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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
At a Glance: General Budget 2014-15
Jul 11, 2014

Finance Minister Arun Jaitley presented Union Budget for FY 2014-15 in Lok Sabha on July 10. 

Highlights: 

► Budget Estimates for 2014-15: Projected Fiscal Deficit of 4.1%; Revenue Deficit of 2.9% of GDP; With 26 percent increase plan expenditure is Rs. 575,000; Non-plan expenditure estimated at Rs. 1,219,892; Gross tax receipts estimated at Rs. 1,316,524 crore; Total expenditure estimated at Rs. 1,794,892 crore; 
► With the increase in the defence budget of Rs. 5 thousand crore defence allocation increased to Rs. 229,000 Crore
► Separate Northeast plan allocation of Rs. 53,706.
► Rs. 98,030 Crore for the welfare of women and for children budgetary allocation of Rs 81,075.

  • Personal Tax Exemption Limit raised by Rs. 50,000; No change in the Rate of Surcharge

  • Rs. 100 Crore for Development of Organic Farming 

  • Rs. 1000 Crore for Development of Rail Connectivity in the North Eastern Region
      
  • 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be treated as Capital Gains.   

  • Rs. 200 Crore for Power Reforms and Rs. 500 Crore for Water Reforms to make Delhi a World Class City   

  • More Services bought in the Service Tax net, Indirect Taxes to yield Rs.7525 Crore    

  • Basic Custom Duties reduced on certain items to encourage Investment and Domestic Production   

  • Energy Sector given due importance in Budget  
     
  • Rs. 100 Crore allocated for Technology Development Fund   

  • All Households to be provided with Banking Services   

  • Institution for mainstreaming PPPS will be Set-Up  

  • More funds for War Memorial and National Police Memorial   

  • Handlooms Trade Facilitation Centre and Crafts Museum will be set up at Varanasi  

  • Micro, Small and Medium Enterprises sector will be revamped  

  • Allocation for modernization of State Police Forces raised to Rs 3,000 crore  

  • Special Economic Zones (SEZ) will be strengthened  

  • National Industrial Corridor Authority to be set up  

  • Reforms in the Food Sector will be taken up on priority  

  • Measures to increase Investment and Credit Flow into Agriculture Sector  

  • Technology driven Second Green Revolution with focus on Protein Revolution  

  • Rs.200 Crores allocated For The Statue of Unity  in Gujarat.

  • National Adaptation Fund to be established for Climate Change  

  • Deendayal Upadhyaya Gram Jyoti Yojana for rural electrification.   

  • Shyama Prasad Mukherji Rurban Mission   

  • Soil Health Card Scheme for every farmer for soil testing. 

  • Swatchh Bharat Abhiyan to make every household clean.  

  • A Dedicated TV Channel Kisan TV to be launched for farmers  

  • Pradhan Mantri Krishi Sinchayee Yojana   

  • Agriculture Research Institutes in Jharkhand and Assam and Agri-Tech Infrastructure Fund of Rs 100 Crores to be set up  

  • Multi Skill Programme Skill India to be launched   

  • Real Estate Investment Trust and Infrastructure Investment Trust to be incentivised  

  • Rs. 200 Crore for Developing World Class Sports facilities in Jammu and Kashmir

  • Kisan Vikas Patra (KVP) re-introduced  

  • Rs. 500 Crore to create Five Tourist Circuits  

  • Several steps announced to promote Foreign Direct Investment (FDI) in select sectors 

  • Integrated Ganga Conservation Mission Namami Gange with an outlay of Rs. 2037 Crore

  • E-Visa to be introduced at Nine Airports  

  • Pending Insurance Laws (Amendment) Bill to be tabled in Parliament soon

  • Public Sector Undertakings (PSUs) to invest Rs.2,47,941 Crores in the Current Fiscal   

  • Welfare of Girl Child on upmost priority of the Government

  • Capital of Public Sector Banks to be raised through sale of Shares   

  • Enactment of Indian Financial Code necessary for better governance and accountability

  • Higher Budgetary Allocations have been made for Rural Road and Water Sectors  

  • Allocation of Rs. 7060 Crores for Smart Cities   

  • Government reiterates its commitment to the welfare of SCs & STs  

  • Legislative and Administrative changes proposed to reduce litigation in Direct Taxes   

  • Beti Bachao, Beti Padhao Yojana launched  

  • Digital India Programme launched to bridge the divide between Haves and Have– Nots  

  • Fresh cases arising out of Retrospective Amendments of 2012 to be scrutinised by High Level Committee

  • Government to constitute an Expenditure Management Commission to look into various aspects of Expenditure Reforms

  • Five New IITs and Five New IIMS will be set up in different states  

  • Government attaches top priority for Free Drug and Diagnosis Services to achieve the goal of Health for All  

  • Housing for all by 2022  

  • Rs. 50,000 Crore for Development of Urban Areas  

 

For More Details

 

 


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