KNN Bureau Economy 28 Mar 2016 16:05:06 <strong><strong><img alt="Key Highlights of Delhi Budget 2016-17" src="http://knnindia.co.in/knnuploads/uploads 4.1.14/manish-sisodiya-28-3-16.jpg" style="width: 320px; height: 220px; margin: 1px; border-width: 1px; border-style: solid; float: left;" /></strong>New Delhi, Mar 28 (KNN)</strong> Deputy Chief Minister Manish Sisodia tabled the Delhi Budget for the year 2016-17 in the Assembly today. This is the second time Aam Aadmi Party has presented its budget. Let&#39;s have a look at the key highlights from the Budget:<br /> <ul> <li> VAT on garments reduced to 5% from 12.5%</li> <li> VAT on sweets and snacks has been reduced from 12.5% to 5%.</li> <li> VAT on school bags has also been reduced to 5% from 12.5%</li> <li> Tax on watches in Delhi depends on the price of watch. We propose to impose 12.5% tax on all kind of watches</li> <li> 5% VAT on plastic waste</li> <li> Footwear VAT standardized at 5%</li> <li> VAT reduced on Battery run vehicles from 12% to 5% in Delhi.</li> <li> Our aim is to keep the tax slab at par with neighbour states. We have reduced VAT in few items for that: Sisodia.</li> <li> Subsidy in electricity bill to continue, Rs 1600 crore set aside for this.</li> <li> DSIIDC has been asked to start work of road and drain in unauthorised colonies of Delhi. Rs 300 crore allocated.</li> <li> Rs 152 cr for realizing the dream of Late Dr. A.P.J. Abdul Kalam, of skill training</li> <li> 8.4% of the budget dedicated towards Transport Sector to tune of Rs 1,735Cr, thereby helping common man commute easily</li> <li> 200 types of useless affidavits have been scrapped by Delhi Govt which used to bother citizens needlessly</li> <li> Govt to allocate Rs 152 cr for vocational training</li> <li> Delhi has contributed 4.02 percent growth to overall GDP</li> <li> VAT for FY 16-17 Rs 1,400 cr</li> <li> Rs 2466 crores for development of city infrastructures</li> <li> Revenue collection saw increase by 31%.</li> <li> Eliminating inspector Raj enhanced tax collection.</li> <li> Bill Banao Inam Pao&quot; Scheme has helped eliminate tax evasion. 1 Cr extra tax collected last month.</li> </ul> 14214 http://knnindia.co.in/economy/key-highlights-of-delhi-budget-2016-17/2-14214.go 28 Mar 2016 16:05:06 KNN