- Arun Jaitly
- Increase HRA to 60,000 per annum
- Will reduce burden of tax for small tax payers
- Tax rebate those under Rs 5 lakh/year
- Relief for those who stay in rented houses
- Tax benefits for start-ups annunced
- Calibrated approach in cutting corporate tax
- Impetus to food processing industry
- To incentivise gas production from deep sea
- Measures to fight bankruptcy situation in banks
- Comprehensive codes on financial firms
- SEBI to develop new derivatives
- New measures to fight ponzi schemes
- To revamp public sector banks
- Debt recovery tribunal to be strengthened
- More ATMs across India
- Govt lays roadmaps for consolidation of PSU banks
- No change in recap outlay of banks
- Aadhar card to be linked to social security benefit
- DBT to farmers for fertilisers, in some districts for nwo
- *now
- FM retains fiscal deficit targets
- To allow start-ups to register in one day
- Fiscal deficit target at 3.5%
- Fiscal prudence is the mantra says FM
- Time for review of FRBM Act
- FM announces tax proposals
- Relief to small tax payer
- 9 point plan while drafting tax proposals
- Tax norms for professionals eased
- Measures in pension scheme, senior citizens benefit
- Committed to implementing GAAR from April 2017
- 40% exemption for senior citizens
- 10% Tax on dividend over 10 lakh
jaitly budget 2016-17
Rs.35,984 crore allocated for agriculture in 2016-17
* Rs.8.5 lakh crore of agricultural credit targetted in 2015-16
In 2016-17: Rs.9 lakh crore
* Rs.35,984 crore allocated for agriculture in 2016-17
* Five lakh acres to be brought under organic farming over three year period
* MGNREGA to get Rs.38,500 crore
* Recapitalization of banks during next fiscal
* Prudent fiscal policy needed, domestic demand should be raised, reforms need to be carried out
* Farm, rural sector, infra and social sector to get more funds
* Need to prioritize expenditure given recommendations of 7th Pay Commission and OROP implementation
* Nine pillars for reforming India, among them agriculture, social sector, education, infra, fiscal discipline, tax reforms
* Presenting budget when global economy in a serious crisis
* Amidst global headwinds, the Indian economy has held its own
* Converted challenges we inherited into opportunities
* CPI inflation down to 5.4 percent from 9 percent plus, bringing big relief to the public
Jaitly budget 2016-17
tv2 - where is my position is in budget2016
Here are the highlights of Jaitley's budget for the fiscal year that begins on April 1.
RURAL ECONOMY
* Rural jobs programme allocated 385 billion rupees ($5.61 billion) in 2016/17
* Farmer welfare budget in 2016/17 to total 359.84 billion rupees
* Rural road development to get 190 billion rupees in 2016/17
* Target of agriculture credit at 9 trillion rupees in 2016/17
* Interest subvention towards farm loans in 2016/17 at 150 billion rupees
Finance Minister Arun Jaitley began presenting India's national budget for the next fiscal in the Lok Sabha on Monday, saying India remained a bright spot of the global economy while assuring continuity in reforms along with fiscal discipline.
"I am presenting the budget when the global economy is in crisis," Jaitley said in his opening remarks, adding that India, however, remained the bright spot in this gloom, turning difficulties into opportunities.
He said India's growth has expanded 7.5 percent, despite slowdown in exports, even as inflation had eased, bringing big relief to the general public. He also said foreign exchange reserves were robust. "Indian growth is at an extraordinary high."
Jaitley said his budget will look at three pillars in right earnest: A prudent fiscal policy, raise domestic demand and carry out reforms. He also said farm, rural sector, infrastructure and social sector will be allotted more money.
"Recapitalization of banks also to be done during next fiscal year," he said, as much concern have emerged over the quantum of exposure of Indian scheduled banks in terms of gross non-productive assets, re-cast loans and write-offs, which amounts to Rs.9.5 lakh crore.
He said the nine pillars of this year's budget will be: agriculture, social programmes, rural development, education with skill development, infrastructure, financial reforms, policy reforms in terms of ease of doing business, fiscal discipline and tax reforms.
"A unified agriculture platform to be dedicated to the nation on the birth anniversary of Dr. B.R. Amebdkar," the finance minister said, amid applause from the benches.
Self-Filling Fontus Bottle Converts Air into Drinkable Water
Self-Filling Fontus Bottle Converts Air into Drinkable Water
Producing water out of thin air used to sound like magic, but thanks to modern technology, this ‘spell’ is becoming available to everyone. Fontus, a $100 solar-powered device can pull moisture from the air and condense it into potable water.
Fontus is the brainchild of Vienna-based designer Kristof Retezár. It works on the simple principle of condensation, just like the droplets of water that collect on the sides of a cold soda can when you take it out of the fridge. But the Fontus can collect a lot more water than that, because it uses thermoelectric cooling. A condensator in the device is connected to a series of hydrophobic surfaces that repel water. So when it takes in air, these surfaces get cold, leaving behind condensation.
“Because they’re hydrophobic, they immediately repel the condensed water that they created, so you get a drop flow [into the bottle],” Retezár explains.
“This is simply condensation of the humidity that is contained in the air,” he added. “You always have a certain percentage of humidity in the air, it doesn’t matter where you are – even in the desert. That means you would always potentially be able to extract that humidity from the air. Basically, you are taking air in a vapor state and condensing it into a liquid state.”
So exactly how long does it take for the Fontus to produce a decent amount of water to drink? Well, turns out not too long. It can create half a liter of water in an hour, but only if the weather conditions are “really good” – between 86 and 104 degrees F, and between 80 and 90 percent humidity. It actually took Retezár 30 attempts to be able to calibrate the Fontus to a steady output of one drop condensed per minute.
The water will be clean thanks to the filter at the top of the device which keeps dust and bugs away, but there’s no way to actually decontaminate the water for now. “The water you get is clean, unless the air is really contaminated,” Retezár said. “We’re thinking about making a bottle that also has a carbon filter, and this one would be for cities or areas where you might think the air is contaminated. But originally, this water bottle was thought to be used in nature, and places where you wouldn’t have contaminated air.”
The Fontus comes in two different versions – Airo for hikers, and Ryde for cyclists. The latter helps cyclists collect all the water they need during long-distance rides with few pit stops. The airstream generated by the moving bike will easily push air into the bottle, condensing it into water. The stand-alone Airo version will have an inverted ventilator to suck air into the system. This version can be used in regions with high humidity and scarcity of drinking water.
The Fontus was shortlisted for the James Dyson award in 2014, helping Retezár gain more exposure and funds. The Austrian government has since helped him cover expenses for technical development. For mass production, he plans to start a crowdfunding campaign in March. If everything goes according to plan, the product will be available to consumers by the end of this year, priced at around $100.
With millions of people around the world lacking access to clean drinking water, from arid African countries to polluted areas like Flint, Michigan, in the United States, the Fontus is a glimmer of hope that we might one day efficiently solve water shortages. It still needs a lot of work to really be a solution, but if this prototype is any indication, the Fontus could change things for the better in the near future.
Photos: Fontus
Sources: Live Science, RT
Fontus is the brainchild of Vienna-based designer Kristof Retezár. It works on the simple principle of condensation, just like the droplets of water that collect on the sides of a cold soda can when you take it out of the fridge. But the Fontus can collect a lot more water than that, because it uses thermoelectric cooling. A condensator in the device is connected to a series of hydrophobic surfaces that repel water. So when it takes in air, these surfaces get cold, leaving behind condensation.
“Because they’re hydrophobic, they immediately repel the condensed water that they created, so you get a drop flow [into the bottle],” Retezár explains.
“This is simply condensation of the humidity that is contained in the air,” he added. “You always have a certain percentage of humidity in the air, it doesn’t matter where you are – even in the desert. That means you would always potentially be able to extract that humidity from the air. Basically, you are taking air in a vapor state and condensing it into a liquid state.”
So exactly how long does it take for the Fontus to produce a decent amount of water to drink? Well, turns out not too long. It can create half a liter of water in an hour, but only if the weather conditions are “really good” – between 86 and 104 degrees F, and between 80 and 90 percent humidity. It actually took Retezár 30 attempts to be able to calibrate the Fontus to a steady output of one drop condensed per minute.
The water will be clean thanks to the filter at the top of the device which keeps dust and bugs away, but there’s no way to actually decontaminate the water for now. “The water you get is clean, unless the air is really contaminated,” Retezár said. “We’re thinking about making a bottle that also has a carbon filter, and this one would be for cities or areas where you might think the air is contaminated. But originally, this water bottle was thought to be used in nature, and places where you wouldn’t have contaminated air.”
The Fontus comes in two different versions – Airo for hikers, and Ryde for cyclists. The latter helps cyclists collect all the water they need during long-distance rides with few pit stops. The airstream generated by the moving bike will easily push air into the bottle, condensing it into water. The stand-alone Airo version will have an inverted ventilator to suck air into the system. This version can be used in regions with high humidity and scarcity of drinking water.
The Fontus was shortlisted for the James Dyson award in 2014, helping Retezár gain more exposure and funds. The Austrian government has since helped him cover expenses for technical development. For mass production, he plans to start a crowdfunding campaign in March. If everything goes according to plan, the product will be available to consumers by the end of this year, priced at around $100.
With millions of people around the world lacking access to clean drinking water, from arid African countries to polluted areas like Flint, Michigan, in the United States, the Fontus is a glimmer of hope that we might one day efficiently solve water shortages. It still needs a lot of work to really be a solution, but if this prototype is any indication, the Fontus could change things for the better in the near future.
Sources: Live Science, RT
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