Budget 2014 Digest - Download PDF
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Union Budget 2014-15 Highlights , Full Text of Arun Jaitley Speech
Today I am uploading Budget 2014
Digest. In this 7 page document, I summarized the budget speech
and various schemes and policies promised by Finance Minister Arun
Jaitley. I recommend you to download the file now!
Contents
- Highlights of Finance Minister speech
- Various schemes introduced
- Financial position of economy
- Impact of budget on various sectors of economy
- Important concepts for banking exams
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Union Budget 2014-15 Highlights , Full Text of Arun Jaitley Speech
Highlights of Union Budget 2014-15 ::
- FDI in defence sector to go up to 49%
- Greater autonomy to banks
- PSU 247,944 cr capex to create industrial cycle
- Smart cities: PM has vision of developing 100 new cities
- Rs 7,060 cr fund for smart cities
- Tourism: e-visas to be introduced at nine airports in the country in a phased manner
- Real estate investment trusts – modified REITS is being announced for infrastructure projects to reduce pressure on banking system
- Kisan Vikas Patra to be pushed further
- New scheme for skill development called Skill India to be launched
- Sanitation in every household by 2019
- Shyama Prassad Mukherjee Rozgaar mission to be launched
- New scehme for agricultural irrigation
- Rs 500 cr for rural electrification
- Rs 200 cr for sardar vallabbhai statue in Gujarat•
- Rs 50000 cr for SC/st schemes
- Social security: minimum pension of rs 1000 pm for all subscribers of EPFO scheme
- National level insistute for mental health to be ste up
- Currency notes with braile like signs to help the blind
- Rs 150 cr on new scehme to improve safety of women in big cities
- Beti bacahao beti padahao yojna to be launched – RS 100 allocation
- Gender main-streaming: School curriculum to have a chapter on the issue
- Fiscal deficit for 2014-15 pegged at 4.3% and for next year at 3%
- Revenue Deficit seen at 2.9% for FY15
- Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM
- Committed for growth of agriculture at the rate of 4 per cent.
- Defence FDI cap raised to 49% from 26% at present
- Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh.
- For senior citizens, the exemption on income has been raised to Rs. 3 lakh per annum.
- Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.
- No change in Income tax rates and slabs .
- Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
- Rs 3600 cr set aside for National Rural Drinking Water: FM
- Rural housing: Rs 8000 crore for national housing banking programme
- Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmadabad and Lucknow
- Each year government will be adding AIIMS to ensure there is an AIIMS in every state: Jaitley
- Rs 100 crores to set up virtual classrooms
- Rs 500 crores for setting up 5 more IIMs and IITs
- FM Proposes to enhance the scope of income tax settlement commission
- Rs 7,060 crore allocated for building new cities
- Jaitley announces e-visas to promote tourism
- The government is committed to the welfare of scheduled castes and tribes.
- Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes
- Government is committed to providing 24×7 electricity in all houses
- 15 Braille press to come up.
- Currency note with Braille-like signs
- Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector
- 24×7 electricity in all houses
- Minimum pension of Rs.1000 per month to all PP schemes.
- Rs 50,548 cr proposed for SC development
- Bharat Swach Yojna proposed for hygiene and cleanliness.
- Rs. 200 crore for Statue of Unity, a statue of Sardar Patel in Gujarat.
- Rs. 1000 cr for irrigation plan named Pradhan mantri krishi sichayin yojana.
- Skill India initiative to make youth employable and create more entrepreneurs.
- Kisan Vikas Patra to be expanded.
- e-visa for nine cities.
- Rs. 7060 cr for creating smart cities.
- Assam and Jharkhand to get Centre of Excellence on farming
- Rs. 100 crores for modernization of Madrasas
- Jaitley announces Skill India, a programme to train youth for jobs
- Equity in PSU banks to be raised through share sale to the public
- Rural housing: Rs 8000 crores for national housing banking programme
- MGNREGA programme to made more productive
- Senior Citizens Pension Plan Extended Till August 2015
- National Adaption Fund for climate change to be set up
- Rs. 500 crore for price stabilization fund.
- 100 soil testing laboratories across the country.
- House resumes. Budget Speech continues.
- Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside
- An AIIMS will be created in every state.
- All six new AIIMS are functional. Four more AIIMS under consideration. 12 more medical colleges will be added. Rs. 500 crore allocated for this.
- MGNREGA programme will be made more productive
- Crisis Management Center for women at Delhi
- Start up village at Rs 100 crore to promote entrepreneurship among rural youth.
- Rs. 14,389 crores for PM Sadak Yojana
- Rs 200 crore allocated to set up six textiles clusters
Women Safety:
- o Outlay of Rs. 50 crores for a pilot scheme on road safety
- o Another 150 crores to be spent by MHA on safety on women in larger cities
- o ‘Beti Bachao, Beti Padhao Yojana’ – 100 crore
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