Finance Taxation

India finance Budget Highlights: 2014

India finance Budget Highlights : 2014

 

1

Rs 100 crore for training of sportspersons for upcoming Asian Games.

2

Sports university to be set up in Manipur, Rs 100 crore to be provided for this.

3

Biotech clusters to be set up in Bangalore and Faridabad.

4

An NRI fund for conservation of river Ganga to be set up.

5

World class convention facilities to be developed through PPP mode.

6

FM announces ‘Namami Ganga’, an integrated Ganga Development Project; Rs 2037 crore allocated for this.

7

Rs 2.29 lakh crore allocated for defense sector.

8

Rs 1,000 crore for ‘one rank, one pension’ scheme.

9

War memorial to be set up along with a war museum; Rs 100 crore set aside for this.

10

A War Memorial to be constructed in Princess Park: FM

11

To allocate Rs 150 crore to boost women’s safety

12

RBI will create framework for licenses of small banks

13

There should be at least 2 bank accounts in each household, says FM

14

Govt to provide all households with banking facilities to empower the weaker sections.

15

Bank to be encouraged to give long term funds and loans to infrastructure sector.

16

Uniform KYC across the finance sector.

17

Rs 3600cr set aside for National Rural Drinking Water.

18

FDI in insurance and defense to be hiked to 49 per cent.

19

Retrospective tax amendment to be undertaken with extreme caution

20

Ultra modern solar power plants to be set up.

21

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

22

Impasse in coal sector will be resolved

23

Govt proposes to set up 5 new IIMs and 5 new IITs.

24

The four new AIIMS will be in AP, West Bengal, Vidarbha and Purvanchal

25

Rs 3600 crore set aside for National Rural Drinking Water.

26

Crisis Management Centre for women in Delhi, money to be provided from Nirbhaya fund

27

Jaitley announces ‘Beti padhao, beti badhao yojana’, sets aside Rs 100 crore for this.

28

EPFO will launch a unified account scheme for portability of Provident Fund accounts

29

15 new Brail presses to be established and revival of 10 existing announced.

30

The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this

31

Rs 200 crore set aside to support Gujarat govt in the Sardar Patel statue installation

32

Rs 500 crore for Deen Dayal Upadhyay rural electrification program

33

Total sanitation goals to be achieved by 2019

34

Govt committed to providing 24/7 power supply to all homes: Jaitley

35

proposed Rs 7060 crores for the development of 100 smart cities

36

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

37

Rs 3600 crore set aside for National Rural Drinking Water.

38

Slum development to be included in Corporate Social Responsibility activities.

39

Rs 200 crore allocated for 6 more textile clusters in Rae Bareily, Lucknow, Surat and Bhagalpur.

40

16 new ports to be set up. Rs 11,000 crore to be allocated for this.

41

‘Jal Marg Vikas’ project on river Ganga

42

Rs 4200 crore set aside for ‘Jal Marg Vikas’ project on river Ganga connecting Allahabad to Haldia, over a distance of 1620km.

43

New and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore.

 

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