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Old 07-10-2014, 12:47 PM
Poonam Chauhan Poonam Chauhan is offline
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Join Date: Dec 2013
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Default Union Budget 2014 of India

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Prime Minister Narendra Modi's new government unveiled a budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.Finance Minister Arun Jaitley told parliament that India's 1.2 billion people were "exasperated" after two years of economic growth below 5 percent.

He also said he would set up a high-level committee to review retrospective tax claims blamed for choking off foreign investment after companies such as Britain's Vodafone were hit with massive demands.Jaitley raised limits on foreign investment in defence and insurance ventures to 49 percent from 26 percent. Foreign defence contractors had sought a higher threshold to justify sharing technology when they site operations in India, a major arms buyer.

The budget for the fiscal year to March 2015 was delayed by this year's general election, which handed Modi's Bharatiya Janata Party (BJP) the strongest electoral mandate in India in three decades.Here are some highlights of India Union Budget 2014 :-

Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh

Airports to be developed in tier 1 and 2 cities, 16 new port projects to be awarded this year

Rs 37, 800 crore allotted for National Highways.

Revision of rate of royalty on minerals to be taken up on request from the states.

In order to complete gas grid, 15000 km of additional pipeline to be developed through PPP mode.

New and renewable energy deserves high priority; ultra modern power

projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore

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

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Last edited by Poonam Chauhan : 07-10-2014 at 01:12 PM.
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Old 07-11-2014, 11:33 AM
shilpa2014 shilpa2014 is offline
Join Date: Jun 2014
Posts: 52

We should welcome this budget, It is actually a good future plan.

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Shilpa Shree

Last edited by megri : 09-23-2014 at 01:01 PM.
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