Interim Budget 2014-15 : Points to Remember

Interim Budget 2014-15 : Points to Remember

• Growth estimated at 4.9% of GDP in 2013-14 .
• Fiscal deficit estimated at 4.6% in 2013-14 , expected to be 4.1% in 2014-15 .
• Current Account Deficit - $ 45 billion .
• Planned Expenditure - Rs. 5,55,322 crore .
• Non- Planned Expenditure - Rs. 12,07,892 crore .
• Rs. 3,370 crore transferred to 2.1 crore LPG beneficiaries .
• 57 crore Aadhaar Card issued so far  .
• Rs. 1,15,000 crore for food subsidy .
• Rs. 65,000 crore for fuel subsidy .
• Defence budget increased by 10% to Rs. 2,24,000 crore .
• Rs. 500 crore allocated for "One Rank One Pension" .
• Excise duty on mobile phones to be restructured .
• Rs. 1000 crore for "Nirbhaya Fund" (non-lapsable) .
• Tax Revenue expected to rise by 18% .
• Blood banks exempted from service tax .
• Capital infusion of Rs. 11,200 crore in Public Sector Banks .
• Proposal for the formation of Research Funding Body to promote R & D .
• 10% and 5% surcharge on super-rich(>10 crore) and rich(1 crore to 10 crore) respectively to be continued .
• Government raises agriculture credit target to Rs. 8 lac crore .

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