Union Budget 2014-15 : Highlights of finance minister Arun Jaitley’s budget speech
* PSU banks to raise Rs. 2.40 lakh crore capital by 2018
* Keeps rules of Retrospective Taxation unchanged
* MSME sector – Rs. 10,000 crore fund by way of attracting further private equity.
* All governement departments and ministries will be integrated through e-platform by December 31 this year, says Jaitley
* Rs. 200 crore for new textile centres in Bareily, Kutch, Surat, Mysore and Bhagalpur
* 16 new port projects to be awarded this year, over Rs. 11,000 cr for Tuticorin, Kandla and other ports
* Proposes 100 bln rupees of pvt capital for start-up companies
* Investment in NHAI and state highways to the tune of Rs. 37,887 core including Rs. 3000 crore for North- East
* Jal Marg Vikas project on Ganga from Allahabad to Haldia gets Rs. 4,200 crores
* Slow decision making has resulted in a loss of opportunity: Arun Jaitley
* Need to infuse 2,40,000 crore in the banking sector by 2018: Jaitley
* Rs. 150 crores for safety of women, Rs. 200 crores for a statue – Priorities #BudgetofHope
* Allocation for defence Rs. 2,29,000 crore
* Propose to revitalise small savings scheme, says Jaitley
* Time bound programme to provide banking services to all households, says Jaitley
* Ceiling for PPF investment raised from from Rs. 1 lakh to Rs. 1.5 lakh
* Tax incentives extended for housing loans
* Four more AIIMS instutions in Andhra Pradesh , West Bengal, Vidarbha in Maharashtra and Purvanchal
#FM raises FDI in defence, insurance raised to 49%
#Norms eased for low-cost housing
* Committed to 24×7 power supply to all households
* Hope to bring a solution to GST this year
* Will usher in policy regime that will usher in higher growth, low inflation
* Fiscal deficit seen at 3.6% of GDP in 2015/16
#Committed to providing stable tax regime which will be investor friendly
* Bound to usher in policies for higher growth, lower inflation
* People have voted for a change, India desires to grow
* Slowdown in India broadly reflects the trend in many economies
* Country in no mood to suffer unemployment, lack of infrastructure
* Tax-to-GDP ratio must be raised
* Accepts target of 4.1% of GDP fiscal deficit 2014/15
* Slow decision making has resulted in loss of opportunity
* Aim to achieve 7-8% economic growth rate in next 3-4 years
* Revive welfare of senior citizens pension scheme from 15 Aug 2014 to 14 Aug 2015 for citizens 60 years or above
* 100 crore for ‘Beti bachao beti badhao yojana’ for the girl child
* Rs. 500 crore for Deen Dayal Upadhyay rural electrification programme
* Allocating Rs. 7060 crore to create new cities
* e-visas to be allowed in 9 airports
* Will provide necessary incentives for introducing real estate investment trusts
* To allocate Rs. 1000 crore for PM Irrigation Scheme
* PSUs to invest Rs. 2.47 lakh crore in FY15
* AIIMS to be created in every state of the country
* Rs. 500 crore for Deen Dayal Upadhyay rural electrification programme
* Allocating Rs. 7060 crore to create new cities
* e-visas to be allowed in 9 airports
