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49% FDI allowed in both Defence and Insurance sector.

2. PSU capital expenditure: Rs 2, 47,000 crore.

3. Urbanisation: Rs 7060 crore provided to create smart cities
4. Cannot spend beyond our means. FM stresses on Fiscal Prudence.
5. 100 crore for modernization of Madarsas.
6. Retrospect taxation: No change to be brought in retrospectively. Govt will be extremely cautious.
7. MNREGA linked to asset creation and agriculture.
8. Metro projects for cities with over 20 lakh population must begin now
9. 5 more IITs and IIMs
10. 4 more AIIMS in Andhra Pradesh, West Bengal, Vidharbha,Purvanchal. Rs 500 crore set aside
11. 12 more medical colleges in government hospitals
12. E- Visa facility at 9 airports for tourism promotion
13. Low cost housing is priority. 4000 crore allocated for that
14. Rs 500 crore price stabilization fund
15. Long term rural credit fund Rs 5000 crore
16. Restructuring of Food Corporation of India to be initiated
17. Toilets and drinking water in all girls' school to begin with. More than Rs 26000 crore set aside
18. Under the 'Pradhanmantri sadak yojna' propose 14,389 cr for development of roads
19. Rs 50548 crore for SC-ST plan
20. Food, oil subsidies to be more targeted
21. Banks: target of Rs 8,00,000 crore to lend to agriculture sector
22. Rs 5000 crore for infrastructure fund in agriculture
23. 16 new port projects. 11,000 crore set up for development of ports
24. 10,000 crore venture capital fund set up for start up companies
25. Slum development to be part of Corporate Social Responsibility.
26. Rs 200 crore for 4 agricultural institutes in 4 states

27. 37,000 crore national highway development

28. Rural fund corpus raised to 30,000 crore
29. 7 new industrial smart cities
30. Warehousing capacity will be increased. Rs.5000 crore will be set aside for this".
31. 15,000 KM of gas pipelines to be developed.
32. Bulk of service sector also SMEs. Majority run by SC ST OBC. Financing is important. Need to
examine financial architecture of this sector. Set up committee to give suggestion in 3 months. FM
33. All the Govt departments and ministries will be integrated through E-platform by 31 Dec this year
34. Banks: target of Rs 8,00,000 crore to lend to agriculture sector
35. Short term crop loan: Farmers to get further incentive of 3% for farmers who pay on time. Was
already getting loan at 7%.
36. Textile Mega Clusters in Varanasi and 5 other cities
37. Defence budget Rs 2,29,000 crore for the remaining of the year
38. Capital Outlay for defence increased by Rs 5,000 crore
39. Rs 2037 crore for Ganga Cleaning Project
40. 20 industrial clusters to be set up
41. Rs 4,200 crore for Inland Navigation
42. 2250 crore for border security
43. Sports University in Manipur Rs 100 crore allocated.
44. 500 crore for displaced Kashmiri migrants
45. 200 crore for power reforms and 500 crore for water reforms in Delhi.
46. No change in Direct Tax rates
47. Personal Income Tax Exemption raised from Rs 2 lakh to Rs 2.5 Lakh
48. Interest on Housing Loan Deductions raised from Rs 1.5 lakh to Rs 2 lakh.
49. Investment Limit under section 80C raised from Rs 1 lakh to Rs 1.5 lakh
50. Investment Allowance Incentive of 15% for investments above Rs 25 crore
51. Excise duties and Customs have been reduced on several items to boost manufacturing