UNION BUDGET 2014-15

HIGHLIGHTS OF UNION BUDGET 2014-15 BY ARUN JAITLEY

HERE ARE THE HIGHLIGHTS OF NARENDRA MODI GOVERNMENT'S FIRST BUDGET WHICH WAS PRESENTED  BY FINANCE MINISTER  ARUN JAITLEY

• TAX SLAB ON PERSONAL INCOME REMAINS UNCHANGED'
• INCOME TAX EXEMPTION LIMIT RAISED BY RS 50,000 TO 2.5 LAKH AND FOR SENIOR  CITIZENS TO RS 3 LAKH
• DEDUCTION LIMIT ON INTEREST ON LOAN FOR SELF OCCUPIED HOUSE RAISED TO RS 2 LAKH FROM RS 1.5 LAKH
• RS 150 CRORE ALLOCATED FOR INCREASING SAFETY OF WOMEN IN LARGE CITIES
• 5 IIMSTO BE OPENED IN HIMACHAL PRADESH , PUNJAB , BIHAR, ODISHA , RAJASTAN
• 5 MORE IITS IN JAMMU, CHATTISGARH, GOA, KERALA AND ANDHRA PRADESH
• 4 MORE AIIMS LIKE INSTITUTIONS TO COME UP IN AP,WEST BENGAL.MAHARASHTRA, UP
• PROPOSES TO LAUNCH DIGITAL INDIA PROGRAMME TO ENSURE BROAD BAND CONNECTIVITY AT VILLAGE LEVEL
• RS 100 CRORE SCHEME TO SUPPORT ABOUT 600 NEW AND EXISTING COMMUNITY RADIO STATIONS
• 100 CRORE FOR METRO PROJECTS IN LUCKNOW AND AHMEDABAD
• EXPECTS RS.9.77 LAKH CRORE REVENUE CRORE FROM TAXES
• RS 2037 CRORE SET ASIDE FOR NAMAMI GANGE ( INTEGRATED GANGA CONSERVATION MISSION)
• KISAN VIKAS PATRA TO BE REINTRODUCED
• FDI LIMIT TO BE HIKED AT 49 PC IN DEFENSE , INSURANCE
• DISINVESTMENT TARGET FIXED AT RS 58,425 CRORE
• PANDIT MADAN MOHAN MALVIYA NEW TEACHERS TRAINING PROGRAMME LAUNCHED WITH INITIAL SUM OF RS 500 CRORE
• RS 7,060 CRORE FOR SETTING UP 100 SMART CITIES
• PROPOSES ULTRA MODERN SUPER CRITICAL COAL BASED THERMAL POWER TECHNOLOGY
• MINIMUM PENSION INCREASED TO RS 1,000 PER MONTH
• RS 100 CRORE SET ASIDE FOR WAR MEMORIAL TO BE SET UP WITH A WAR MUSEUM
• RS 100 CRORE FOR DEVELOPMENT OF ORGANIC FARMING
• EXCISE DUTY ON FOOTWEAR REDUCED FROM 12 pc TO 6 pc
• EPFO TO LAUNCH THE  UNIFORM ACCOUNT NUMBER SERVICE FOR CONTRIBUTING MEMBERS
• SWACH BHARAT ABHIYAN TO COVER EVERY HOUSEHOLD WITH SANITATION FACILITY BY THE YEAR 2019
• SET ASIDE RS 11,200 CRORE FOR PSU BANKS CAPITALISATION
• PROVIDES RS 500 CRORE FOR REHABILITATION OF DISPLACED KASHMIRI MIGRANTS
• RS 1,000 CRORE PROVIDED FOR PRADHAN MANTHRI KRISHI SINCHAYEE YOJANA FOR ASSURED IRRIGATION
• PLAN EXPENDITURE PEGGED AT RS 5.75 LAKH CRORE AND NON-PLAN AT RS 12.19 LAKH CRORE
• MORE PRODUCTIVE, ASSET CREATING AND WITH LINKAGES TO AGRICULTURE AND ALLIED ACTIVITIES WAGE  EMPLOYMENT WOULD TO BE PROVIDED UNDER MGNREGA