-
Tobacco products to cost more. Excise duty increased b/w 11-72%
-
Indirect Tax proposals to yield additional revenue of Rs 7,000 cr
-
FM proposes cut in basic customs duty on some petrochemical units
-
To expand horizon of service tax
-
Excise duty slashed to 6% from 12% on footwear
-
Basic custom duty on LCD, LEDs below 19 inches reduced to nil from 10%
-
Online and mobile advertising come under service tax umbrella
-
Impact: Excise duty on cigarettes increased..unlikely to have any impact as it is a pass through cost
-
To cut excise duty on packaging machinery to 6%
-
Tax rebate on dividend by foreign companies retained
-
To cut excise duty on food processing to 6% from 10%
-
Interest cap on Self-occupied houses raised to Rs 2 lakh from Rs 1 lakh
-
Income tax exemption limit for senior citizens raised to Rs 3 lakh frm Rs 2.5 lakh
-
Impact: Rs 5000 per annum benefit for individuals from hike in tax limit
-
No change in tax rate, exemption limit raised form Rs 2 lakh to Rs 2.5 lakh for general assessees
-
No change in tax rate, exemption limit raised form Rs 2 lakh to Rs 2.5 lakh for general assessees
-
Revenue deficit to be 2.9% in FY15
-
Fiscal deficit to be 4.5% of GDP in FY15
-
Proposes retain direct and indirect tax targets set by UPA govt
-
Total expenditure at Rs 17.9 lakh cr for Fy15
-
Plan expenditure at Rs 5.75 lakh cr
-
Rs 2.29 lakh cr allocated for defence sector
-
Non planned expenditure pegged at 12,19,892 cr
-
Govt to set up national sports academy for different sports in different parts of the country
-
Biotech clusters proposed for Bangalore and Faridabad
-
Rs 100 cr earmarked for promoting organic farming in north east
-
Impact: gas network to be doubled -- will benefit pipe manufacturers
-
Rs 100 cr proposed for War memorial and war museum
-
Allocate Rs 2.29 lakh cr for defence sector
-
Impact: Banks being allowed to raise long term loans to help meet their asset liability mismatch in funding infra projects
-
Armed forces modernisation: Defence outlay hiked by Rs 5,000 cr over and above amount set aside in interim budget
-
Propose to revitalise small savings schemes
-
PPF Annual ceiling to be hiked from Rs 1,00,000 to Rs 1,50,000
-
Propose to take up pending insurance bill
-
New Indian Accounting norms for financial sector from FY17
-
Banks will be encouraged to give long-term loans to infra
-
Six new Debt recovery tribunals to be set up
-
FM pushes for time-bound consolidation of PSU banks
-
Will consider consolidation of PSU banks
-
Single demat account, uniform KYC norms proposed
-
Ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 cr
-
Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme
-
New & renewable energy deserves high priority;ultra modern power projects to be taken up in Rajasthan,Tamil Nadu, Ladakh with Rs 500 cr
-
Will develop 15,000 km of gas pipeline via PPP
-
To complete gas grid in the country, focus on piped gas
-
New airports to be developed through PPP mode
-
Coal India to benefit from government thrust of coal linkages
-
Adequate coal to be given to existing coal projects
-
Rs 100 cr for national industrial corridor based in Pune
-
Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme
-
FM proposes Industrial Smart Cities in 7 cities
-
Rs 500 cr for solar power projects
-
All govt departments and ministries to be integrated through E-platform by 31 Dec this year
-
Aim to rationalise coal linkages
-
FM proposes PPP model for development of metro railway networks
-
Impact: New Airport development -- GMR and L&T can benefit
-
Scheme for development of new airports in tier-I and tier-II cities
-
Pune is the capital of industrial corridor -- real estate companies in the city will be major benefeciary
-
Rs 100 cr for preparatory work to promote thermal power
-
Rs 37500 cr investment in highways and roads
-
Propose Rs 10,000 cr fund for start-up firms
-
Rs 11,644 cr will be allocated for 16 new port projects
-
Target of Rs 8,00,000 cr for farm credit in FY14-15
-
5 more IITs, IIMs in the country; allocation Rs 500 cr
-
Committed to SEZ revival
-
Plan 6 more textile clusters with Rs 200 cr allocation
-
Aim for Rs 8 lakh cr farm credit in FY15
-
Proposes six more textile clusters in Surat, Lucknow and other centres, earmarks Rs 200 cr
-
Equity infusion of Rs 2,40,000 cr in banks targeted: FM
-
Higher capital ceiling proposed for MSMEs
-
Rs 7060 cr given to develop 100 smart cities
-
Govt committed to provide 24*7 power supply to all
-
Additional 3% subsidy on farm loans on timely repayment.
-
Rs 100 crore for Beti Bachao, Beti Padhao Yojana, for women empowerment
-
SEZ revival to help Jai Corp, BF Utilities among others
-
Restructuring Food Corp of India will be priority
-
Plan to finance 5 lakh landless farmers through NABARD
-
Rs 100 cr proposed for agriculture infra fund
-
FM sees Farm sector growth at 4% during FY15%
-
Speedy disposal of Tax disputes expected to help a number of listed companies
-
Real Estate and Infra companies to benefit from revised REITs norms
-
All retrospective tax cases to be scrutinised by high-level committee
-
Need to attract PPP in food sector
-
Composite cap of FDI raised to 49% in insurance
-
Rs 5,000 cr earmarked for ramping up warehousing for farm produce
-
Propose to continue interest subvention for farmers
-
See FY15 agricultural growth at 4%
-
FM proposes Rs 100 cr to end gender discrimination
-
Price stabilisation fund and direct sale of farm products to farmers to help control inflation and bring down interest rates
-
Rs 12,000 cr allocated to NHB
-
Committed to proving tax regime that is stable and investor friendly
-
Rs 4000 cr for affordable housing through NHB
-
Monsoon unpredictable this year
-
Rs 4000 cr for affordable housing through NHB
-
FM: Rs 50,548 cr set aside for SC development
-
Need to introduce fiscal prudence that will reach to fiscal consolidation
-
FM: Rs 200 cr set aside to support Gujarat govt in the Sardar Patel statue installtion
-
Tax-GDP ratio must be improved
-
Agriculture is most prone to climate change; Rs 100 cr fund to bet set up to meet challenge
-
FM Jaitley resumes budget speech
-
Jaitley takes unprecedented break, to resume in 5 mins
-
Steps announced in budget to take Indian economy to 7-8% growth in coming years
-
Affordable housing for all by 2020
-
-
There are green shoots of recovery being seen in global economy: Jaitley
-
Slow decision making has resulted in loss of opportunity. Two years of sub-5% growth has resulted in challenging situation
-
To allocate Rs 100 cr for metro projects of Lucknow, Ahmedabad
-
Infra invetsment trusts to be set up to scrutinise infra projects
-
-
-
Rs 3600 cr for national rural drinking water programmes for providing safe water for village areas
-
Propose Rs 100 cr for rural enterpreneurship scheme
-
Water treatment companies like Thermax, VA Tech Wabag and Ion Exchange to gain from clean water scheme announced
-
To focus on more productive asset creation under NREGA
-
Extend senior citizens' pension plan till Aug 2015
-
Proposes start-up village entrepreneurship scheme, earmarks Rs 100 crore
-
15 new presses and modernisation of existing presses for visually challenged; special currency to cater to these citizens
-
Rs 150 cr to increase safety of women
-
FM says is committed to supply 24x7 power to all households
-
To allocate Rs 500 cr for new rural power plan
-
Will examine proposal to give greater autonomy to banks
-
Rs 1000 cr to be set aside for irrigation schemes
-
To provide incentive for REITS
-
e-Visas to be introduced in phased manner to encourage tourism in 9 airports
-
100 smart cities on the anvil, they will be satellites to major cities
-
Will sell shares in banks to retail investors
-
Greater autonomy for banks proposed: FM
-
FDI in insurance to help banks and NBFCs with insurance subsidiary
-
Composite cap of FDI in defence raised to 49%
-
Propose changes in transfer pricing regulations
-
Hope we can bring a solution to GST this year
-
Will not change rules on retrospective taxation
-
All retro tax cases will be scrutinised buy high level commission
-
Will overhaul subsidy regime, especially food and fuel
-
New urea policy to be formulated
-
Will meet fiscal deficit target of 4.1%
-
FY17 target for fiscal deficit at 3%
-
Fiscal deficit target at 3.6% for 2015-16
-
FM says target of 4.1% fiscal deficit is daunting but will take on challenge
-
Fiscal deficit target of 4.1% daunting
-
Fiscal prudence is of prime importance
-
Need to revive growth in manufacturing, infrastructure sectors
-
Prevailing economic situation is a great challenge
-
We need to ensure that programs for the poor are properly targetted
-
Two years of sub-5% growth has resulted in challenging situation for country: FM
-
The people of India have voted for change. India desires to grow: Jaitley
-
FM begins budget speech in Parliament
-
Finance Minister Arun Jaitley to present Union Budget 2014 at 11 am
-
Finance Minister Arun Jaitley to present Budget shortly
-
Cabinet approves Union Budget 2014
-
Union Cabinet Meet at Parliament ends
-
Finance Minister Arun Jaitley briefs Union Cabinet on the Budget
-
Markets trade flat ahead of Budget; S&P BSE Sensex trading at 25438, down 6 points while CNX Nifty slips 8 points to 7576
-
Rupee is up 12 paise against the dollar ahead of Union Budget
-
Finance Minister Arun Jaitley reaches Parliament
