Major Highlights - Union Budget 2014-15













• Government committed to achieve fiscal deficit of 4.1% for 2014-15.



 



• Subsidy Regime to be made more targeted for full protection to the marginalized, poor and SC/ST.



 



• Government to promote FDI selectively in sectors.



 



• Rs 1000 crore provided for "Pradhan Mantri Krishi Sinchayee Yojna".



 



• Rs 500 crore for “deen dayal upadhyaya gram jyoti yojana”.



 



• Rs. 150 crores for increasing safety of women in large cities.



 



• "Swachh Bharat Abhiyan" to cover every household with Sanitation facility by the year 2019.



 



• Aiims like institutions in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP.



 



• 5 IIMs to be opened in hp, Punjab, Bihar, Odisha and Rajasthan.



 



• Sustainable growth of 4% in agriculture to be achieved.



 



• Rs.500 crore “price stabilization funds” for mitigating the risk of price volatility in agriculture produce.



 



• Development of industrial corridors with emphasis on smart cities linked to transport connectivity.



 



• Skill india to be launched to skill the youth with an emphasis on employability and entrepreneur skills.



 



• Scheme for development of new airports in Tier I and Tier II cities to be launched.



 



• Target of NH construction of 8500 km in current financial year.



 



• General budget 2014-15 a further sum of Rs. 1000 crore to meet requirement for "One rank One pension".



 



• Rs 200 crore provided for the statue of unity (National Project).



 



• Rs 500 crore provided for developing 5 tourist circuits around Specific themes.



 



• Rs 2037 crores provided for integrated ganga conservation Mission “Namami Gange”.



 



• Rs 100 crore for ghat development and beautification at Kedarnath, Haridwar, Kanpur, Varanasi, Allahabad, Patna, Delhi.



 



• Rs. 200 crore for power reforms and rs. 500 crore for water reforms to make delhi a truly world class city.



 



• Rs 500 crore provided to support kashmiri migrants for rebuilding their lives.



 



• Personal income-tax exemption limit raised by Rs. 50,000;



 



• Investment limit under section 80c of income-tax act raised to Rs. 1.5 lakh.



 



• Deduction limit on account of interest on loan in respect of self occupied house property raised from Rs.1.5 lakh to Rs.2 lakh.



 



• Government committed to implement gst at the earliest. Issues raised by the states to be resolved.



 



 




 



 




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