Highlights

Untitled Document
  • Negative list for service tax reduced
  • Excise duty on cigarettes raised from 11% to 72%
  • Thirteen more airports to get 24x7 customs facilities
  • Excise duty to be cut to revive manufacturing
  • Allocation of Rs.500 crore for Delhi's water schemes
  • Colour TVs to cost less on reduced customs duties
  • Free baggage allowance raised from Rs.35,000 to Rs.45,000
  • Gas pipeline grid of 15,000 km needs to be doubled
  • Revenue loss of Rs.22,000 crore due to direct tax proposals
  • Excise duty on footwear halved
  • Total expenditure in 2014-15 estimated at Rs.17,97,892 crore
  • Plan expenditure estimated at Rs.12,19,892 crore
  • Government to take a view on Direct Tax Code
  • Six debt recovery tribunals to be set up
  • Five new tourist circuits to be established
  • World class convention centre to come up in Goa
  • IT exemption limit raised from Rs.2 lakhs to Rs.2.5 lakhs
  • Sr Citizens: Tax exemption limit raised from Rs.2.5 lakhs to Rs.3 lakhs
  • No change in surcharge for corporates; education cess to continue
  • Allocation of Rs.1,000 crore for implementing One Rank One Pension scheme
  • War Memorial and War Museum in New Delhi; Rs.1,000 crore allocated
  • Allocation of Rs.50 crore for National Police Memorial
  • Allocation of Rs.2.037 crore for Ganga conservation mission
  • National sports foundations for shooting, wrestling and boxing
  • Jammu and Kashmir gets Rs.200 crore to upgrade sports facilities
  • Sports university to come up in Manipur
  • Defence allocated Rs.229,000 crore
  • Defence modernisation gets Rs.5,000 crore
  • Bharat Depository Receipt to be created
  • Uniform KYC norms to be introduced across entire financial sector
  • Steps to revive SEZs
  • Sixteen new port projects to be taken up this fiscal
  • Jal Marg Vikas programme to promote navigation on Ganga
  • Hastkala Academy to be set up with allocation of Rs.30 crore
  • Six more textile clusters to be set up with allocation of Rs.200 crore
  • Corpus of Rs.5,000 crore for long-term loans to farmers
  • Kisan TV to be launched to disseminate information in real time
  • Allocation of Rs.14,389 crore for rural roads
  • Allocation of Rs.50 crore for breeding of indigenous cattle
  • Export promotion mission to bring all stakeholders under one umbrella
  • Lok Sabha takes five-minute break during finance minister's speech
  • Jaitley permitted to sit and read out on resumption
  • FDI limit in insurance sector raised to 49 percent
  • All states to get AIIMS like institutions
  • Allocation of Rs.100 crore for soil testing facilities
  • Second Green Revolution with focus on protein revolution
  • Allocation of Rs.100 crore to promote good governance
  • Allocation of Rs.3,600 crore for drinking water schemes
  • Allocation of Rs.500 crore for 5 more IITs and 5 more IIMs
  • Allocation of Rs.4,000 crore for National Housing Bank
  • Allocation of Rs.500 crore to improve broadband connectivity in rural areas
  • To print currency notes with Braille signs
  • Allocation of Rs.150 crore to improve safety of women in larger cities
  • Allocation of Rs.500 crore to provide 24x7 power in rural areas
  • Allocation of Rs.100 crore for "Beti bachao, beti padao" programme
  • Allocation of Rs.8,000 crore to improve rural housing
  • E-visas to be introduced at nine airports
  • New scheme to provide assured irrigation
  • Total sanitation in every household by 2019
  • Shares of PSU banks to be sold to retail investors
  • Aiming at fiscal deficit of 3 percent by 2015-16 and 2 percent by 2016-17
  • FDI in defence sector raised to 49 percent from 26 percent
  • CBDT to scrutinize all cases under 2012 law on retrospective tax cases
  • Problem of black money to be fully addressed
  • Expenditure Management Commission to be established this fiscal
  • Slow decision-making has resulted in lost opportunities
  • Green shoots of recovery in world economy
  • Budget will lay down steps aimed at 7-8 percent growth in next few years
  • The aim is "Sub ke saath, sub ka vikas"
  • Should we be victims of populism?
Common Man Largely Satisfied With the Budget Income tax exemptions and the focus on women's safety and senior citizens has put a smile on the common man's face.
Twitter Buzz on Budget 2014 Twitterati is reacting to the union budget presented by Finance Minister Arun Jaitley.
Photo Highlights of the Budget Day People from all walks of life listening to the speech of Jaitley as he presents the union budget in the Lok Sabha.
Tax Exemption Limit Raised by Rs.50,000 Jaitley raised exemption limits for all individual tax payers by Rs.50,000 while keeping the rates untouched in the national budget for this fiscal.
FDI Hike in Defence 'Will Harm National Security': Antony Antony said that previous governments had overcome the "pressure tactics" of "lobbies" working for 100 per cent FDI in the key area.
Defence FDI Hiked to 49 Per Cent Providing a boost to inflow of investment in defence manufacturing, the Narendra Modi government on hiked the foreign direct investment (FDI) in the sector limit to 49 per cent from the existing 26 per cent.
Four New AIIMS to Be Established The government will set up four new All India Institutes of Medical Sciences (AIIMS) in the country.
Five More IIMs, IITs to Come Up Finance Minister Arun Jaitley Thursday said that five new IITs and IIMs will be set up across the country.
CBI Gets Modest Increase of 17 Per Cent in Budgetary Allocation CBI has received Rs 520.56 crore in the budgetary allocation for the next fiscal, an increase of approximately 17 per cent over 2013-14.

Reactions

Videos

Railway Budget

tax calculator