Important Points of UnionBudget 2014-15 1. Fiscal deficit target retained at 4.1% of GDP forcurrent fiscal 2. Fiscal deficit target 3.6% forr 2015-16 3. Fiscal deficit target 3% for 2016-17 4. Revenue Deficit seen at 2.9% for FY15 5. Aim to achieve 7-8 per cent economic growthrate in next 3-4 years 6. Target Agriculture growth rate at 4 % 7. Defence FDI cap raised to 49% from 26% atpresent 8. Insurance FDI cap raised to 49% from 26% atpresent 9. Exemption limit on income tax from Rs. 2 lakh toRs. 2.5 lakh. 10. For senior citizens, the exemption on incomehas been raised to Rs. 3 lakh per annum. 11. Tax-free cap on home loan interest from Rs. 1.5to Rs. 2 lakh. 12. Annual PPF ceiling to be improved to Rs 1.5lakh from Rs 1 lakh 13. Women Safety:i. Outlay of Rs. 50 crores for a pilot scheme onroad safetyii. Another 150 crores to be spent by MHA onsafety on women in larger citiesiii. Beti Bachao, Beti Padhao Yojana - 100crores 14. Budget Allocate for National Rural DrinkingWater - Rs 3600 cr 15. Budget Allocate for (Rural housing) nationalhousing banking programme - Rs 8000 crore 16. Metro rails in PPP mode; for metro scheme inAhmadabad and Lucknow - Rs. 100 cr 17. Budget Allocate to set up virtual classrooms - Rs100 crores 18. Budget Allocate for setting up 5 more IIMs andIITs - Rs 500 crores 19. Budget Allocate for SC development - Rs 50,548cr 20. Budget Allocate for Statue of Unity, a statue ofSardar Patel in Gujarat - Rs. 200 crore 21. Budget Allocate for irrigation plan namedPradhan Mantri Krishi Sichayin Yojana - Rs.1000 cr 22. Budget Allocate for credit scheme for start-upsby those from scheduled castes and tribes - Rs200 crores 23. Budget Allocate for creating Smart cities - Rs.7060 cr 24. Budget Allocate for price stabilization fund - Rs.500 crore 25. Budget Allocate for modernization ofMadrasas - Rs. 100 crores 26. Budget allocated for Startup village to promoteentrepreneurship among rural youth - Rs 100crore 27. Budget allocated for PM Sadak Yojana - Rs.14,389 crores 28. Budget allocated to set up six textiles cluster -Rs 200 crore 29. e-visafor nine cities to promote tourism 30. 15 Braille press to come up. 31. Currency note with Braille-like signs. 32. Minimum pension of Rs.1000 per month to all PP schemes. 33. Bharat Swach Yojna proposed for hygiene and cleanliness. 34. Skill India initiative to make youth employable and create more entrepreneurs. 35. Assam and Jharkhand to get Centre of Excellence on farming. 36. Senior Citizens Pension Plan Extended Till August 2015 37. 100 soil testing laboratories across the country. 38. Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr 39. Crisis Management Centre for women at Delhi 40. PSU Banks to Raise Rs 2.40 Lakh Cr Capital by 2018
Posted on: Sun, 05 Oct 2014 00:55:48 +0000
Trending Topics
Recently Viewed Topics
© 2015