Highlights Of Union Budget @ Govt proposed Rs 2.29 lakh crore for Defence budget. @ Rs 14,389 crore provided for Pradhan Mantri Gram Sadak Yojana. @ Increase in investment limit u/s 80c from 1,00,000 to 1,50,000. Senior Citizen tax exemption limit raised to Rs. 3 lakhs.Interest on Housing Loan deductions up from 1,50,000 to 2,00,000 @ In order to give major boost to tourism, e-visas to be introduced at 9 airports to facilitate visas on arrival @ Rs 3,600 crore provided for safe drinking water in 20,000 habitations in villages facing problem of impure drinking water. @ Rs 500 crore allocated for construction of long-pending Renuka dam in Delhi on priority @ 200 Cr set aside as a central fund 4 construction of Statue Of Unity - worlds tallest statue 2 commemorate Sardar Patel. @ Rs 150 crores for the Home Ministry to spend on womens safety. FM announces Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund @ Deen Dayal Upadhaya Gram Jyoti Yojana to be launched to augment power supply in rural areas. Govt committed to providing 24/7 power supply to all homes. @ Single DMAT account for all transactions. @Pradhan mantri krishi sichayin yojana to be started for irrigation. @ Rs. 8000 crore set aside for National Housing Banking programme @ FM Jaitley proposes to set up 5 new IIMs and 5 new IITs. Four new AIIMS will be in Andhra Pradesh, West Bengal, Vidarbha and Purvanchal @ Rs.100 crore will be spent on virtual class rooms for online education. @ FM proposes National Housing Banking programme; sets aside Rs. 8000 cr for this programme @ FM proposes 12 more Govt Medical colleges with dental facilities @ Young Leaders Programme to be set up with Rs. 100 cr @ Rs 100 cr set aside for development of Technology Development Fund @ Urban renewal will address drinking water, use of recycled water, solid waste management, digital connectivity; 500 habitats supported @ Rs 100 cr set aside for Community Radio Centres; 600 new and existing ones will be supported @ Mission for low cost housing proposed to incentivise development of low cost housing; Rs. 400 cr announced @ National Rural Internet and Technology Mission; Rs. 500 crores set aside @ National Rural Internet and Technology Mission; Rs. 500 crores set aside @ Development of Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmedabad and Lucknow @ AP, Rajasthan to get agriculture university; Telangana to get horticulture university. @ Money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised: @ 49 per cent FDI in defence with full management control with Indian side. @ Rs 50 cr set aside for indigenous cattle breed and blue revolution for inland fisheries @ Finance of 5 lakh landless farmers through NABARD @ Govt will initiate scheme to provide a soil health card; Rs. 100 cr set aside. Rs. 56 cr for soil testing labs across the country @ Slum development to be included in Corporate Social Responsibility activities @ 15 new Brail presses to be established and revival of 10 existing announced by FM @ All govt departments and ministries to be integrated through E-platform by 31 Dec this year @ Rs.100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues @ Rs 50 crore set aside for indigenous cattle breed and blue revolution for inland fisheries @ National Adaption Fund for climate change to be set up. @ 200 crores to setup 6 new textile clusters in Rae Bareli, Lucknow, Surat, Bhagalpur @ A hasthkala academy for revival of handicrafts, 30 cr set aside. @ Govt proposes to set up 100 smart cities. Govt to provide Rs 7,060 crore for development of such cities: @ New airports to be developed through PPP mode. @ In order to complete gas grid, 15000 km of additional pipeline to be developed through PPP mode. @ 4200 crore set aside for Jal Marg Vikas project on river Ganga connecting Allahabad to Haldi,over 1620 km @ Rs 50,548 Cr proposed for SC development. @ Rs 100 cr for development of Archaeological sites. Gaya to be developed as world class tourism spot @ War memorial to be set up along with a war museum; Rs. 100 cr set aside for this. On same line FM proposed to set aside Rs 50 cr for construction of National Police Memorial. @ Deen Dayal Upadhaya Gram Jyoti Yojana to be launched to augment power supply in rural areas.Govt committed to providing 24x7 power supply to all homes. @ National Center for Himalayan studies to be setup in Uttarakhand. @ 500 cr for displaced Kashmiri migrants. @ Sports University to be setup in Manipur. Rs 200 cr set aside for upgradation of indoor and outdoor stadium in J&K to international standards. National Sports Academies to be setup to mainstream sports in the country. @ Rivers are the lifeline of the country 2,037 cr. set aside for integrated Clean Ganga plan @ Rs 1,000 crore set aside over an above the interim Budget allocation to improve rail connectivity in NE region. @ Rs 100 cr set aside for development of organic farming in north east region. FM announces Arun Prabha channel for NE region; will be 24/7 channel. @ Holistic approach to health, sports equipment to be cheaper, cigarettes, gutkha and cigars to be expensive @ 10 Year Tax holiday for Power Generation and Transmission Companies.
Posted on: Thu, 10 Jul 2014 08:17:55 +0000