Highlights of Budget 2014-15 (Source: ET, CNBCTV18) see point number 13 After 2018 India progresses will start, till govt try to do block (cover) big hole first and second filling it & come out from emptyness. 1. To Meet 4.1% Fiscal Deficit Target. 2. FY16 FISCAL DEFICIT TARGET AT 3.6%. 3. FY17 FISCAL DEFICIT TARGET AT 3%. 4. To Overhaul Subsidy Regime, Especially Food & Fuel. 5. To Formulate New Urea Policy. 6. Govt will constitute an Expenditure Management Commission. 7. Hope We Can Bring A Solution To GST Issue This Year. 8. Committed to providing a stable, investor-friendly tax regime. 9. Will Not Change Rules On Retrospective Taxation. 10. This govt will not create any law which will retrospectively lead to tax liability. 11. FDI in defence raised to 49%. 12. Insurance FDI raised to 49%. 13. Need to infuse Rs2.4Lcr in PSU banks by 2018. 14. To Sell Shares In Banks To Retail Investors. 15. Pass-through Status For REITs. 16. To raise #FDI #insurance to 49% | Need over Rs 2 lakh crore to fund #PSU banks. 17. Will Examine Proposal To Give Addl Autonomy To Banks. 18. PSUs Plan Rs.2.47 Lk Cr Capex In FY15. 19. E-commerce sales in #retail allowed without additional approval. 20. To Give Rs.7,060 Cr To Develop 100 Smart Cities. 21. Allocate Rs.1,000 Cr For PM Irrigation Scheme. 22. Plan Kisan Vikas Patra For Banked, Unbanked Population. 23. To Allocate Rs.500 Cr For New Rural Power Plan. 24. Allocate Rs.50,500 Cr For Scheduled Caste, Tribe Schemes. 25. Extend Senior Citizens Pension Plan Till August 2015. 26. To Allocate Rs.500 Cr For New Rural Power Plan. 27. To Give Rs.14,389 Cr For Rural Roads Development. 28. Rs 150 crore to be spent on safety of women in all cities. 29. Rs 500 crore allocated for 4 new AIIMs. 30. Rs 6500 crore allocated for safe drinking water. 31. Infra Invst Trusts To Be Set Up To Securitise Infra Projs. 32. FM Arun Jaitley proposes to set up 5 new #IIMs and 5 new #IITs. 33. Allocating 500 cr for 4 new AIIMS units; to create AIIMS in all States. 34. FM Arun Jaitley proposes National Rural Internet and Technology Mission; Rs. 500 crores allocated. 35. To spend Rs 28635 cr for Sarva Siksha Abhyaan. 36. To Allocate Rs.100 Cr For Metro Projs For Lucknow & Ahmedabad. 37. Rs.4,000 Cr For Affordable Housing Via NHB. 38. Rs4000 crores for National Housing Bank for low-cost housing. 39. To Allocate Rs.12,000 Cr To NHB. 40. Plan Rs.50,000 Cr For Municipal Debt Management For Infra. 41. Rs. 100 cr for modernisation of madrasas. 42. Plan Rs.50,000 Cr For Municipal Debt Management For Infra. 43. Allocate Rs.100 Cr For Agri Infra Fund. 44. Proposes 50000 cr for urban infra projects; proposes Metro projects in cities with 20 lk people. 45. Allocating 100 cr to set up Agri Infra Fund. Allocating 200 cr to set up Agri Univs in Haryana, states. 46. See FY15 Agricultural Growth At 4%. 47. Propose To Continue Interest Subvention For Farmers. 48. To Set Aside Rs.8 Lk Cr For Farm Credit In FY15. 49. Plan To Finance 5 Lk Landless Farmers. 50. To set up a long term rural credit fund within NABARD. 51. Committed to introduce 2nd Green Revolution; Proposes Rs 500 cr farm price stabilisation fund. 52. o Undertake Open Mkt Sales Of Foodgrains When Required. 53. Restructuring Food Corp Of India To Be A Priority. 54. #Kisan television will be launched to give real time information on advanced #agriculture system. 55. Allocate Rs5,000 Cr For Farm Warehousing Plan. 56. Propose Rs.10,000 Cr Fund For Start-up Firms. 57. Propose Rs.200 Cr To Set Up 6 More Textile Clusters. 58. 16 new ports to be developed. 59. Propose Rs.11,635 Cr For Harbour Projects This FY. 60. To set up #textile mega clusters in #Varanasi & 5 other cities. Textile mega clusters to cost 200 cr. 61. Propose Rs.37,850 Cr Investment In NHAI & State Roads This FY. 62. Propose Scheme For Dvpt Of Airports In Tier-I, II Cities. 63. Propose Work On Expressways Parallel To Indl Corridors. 64. Adequate Coal To Be Given To Existing Power Plants. 65. NHAI To Target 8,000 km Of Road Development In FY15. 66. Propose Rs.500 Cr For Ultra Modern Solar Power Projects in Rajasthan,Tamil Nadu, Ladakh. 67. Rs.100Cr For Preparatory Work Of Clean Thermal Energy Scheme. 68. Require additional 15,000 km of gas pipelines under PPP. To set up additional pipelines amounting to 15,000 km. 69. To Introduce Single Demat A/c For All Fin Transactions. 70. New Indian Accounting Standard For Financial Sector From FY17. 71. To Let Bks Raise Long-term Funds W/Minimum Regulations. 72. o change tax laws governing FIIs, whose managers based abroad. Proposes extending 5% withholding tax to all bonds. 73. Allocate Rs.2.29 Lk Cr For Defence Sector. 74. To Enhance PPF Contribution To Rs.1.5 Lk. 75. To Allocate Rs.3,000 Cr For State Police Modernisation. 76. Rs.990 Cr For Socio-economic Dvpt Of Villages Along Border. 77. Rs 1000 crore allocated for One Rank One Pension plan. 78. Rs 2000 crore allocated for Ganga Namami yojana, Rs 100 crore set for ghat development. 79. Rs 1000 crore allocated for rail connectivity in #Northeast region. 80. Non-plan Expenditure At Rs.12.2 Lk Cr. 81. Plan Expenditure At Rs.5.75 Lk Cr For FY15. 82. Total Expenditure At Rs.17.9 Lk Cr In FY15. 83. REVENUE DEFICIT TO BE 2.9% IN FY15. 84. NO CHANGES IN TAX RATES. 85. TO UP PERSONAL INCOME TAX EXEMPTION TO Rs.2.5 LK. 86. TAX EXEMPTION INCREASED TO Rs.3 LK FOR SENIOR CITIZENS. 87. 80C EXEMPTION LIMIT INCREASED TO Rs.1.5 LK 88. EXEMPTION FOR SELF-OCCUPIED HOMES RAISED TO Rs.2 LK. 89. EDUCATION CESS TO CONTINUE AT 3%. 90. INVST ALLOWANCE OF 15% ON INVST OF >Rs.25 CR IN MFG. 91. PROPOSE TO EXTEND 10-YR TAX HOLIDAY FOR POWER. 92. BUDGET ASSUMES TAX REVENUE GROWTH OF 19.7% Vs 21% VoA. 93. PROPOSE TO RETAIN 15% TAX RATE ON INTL DIVIDEND INCOME. 94. To Hike Tax Rate To 20% For Transfer Of MF Units. 95. 10% Customs Duty On Some Telecom Products. 96. To Cut Customs Duty On LCD, LED Panels Sub-19 Inch To Nil. 97. Hikes customs duty on flat steel products to 7.5% from 5%. 98. To Cut Excise Duty On Food Processing To 6%. 99. To Reduce Excise Duty On Footwear. 100. To Hike Excise Duty On Cigarettes By 11-72% 101. Hikes Excise Duty On Gutka To 70% From 60%
Posted on: Fri, 11 Jul 2014 03:04:41 +0000
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