Railway Ministry Implements 39 Railway Budget Announcements in Just 36 Days of the Current Financial Year Displaying Unprecedented Pace of Implementation

Though only 36 days have passed in the current financial year 2015-16 (1st April, 2015 to 30th March, 2016), 39 announcements have so far been implemented which are listed below:-

1. New department for housekeeping created. It will address the issue of cleanliness in a more integrated and coordinated manner.

2. Disposable bags for garbage disposal have been started as a pilot project in Mumbai-Amritsar Punjab mail.

3. New non-AC coaches being manufactured in ICF have dustbins from 1st of May, 2015.

4. NIFT, Delhi has been engaged for designing of bedroll etc.

5. 03 new mechanized laundries have been started at Kochiveli, Malda town and Santragachhi to supply clean linen taking total of such laundries to 33. Twenty nine more locations have been identified.

6. Passenger Helpline 138 already functional. It will work as an interface for queries/complaints related to medical emergency, cleanliness, food & catering, coach maintenance, linen etc.

7. Security Helpline 182 already functional to report any unsavoury incidents. This service is very important public service and may play an important role in emergencies like crime against women, onboard unlawful activity, train accidents, medical attention required and fire etc.

8. An application and a portal to redress railway related complaints has been developed where online tracking of complaints is also possible.

9. Operation 5 minutes launched i.e. to purchase unreserved tickets within 5 minutes. It has been launched as pilot project on Chennai suburban railway where passengers can buy paperless unreserved tickets on their mobile.

10. Instructions have been issued for differently-abled travelers to purchase concessional E-tickets after one time registration.

Benefits to Middle Class Tax Payers in the Budget 2015-16

The Union Minister of Finance  Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax administration. He said, with a view to encourage savings and to promote health care among individual tax payers, it is proposed to increase the limit of reduction of health insurance premium from Rs 15,000 to Rs 25,000 and for senior citizen this limit is increase 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.

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.

The Finance Minister Shri 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.

Details of tax deductions proposed are as follows: ·

Deduction u/s 80C      Rs 1,50,000 

Deduction u/s 80CCD  Rs 50,000 

Deduction on account of interest on house property loan (Self occupied property) Rs 2,00,000 ·

Deduction u/s 80D on health insurance premium       Rs 25,000 

Exemption of transport allowance    Rs 19,200

Total  Rs 4,44,200