BUDGET Highlights till now → * Allocation of Rs.150 crore to improve safety of women in larger cities * Allocation of Rs.500 to provide 24x7 power in rural areas * Allocation of Rs.100 crore for Beti bachao, beti padao programme * Allocation of Rs.8,000 crore to improve rural housing * E-visas to be introduced at nine airports * New scheme to provide assured irrigation * Total sanitation in every household by 2019 * Shares of PSU banks to be sold to retail investors * Aiming at fiscal deficit of 3 percent by 2015-16 and 2 percent by 2016-17 * FDI in defence sector raised to 49 percent from 26 percent * CBDT to scrutinize all cases under 2012 law on retrospective tax cases * Problem of black money to be fully addressed * Expenditure Management Commission to be established this fiscal * Slow decision-making has resulted in lost opportunities * Green shoots of recovery in world economy * Budget will lay down steps aimed at 7-8 percent growth in next few years * The aim is Sub ke saath, sub ka vikas (With everyone, For everyones development) FDI * To hike FDI in insurance to 49% * FDI in several sectors provides additional resources * To hike FDI in defence to 49% * NDA policy to encourage FDI in selective sectors * Domestic defence mfg sector at nascent stage * FDI in selected sectors to help larger interest of country . SUBSIDIES * Aim to make food subsidy better directed, more inclusive * To review food, fuel subsidy * Food, oil subsidy to be more targeted * New urea policy will be formulated . EDUCATION * To set up five more IITs, 5 more IIMs * Allots 5 bln rupee to set up more IITs, IIMs * Plan IIMs in Punjab, Odisha, Bihar, Maharashtra, Himachal * Plan 5 more IITs in Chattisgarh, Goa, J&K, Andhra, Kerala * To start Pandit Madan Mohan Malaviya Teaching Programme * Allots 2 bln rupees for new agri, horticulture universities * Plan to have horticulture university in Haryana, Telangana * Plan to set up agricultural university in Andhra, Rajasthan * Allocate 1 bln rupees for modernisation of Madrasas * Allots 1 bln rupee to set up 2 farm research institutes * Allocate 49.66 bln rupees for national secondary edu plan * Allocate 286.35 bln rupees for national education plan * Plan 12 more govt medical colleges with dental facilities * Allots 286.35 bln rupee for Sarva Shiksha Abhiyan * 12 more govt medical institute to be added * To create AIIMS in every state in coming years * Plan AIIMS institutes in Andhra, Bengal, Vidarbha . GENDER JUSTICE * School curriculum to have chapter on gender sensitivity * Plan crisis mgmt centre in Delhi hospital via Nirbhaya Fund * To spend 1 bln rupees for beti bachao, beto padhao scheme * 500 mln rupee to road min for pilot project on women safety * School curriculum to have chapter on gender sensitivity * To set aside 1 bln rupees girl child education scheme . TECHNOLOGY BOOST * To allow mfg cos to sell pdts on e-commerce platform freely * Special focus on software exporting start-ups * Allots 5 bln rupee for rural broadband p Personal Income Tax slab raised to 250000 from 200000, 3 lacs for Senior Citizens 80C deduction increased to 1.5 lacs from 1 lacs... Interest on Home loan 2 lacs from 1.5 for deduction . .
Posted on: Thu, 10 Jul 2014 17:35:52 +0000
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