1:15 pm - Wednesday November 4, 2015

Union Budget 2014-15 : Highlights of finance minister Arun Jaitley’s budget speech

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* PSU banks to raise Rs. 2.40 lakh crore capital by 2018

* Keeps rules of Retrospective Taxation unchanged

* MSME sector – Rs. 10,000 crore fund by way of attracting further private equity.

* All governement departments and ministries will be integrated through e-platform by December 31 this year, says Jaitley

* Rs. 200 crore for new textile centres in Bareily, Kutch, Surat, Mysore and Bhagalpur

* 16 new port projects to be awarded this year, over Rs. 11,000 cr for Tuticorin, Kandla and other ports

* Proposes 100 bln rupees of pvt capital for start-up companies

* Investment in NHAI and state highways to the tune of Rs. 37,887 core including Rs. 3000 crore for North- East

* Jal Marg Vikas project on Ganga from Allahabad to Haldia gets Rs. 4,200 crores

* Slow decision making has resulted in a loss of opportunity: Arun Jaitley

* Need to infuse 2,40,000 crore in the banking sector by 2018: Jaitley

* Rs. 150 crores for safety of women, Rs. 200 crores for a statue – Priorities #BudgetofHope

* Allocation for defence Rs. 2,29,000 crore

* Propose to revitalise small savings scheme, says Jaitley

* Time bound programme to provide banking services to all households, says Jaitley

* Ceiling for PPF investment raised from from Rs. 1 lakh to Rs. 1.5 lakh

* Tax incentives extended for housing loans

* Four more AIIMS instutions in Andhra Pradesh , West Bengal, Vidarbha in Maharashtra and Purvanchal

#FM raises FDI in defence, insurance raised to 49%

#Norms eased for low-cost housing

* Committed to 24×7 power supply to all households

* Hope to bring a solution to GST this year

* Will usher in policy regime that will usher in higher growth, low inflation

* Fiscal deficit seen at 3.6% of GDP in 2015/16

#Committed to providing stable tax regime which will be investor friendly

* Bound to usher in policies for higher growth, lower inflation

* People have voted for a change, India desires to grow

* Slowdown in India broadly reflects the trend in many economies

* Country in no mood to suffer unemployment, lack of infrastructure

* Tax-to-GDP ratio must be raised

* Accepts target of 4.1% of GDP fiscal deficit 2014/15

* Slow decision making has resulted in loss of opportunity

* Aim to achieve 7-8% economic growth rate in next 3-4 years

* Revive welfare of senior citizens pension scheme from 15 Aug 2014 to 14 Aug 2015 for citizens 60 years or above

* 100 crore for ‘Beti bachao beti badhao yojana’ for the girl child

* Rs. 500 crore for Deen Dayal Upadhyay rural electrification programme

* Allocating Rs. 7060 crore to create new cities

* e-visas to be allowed in 9 airports

* Will provide necessary incentives for introducing real estate investment trusts

* To allocate Rs. 1000 crore for PM Irrigation Scheme

* PSUs to invest Rs. 2.47 lakh crore in FY15

* AIIMS to be created in every state of the country

* Rs. 500 crore for Deen Dayal Upadhyay rural electrification programme

* Allocating Rs. 7060 crore to create new cities

* e-visas to be allowed in 9 airports

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