Citizens' Issues
Mumbai suburban network and the rail budget

By talking of Bullet Trains and super-fast ones and 864 EMUs, is the Railway Minister trying to tell “acche din ane wale hain”, while not addressing the immediate problems of over 75 lakh daily commuters of Mumbai's suburban rail network?

The Narendra Modi government presented an interesting Railway Budget for 2014-15, epitomized, as far as Mumbai was concerned, by Kirit Somaiya, the newly elected Bharatiya Janata Party's member of Parliament (MP) from Mumbai North East. While the spokespersons and leaders of opposition parties were critical and the Mumbai commuter expressed disappointment, Somaiya tried to show misplaced positives of what Mumbai was getting. He said that Mumbai will get connected to Ahmedabad by Bullet train and 6 new trains introduced. He said there would be 33% enhancement in local train capacity in three to five years. He talked of raising of platform heights, and to prevent the 15 deaths and 25 injuries that occur daily, the opening and closing of doors and more Foot Over Bridges (FOBs) will be installed. Toilets at every station have also been promised. Rahul Shewale, Shiv Sena's MP,  sounded less enthusiastic but repeated what the Railway Minister said, that they were introducing 864 electric multiple unit or EMU ‘trains’.

The Railway Minister DV Sadananda Gowda’s budget speech began with plenty of statistics of how many projects were commenced and how few were implemented by the Railways in the past decade. Keeping with Modi Government’s emphasis on raising aspirations, the Minister announced an impetus to the super-fast or Bullet train from Mumbai to Ahmedabad and nine super-fast trains connecting metro cities. Obviously these are not projects that will get completed in a hurry, considering the costs involved and funds available with railways. But for that, the minister has come up with an ‘innovative financing’ concept of private-public-partnership (PPP) and foreign direct investment (FDI).

PPP is a good way to execute projects with private investment and entrepreneurship getting them completed without overruns in time or money. But what is the experience in such large infrastructure projects? Take Mumbai Metro One, the 11.4kms line that took eight years for completion with innumerable missed deadlines. Going by the original cost estimate, it should have cost Rs1,500 crore but the bid price came to Rs2,356 crore, with a viability gap funding of Rs650 crore. For unexplained reasons, the costs have increased to Rs4,321 crore on which Reliance Infra, the private partner, is seeking reimbursement. The costs of food and beverage with the vendors at the concourse levels are already exorbitant. (Read: Mumbai Monorail: Tall claims & the reality
Are public service projects under PPP going to take such direction of exclusivity? It gives the feeling that such projects are nothing short of 5Ps i.e. Pilferage of Public Properties by Private Parties.
Coming back to Mumbai, mentioning 864 EMUs rather than 72 EMU rakes for Mumbai suburban railway indicates an effort to impress that “acche din aa rahe hain” (better days are coming). The fact is that these 72 EMU rakes are part of the Mumbai Urban Transport Project (MUTP), conceived a decade ago and is nothing new – just the allocation of funds for it, which is anyway coming from the World Bank to Mumbai Rail Vikas Corp (MRVC). Under MUTP, converting nine coach trains to 12 coach trains and improving signal system and power supply from direct current (DC) to alternating current (AC) was to lessen the crowd density in coaches by 35%. Secondly, the 72 new EMU rakes are being introduced into the system and some older rakes are being retired. Another point to note is that the daily commuter volume was 60 lakh when the MUTP was conceived and now it is over 75 lakh, an increase of almost 25%. Thus, the net effect is that the commuter density has not reduced as significantly as the increase in capacity that is planned.

Since there was no mention of the Churchgate-Virar elevated AC Rail Project in the budget, the folly of the project has been realized early thankfully. As far as Mumbai city and suburbs are concerned, there is hardly any scope to augment commuter carrying capacity in the railway services. Whatever needs to be done, has to be done in the Mumbai Metropolitan Area and the Budget does not even mention it.

Raising of platforms to reduce the vertical gap between the platform level and the EMU coach floor has been mentioned. When that is completed, the gap between the floor level of empty rake and the platform level will still be as much as 300 to 320 millimetres (mms) and that of fully loaded coach will be just about 25-30mms lesser.

Railway Minister Gowda has mentioned that station amenities will be improved, provided with facilities like toilets and food courts, and the system will be made friendly to differently abled persons. While there are proposals to put escalators and lifts in place, the last link, that of boarding and alighting has not been mentioned. Somaiya, the MP, who has been a campaigner for raising the platform levels for some time now, has perhaps no idea that by facilitating level boarding, several commuter issues get  addressed. (Read: Making the Railways friendly for the disabled –Part I  )

Somaiya has gone on record by saying that there are 15 fatal and 25 injury causing accidents on the Mumbai suburban rail network every day. This may be a little exaggerated but the real numbers aren't much lower. While automatic door closing facility will no doubt bring down this number significantly, it will be at the cost of about 1,000 commuters, who will not be able to board a train in peak period. With about 50 services per hour, the number of commuters being ‘left behind’ for providing this safety facility comes to about 50,000. The current railway projects will not be able to meet this requirement. Even then, the commuter density within the coach will continue to be very high.

Metro Rail is estimated to provide a capacity of 72,000 persons per hour. This will naturally be adequate to accommodate the ‘left behind’ commuters. But the question is when will this facility be available? Going by the construction time of Metro One mentioned above, the entire Metro master plan will take 70 years, yes, 70 years!

As far as Mumbai is concerned, the initiative has to come from the Government of Maharashtra and Ministry of Urban Development, Government of India, and not Rail Bhavan.

As far as the PPP model of executing projects is concerned, the agreement must be transparently firmed up with public (citizens) participation or scrutiny, lest PPP becomes a PPPPP.

On FDI issue, it has to be in line with PPP.

(Sudhir Badami an IIT Bombay graduate in  Civil & Structural Engineering, is a Transportation Analyst. He is on Government of Maharashtra’s Steering Committee on BRTS for Mumbai and Mumbai Metropolitan Region Development Authority’s Technical Advisory Committee on BRTS for Mumbai. He is also member of Research & MIS Committee of Unified Mumbai Metropolitan Transport Authority. He was member of Bombay High Court appointed erstwhile Road Monitoring Committee (2006-07). He is member of the Committee Constituted by the Bombay High Court for making the Railways, especially the Suburban Railways System Friendly towards Persons with Disability.)




3 years ago

real issue is Population Explosion.
Control Birth,
Control Marriage
China achieved ...
Just Bullet trains are not the dream, for India, it is illusion.
India needs Licensed Marriage, and Birth ...


3 years ago

Hi Sudhir,

Great analysis with focus on Mumbai commuter.

But end of the day , is the commuter in Mumbai willing to pay for any this ?


BUDGET 2014: What is in it for you?

Jaitley's direct tax proposals are bound to bring some relief to millions of salaried employees who will gain from an increase in the income tax exemption limits to Rs2.5 lakh, while the limit under Section 80C has also been increased to Rs1.5 lakh

Finance Minister Arun Jaitley, while presenting his maiden budget said, decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by society. Country is in no mood to suffer unemployment, inadequate basic amenities, lack of infrastructure and apathetic governance, he added.


Jaitley said, “The situation is challenging, due to sub 5% growth and double digit inflation. Continued slow-down in many emerging economies is a threat to sustained global recovery. A recovery was visible with the growth rate of world economy projected at 3.6 per cent in 2014 vis-à-vis in 2013.”


“First budget of this NDA government to lay down broad policy indicators of the direction in which we wish to take this country. Steps announced are only the beginning of the journey towards a sustained growth of 7-8% or above within the next 3-4 years, along with macro-economic stabilization. Growing aspirations of people will be reflected in the development strategy of the Government led by the prime minister Narendra Modi and its mandate of 'Sab ka Saath Sab ka Vikas',” the Finance Minister added.


Deficit and Inflation

Decline in fiscal deficit from 5.7% in 2011-12 to 4.5% in 2013-14 was mainly achieved by reduction in expenditure rather than by way of realization of higher revenue. Improvement in current account deficit from 4.7% in 2012-13 to year end level of 1.7% was mainly achieved through restriction on non-essential imports and a slow-down in overall aggregate demand. He stressed the need to keep a watch on CAD.

A 4.1% fiscal deficit is a daunting task in the backdrop of two years of low GDP growth, static industrial growth, moderate increase in indirect taxes, subsidy burden and not so encouraging tax buoyancy.


Here is what the finance minister has given for you:




Direct Tax Proposals

  • Personal Income-tax exemption limit raised by Rs50,000, that is, from Rs2 lakh to Rs2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from Rs2.5 lakh to Rs3 lakh in the case of senior citizens

  • No change in the rate of surcharge either for the corporates or the individuals, HUFs, firms etc

  • The education cess to continue at 3%

  • Investment limit under section 80C of the Income-tax Act raised from Rs1 lakh to Rs1.5 lakh

  • Deduction limit on account of interest on loan in respect of self occupied house property raised from Rs1.5 lakh to Rs2 lakh

  • Conducive tax regime to Infrastructure Investment Trusts and Real Estate Investment Trusts (REIT) to be set up in accordance with regulations of the Securities and Exchange Board of India (SEBI)

  • Investment allowance at the rate of 15% to a manufacturing company that invests more than Rs25 crore in any year in new plant and machinery. The benefit to be available for three years i.e. for investments up to 31.03.2017

  • Investment linked deduction extended to two new sectors, namely, slurry pipelines for the transportation of iron ore, and semi-conductor wafer fabrication manufacturing units

  • 10 year tax holiday extended to the undertakings which begin generation, distribution and transmission of power by 31.03.2017

  • Income arising to foreign portfolio investors from transaction in securities to be treated as capital gains

  • Concessional rate of 15% on foreign dividends without any sunset date to be continued

  • The eligible date of borrowing in foreign currency extended from 30.06.2015 to 30.06.2017 for a concessional tax rate of 5% on interest payments. Tax incentive extended to all types of bonds instead of only infrastructure bonds

  • Introduction of a “Roll Back” provision in the Advanced Pricing Agreement (APA) scheme so that an APA entered into for future transactions is also applicable to international transactions undertaken in previous four years in specified circumstances

  • Introduction of range concept for determination of arm’s length price in transfer pricing regulations

  • To allow use of multiple year data for comparability analysis under transfer pricing regulations

  • To remove tax arbitrage, rate of tax on long term capital gains increased from 10% to 20% on transfer of units of Mutual Funds, other than equity oriented funds

  • Income and dividend distribution tax to be levied on gross amount instead of amount paid net of taxes

  • In case of non deduction of tax on payments, 30% of such payments will be disallowed instead of 100%

  • Government to review the DTC in its present shape and take a view in the whole matter

  • 60 more Ayakar Seva Kendras to be opened during the current financial year to promote excellence in service delivery

  • Net Effect of the direct tax proposals to result in revenue loss of Rs22,200 crore


Indirect Tax Proposals

  • To boost domestic manufacture and to address the issue of inverted duties, basic customs duty (BCD) reduced on certain items

  • To encourage new investment and capacity addition in the chemicals and petrochemicals sector, basic customs duty reduced on certain items

  • Steps taken to boost domestic production of electronic items and reduce our dependence on imports. These include imposition of basic customs duty on certain items falling outside the purview of IT Agreement, exemption from SAD on inputs/ components for PC manufacturing, imposition of education cess on imported electronic products for parity etc

  • Colour picture tubes exempted from basic customs duty to make cathode ray TVs cheaper and more affordable to weaker sections

  • To encourage production of LCD and LED TVs below 19 inches in India, basic customs duty on LCD and LED TV panels of below 19 inches reduced from 10% to NIL

  • To give an impetus to the stainless steel industry, increase in basic customs duty on imported flat-rolled products of stainless steel from 5% to 7.5%

  • Concessional basic customs duty of 5 percent extended to machinery and equipment required for setting up of a project for solar energy production

  • Specified inputs for use in the manufacture of EVA sheets and back sheets and flat copper wire for the manufacture of PV ribbons exempted from basic customs duty

  • Reduction in basic customs duty from 10 percent to 5 percent on forged steel rings used in the manufacture of bearings of wind operated electricity generators

  • Exemption from SAD of 4% on parts and raw materials required for the manufacture of wind operated generators

  • Concessional basic customs duty of 5 percent on machinery and equipment required for setting up of compressed biogas plants (Bio-CNG)

  • Anthracite coal, bituminous coal, coking coal, steam coal and other coal to attract 2.5% basic customs duty and 2% CVD to eliminate all assessment disputes and transaction costs associated with testing of various parameters of coal

  • Basic customs duty on metallurgical coke increased from Nil to 2.5% in line with the duty on coking coal

  • Duty on ship breaking scrap and melting scrap of iron or steel rationalized by reducing the basic customs duty on ships imported for breaking up from 5% to 2.5%

  • To prevent mis-use and avoid assessment disputes, basic customs duty on semi-processed, half cut or broken diamonds, cut and polished diamonds and coloured gemstones rationalized at 2.5%

  • To encourage exports, pre-forms of precious and semi-precious stones exempted from basic customs duty

  • Duty free entitlement for import of trimmings, embellishments and other specified items increased from 3% to 5% of the value of their export, for readymade garments

  • Export duty on bauxite increased from 10% to 20%

  • For passenger facilitation, free baggage allowance increased from Rs35,000 to Rs45,000

  • To incentivize expansion of processing capacity, reduction in excise duty on specified food processing and packaging machinery from 10% to 6%

  • Reduction in the excise duty from 12% to 6% on footwear of retail price exceeding Rs500 per pair but not exceeding Rs1,000 per pair

  • Withdraw concessional excise duty (2% without Cenvat benefit and 6% with Cenvat benefit) on smart cards and a uniform excise duty at 12%

  • To develop renewable energy, various items exempted from excise duty

  • Exemption to PSF and PFY manufactured from plastic waste and scrap including PET bottles from excise duty with effect from 29 June 2010 to 7 May 2012

  • Prospective levy of a nominal duty of 2 percent without Cenvat benefit and 6% with Cenvat benefit on such PSF and PFY

  • Concessional excise duty of 2 percent without Cenvat benefit and 6% with Cenvat benefit on sports gloves

  • Specific rates of excise duty increased on cigrettes in the range of 11 per cent to 72 per cent

  • Excise duty increased from 12 percent to 16 percent on pan masala, from 50 percent to 55 percent on unmanufactured tobacco and from 60 percent to 70 percent on gutkha and chewing tobacco

  • Levy of an additional duty of excise at 5 percent on aerated waters containing added sugar

  • To finance Clean Environment initiatives, Clean Energy Cess increased from Rs50 per tonne to Rs100 per tonne


Service tax

  • To broaden the tax base in Service Tax, sale of space or time for advertisements in broadcast media, extended to cover such sales on other segments like online and mobile advertising. Sale of space for advertisements in print media however would remain excluded from service tax. Service provided by radio-taxis brought under service tax

  • Services by air-conditioned contract carriages and technical testing of newly developed drugs on human participants brought under service tax

  • Provision of services rules to be amended and tax incidence to be reduced on transport of goods through coastal vessels to promote Indian Shipping industry

  • Services provided by Indian tour operators to foreign tourists in relation to a tour wholly conducted outside India to be taken out of the tax net and Cenvat credit for services of rent-a-cab and tour operators to be allowed to promote tourism

  • Service tax exempted on loading, unloading, storage, warehousing and transportation of cotton, whether ginned or baled

  • Services provided by the Employees’ State Insurance Corporation for the period prior to 1 July 2012 exempted, from service tax

  • Exemption available for specified micro insurance schemes expanded to cover all life micro-insurance schemes where the sum assured does not exceed Rs50,000 per life insured

  • For safe disposal of medical and clinical wastes, services provided by common bio-medical waste treatment facilities exempted

  • Tax proposals on the indirect taxes side are estimated to yield Rs7,525 crore

  • 24X7 customs clearance facility extended to 13 more airports in respect of all export goods and to 14 more sea ports in respect of specified import and export goods to facilitate cargo clearance

  • ‘Indian Customs Single Window Project’ to facilitate trade, to be implemented

  • The scheme of Advance Ruling in indirect taxes to be expanded to cover resident private limited companies. The scope of Settlement Commission to be enlarged to facilitate quick dispute resolution

  • Customs and Central Excise Acts to be amended to expedite the process of disposal of appeals


Foreign Direct Investment (FDI)

  • Government to promote FDI selectively in sectors

  • The composite cap of foreign investment to be raised to 49% with full Indian management and control through the FIPB route

  • The composite cap in the insurance sector to be increased up to 49% from 26% with full Indian management and control through the FIPB route

  • Requirement of the built up area and capital conditions for FDI to be reduced from 50,000 square metres to 20,000 square metres and from $10 million to $5 million respectively for development of smart cities

  • The manufacturing units to be allowed to sell its products through retail including E-commerce platforms


Bank Capitalization

  • Requirement to infuse Rs2.40 lakh crore as equity by 2018 in our banks to be in line with Basel-III norms

  • Capital of banks to be raised by increasing the shareholding of the people in a phased manner


PSU Capital Expenditure

PSUs will invest through capital investment a total sum of Rs2.48 lakh crore in the current financial year


Smart Cities

A sum of Rs7,060 crore is provided in the current fiscal for the project of developing “one hundred Smart Cities’


Real Estate

  • Incentives for Real Estate Investment Trusts (REITS). Complete pass through for the purpose of taxation

  • A modified REITS type structure for infrastructure projects as the Infrastructure Investment Trusts (INVITS).

  • These two instruments to attract long term finance from foreign and domestic sources

  • including the NRIs



Rs1,000 crore provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured irrigation


Rural Development

  • Shyama Prasad Mukherji Rurban Mission for integrated project based infrastructure in the rural areas

  • Rs500 crore for “Deen Dayal Upadhyaya Gram Jyoti Yojana” for feeder separation to augment power supply to the rural areas

  • Rs14,389 crore provided for Pradhan Mantri Gram Sadak Yojna(PMGSY)

  • More productive, asset creating and with linkages to agriculture and allied activities wage employment would to be provided under MGNREGA.

  • Under Ajeevika, the provision of bank loan for women SHGs at 4% to be extended to another 100 districts

  • Initial sum of Rs100 crore for “Start Up Village Entrepreneurship Programme” for encouraging rural youth to take up local entrepreneurship programs

  • Allocation for National Housing Bank increased to Rs8,000 crore to support Rural housing

  • New programme “Neeranchal” to give impetus to watershed development in the country with an initial outlay of Rs2,142 crore

  • Backward Region Grant Fund (BRGF) to be restructured to address intra-district inequalities


Scheduled Caste/Scheduled Tribe

  • An amount of Rs50,548 crore is proposed under the SC Plan and Rs32,387 crore under TSP

  • For the welfare of the tribals “Van Bandhu Kalyan Yojna” launched with an initial allocation of Rs100 crore


Senior Citizen & Differently Abled Persons

  • • Varishtha Pension Bima Yojana (VPBY) to be revived for a limited period from 15 August 2014 to 14 August 2015 for the benefit of citizens aged 60 years and above

  • • A committee will to examine and recommend how unclaimed amounts with PPF, Post Office, saving schemes etc. can be used to protect and further financial interests of the senior citizens

  • Government notified a minimum pension of Rs1,000 per month to all subscriber members of EP Scheme. Initial provision of Rs250 crore

  • Increase in mandatory wage ceiling of subscription to Rs15,000. A provision of Rs250 crore in the current budget

  • EPFO to launch the “Uniform Account Number” Service for contributing members

  • • Scheme for Assistance to Disabled Persons for purchase/ fitting of Aids and Appliances (ADIP) extended to include contemporary aids and assistive devices

  • National level institutes for Universal Inclusive Design , Mental Health Rehabilitation and a Centre for Disability Sports to be established

  • • Assistance to State Governments to establish fifteen new Braille Presses and modernize ten existing Braille Presses

  • • Government to print currency notes with Braille like signs for visibly challenged persons


Women & Child Development

  • • Outlay of Rs50 crore for pilot testing a scheme on “Safety for Women on Public Road Transport”

  • • Sum of Rs150 crore on a scheme to increase the safety of women in large cities

  • “Crisis Management Centres” in all the districts of NCT of Delhi this year government and private hospitals

  • • A sum of Rs100 crore is provided for “Beti Bachao, Beti Padhao Yojana”, a focused scheme to generate awareness and help in improving the efficiency of delivery of welfare services meant for women

  • • School curriculum to have a separate chapter on gender mainstreaming


Drinking Water & Sanitation

  • • 20,000 habitations affected with arsenic, fluoride, heavy/ toxic elements, pesticides/ fertilizers to be provided safe drinking water through community water purification plants in next 3 years

  • • “Swachh Bharat Abhiyan” to cover every household with sanitation facility by the year 2019


Health and Family Welfare

  • • Free Drug Service and Free Diagnosis Service to achieve “ Health For All”

  • • Two National Institutes of Ageing to be set up at AIIMS, New Delhi and Madras Medical College, Chennai

  • • A national level research and referral Institute for higher dental studies to be set up

  • AIIMS like institutions in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP. A provision of Rs500 crore made

  • 12 new government medical colleges to be set up

  • • States’ Drug Regulatory and Food Regulatory Systems to be strengthened by creating new drug testing laboratories and strengthening the 31 existing State laboratories

  • 15 Model Rural Health Research Centres to be set up for research on local health issues concerning rural population

  • • A national programme in Mission Mode to halt the deteriorating malnutrition situation in India to be put in place within six months




School Education

  • • Government would strive to provide toilets and drinking water in all the girls school in first phase An amount of Rs28,635 crore is being funded for Sarv Shiksha Abhiyan (SSA) and Rs4,966 crore for Rashtriya Madhyamic Shiksha Abhiyan (RMSA)

  • • A School Assessment Programme is being initiated at a cost of Rs30 crore

  • Rs500 crore provided for “Pandit Madan Mohan Malviya New Teachers Training Programme” to infuse new training tools and motivate teachers

  • • Rs100 crore provided for setting up virtual classrooms as Communication Linked Interface for Cultivating Knowledge (CLICK) and online courses


Higher Education

  • • Jai Prakash Narayan National Centre for Excellence in Humanities to be set up in MP

  • • Rs500 crore provided for setting up 5 more IITs in the Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala

  • • Five IIMs in the States of HP, Punjab, Bihar, Odisha and Rajasthan

  • • Simplification of norms to facilitate education loans for higher studies


Information Technology

  • • Pan India programme “Digital India” to with an outlay of Rs500 crore to be launched

  • • Programme for promoting “Good Governance” to be launched. A sum of Rs100 crore provided


Information and Broadcasting

  • • Rs100 crore allocated for 600 new and existing Community Radio Stations

  • • Film & Television Institute, Pune and Satyajit Ray Film & Television Institute, Kolkata are proposed to be accorded status of Institutes of national importance and a “National Centre for Excellence in Animation, Gaming and Special Effects to be set up

  • • Rs100 crore is provided for Kisan TV, to disseminate real time information to the farmers on issues such as new farming techniques, water conservation, organic farming etc


Urban Development

  • • Vision of the Government is that 500 urban habitations to be provided support for renewal of infrastructure and services in next 10 years through PPPs

  • • Present corpus of Pooled Municipal Debt Obligation Facility facility to be enlarged to Rs50,000 crore from Rs5,000 crore

  • • Rs100 crore provided for Metro Projects in Lucknow and Ahemdabad



  • • Extended additional tax incentive on home loans shall be provided to encourage people, especially the young, to own houses

  • • Mission on Low Cost Affordable Housing anchored in the National Housing Bank to be set up

  • • A sum of Rs4,000 crore for NHB from the priority sector lending shortfall with a view to increase the flow of cheaper credit for affordable housing to the urban poor/EWS/ LIG segment is provided

  • • Slum development to be included in the list of Corporate Social Responsibility (CSR) activities to encourage the private sector to contribute more



  • • A programme for the up gradation of skills and training in ancestral arts for development for the minorities “Up gradation of Traditional Skills in Arts, Resources and Goods” to be launched

  • • An additional amount of Rs100 crore for Modernization of Madarsas



  • • Government to establish two more Agricultural Research Institute of excellence in Assam and Jharkhand with an initial sum of Rs100 crore

  • • An amount of Rs100 crore set aside for “Agri-tech Infrastructure Fund”

  • • Rs200 crore provided to open Agriculture Universities in Andhra Pradesh and Rajasthan and Horticulture Universities in Telangana and Haryana

  • • A scheme to provide every farmer a soil health card in a Mission mode will be launched

  • • Rs100 crore has been provided for this purpose and additional Rs56 crore to set up 100 Mobile Soil Testing Laboratories across the country

  • • To meet the vagaries of climate change a “National Adaptation Fund” with an initial sum an amount of Rs100 crore will be set up

  • • A sustainable growth of 4% in Agriculture will be achieved

  • Technology driven second green revolution with focus on higher productivity and including “Protein revolution” will be area of major focus

  • • To mitigate the risk of Price volatility in the agriculture produce, a sum of Rs500 crore is provided for establishing a “Price Stabilization Fund”

  • Central Government to work closely with the State Governments to re-orient their respective APMC Acts

  • • Sum of Rs50 crore provided for the development of indigenous cattle breeds and an equal amount for starting a blue revolution in inland fisheries

  • • Transformation plan to invigorate the warehousing sector and significantly improve post-harvest lending to farmers


Agriculture Credit

  • • To provide institutional finance to landless farmers, it is proposed to provide finance to five lakh joint farming groups of “Bhoomi Heen Kisan” through NABARD

  • • A target of Rs8 lakh crore has been set for agriculture credit during 2014-15

  • Corpus of Rural Infrastructure Development Fund (RIDF) raised by an additional Rs5000 crore from the target given in the Interim Budget to Rs25,000 crore

  • • Allocation of Rs5,000 crore provided for the Warehouse Infrastructure Fund “Long Term Rural Credit Fund” to set up for the purpose of providing refinance support to Cooperative Banks and Regional Rural Banks with an initial corpus of Rs5,000 crore

  • • Amount of Rs50,000 crore allocated for Short Term Cooperative Rural Credit

  • Sum of Rs200 crore for NABARD’s Producers Development and Upliftment Corpus (PRODUCE) for building 2,000 producers organizations over the next two years



  • • Restructuring FCI, reducing transportation and distribution losses and efficacy of PDS to be taken up on priority

  • • Government committed to provide wheat and rice at reasonable prices to the weaker sections of the society

  • • Government when required will undertake open market sales to keep prices under control



  • • Central Government Departments and Ministries to integrate their services with the e-Biz -a single window IT platform- for services on priority by 31 December this year

  • • Rs100 crore provided for setting up a National Industrial Corridor Authority

  • • Amritsar Kolkata Industrial master planning to be completed expeditiously

  • Master planning of three new smart cities in the Chennai-Bengaluru Industrial Corridor region, viz., Ponneri in Tamil Nadu, Krishnapatnam in Andhra Pradesh and Tumkur in Karnataka to be completed

  • • Perspective plan for the Bengaluru-Mumbai Economic corridor (BMEC) and Vizag-Chennai corridor to be completed with the provision for 20 new industrial clusters

  • Development of industrial corridors with emphasis on Smart Cities linked to transport connectivity to spur growth in manufacturing and urbanization will be accelerated

  • Proposed to establish an Export promotion Mission to bring all stakeholders under one umbrella

  • • Apprenticeship Act to be suitably amended to make it more responsive to industry and youth


Micro Small and Medium Enterprises (MSME) Sector

  • • Skill India to be launched to skill the youth with an emphasis on employability and entrepreneur skills

  • • Committee to examine the financial architecture for MSME Sector, remove bottlenecks and create new rules and structures to be set up and give concrete suggestions in three months

  • • Fund of Funds with a corpus of Rs10,000 crore for providing equity through venture capital funds, quasi equity, soft loans and other risk capital specially to encourage new startups by youth to be set up

  • • Corpus of Rs200 crore to be set up to establish Technology Centre Network

  • Definition of MSME to be reviewed to provide for a higher capital ceiling

  • Programme to facilitate forward and backward linkages with multiple value chain of manufacturing and service delivery to be put in place

  • • Entrepreneur friendly legal bankruptcy framework will be developed for SMEs to enable easy exit

  • • A nationwide “District level Incubation and Accelerator Programme” to be taken up for incubation of new ideas and necessary support for accelerating entrepreneurship



  • • Rs50 crore is provided to set up a Trade Facilitation Centre and a Crafts Museum to develop and promote handloom products and carry forward the rich tradition of handlooms of Varanasi

  • • Sum of Rs500 crore for developing a Textile mega-cluster at Varanasi and six more at Bareilly, Lucknow, Surat, Kutch, Bhagalpur and Mysore

  • • Rs20 crore to set up a Hastkala Academy for the preservation, revival, and documentation of the handloom/handicraft sector in PPP mode in Delhi

  • Rs50 crore is provided to start a Pashmina Promotion Programme (P-3) and development of other crafts of Jammu & Kashmir



• An institution to provide support to mainstreaming PPPPs called 4PIndia to be set up with a corpus of Rs500 crore



  • • Rs11,635 crore will be allocated for the development of Outer Harbour Project in Tuticorin for phase I

  • • SEZs will be developed in Kandla and JNPT

  • • Comprehensive policy to be announced to promote Indian ship building industry


Inland Navigation

• Project on Ganges called “ Jal Marg Vikas’ to be developed between Allahabad and Haldia


New Airports

• Scheme for development of new airports in Tier I and Tier II Cities to be launched


Roads sector

  • • Sector needs huge amount of investment along with debottlenecking from maze of

  • clearances

  • • An investment of an amount of Rs37,880 crore in NHAI and State Roads is proposed which includes Rs3,000 crore for the North East

  • • Target of NH construction of 8500 kms will be achieved in current financial year

  • • Work on select expressways in parallel to the development of the Industrial Corridors will be initiated. For project preparation NHAI shall set aside a sum of Rs500 crore



  • • Rs100 crore is allocated for a new scheme “Ultra-Modern Super Critical Coal Based

  • Thermal Power Technology”

  • • Comprehensive measures for enhancing domestic coal production are being put in

  • place

  • • Adequate quantity of coal will be provided to power plants which are already

  • commissioned or would be commissioned by March 2015

  • • An exercise to rationalize coal linkages to optimize transport of coal and reduce cost of

  • power is underway


New & Renewable Energy

  • • Rs500 crore provided for Ultra Mega Solar Power Projects in Rajasthan, Gujarat, Tamil Nadu, Andhra Pradesh and Laddakh

  • • Rs400 crore provided for a scheme for solar power driven agricultural pump sets and

  • water pumping stations

  • • Rs100 crore provided for the development of 1 MW Solar Parks on the banks of

  • canals

  • • A Green Energy Corridor Project is being implemented to facilitate evacuation of

  • renewable energy across the country


Petroleum & Natural Gas

  • • Production and exploitation of Coal Bed Methane reserves will be accelerated

  • Possibility of using modern technology to revive old or closed wells to be explored

  • • Usage of PNG to be rapidly scaled up in a Mission mode

  • • Proposal to develop pipelines using appropriate PPP models



• Changes, if necessary, in the MMDR Act, 1957 to be introduced to encourage investment in mining sector and promote sustainable mining practices




Capital Market

  • • Ongoing process of consultations with all the stakeholders on the enactment of the Indian Financial Code and reports of the Financial Sector Legislative Reforms Commission (FSLRC) to be completed

  • • Government in close consultation with the RBI to put in place a modern monetary policy framework

  • Following measures will be taken to energize Capital markets:

    1. Introduction of uniform KYC norms and inter-usability of the KYC records across the

    2. entire financial sector

    3. Introduce one single operating demat account

    4. Uniform tax treatment for pension fund and mutual fund linked retirement plan





  • • Time bound programme as Financial Inclusion Mission to be launched on 15th August this year with focus on the weaker sections of the society

  • • Banks to be encouraged to extend long term loans to infrastructure sector with flexible structuring

  • • Banks to be permitted to raise long term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending (PSL)

  • • RBI to create a framework for licensing small banks and other differentiated banks

  • • Differentiated banks serving niche interests, local area banks, payment banks etc. are contemplated to meet credit and remittance needs of small businesses, unorganized sector, low income households, farmers and migrant work force

  • Six new Debt Recovery Tribunals to be set up

  • • For venture capital in the MSME sector, a Rs10,000 crore fund to act as a catalyst to attract private Capital by way of providing equity , quasi equity, soft loans and other risk capital for start-up companies with suitable tax incentives to participating private funds to be established


Insurance Sector

  • • The pending insurance laws (amendment) Bill to be immediately brought for consideration

of the Parliament

  • • The regulatory gap under the Prize Chits and Money Circulation Scheme (Banking)

Act, 1978 will be bridged


Small Savings

  • • Kissan Vikas Patra (KVP) to be reintroduced

  • • A special small savings instrument to cater to the requirements of educating and marriage of the Girl Child to be introduced

  • • A National Savings Certificate with insurance cover to provide additional benefits for the small saver

  • • In the PPF Scheme, annual ceiling will be enhanced to Rs1.5 lakh p.a. from Rs1 lakh at present



  • • A further sum of Rs1,000 crore to meet requirement for “One Rank One Pension”

  • • Capital outlay for Defence increased by Rs5,000 crore including a sum of Rs1,000 crore for accelerating the development of the Railway system in the border areas

  • • Urgent steps would also be taken to streamline the procurement process to make it speedy and more efficient

  • • Rs100 crore is provided for construction of a war memorial in the Princes Park, which will be supplemented by a War Museum. I am allocating a sum of Rs100 crore for this purpose

  • • Rs100 crore is provided to set up a Technology Development Fund for Defence


Internal Security

  • • Rs3,000 crore is provided in the current financial year for modernization of state police forces

  • • Adequate allocation for Additional Central Assistance for Left Wing Extremist Affected districts

  • • Rs2,250 crore provided to strengthen and modernize border infrastructure

  • • Rs990 crore allocated for the socio economic development of the villages along the borders

  • • A sum of Rs150 crore ear-marked for the construction of Marine Police Station, Jetties and for the purchase of boats etc

  • • Rs50 crore provided for construction of National Police Memorial



  • • Rs200 crore provided to build the Statue of unity(National project)

  • Facility of Electronic Travel Authorization (e-Visa) to be introduced in phased manner at nine airports in India

  • • Countries to which the Electronic Travel authorisation facility would be extended would

  • be identified in a phased manner

  • • Rs500 crore provided for developing 5 tourist circuits around specific themes

  • Rs100 crore provided for National Mission on Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD)

  • • Rs200 crore provided for National Heritage City Development and Augmentation Yojana (HRIDAY)

  • • Rs100 crore provided for Archaeological sites preservation

  • Sarnath-Gaya-Varanasi Buddhist circuit to be developed with world class tourist amenities to attract tourists from all over the world



  • • Rs100 crore provided for Detailed Project Reports for linking of rivers

  • • Rs2,037 crore provided for Integrated Ganga Conservation Mission “NAMAMI GANGE”

  • • Rs100 crore provided for Ghat development and beautification at Kedarnath, Haridwar, Kanpur, Varanasi, Allahabad, Patna and Delhi

  • NRI Fund for Ganga will be set up



  • • Government to strengthen at least five institutions as Technical Research Centres

  • Development of Biotech clusters in Faridabad and Bengaluru

  • Nascent agri-biotech cluster in Mohali to be scaled up. In addition, two new clusters, in Pune and Kolkata to be established Global partnerships will be developed under India’s leadership to transform the Delhi component of the International Centre for Genetic Engineering and Biotechnology (ICGEB) into a world-leader in life sciences and biotechnology

  • Several major space missions planned for 2014-15



  • Rs200 crore provided for upgrading the indoor and outdoor sports stadiums in Jammu and Kashmir Valley to international standards

  • • Rs100 crore provided for sports university in Manipur

  • India to start an annual event to promote Unique sports traditions in the Himalayan region games

  • • Rs100 crore provided for the training of sports women and men for forthcoming Asian games

  • • A “Young Leaders Programme” with an initial allocation of Rs100 crore to be set up



  • • Rs100 crore provided for development of organic farming in North Eastern States

  • • Rs1,000 crore provided for development of rail connectivity in the North Eastern Region

  • • To provide a strong platform to rich cultural and linguistic identity of the North-East, a new 24x7 channel called “Arun Prabha” will be launched



  • • Government committed to addressing the issues relating to development of Andhra Pradesh and Telangana in the AP Re-organization Act, 2014. Provision made by various Ministries/Departments to fulfill the obligation of Union Government



  • • Rs200 crore for power reforms and Rs500 crore for water reforms to make Delhi a truly World Class City

  • • Rs50 crore provided to solve the long term water supply issues to the capital region

  • Construction of long pending Renuka Dam to be taken up on priority



  • • Rs150 crore provided to tide over communication related problems of the Island

  • Rs188 crore to Puducherry for meeting commitments for Disaster preparedness



• Rs500 crore provided to support displaced Kashmiri migrants for rebuilding their lives



• Rs100 crore provided to set up a National Centre for Himalayan Studies in Uttarakhand



  • • Mandate to be fulfilled without compromising fiscal consolidation

  • • Non-plan Expenditure of Rs12.2 lakh crore with additional provision for fertilizer subsidy and Capital expenditure for Armed forces

  • • Rs5.75 lakh crore Plan expenditure – increase of 26.9% over actuals of 2013-14

  • Plan increase targeted towards Agriculture, capacity creation in Health and Education, Rural Roads and National Highways Infrastructure, Railways network expansion, clean energy initiatives, development of water resources and river conservation plans

  • • Total expenditure of Rs17.94 lakh crore estimated

  • • Gross Tax receipts of Rs13.64 lakh crore estimated

  • • Net to centre of Rs9.77 lakh crore estimated

  • • Fiscal deficit of 4.1% of GDP and Revenue deficit of 2.9% estimated

  • New Statement to separately show plan allocation made for North Eastern Region

  • • Allocation of Rs53,706 crore for North East Regions

  • • Allocation of Rs50,548 crore under SCSP and Rs32,387 under TSP

  • Allocation for women at Rs98,030 crore and for children at Rs81,075 crore



  • • Ambitious Revenue Collection Targets in Interim Budget. Proposed tax changes factored in the Budget Estimates 2014-15

  • • Measures to revive the economy, promote investment in manufacturing, rationalize tax provisions to reduce litigation, address the problem of inverted duty structure in certain areas. Tax reliefs to individual tax payers



Ganesh Kamat

3 years ago

Simple Procedures-Solves most Problems,
Kindly see if you can Implement this?

(A)....After the Budget...

Most members of the House say,

that the Budget is…

Either, Pro-Poor or Anti-Poor….

Though these members would not even knows,

their own Liabilities,

Due to the Complex Laws,

Rules & Regulations in the Budget.

They make Complicated Laws &

unreasonable Procedure, to accommodate whom?

So our Democracy is no doubt,

BY:- the people, but

OF:- the Leaders? &

For:- the Administrators?

Simple Laws-Solves Problems,

OF:- the people,

FOR:- Growth-Prosperity to all.

Are you for Simple Laws?


(B)....Rail Reform...

Why, Passenger Train is important ?

1) British gave us Mail/ Express and Passenger Trains.

2) We added Super Fast Trains in place of Passenger Train.

3) Passenger train are helpful for rural area farmers to
sell their farm product to Taluka/ District places, without
middleman hence creating Employment & better value to our farmers.

4) Now a day they are talking about bullet train !
they call this as their vision?

5)Today we are in need of MORE passenger Train First
Which cost hardly anything, for our farmer.

Unfortunately No M.P. Raise this Question In our Parliaments.


(C)....TAX Reform Agenda ....

People are fed up with so called Development Agenda,

So Simple Agenda is:- 1% Tax on Gross Receipt, All other Tax abolition.

All are talking about Problems i.e.-Corruption, Inflation, Red-Tape,
Black Money, Unemployment etc.

Only new Laws may NOT be the solution.

We need Tax Reform, Administrative reform, Bank Reform..
with solution NOT words, but by action.

If we go to Public with such Reform solution..

1)How they get their work done with simplicity,
is the issue today for the people.

2)Tax Reform....1%+1% =2% Tax on gross receipt from other's.
1%..Tax + (1%>>to their own Account) as Less Privilege Fund.(L.P.F.)

3)This 1% L.P.F. will give power to the people as Less Privileged Fund
is their own Money.

4)Tax Number is your mobile number.
Bank Account Number is your mobile number.

5)Tax payment will be as easy, as payment of post paid mobile charges.

6)Salaried people will be happy as they have to pay less.

7)Government will get more Tax collection at least Two times,
as money transaction/ circulation is always at least 20 times or more.
No Black money problem.

8)All other Tax will be abolished, so all others are happy, can increase their
income & Concentrate more on the Business/ Work/ Services
& thus generate more employment.

9)In Administration Reform create simple procedure for various permits/ license.

10)Cash transaction is way of life in India, yet if system is simple,
Tax % Minimum All will pay Tax.

"Apple a day keeps Doctor away"... if apple costs Rs.10/-Each.
but if apple costs Rs.100/-Each???

Our development cost so high, so all our Netas, are all for, development.

Development is like cube of ice, Actual user may get, only cold palm.

So More Government means more development of Netas & Babus.
Less Government means more development of common man.

Let's NOT create any more problems and then try to solve it.
and to have Simple pay Tax & Proceed policy.

Let's Not stay like chor, by avoiding Tax, but by paying simplified minimum Tax.
So our new born baby's hand will not be with Tattoo-"Mera Baap Chor Hai".

Any Party want to work with such Agenda?

Awaiting Feedback..

Ganesh Kamat 9820867755
B.E.(civil), M.S.(U.S.A.)

BMC: Structural Audit Engineer -42 yrs. Exp.
Pioneers Low Cost, Green, Speedy RCB Housing.


3 years ago

This is a BBTM (bullshit-boggles-the-mind) budget. The bullshit of small time tax reliefs in individual income tax is designed to boggle the mind of the masses while not making any meaningful progress on things of importance: GST, GAAR and the patently foolish retrospective tax regime unleashed by our Hon' President, the introduction of a new retrospective tax by changing capital gains definition to 3 years from this FY (= tax increases on investments already made), no clear incentives for FDI in most sectors, idiotic protection for the steel lobby etc. etc.
Overall a major disappointment - and the investors are rightly voting with their feet as the sensex shows. The new retrospective tax on debt funds is either malicious disregard for investors or a staggering lack of understanding about investments.
Such a lost opportunity.

Prakash Basrur

3 years ago

A reasonable budget presented within the first 100 days of new government ! It would take quite some time to get out of the pass-over burden of rollover of postponed costs of "Free Lunches" from the previous budget of Chiddu and his Saint Poet Kular ! Even if India became another state of USA and sought federal funds from Washington it would have brought down the US economy ! Such gigantic are our problems and we do not have China-like "Gun point People's Republic" to steam roll infrastructure plans!


3 years ago

The budget is a blip in a five year journey that must be measured against the manifesto and ultimately re election. This will be tough as Nehru-Gandhi Khangressism and thinking is a multiple myeloma that has grown unchecked for 67 years. It permeates the Constitution, the laws, the courts, babudom, lathidom, netadom and subverts the resources of the Nation to the personal pelf, pleasure, power and perpetuation of the ruling scum of which, the Government of the day is an in significant component. How is accountability to be manifested and the scalpel applied in the sleaze driven culture?


3 years ago

If you closed your eyes and heard Arun Jaitley properly, you would have thought it was Chidambaram speaking - Arvind Kejriwal

My dear Arvind Kejriwal,

It requires wisdom to understand wisdom: the music is nothing if the audience is deaf.

Hemendra Shah

3 years ago

Good information Money life point to point.
Pro-growth, Progressive and well thought out Budget ! Bravo FM !
Unfortunately!Market reacted otherwise and sell off happened ! may be expectations were too high ! :)
Once the proposals interpreted correctly and understood then stock market should bounce back !India will be on the way to Glory even if 60% of the proposals implemented !

A letter to the FM, from those with disabilities
People with disabilities are possibly the most unheard minority in our country. Ms. Ketna Mehta writes an open letter to the Finance Miniter, about her own and others' hopes and disappointments from Budget 2014

Dear Mr Jaitley,
Congratulations on presenting a very sensible budget. I was excited to see you in a yellow jacket, you may not know this, but it is one of our disability colours. I became optimistic! During the course of your speech when you had to sit down due to a back ache, I became even more hopeful, as more than 30 million of us sit and conduct our lives on wheelchairs! I looked forward to empathy from you for us – the community of people with disability (70 million)- and was hopeful that this year we indeed would be Included. 
Do you know that me and several of my friends with disability are regular and timely tax payers? Some of us have our own enterprises and pay service tax, VAT and corporate taxes! Some of us also sponsor and donate for education of able bodied children, contribute towards cleanliness of our localities and cities, create NGOs to motivate and inspire all citizens. We go beyond our abilities and capacities to bring about equality in our lovely country, India. In most of my international conferences on disability, unfailingly I meet at least one person who praises the benefit and use of our Indian Jaipur Foot, that enabled them to walk with dignity!
We do understand that India has myriad problems and limited resources. But sadly, issues faced by people with disabilities never get the importance it deserves, year after year! The government's job is beyond instituting and giving away awards on 3rd of December  (International Day of the Disabled) every year.
In our optimism about your Budget, we hoped for at least some of the following:
1. Higher tnterest rate (similar to the benefit for senior citizens) on Fixed Deposits and 
long term investment instruments held by People with Disability (PWD). 
2. Free education for PWDs upto SSC in all schools. This would bring real change in exchange for the 'lip service' of inclusive education. 
3. With an increase in the number of accidents in the country, all public hospitals to set up spinal injury rehabilitation units, which will enable them to once again integrate PWDs in society and economically contribute to India's growth story. 
4. Rehabilitation insurance to cover all expenses (medical, assistive technology, therapy etc) of daily life with permanent disabilities. 
5. Access Tax of 2% to be levied on corporations for a period of 10 years to make the public infrastructure in the country barrier-free and accessible for people with disabilities. This could includes educational institutions, government offices, commercial establishments, leisure spaces including sports and recreation, and of course our Parliament. 
6. In the Railway Budget, we expected a substantial allocation in the budget to make platforms, railway stations and compartments truly disabled friendly.  I am sure most Government of India officials have experienced inclusive travel abroad. Some application of these foreign trips in India would have helped.
7. 100% FDI in the manufacturing of products and assistive technology for the disabled. We have excellent innovators and minds to replicate the success with the Jaipur Foot I mentioned earlier.
Based on your speech on TV, as I have not yet read the Financial Bill in depth, there are only a a few things in this budget for PWDs: 
1) Govt will print special currency notes for the visually challenged.
2) The general provisions that will impact PWDs along with the other citizens like raising of income tax exemption limit, PPF, housing loans and if we survive till old age for senior citizens.
3) Four new AIIMS in India is a welcome step for the grossly neglected healthcare sector.
4) Hopefully the new IITs, IIMs and National Sports Academies would be designed on Universal Design principles to coach future Tecnocrats, Entrepreneurs and Paralympic winners.
5) We also hope that the new "Expenditure Management Commission" to be set up would recruit maximum PWDs, considering that living in India is full of obstacles, struggles and frugal resources; who knows how to stretch limited money better than us?
Our Nina Foundation has been, over the years, sharing in the expectations of People with Disabilities from our own annual budget.  This year we were looking forward to a new beginning with a new government. We are sadly disappointed; the Government of India ratified UNCRPD (United Nations Convention on the Rights of Persons with Disabilities) on the 1st of October 2007. In short, it states that PWDs have the same human rights that everyone enjoys. Yet these purported rights never translate to action-oriented policies and measures.
We want you to 'Look' at us, 'Hear' us and 'Walk' with us. We will take you far, far ahead on the global map.
(Dr. Ketna Mehta is an educationist, editor, author and the founder of the Nina Foundation that works for the rehabilitaition of economically and socially disadvantaged people with spinal injuries.)



Jagdish Motwani

3 years ago

Dear Nina Ma'am
Thanks for putting all demands of PWDs in nut shell. As one differently able person myself, I feel from FM most prominant demand was to raise Sec 80 U & 80 DD from current Rs.50,000 which was fixed over a decade back. Second Exempting Any Duty (Customs, Excise, proposed GST, etc.) on Mobility Equipements for PWD like wheelchairs, Callipers, Earing Aids, etc. Further, under CSR allowing employment expenses of PWD.


3 years ago

disappointing budget for differently abled. I urge all concerned NGOs , Trusts to raise their pitch for them. They need more. Thnks to Dr Ketna for raising such a issue in a wonderful maner.

SP - Bhubaneswar


3 years ago

Thanks Dr. Ketna Mehta for taking up the issues of PWDs & also thanks to Ms Sucheta Dalal for providing the platform.
Ms Dalal, how can you help this very important letter to FM make it an online petition, where PWDs, their parents & well wishers can sign for onward transmission to both FM & PM to highlight this critical issue in public domain?
My bind son Krishna (student of SYBA) was refused issuing Jeevan Anand (Plan no.149) insurance this March, after taking the premium in Dec. 2013 by GOI's own LIC in spite of taking up the matter with Chairman of LIC in writing, discriminating in such blatant manner.
Chairman of LIC refused to intervene even when we pointed out discrimination by the management of LIC of India against a Person With Disability in issuing insurance policies in contravention of The Persons with Disabilities Act, 1995 & under the Article 14 of the Constitution of India– Right to Equality. Chairman of LIC is emboldened as he is aware of the cost of engaging a lawyer & the cost of Writ Petition under Article 14 of the Constitution of India– Right to Equality is too much for the parents of blind to afford; as the Chairman of LIC is aware of the fact of the much higher expenditure the parents have to incur for bringing up their Children With Disabilities.
This was on the ground of his blindness alone. Students not earning and premium paid by parents as was in Krishna's case would have been, normal students are issued this Jeevan Anand policies (Plan No. 149).

K Majumdar

Narendra Doshi

3 years ago

Dear Dr Ketna Mehta,
Excellent summary. I too do hope Mr Arun Jaitley attempts and implements most of your suggestions sooner than later.
best wishes to your efforts.

Jagdish Chavan

3 years ago

Very rightful expectations from listening government ! Hopefully come true.

Ramesh Poapt

3 years ago

Great Dr.Ketna! Great Moneylife!!

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine)