Basic custom duty on LCD and LEDs below 19 inch reduced to zero from 10 per cent.
Imported electronics goods to cost more. A cess to be introduced
Sugary carbonated drinks to get costlier
Cigarettes, gutkas, cigars to cost more
CRT TVs exempted from customs duty to help poor
No change in income tax rates;
personal income tax exemption limit raised from Rs 2 lakh to Rs 2.50 lakh
Propose to increase investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh
Tax exemption on interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh
Tax exemption limit for senior citizens changed from Rs 2.5 lakh to Rs. 3 lakh
10 year tax holiday for power companies who start production and distribution on March 31, 2017
Revenue deficit pegged at 2.9 per cent of GDP
Budget proposes Plan expenditure of Rs 5,75,000 crore for current ficsal.
Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
Airports to be developed in tier 1 and 2 cities, 16 new port projects to be awarded this year
Investment in NHAI and state highways to the tune of Rs 37,887 crore, including Rs 3000 crore for North East
Govt committed to providing 24x7 power supply to all homes: FM
Single KYC norms for all financial services and one demat account for all financial products
Rs 500 crore for solar power development project in Tamil Nadu and Rajasthan
Rs 11,600 cr for developing outer harbour projects Rs 11,600 cr for developing outer harbour projects
Mining issues to be resolved on priority
Govt proposes to set up 100 smart cities.
Govt to provide Rs 7,060 crore for development of such cities:
20 new industrial clusters announced
We will examine proposal to give greater autonomy to banks: FM.
Budget proposes 49 per cent FDI in insurance through FIPB route
Propose to provide finance to 5 lakh landless farmers through NABARD
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Rs 3600 cr set aside for National Rural Drinking Water: FM
We will examine proposal to give greater autonomy to banks: FM.
Budget proposes 49 per cent FDI in insurance through FIPB route
Propose to provide finance to 5 lakh landless farmers through NABARD
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Rs 3600 cr set aside for National Rural Drinking Water: FM
Rural housing: Rs 8000 crore for national housing banking programme
FM announces development of Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmedabad and Lucknow... read more on Highlights of the Union Budget 2014-15.
