All About 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.
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%
11:08 am: The task before me today is very challenging; need to revive growth in manufacturing sector: Jaitley.
11:06 am: There is a large population which is below the poverty line: Jaitley.
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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.