Union Budget 2014-15 Highlights

  1. FDI in defence sector to go up to 49%
  2. Greater autonomy to banks
  3. PSU 247,944 cr capex to create industrial cycle
  4. Smart cities: PM has vision of developing 100 new cities
  5. Rs 7,060 cr fund for smart cities
  6. Tourism : e-visas to be introduced at nine airports in the country in a phased manner
  7. Real estate investment trusts – modified REITS is being announced for infrastructure projects to reduce pressure on banking system
  8. Kisan Vikas Patra to be pushed further
  9. New scheme for skill development called Skill India to be launched
  10. Sanitation in every household by 2019
  11. Shyama Prasad Mukherjee Rozgaar mission to be launched
  12. New scheme for agricultural irrigation
  13. Rs 500 cr for rural electrification
  14. Rs 200 cr for Sardar Vallabbhai statue in Gujarat
  15. Rs 50000 cr for SC/ST schemes
  16. Social security: minimum pension of Rs 1000 pm for all subscribers of EPFO scheme
  17. National level institute for mental health to be set up
  18. Currency notes with Braille like signs to help the blind
  19. Rs 150 cr on new scheme to improve safety of women in big cities
  20. Beti bacahao beti padahao yojna to be launched – RS 100 allocation
  21. Gender main-streaming: School curriculum to have a chapter on the issue
  22. Fiscal deficit for 2014-15 pegged at 4.3% and for next year at 3%
  23. Revenue Deficit seen at 2.9% for FY15
  24. Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM
  25. Committed for growth of agriculture at the rate of 4 per cent.
  26. Defence FDI cap raised to 49% from 26% at present
  27. Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh.
  28. For senior citizens, the exemption on income has been raised to Rs. 3 lakh per annum.
  29. Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.
  30. No change in Income tax rates and slabs .
  31. Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
  32. 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 crores
  33. Rs 3600 cr set aside for National Rural Drinking Water: FM
  34. Rural housing: Rs 8000 crore for national housing banking programme
  35. Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmadabad and Lucknow
  36. Each year government will be adding AIIMS to ensure there is an AIIMS in every state: Jaitley
  37. Rs 100 crores to set up virtual classrooms
  38. Rs 500 crores for setting up 5 more IIMs and IITs
  39. FM Proposes to enhance the scope of income tax settlement commission
  40. Rs 7,060 crore allocated for building new cities
  41. Jaitley announces e-visas to promote tourism
  42. The government is committed to the welfare of scheduled castes and tribes.
  43. Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes
  44. Government is committed to providing 24×7 electricity in all houses
  45. 15 Braille press to come up.
  46. Currency note with Braille-like signs
  47. Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector
  48. 24×7 electricity in all houses
  49. Minimum pension of Rs.1000 per month to all PP schemes.
  50. Rs 50,548 cr proposed for SC development
  51. Bharat Swach Yojna proposed for hygiene and cleanliness.
  52. Rs. 200 crore for Statue of Unity, a statue of Sardar Patel in Gujarat.
  53. Rs. 1000 cr for irrigation plan named Pradhan mantri krishi sichayin yojana.
  54. Skill India initiative to make youth employable and create more entrepreneurs.
  55. Kisan Vikas Patra to be expanded.
  56. e-visa for nine cities.
  57. Rs. 7060 cr for creating smart cities.
  58. Assam and Jharkhand to get Centre of Excellence on farming
  59. Rs. 100 crores for modernization of Madrasas
  60. Jaitley announces Skill India, a programme to train youth for jobs
  61. Equity in PSU banks to be raised through share sale to the public
  62. Rural housing: Rs 8000 crores for national housing banking programme
  63. MGNREGA programme to made more productive
  64. Senior Citizens Pension Plan Extended Till August 2015
  65. National Adaption Fund for climate change to be set up
  66. Rs. 500 crore for price stabilization fund.
  67. 100 soil testing laboratories across the country.
  68. Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside
  69. An AIIMS will be created in every state.
  70. All six new AIIMS are functional. Four more AIIMS under consideration. 12 more medical colleges will be added. Rs. 500 crore allocated for this.
  71. MGNREGA programme will be made more productive
  72. Crisis Management Center for women at Delhi
  73. Start up village at Rs 100 crore to promote entrepreneurship among rural youth.
  74. Rs. 14,389 crores for PM Sadak Yojana
  75. Rs 200 crore allocated to set up six textiles clusters.

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