Union Budget 2014
●Aim to achieve 7-8% economic growth rate in next 3-4 years: FM●FDI in Defence sector increased to 49%
●FDI in Insurance sector increased to 49%
●No changes in taxes retrospectively, Jaitley says
● PSUs to invest 2.5 lakh crore
● Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this
●500 crore for Deen Dayal Upadhyay rural electrification programme
●Total sanitation goals to be achieved by 2019
● Rs 200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion
●12 more medical colleges with dental facilities as wel
●3600 crore set aside for National Rural Drinking Water.
● 5 new IITs and 5 IIMs to be set up
●Development of Metro rails in PPP mode; Rs 100 crore set aside for Metro scheme in Ahmedabad and Lucknow.
●The four new AIIMS will be in AP, West Bengal, Vidarbha and Purvanchal
●12 more medical colleges with dental facilities as well
● 'Beti padhao, beti badhao yojana', sets aside Rs 100 crore for this.
● 200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion
●100 crore for modernisation of madrasas
● Lok Nayak National Centre for higher education.
● Govt to provide finance to 5 lakh landless farmers through NABARD
●Gvot to set up Industrial Smart Cities in 7 cities
●6 more textile clusters to be set up
●Govt to take effective steps to revive SEZs
● 200 crore allocated for 6 more textile clusters in Rae Bareily, Lucknow, Surat and Bhagalpur.
●100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues.
● 15000km of additional pipeline to be developed through PPP mode
●New airports to be developed through PPP mode in tier-II and tier-III cities.
●16 new ports to be set up. Rs 11,000 crore to be allocated for this.
● New and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore.
● 'Jal Marg Vikas' project on river Ganga. Rs 4200 crore set aside for 'Jal Marg Vikas' project on river Ganga connecting Allahabad to Haldia, over a distance of 1620km.
● Trade facilitation centre to promote handloom work in Varanasi.
● To allocate Rs 150 crore to boost women's safety
● RBI will create framework for licences of small banks
● There should be at least 2 bank accounts in each household
● 100 crore for training of sportspersons for upcoming Asian Games.
● Biotech clusters to be set up in Bangalore and Faridabad.
● Annual PPF ceiling to be raised to Rs 1.5 lakh, from Rs 1 lakh.
● Rs 2.29 lakh crore allocated for defence sector.
● Rs 1,000 crore for 'one rank, one pension' scheme.
● No major changes in income tax rates, No changes in tax rates for individuals
● Tax exemption limit for small and marginal, and senior tax payers changed from Rs 2 lakh to Rs 2.5 lakh.
● Personal income tax limit increased by Rs 50,000 for people below 60 years.
● Raises PPF ceiling to Rs 1.5 lakh
● Personal computers, electronic goods to be cheaper. FM announces proposals to make CRT TVs cheaper.
● 60 more 'Ayakar Sewa Kendras' to be set up.
● Housing loan rebate to raised from 1.5 lakh to 2 lakh
● Govt to provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 crore in plant and machinery.