Lets have a look on Key Features of Budget 2014-2015

  • Budget 2014 Live UpdateImage

 

  • FY14 net market borrowing revised to Rs 5.63 lakh cr.
  • Direct taxes left untouched
  • Three more industrial corridors under implementation: FM
  • FY15 fiscal deficit target at 4.1%
  • Excise on SUV down to 24% from 30%; auto stocks rally.
  • FY15 revenue deficit pegged at 3%
  • FY14 revenue deficit at 3.3%
  • Excise cut to 10% on consumer durables
  • BE for 2014-15. Fiscal deficit at 4.6% vs red line of 4.8%
  • Excise duty for large and mid-segment cars cut to 20%
  • Service tax exemption on loading, unloading, storage of rice
  • Excise cut from 12% to 10% for capital goods
  • Excise duty cut for small cars to 8%, SUVs to 24% from 30%
  • Excise duty cut for auto sector
  • Excise duty cut from 12% to 8% for small cars, two-wheelers till June 30, 2014
  • Excise duty cut from 12% to 10% for cap goods and consumer durables
  • No change in tax laws, but calls for some intervention
  • No changes in tax laws
  • To set up public debt management agency
  • Appeal to all political parties to pass GST
  • Disappointed that we have not been able to implement GST
  • Need modern tax laws – disappointed that GST not introduced yet
  • Food subsidy shoots up to over Rs 1 lakh crore: Chidambaram
  • FY15 Fuel subsidy at Rs 65,000 cr
  • FY15 Urban Housing Fund Allocation at Rs 2,000 cr
  • Rs 2,600 cr for education loan moratorium
  • RBI must strike balance between price stability and growth: FM
  • Farm loan interest subvention continues
  • Eye 2016-17 fiscal deficit at 3% or lower
  • Rural housing fund get Rs 6,000 cr
  • FY15 total subsidy seen at Rs 2.46 lakh cr
  • To liberalise rupee-denominated bond market
  • To amend FMC act to strengthen commodity & derivatives market
  • Minority affairs to get Rs 3,711 cr
  • Fuel subsidy pegged at Rs 65,000 cr
  • Propose a moratorium period for all education loans taken prior to 2009 upto 2014
  • Food, Fuel, Fertilizer subsidy pegged at 2.46 lakh cr
  • FY15 fertiliser subsidy to be Rs 76,000 cr
  • Ministry of Health and Family Welfare gets Rs 33,725 cr
  • FY15 capital infusion in PSU banks to be Rs 11,200 cr
  • Banks to surpass Rs 7 lakh cr towards rural credit in FY14, FM allocated Rs 8 lakh cr for FY15
  • Proposes 11,200 cr for capital infusion in PSU banks
  • Rs 35,000 cr FY14 fuel subsidy to be rolled over
  • Proposes to transfer Rs 500 cr to defence pension in current financial year itself
  • FY15 non-plan expenditure at Rs 12.07 lakh crore
  • FY15 food subsidy at Rs 1.15 lakh cr
  • FY15 non-plan spend at Rs 12.07 lakh crore
  • Defence Allocation up 10% to Rs 2.24,000 cr for FY15
  • Allocation for defence hiked by 10%
  • FY15 subsidies at Rs 2.46 lakh crore
  • Merchandise export to grow 6.8% to $326 billion
  • Coal output grew to 554 mn tonnes against 361 mn tonnes over decade
  • Declining fiscal deficit, moderation of CAD, stable exchange rate and increase in project
  • implementation result of hardwork
  • GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2%
  • Budgetary support to Railways has been increased to Rs 29,000 cr in FY15
  • Panchayati Raj Ministry to get Rs 7,000 cr
  • FY15 Plan expenditure kept at Rs 5.55 lakh crore
  • Plan expenditure at 2014-15 at same level at 2013-14
  • Aadhaar a tool of empowerement
  • Govt remains fully committed to Aadhaar
  • Totally 54 lakh transactions completed under direct benefit transfer
  • 1200 cr additional funds allocated to North-East states
  • Market optimistic as FM makes interim budget speech
  • so far, two proposals will recieve funds from Nirbhaya fund
  • After Mars Oribiter Mission, several more missions planned
  • Proposes Rs 1,200 cr additional assistance to hill states
  • Rs 100 cr allocated for community radio stations
  • To start 4 UMPPs in FY15
  • Rs 200 crore initial capital for a venture capital fund for scheduled castes
  • National solar mission entered second phase
  • 50000 MW of thermal and hydro power plants under construction
  • 7 new power projects being built; target to install 10,000 Mw of addl power in 12th Plan
  • 29300 MW of power capacity added in FY14
  • Eased rules governing infra projects’ funding
  • GDP growth in Q3, Q4 FY14 seen at 5.2%; FY14: 4.9%
  • FDI policy was liberalised to facilitate greater investment in multi-brand retail, pharma etc
  • GDP fell to 4.4% from 7.9% in nine quarters: FM
  • Added fresh power capacity, rural roads, highways in last 3 months
  • Gradual correction of diesel prices, new banking licenses among steps taken by govt
  • Manufacturing sector is not seeing an uptick
  • UPA-I and UPA-II delivered above the trend growth rate
  • Rupee least affected among emerging markets
  • Investment rate estimated at 34.8%; savings rate at 30.1%
  • Govt pegs food production at 263 million tonne: FM
  • Farm credit in FY14 at 7.35 lakh cr vs 7 lakh cr target
  • FY14 Q3 & Q4 GDP growth to be atleast 5.2%
  • Exports seen growing to $326 bn; up 6.4%
  • FY14 GDP to be 4.9%
  • India not facing a ratings downgrade from agencies: FM
  • RBI, SEBI, Govt took measures to stabilise rupee
  • Govt, RBI acted in tandem to curtail inflation: FM
  • Risk to capital flows were accentuated due to global concerns
  • CCI cleared 296 projects
  • Have added more than 39,000 km or rural roads
  • $15 bn added to foreign reserves this fiscal
  • No uptick in manufacturing worrisome
  • Won’t do anything that will affect the foundation of India’s economy: FM
  • FY14 Current Account Deficit seen at $45 bn
  • FY15 food grain production at 263 mn tonne
  • Agricultural GDP growth pegged at 4.6% in the current year
  • Added $15 bn forex reserves in FY14
  • Food inflation still a worry though it has declined
  • Only a handful of countries were able to keep their heads above the water
  • CAD will be contained at $45 billion
  • HOPE THIS FINANCIAL YEAR WILL COME SO MANY OPPORTUNITIES

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