Budget 2014-15 Key Highlights

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All About Budget 2014-15 Key Highlights

Budget 2014-15 Key Highlights

Key Features of Budget 2014-15

01:15 pm: Speech Ends.

01:14 pm: Computers price to grow.Additional duty will be charged on imported computer components.

01:12 pm: Excise on Gutkas raised to 70% from 60%.

01:11 pm: Excise on footwear cut down to 6% from 12%.

01:07 pm: Sugary carbonated drinks to get dearer.

01:06 pm: Excise Duty raised on Cigarettes and Pan masala from 11% to 72%.

01:01 pm: No custom duty on import of LCD and LED colour picture tubes below 19 inches.

12:57 pm: Imported electronic goods will cost more.

12:53 pm: Government to take a view on Direct Taxes Code(DTC)

12:51 pm: For senior citizens tax exemption raised to 3 lakh from 2.5 lakhs.

12:46 pm: Tax exemption raised on Housing loan from 1.5 to 2 Lakhs.

12:45 pm: Income tax exemption limit raised to 2.5 lakhs.

12:45 pm: There will be no change in income tax rates.

12:40 pm: Non-Planned expenditure increased to 12.19 lakh crores.

12:38 pm: Rs.500 crores allocated to rehabilitation of displaced kashmiri migrants.

12:37 pm: Sports academies to be set up in India.

12:35 pm: FM proposed Rs.100 crores to train the sportspersons for Asian games and Commonwealths.

12:35 pm: FM sticks to 4.1% of the fiscal deficit.

12:30 pm: NRI funds raise for clean ganga projects.

12:29 pm: Rs.100 crores allocated for study on linking rivers.

12:24 pm: Defence allocation increased by Rs. 5000 crore.

12:24 pm: A special Small Savings Scheme will be introduced for the education of girl child.

12:22 pm: Annual PPF ceiling will be enhanced to Rs.1.5 lakh from Rs. 1 Lakh.

12:19 pm: Banks will be given more flexibility to extend long term loans.

12: 11pm: Fm proposes one demat account for all financial products.

12:08 pm: A modern country needs multiple modes of transport.16 new port projects will be awarded in financial year 2015.

12:05 pm: Aims at boosting Transport, Logistics, Exports and other related sectors.

12:05 pm: Restructuring Food Corporation Of India will be amongst the top priority.

11:58 am:Aims to provide 8lakh crore farm credit in financial yesr 2015.

11:52am: 3% interest susidy on farm loans.

11:50 am: Slum development will be made part of corporate social responsibility.

11:45am: Rs.50500 set for uplifment of scehdule castes and schedule tribes.

11:40 am: Rs.4000 crores set for affordable housing via National Housing Bank.

11:35 am: Rs.200 crores set for woman upliftment.

11:31 am: Aiming for total sanitation for all households.

Rs 100 crore for 600 community radio stations; aiming for total sanitation for all households by 2019; an AIIMS in every state.

Read more at: https://www.moneycontrol.com/news/economy/live-budget-2014-15-arun-jaitleys-speech-to-start-shortly_1123655.html#airtel?utm_source=ref_article

11:30 am: 5 more IIt’s and IIm’s to be set up.

11:24 am: Power supply will be 24*7, promises Jaitely.

11:22 am: Proposed to give more autonoy to banks so as to make them more responsible.

11:21 am: Financial stability will be the area to majorly focus upon.

11:20 am: E- Visa to be allowed at 9 Airports.

11:16 am: Composite cap for foreign direct investment to increase in defence and insurance from 26% to 49%

omposite cap of foreign direct investment in defence and insurance raised from 26 percent to 49 percent.

Read more at: https://www.moneycontrol.com/news/economy/-live-budget-2014-15-jaitley-outlines-fy15-fiscal-deficit-target-at-41_1123655.html?utm_source=ref_article

composite cap of foreign direct investment in defence and insurance raised from 26 percent to 49 percent.

Read more at: https://www.moneycontrol.com/news/economy/-live-budget-2014-15-jaitley-outlines-fy15-fiscal-deficit-target-at-41_1123655.html?utm_source=ref_article

composite cap of foreign direct investment in defence and insurance raised from 26 percent to 49 percent.

Read more at: https://www.moneycontrol.com/news/economy/-live-budget-2014-15-jaitley-outlines-fy15-fiscal-deficit-target-at-41_1123655.html?utm_source=ref_article

11:08 am: The task before me today is very challenging; need to revive growth in manufacturing sector: Jaitley.

11:07 am: We have taken up the challenge in the right ernest; will create a vibrant and strong India: Jaitley.

11:06 am: There is a large population which is below the poverty line: Jaitley.

11:05 am: The steps I will announce are only the beginning of the journey we wish to take for macro economic stabilization, says Jaitley.

11:04 am: The budget is the most comprehensive action plan: Jaitley.

11:04 am: There are green shoots of recovery in the global economy: Jaitley.

11:04 am: We look forward to lower inflation, says Jaitley.

11:02 am: People have voted for a change. India desires to grow: Jaitley.

11:01 am: Finance Minister Arun Jaitley rises to present Budget 2014.

10:53 am: Finance Minister Arun Jaitley to present Union Budget shortly.

10:40 am: Cabinet clears Arun Jaitley’s Union Budget.

10:36 am: Union Cabinet meeting at Parliament ends.

10:27 am: Arun Jaitley briefs Union Cabinet on Budget 2014.

10:17 am: Union Cabinet meeting begins at Parliament ahead of presentation of Union Budget.

10:14 am: The economic status of nation is unstable but we are sure Arun Jaitley will present a good Budget: BJP leader Nalin Kohli.

10:12 am: Fiscal deficit needs to be looked at, says former MoS finance JD Seelam.

10:10 am: Growth with employment is the top focus in Budget, says BJP.

10:05 am: We need to bring down inflation. Investment incentive is needed: Chandrajit Banerjee (DG, CII) on expectations from Union Budget.

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