Here are the highlights of Union Budget 2014 tabled by finance
minister Arun Jaitley in Lok Sabha on 10 July 2014.
* Indian Custom Single Window Project to be
taken up for facilitating trade.
*
Clean energy cess increased from Rs 50/ tonne to Rs 100/tonne.
*
Additional 5% excise tax to be levied on aerated drinks with added sugar (cold
drinks). Tobacco products also to get costly as excise duty hiked to 72%.
*
Government announces reduction in excise duty for specified food package
industry from 10% to 6%.
*
Excise duty on footwear reduced from 12% to 6%
*
Government announces measures to encourage manufacture of LCD/LED panels of
TVs.
*
Housing loan rebate to raised from Rs 1.5 lakh to Rs 2 lakh.
*
Government proposes to increase investment limit under Section 80C from Rs 1
lakh to Rs 1.5 lakh.
*
Tax exemption limit for small and marginal, and senior tax payers changed from
Rs 2.0 to Rs 2.5 lakh. For senior citizens, no tax for income up to Rs 3 lakh
per annum.
*
No changes in tax rate.
*
PPF limit to be raised to Rs 1.5 lakh.
*
Rs 100 crore for training of sportspersons for upcoming Asian Games.
*
Government announces Rs 150 crore for communication needs of Andaman and
Nicobar islands.
*
Government announces Arun Prabha channel for northeastern region; will be 24/7
channel.
*
Rs 1000 crore provided for rail connectivity in northeastern region.
*
National Police Memorial to be set up. Rs 50 crore set aside for this purpose.
*
Rs 100 crore War Memorial at Princess Park, India Gate.
*
Policy of One Rank One Pension to be adopted for defence personnel.
* RBI will create framework for licenses of
small banks.
*
Rs 37, 800 crore allotted for National Highways.
*
In order to complete gas grid, 15000 km of additional pipeline to be developed
through PPP mode.
* Rs 4200 crore set aside for Jal Marg Vikas
project on river Ganga connecting Allahabad to Haldia , over 1620 km.
*
Rs 100 crore set aside for Kisan Television to provide real time information on
various farming and agriculture issues.
*
Agriculture University in Andhra Pradesh and Rajasthan, and Horticulture
University in Haryana, Telangana; Rs. 200 cr set aside by the government.
*
Govt announces Rs 100 crore for modernization of madrassas.
*
Rs 100 crore set aside for Community Radio Centres; 600 new and existing ones
will be supported.
*
5 more IITs and 5 IIMs to be set up .
*
Propose to set up four more AIIMS; Rs. 500 crore set aside for this. Six new AIIMS
started recently have become functional. Four new AIIMS will be set up in
Andhra Pradesh, West Bengal, Vidarbha and Purvanchal.
*
Govt proposes National Housing Banking programme; sets aside Rs 8000 crore for
this program.
*
Crisis Management Center for women at Delhi; money to be provided from Nirbhaya
fund.
*
Govt announces Beti Padhao, Beti Badhao Yojana; sets aside Rs 100 crore for
this.
*
EPFO will launch a unified account scheme for portability of Provident Fund
accounts.
* Govt committed to providing 24/7 power supply
to all homes. Deen Dayal Upadhyay Gram Jyoti Yojna for electricity supply to
rural areas.
*
Rs 200 crore for 'Statue of Unity' of Sardar Vallabh Patel.
*
E-visas to be introduced at nine airports in India in phased manner.
*
FDI in insurance to be increased to 49%.
*
FM announces FDI in defence up from 26 to 49 % with Indian management and
control.
*
Aim to achieve 7-8 per cent economic growth rate in next 3-4 years.
Budget Speech English: Click Here
Budget Key Features English: Click Here
0 comments:
Post a Comment