Highlights of the Budget:
Basic custom duty on LCD and LEDs below 19 inch reduced to zero from 10 per cent.
Imported electronics goods to cost more. A cess to be introduced
Sugary carbonated drinks to get costlier
Cigarettes, gutkas, cigars to cost more
CRT TVs exempted from customs duty to help poor
No change in income tax rates; personal income tax exemption limit raised from Rs 2 lakh to Rs 2.50 lakh
Propose to increase investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh
Tax exemption on interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh
Tax exemption limit for senior citizens changed from Rs 2.5 lakh to Rs. 3 lakh
10 year tax holiday for power companies who start production and distribution on March 31, 2017
Revenue deficit pegged at 2.9 per cent of GDP
Budget proposes Plan expenditure of Rs 5,75,000 crore for current ficsal.
Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
Airports to be developed in tier 1 and 2 cities, 16 new port projects to be awarded this year
Investment in NHAI and state highways to the tune of Rs 37,887 crore, including Rs 3000 crore for North East
Govt committed to providing 24x7 power supply to all homes: FM
Single KYC norms for all financial services and one demat account for all financial products
Rs 500 crore for solar power development project in Tamil Nadu and Rajasthan
Rs 11,600 cr for developing outer harbour projects Rs 11,600 cr for developing outer harbour projects
Mining issues to be resolved on priority
Govt proposes to set up 100 smart cities.
Govt to provide Rs 7,060 crore for development of such cities:
20 new industrial clusters announced
We will examine proposal to give greater autonomy to banks: FM.
Budget proposes 49 per cent FDI in insurance through FIPB route
Propose to provide finance to 5 lakh landless farmers through NABARD
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Rs 3600 cr set aside for National Rural Drinking Water: FM
We will examine proposal to give greater autonomy to banks: FM.
Budget proposes 49 per cent FDI in insurance through FIPB route
Propose to provide finance to 5 lakh landless farmers through NABARD
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Rs 3600 cr set aside for National Rural Drinking Water: FM
Rural housing: Rs 8000 crore for national housing banking programme
FM announces development of Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmedabad and Lucknow
Each year government will be adding AIIMS to ensure there is an AIIMS in every state: Jaitley
Rs 100 crores to set up virtual classrooms
Rs 500 crores for setting up 5 more IIMs and IITs
FM Proposes to enhance the scope of income tax settlement commission
Rs 7,060 crore allocated for building new cities
Jaitley announces e-visas to promote tourism
The government is committed to the welfare of scheduled castes and tribes.
Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes
Government is committed to providing 24x7 electricity in all houses
Jaitley announces Skill India, a programme to train youth for jobs
Equity in PSU banks to be raised through share sale to the public
Rural housing: Rs 8000 crores for national housing banking programme
MGNREGA programme to made more productive
Women's safety: Rs 100 crores for Beti Bachcao, Beti Padhao Yojana
Senior Citizens Pension Plan Extended Till August 2015
Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM
We need to revive growth particularly in manufacturing sector and infrastructure: FM
Anti-poverty programmes will be targeted well.
Will leave no stone unturned to create a vibrant India: FM.
Should not allow economy to suffer because of indecisiveness and populism: Finance Minister Arun Jaitley
Finance Minister emphasizes on fiscal prudence, need to generate more resources
Target of 4.1 per cent fiscal deficit is daunting but accepting it as a challenge: FM
Defence FDI cap raised to 49% from 26% at present
Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector
All retro tax cases to be scrutinized by a high-level committee
Arun Jaitley said the Budget is a beginning of journey to return to 7-8% growth.
Fiscal deficit for 2014-15 pegged at 4.3% and for next year at 3%
Poor suffer the most, we have to ensure anti-poverty programmes are well targeted.
Tax-GDP Ratio Must Be Improved, says Jaitley
Can't spend beyond our means, need fiscal prudence.
Looking forward to lower inflation
Highlights of the Budget:
Basic custom duty on LCD and LEDs below 19 inch reduced to zero from 10 per cent.
Imported electronics goods to cost more. A cess to be introduced
Sugary carbonated drinks to get costlier
Cigarettes, gutkas, cigars to cost more
Cigarettes, gutkas, cigars to cost more
CRT TVs exempted from customs duty to help poor
No change in income tax rates; personal income tax exemption limit raised from Rs 2 lakh to Rs 2.50 lakh
Propose to increase investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh
Tax exemption on interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh
Tax exemption limit for senior citizens changed from Rs 2.5 lakh to Rs. 3 lakh
10 year tax holiday for power companies who start production and distribution on March 31, 2017
Revenue deficit pegged at 2.9 per cent of GDP
Budget proposes Plan expenditure of Rs 5,75,000 crore for current ficsal.
Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
Airports to be developed in tier 1 and 2 cities, 16 new port projects to be awarded this year
Investment in NHAI and state highways to the tune of Rs 37,887 crore, including Rs 3000 crore for North East
Govt committed to providing 24x7 power supply to all homes: FM
Single KYC norms for all financial services and one demat account for all financial products
Rs 500 crore for solar power development project in Tamil Nadu and Rajasthan
Rs 11,600 cr for developing outer harbour projects Rs 11,600 cr for developing outer harbour projects
Mining issues to be resolved on priority
Govt proposes to set up 100 smart cities.
Govt to provide Rs 7,060 crore for development of such cities:
Govt to provide Rs 7,060 crore for development of such cities:
20 new industrial clusters announced
We will examine proposal to give greater autonomy to banks: FM.
Budget proposes 49 per cent FDI in insurance through FIPB route
Propose to provide finance to 5 lakh landless farmers through NABARD
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Rs 3600 cr set aside for National Rural Drinking Water: FM
We will examine proposal to give greater autonomy to banks: FM.
Budget proposes 49 per cent FDI in insurance through FIPB route
Propose to provide finance to 5 lakh landless farmers through NABARD
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Rs 3600 cr set aside for National Rural Drinking Water: FM
Rs 3600 cr set aside for National Rural Drinking Water: FM
Rural housing: Rs 8000 crore for national housing banking programme
FM announces development of Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmedabad and Lucknow
Each year government will be adding AIIMS to ensure there is an AIIMS in every state: Jaitley
Rs 100 crores to set up virtual classrooms
Rs 500 crores for setting up 5 more IIMs and IITs
FM Proposes to enhance the scope of income tax settlement commission
Rs 7,060 crore allocated for building new cities
Jaitley announces e-visas to promote tourism
The government is committed to the welfare of scheduled castes and tribes.
Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes
Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes
Government is committed to providing 24x7 electricity in all houses
Jaitley announces Skill India, a programme to train youth for jobs
Equity in PSU banks to be raised through share sale to the public
Rural housing: Rs 8000 crores for national housing banking programme
MGNREGA programme to made more productive
Women's safety: Rs 100 crores for Beti Bachcao, Beti Padhao Yojana
Senior Citizens Pension Plan Extended Till August 2015
Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM
We need to revive growth particularly in manufacturing sector and infrastructure: FM
Anti-poverty programmes will be targeted well.
Will leave no stone unturned to create a vibrant India: FM.
Should not allow economy to suffer because of indecisiveness and populism: Finance Minister Arun Jaitley
Finance Minister emphasizes on fiscal prudence, need to generate more resources
Target of 4.1 per cent fiscal deficit is daunting but accepting it as a challenge: FM
Defence FDI cap raised to 49% from 26% at present
Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector
All retro tax cases to be scrutinized by a high-level committee
Arun Jaitley said the Budget is a beginning of journey to return to 7-8% growth.
Fiscal deficit for 2014-15 pegged at 4.3% and for next year at 3%
Poor suffer the most, we have to ensure anti-poverty programmes are well targeted.
Tax-GDP Ratio Must Be Improved, says Jaitley
Can't spend beyond our means, need fiscal prudence.
Looking forward to lower inflation
Achhe din?
The budget proposals will be assessed against Modi’s promise of achhe din.
If the decisions taken so far by the new government are any indication, it is almost certain that the budget will include some bitter pills. Fiscal consolidation through cuts on expenditure and raising the disinvestment target could become the cornerstone of the budget. Such measures are bound to lift the mood on the stock exchanges.
But answers will be expected for some bread-and-butter questions, too: will the unemployed get work? Will prices stabilise? Will the measures be enough to ring in the achhe din for over 363 million — around 29.6 per cent of the population — categorised as poor in the recently published Rangarajan committee report?
Most important, will the ideas in the budget be pivotal enough to be classified as Jaitleynomics, the worthy successor to the Manmohanomics of the 1990s?
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