Highlights of #UnionBudget 2014-15: • Ultra modern super critical power projects to be set up • Coal linkages to be rationalised to reduce power cost • Rs 4200 cr set aside for Jal Marg Vikas project on river Ganga connecting Allahabad to Haldia • Rs 500 crore provided for ultra modern solar power plants in Rajasthan, Tamil Nadu and Ladakh in Jammu and Kashmir • Use of piped cooking gas to be promoted on mission mode • CRT TVs exempted from customs duty to help poor • Basic custom duty on LCD and LEDs below 19 inch reduced to zero from 10 per cent • Changes in Mines and Mineral Regulation and Development Act to be introduced; royalty on minerals to be reviewed to enhance revenue for states • Govt proposes developing 15,000 km additional gas pipeline through PPP mode • Modern monetary policy framework needed; govt to put in place such framework in close consultation with RBI • Clarification on tax treatment of foreign funds to be announced • Govt agrees in principle on consolidation of PSU banks • Banks will be permitted to raise long term funds without regulatory hindrances • RBI to frame policy for licensing of small banks, differential banks • Govt to take up pending insurance reforms bill that provides for 49 pc FDI
Posted on: Thu, 10 Jul 2014 08:27:22 +0000
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