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Delhi Budget 2016: VAT rate slashed to 5% from existing 12.5%; clothes, sweets to get cheaper

Presenting Budget for financial year 2016-17, Deputy Chief Minister Manish Sisodia, who holds the finance portfolio, on Monday slashed the Value Added Tax (VAT) rate from 12.5 percent to 5 percent.


Delhi Budget 2016: VAT rate slashed to 5% from existing 12.5%; clothes, sweets to get cheaper

Zee Media Bureau

New Delhi: Presenting Budget for financial year 2016-17, Deputy Chief Minister Manish Sisodia, who holds the finance portfolio, on Monday slashed the Value Added Tax (VAT) rate from 12.5 percent to 5 percent.

Keeping the Rs 46,600 crore annual budget for 2016-17, Delhi government pegged the Plan outlay at Rs 20,600 crore.

 

Here are the Key Highlights of Delhi Budget 2016.

- VAT rates slashed from 12.5 percent to 5 percent

These things will become cheaper:

e rickshaws, battery operated vehicles

Hybrid vehicles

Sweets, snacks and savoury items

All ready-made garments

Marbles

 

- Registered 17 percent growth in total revenue in 2015-16

- Encouraging ease of doing business

-Art, culture & language to be boosted by expenditure of Rs 54 cr in Delhi in the year 2016-17

- 100 cr allocated for delivering basic amenities to the Jhuggi Bastis

- "Bill Banao Inam Pao" Scheme has helped eliminate tax evasion. 1 Cr extra tax collected last month

- When you enter Delhi, you will soon see a different view. Gazipur & Dhaula Kuan to be beautified: Sisodia

- 90% of Delhites are getting billed halved, 1600Cr Proposed to continue this

- All roads to be constructed by next year, in every colony

- Propose Rs 676 crore in 2016-17 for making pipeline in 300 unauthorised colonies

- By 2017 every household will have access to cleaned water

- Propose to open 3 new hostels for working women

- People started saving water, to stay below the limit. Everyone going for DJB meters! Result: 118 cr more revenue collected

- 5,500 appointments of new teachers in its final phase. 9,623 new posts for teachers approved

- Rs 152 cr for realizing the dream of Late Dr. A.P.J. Abdul Kalam, of skill training

- From 1 February, all medicines & checkups free in Delhi Hospitals for all

- Last mile connectivity & pollution to be tackled together by increasing subsidy on e-rickshaws from Rs 15,000 to Rs 30,000

- 8.4% of the budget dedicated towards Transport Sector to tune of Rs 1,735Cr, thereby helping common man commute easily

- Despite giving 20K litre monthly free water, profit of DJB went up by 178 cr. People also started saving water

- Elevated roads coming from Anand Vihar to Peeragarhi will be a game changer for commuters

- Deployment of 4,000 marshals in DTC buses

- All DTC and cluster buses to have WiFi, GPS and CCTVs

- 10,000 new hospital beds to drastically reduce the waiting time for patients

- Vacuum cleaning of roads

- Propose inclusion of cycle lanes along both sides of outer ring road of Delhi

- 2000 new cluster buses and non AC buses to take some load of Delhi metro

- Rs 763 cr boost for Delhi metro and 517 more metro buses on 93 routes

- Propose funds worth 763 crores for DMRC

- New ISBT proposed to be made in Dwarka

- Propose addition of 1000 new cluster buses & 1000 new premium buses in Financial year 2016-17

- Percentage of Health Expenditure has never reached double digit under any Govt in last 15 years, But we have done that

- Propose Rs 350 crore towards realising the dream of Mohalla Sabhas in 2016

- Our 3-tier Healthcare system involves Mohalla Clinics in 3rd Tier, Polyclinics in 2nd tier and Hospitals in 1st tier

- We are providing healthcare at doorsteps through Mohalla Clinic

- Every year Centre has been decreasing Education Budget, But Delhi govt allocates highest proportion for education, says Sisodia

- 5.57 lakh card holders get benefit from e-ration card facility

- Govt to soon launch ration card portability

- Will soon launch Aam aadmi canteen

- Digital health card for everyone

- 200 types of useless affidavits have been scrapped by Delhi Govt which used to bother citizens needlessly

- Govt to allocate Rs 152 cr for vocational training

- Propose 10,690 Cr for educational Budget, that is, 23% of whole Budget and is highest among all Govts

- Intend to get our teachers to be trained in best facilities, which includes Howard University too

- GSTP has witnessed 13 percent growth

- Delhi has contributed 4.02 percent growth to overall GDP

- Per-capita income in Delhi will go up to Rs 2,80,142 in the next financial year

-Delhi's Per Capita Income increases by 11%. This is 3% more than the national average

- 31 percent growth in excise in FY15-16

- 17 percent growth in VAT in FY15-16

- 21 percent growth stamp registration in FY15-16

- Budget estimate for FY 16-17 Rs 46,600 crore

- Planned expenditure for FY 16-17 Rs 20,600 cr

- Unplanned expenditure for FY 16-17 Rs 26,000 cr

- Tax revenue for FY 16-17 Rs 36.525 cr

- Non-tax revenue for FY 16-17 Rs 996 cr

- Capital gains for FY 16-17 Rs 381 cr
 
- Small saving loan for FY 16-17 Rs 3,174 cr

- VAT for FY 16-17 Rs 1,400  cr

 

 

 

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