UNION
BUDGET 2014-15 HIGHLIGHTS
A Rs
37,800 crores proposed for NHAI and State Highways, and Rs 3,000 crores for
roads in North East
A Pension
scheme for senior citizens being revived
A Spl
plan for SC & ST
A Deen
Dayal Upadhaya Gram Jyoti Yojana to be launched to augment power supply in
rural areas
A Open
market sale of food grains, wherever required
A Community
radio stations & Kisan TV for farmers
A Rs
500 crore to set up four more AIIMS
A Rs.
2037 crores for Ganga cleaning
A Rs
100 crore for Madrasa modernisation
A Pilot
scheme for safety of women in public transport
A Beti
Bachao-Beti Padhao Yojna announced
A Mobile
phones & online advertisements within tax net
A Aerated
drinks to be more expensive
A Cigarettes
to cost more, excise duty hiked from 11% to 72%
A Personal
computers, electronic goods to be cheaper
A Proposal
to make CRT TVs cheaper
A Basic
customs duty on LED panel below 19 inch removed
A Soaps
and oil products to become cheaper
A Excise
duty on footwear reduced from 12% to 6%
A Excise
duty concessions to continue till 31st Dec
A Annual
deposit under PPF scheme raised from Rs. 1 lakh to 1.5 Lakhs
A National
industrial corridor to be set up with Pune at centre
A Banks
to give long term infra loans
A 10-year
Tax holiday for power sector to continue
A Single
D-mat A/c for all financial transactions
A Rs.
4200 crores for Ganga project river connectivity from Allahabad to Haldia
A Five
IITs and five IIMs to be set up
A Tax
relief for interest on housing loan raised from Rs. 1.5 lakh to 2 lakh
A Deduction
under 80C increased from Rs.1 lakh to Rs. 1.5 lakh
A Education
cess to continue at 3%
A No
change in surcharge
A Personal
Income Tax exemption ceiling raised from Rs 2 lakh to Rs. 2.5 lakh; for senior
citizens to Rs 3 lakh
A No
change in Direct Tax rates
A War
Memorial to be set up at Princess Park, New Delhi
A Pending
Insurance Amendment Bill to be taken up in Parliament
A 15000
KM of additional pipeline through PPP mode to complete Gas Grid
A Govt
to examine proposal to give additional autonomy to banks
A Rs
1,000 crore for one rank one pension policy adopted by govt
A Committed
to 4% growth in agriculture
A Six
debt recovery tribunals to be set up
A Ultra
modern solar power projects to be set up
A Rs
11,635 crores for habour projects
A Rs
10,000 crores set aside for start up firms
A Mumbai
infra corridor to be completed on schedule
A Investment
in mining sector to be encouraged
A Financial
sector to be at heart of economic growth
A Rs
200 crore for Sardar Patel statue project in Gujarat
A Rs
1000 crores proposed for Pradhanmantri Krishi Seechai Yojana to improve
irrigation facility
A Rs
30 crore for setting up Hasthkala Academy for revival of handicrafts
A MSME
definition to be revised for high capital ceiling
A Effective
steps to be initiated to revive SEZs
A Total
sanitation by 2019
A Rs
14,389 crore announced for Pradhan Mantri Gram Sadak Yojna, PMGSY
A Over
Rs 7000 crore for creating smart cities
A Rs
1,785 crore for road under-bridges & over-bridges
A New
Agri univs for AP and Rajasthan and Horticulture univs for Haryana, Telangana
A Rs
4,000 crore for National Housing Bank for flow of cheap housing finance
A Government
to print currency notes with braille-like signs to help the blind
A GST
to be introduced soon; legislation process to be completed this year
A Slum
development to be included in CSR activities
A Rs
3600 crore for National Rural Drinking Water programme
A FDI
in defence sector proposed to be hiked to 49 percent
A Composite
cap on FDI in insurance proposed to be raised from 26% to 49%
A High
panel to review retro-tax cases
A 15
Model Rural Health Research centers for rural health issues
A 12
more govt medical colleges proposed with dental facilities
A Reducing
fiscal deficit to 4.1 % daunting: FM
A National
multiscale Skill India programme to provide training and support for employment
A E-Visa
facility to be started in a phased manner at 9 airports to promote tourism
A 15
new Braille presses to be established; 10 existing to be revived
A Government
to leave no stone unturned to create a vibrant India
A New
urea policy will be formulated
A Govt
aims to achieve 7- 8 % economic growth rate in next 3-4 years
A Centre
looks forward to low inflation regime
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