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Thursday, July 10, 2014

Budget Highlight

New Delhi:-

* Lok Sabha takes five-minute break during finance minister’s speech. Jaitley permitted to sit and read out on resumption

* FDI limit in insurance sector raised to 49 percent

* All states to get AIIMS like institutions

* Allocation of Rs.100 crore for soil testing facilities

* Second Green Revolution to be launched with focus on protein revolution

* Allocation of Rs.100 crore to promote good governance

* Allocation of Rs.3,600 crore for drinking water schemes


* Allocation of Rs.500 crore for 5 more IITs and 5 more IIMs

* Allocation of Rs.4,000 crore for National Housing Bank

* Allocation of Rs.500 crore to improve broadband connectivity in rural areas

* To print currency notes with Braille signs

* Allocation of Rs.150 crore to improve safety of women in larger cities

* Allocation of Rs.500 crore to provide 24×7 power in rural areas

* Allocation of Rs.100 crore for “Beti bachao, beti padao” programme

* Allocation of Rs.8,000 crore to improve rural housing

* E-visas to be introduced at nine airports

* New scheme to provide assured irrigation

* Total sanitation in every household by 2019

* Shares of PSU banks to be sold to retail investors

* Aiming at fiscal deficit of 3 percent by 2015-16 and 2 percent by 2016-17

* FDI in defence sector raised to 49 percent from 26 percent

* CBDT to scrutinize all cases under 2012 law on retrospective tax cases

* Problem of black money to be fully addressed

* Expenditure Management Commission to be established this fiscal

* Slow decision-making has resulted in lost opportunities

* Green shoots of recovery in world economy

* Budget will lay down steps aimed at 7-8 percent growth in next few years

* The aim is “Sub ke saath, sub ka vikas” (With everyone, For everyone’s development)

* Should we be victims of populism?

Source:http://freepressjournal.in














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