to follow fiscal prudence

Modified Rajasthan Budget 2014-15

Rajasthan Government declared Camel as the State animal


State Government of Rajasthan on 30 June 2014 declared Camel as the State animal. The step has been taken to check the diminishing number of camels in the State.

The decision to declare Camel as State Animal was taken during a State Cabinet meet held in Bikaner on the last day of Sarkar Aapke Dwar campaign. The Cabinet meet was chaired by Vasundhara Raje, the Chief Minister of Rajasthan.

Camel as an animal provide livelihood to numerous people of Rajasthan and is called as a ship of desert. However, over the years these animals are slaughtered for its meat and are also illegally transported to neighbouring states. Camels are also killed as part of sacrifice in several districts of the Rajasthan. As a result, the camel population in Rajasthan has dwindled sharply.


As per the Livestock Census data, 668000 camels were recorded in 1997 which has gone down to 498000 in 2003. This means 25 percent decrease in a period of five years. In the next five year census data, the population went down by 13.5 percent to 430426. The census also highlighted that the population during 2003-08 period increased in Jaisalmer district.

Thus, besides declaring Camel as the State Animal, the State government is also in a process to draft a new law that bans slaughter, illegal trade and transportation of camels. The step includes camel milk in its food security programme and fast disappearing grazing areas leading to severe food crisis for camels.