Dedicated freight corridor prioritisation to accelerate time bound delivery using innovative financing and PPPs.
Priority designation for expansion of freight rail infrastructure is announced for three Dedicated Freight Corridors (Delhi-Chennai; Kharagpur-Mumbai; Kharagpur-Vijayawada), to be advanced on a high priority basis with structured planning, time bound award and implementation and use of innovative financing including public-private partnership. The announcement commits to imminent large scale civil works contract awards within the fiscal year and links corridor development to freight growth and economic and environmental benefits.

Non-fare revenue expansion to reach world average through station redevelopment, land and asset monetisation, advertising and parcel reform.
Indian Railways will pursue non-fare revenue diversification through station redevelopment, leasing land along tracks for productive uses including solar, monetizing passenger and operations data and IRCTC e-commerce opportunities, expanding advertising exploitation, liberalising the parcel business to serve sectors such as e-commerce, and increasing productivity and market orientation of manufacturing to generate targeted annualized revenues.

Reorganization of Railway Board to empower the Chairman and create cross functional directorates for commercial and operational focus.
Proposed Reorganization of Railway Board to align Indian Railways with a corporate objective by restructuring the Board along business lines, empowering the Chairman for unified leadership, and creating cross functional directorates focused on non fare revenue, speed enhancement, motive power and information technology; additionally, exploring cadre unification for recruitment and strengthening the PPP cell to improve ease of doing business.

Rail connectivity expansion advances with broad gauge conversions and tunnelling progress improving access to remote regions.
Better rail connectivity to the North Eastern States and Jammu & Kashmir is a priority, with broad gauge expansion and gauge-conversion projects integrating remote regions. The Lumding-Silchar broad gauge section is operational, Agartala is connected by broad gauge, and gauge-conversion works for Mizoram and Manipur are nearing commissioning. In Jammu & Kashmir the Udhampur-Srinagar-Baramulla link shows substantive tunnelling on the Katra-Banihal section and decongestion and bridge-doubling works are progressing on the Jalandhar-Jammu line to improve capacity and access.

Disabled friendly stations and services expanded: accessible toilets, one-time disability registration, online wheelchair booking and Braille coaches.
Station redevelopment must deliver disabled-friendly infrastructure under the Accessible India Campaign, including at least one disabled-friendly toilet on each platform of A1 class stations; one-time registration for persons with disabilities to claim ticket concessions; online wheelchair booking; and introduction of Braille-enabled coaches, together with increased lower-berth quota for seniors and women and reserved middle bays for women.

Transparency in railway operations through e-procurement and paperless contract management to strengthen accountability and audits.
The Railways commits to comprehensive transparency by migrating recruitment, procurement and contract management onto e-platforms and piloting a paperless electronic contract lifecycle; it also delegates tender powers to Zonal Railways with defined Key Result Areas and MoUs for performance targets, and revamps internal audit through specialised teams and IT-based audit training to detect inefficiencies and strengthen accountability.

Subsidy rationalization keeps consumer support while restructuring fuel excise to fund infrastructure and boost energy investment.
The Budget maintains subsidised LPG and kerosene while advancing Subsidy Rationalization via targeted transfers and voluntary surrender; it preserves total excise incidence on petrol and diesel but restructures levies to increase the additional excise component to fund infrastructure. Strategic underground crude storage caverns will be established and funded; central public sector oil and gas companies receive plan capital expenditure from internal and extra budgetary resources for sector projects. A phased corporate tax reduction and a National Investment and Infrastructure Fund with revitalised PPPs are promoted to attract investment.

Excise exemptions and tariff amendments adjust duty rates, scope of cess relief, and compliance procedures under central excise.
Notifications revise central excise levy and exemptions: rescissions and substitutions amend prior notifications, withdraw or modify exemptions, and set new effective duty rates for specified tariff entries. Measures exempt goods from education-related cesses, provide full exemption for inputs consumed within factories for certain manufactures, adjust duty treatment for petroleum products, beverages, Pan Masala and Gutkha, and change optional duty-with-credit and without-credit regimes. Procedural changes amend Cenvat Credit Rules, packing-machine capacity and duty rules, MRP abatement entries, concessional removal rules to allow Letters of Undertaking in place of bonds, and advance ruling/registration provisions.

Service tax amendments update classifications, reverse charge and exemptions affecting exporters and registration procedures nationwide.
The Budget package amends Service Tax notifications to specify resident firms for Advance Ruling, revise abatement entries, modify the Reverse Charge regime, update the mega exemption schedule, and broaden exporter service exemptions to include land customs stations; it also revises Service Tax Rules, rescinds a redundant notification and issues registration clarifications for single premises filings.

Central Plan Outlay allocations outline sectoral and ministry-wise budgetary distribution and funding sources for the plan period.
Central Plan Outlay tabulates year-on-year Actuals, Budget Estimates and Revised Estimates and presents consolidated plan totals by funding source-Budget Support and Internal and Extra-Budgetary Resources. It disaggregates the Grand Total into sectoral allocations (e.g., Energy, Transport, Social Services, Agriculture) and provides ministry- and department-level line items, with footnotes clarifying inclusion or exclusion of subcomponents such as rural housing and rural roads.

Self-employment facilitation: a techno-financial incubation programme to support startups with incubation, funding and capital access.
The Government announced the establishment of Self Employment and Talent Utilisation (SETU), a Techno-Financial, Incubation and Facilitation Programme to support start-ups and self-employment activities-particularly technology-driven ventures-by facilitating incubation facilities, seed and growth funding, and improved access to global capital to enhance ease of doing business and promote job creation.

Atal Innovation Mission establishment to create a national innovation platform promoting hubs and grand challenges.
Establishment of an Atal Innovation Mission within NITI as an Innovation Promotion Platform uniting academics, entrepreneurs and researchers to foster innovation, R&D and scientific research; promotion of a network of world-class innovation hubs and organisation of Grand Challenges for India; initial public funding allocation to support setup and early activities.

Corporate tax reduction planned with phased cuts alongside exemption rationalisation; GST implementation to subsume education cesses.
A phased corporate tax reduction is proposed alongside rationalisation and removal of exemptions to reduce disputes and broaden the tax base, with advance notice prior to implementation. Simultaneously, implementation of a Goods and Services Tax is planned to create a common market and reduce cascading taxation, and the Education Cess and Secondary and Higher Education Cess are to be subsumed into Central Excise Duty as part of the transition.

National Investment and Infrastructure Fund to mobilise long term capital, enabling the trust to raise debt and invest as equity.
The Budget announces establishment of the National Investment and Infrastructure Fund as a trust with an annual allocation, empowering the trust to raise debt and invest as equity in infrastructure finance companies, thereby enabling those companies to leverage the injected equity to expand infrastructure financing.

Resource transfers to subnational governments outline composition and net transfer across tax shares, grants, loans and recoveries.
Resource transfers to State and UT governments comprise States' share of taxes; Non Plan grants and loans; Central assistance for State and UT plans (grants and loans); and assistance for central and centrally sponsored schemes. These components sum to Total Grants & Loans, less recovery of loans and advances, to produce Net Resources transferred, which is disaggregated between State Governments and UT Governments. The statement also notes direct central releases to implementing agencies and investments from the National Small Savings Fund.

Infrastructure investment increase proposed in Budget leads to higher outlays for roads, railways and PSU capex.
An increase in central funding for infrastructure is proposed for 2015-16, comprising an additional 70,000 crore over 2014-15 from the Centre's funds and CPSE resources. The Budgetary measures earmark higher allocations for roads and augment gross budgetary support to Railways, while public sector unit capital expenditure (CPSE CAPEX) is projected to rise significantly over revised estimates for 2014-15.

Public procurement law proposed to curb malfeasance and a Public Contracts disputes bill to streamline resolution.
The government frames existing implicit carbon taxation on petroleum as internationally comparable and seeks balance on coal taxation versus power prices, launches an electric vehicle adoption and manufacturing scheme and revises renewable energy capacity targets, while proposing a public procurement law, a Public Contracts (Resolution of Disputes) Bill to streamline dispute resolution, and a Regulatory Reform Law to harmonise infrastructure regulation.

Debt servicing burden increases, raising interest share of revenue receipts and constraining fiscal space and allocations.
Allocation separates Non Plan and Plan expenditure into revenue and capital components: major revenue non plan heads are interest payments, defence, subsidies, grants to states and pensions; capital non plan includes defence capital and loans. Plan expenditure distinguishes central plan and central assistance to state and UT plans across revenue and capital. Debt servicing aggregates repayment and interest payments and is compared with revenue receipts to indicate interest to receipts pressure on fiscal space.

National Skills Mission consolidates skill training across sectors; Student Financial Aid Authority to centralize scholarships and educational loans access.
The National Skills Mission will consolidate inter-ministerial skill initiatives and standardize procedures across 31 Sector Skill Councils, complementing rural vocational measures delivered through digital vouchers; separate vocational infrastructure projects and apprenticeship institutes are proposed for targeted States.

Regulatory consolidation of commodity forward markets strengthens oversight by merging regulators to curb speculation and align capital flow control.
Proposal to merge the Forwards Markets Commission into the securities regulator via enabling legislation in the Finance Bill to strengthen oversight of commodity forward markets and reduce speculation, together with a proposed amendment to foreign exchange law vesting government control over capital flows treated as equity to be exercised in consultation with the central bank.