General Budget 2014- 15 | Highlights | Current Affairs

Thursday, July 10, 2014

General Budget 2014 was presented on 10th July 2014 by Hon'ble Finance Minister Mr. Arun Jaitley.

Some Highlights of the General Budget are as follows:
  • Income-tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh
  • Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.
  • Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh
  • Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh.
  • LCD, LED TV become cheaper
  • Cigarettes, pan masala, tobacco, aerated drinks become costlier
  • 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
  • 5 more IITs in Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala.
  • 4 more AIIMS like institutions to come up in AP, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP
  • Rs 100 cr scheme to support about 600 new and existing Community Radio Stations
  • Rs 100 cr for metro projects in Lucknow and Ahmedabad
  • Govt expects Rs 9.77 lakh crore revenue crore from taxes
  • Govt’s plan expenditure pegged at Rs 5.75 lakh crore and non-Plan at Rs 12.19 lakh crore.
  • Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called ‘Namami Gange’
  • Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
  • FDI limit to be hiked to 49% pc in defence, insurance
  • ‘Pandit Madan Mohan Malviya New Teachers Training Programme’ launched with initial sum of Rs 500 crore
  • Govt provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants
  • Set aside Rs 11,200 crore for PSU banks capitalisation
  • Rs 7,060 crore for setting up 100 Smart Cities
  • A project on the river Ganga called ‘Jal Marg Vikas’ for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose.
  • Long term capial gains tax for mutual funds doubled to 20%; lock-in period increased to 3 years
  • Rs 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
  • EPFO to launch the ‘Uniform Account Number’ service to facilitate portability of Provident Fund accounts
  • Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to Rs 15,000
  • Minimum pension increased to Rs 1,000 per month

General Budget 2014- 15 | Highlights | Current AffairsSocialTwist Tell-a-Friend

0 comments:

Post a Comment

:: Search by Keywords ::

About (1) Additional Government Advocate (1) Additional Legal Adviser (1) Additional Public Prosecutor (1) Adviser (2) Advocates-on-Record (13) AIBE (11) AIBE Notification (7) AIBE Result (3) AIBE Schedule (1) AIBE Syllabus (1) AILET (8) AILET Syllabus (1) Allahabad High Court (28) Andhra Pradesh APP (3) Andhra Pradesh Civil Judge Junior Division (24) Andhra Pradesh HJS (13) AOR Notification (2) APO Syllabus (12) Arbitration centre (1) Arunachal Pradesh Judicial Service Grade-I (7) Arunachal Pradesh Judicial Service Grade-II (3) Arunachal Pradesh Judicial Service Grade-III (5) Assam HJS (29) Assam Judicial Service (32) Assistant District Attorney (3) Assistant Government Advocate (1) Assistant Law Officer (1) Assistant Legal Adviser (2) Assistant Legislative Counsel (1) Assistant Public Prosecutor (3) Assistant Registrar (1) Assistant Secretary cum Law Assistant (1) Asst Estate Superintendent (2) Bar Council of India (4) Bihar APO (32) Bihar Civil Judge Junior Division (17) Bihar HJS (21) Budget (10) CBI (3) CBI APO (2) CCI (2) Census (1) CESTAT (1) Chhattisgarh APO (5) Chhattisgarh Civil Judge Junior Division (21) Chhattisgarh High Court (4) Chhattisgarh HJS (34) Civil Judge Junior Division Syllabus (17) Civil Judge Question Papers (151) Civil Judge Solved Papers (93) CLAT (23) CLAT Syllabus (2) Company Law Board (1) Constitution of India (4) Current Affairs (12) Delhi APP (1) Delhi High Court (2) Delhi HJS (12) Delhi Judicial Service (24) Department of Revenue (1) Deputy District Attorney (1) Deputy Government Advocate (1) Deputy Legal Adviser (1) Director (3) Disclaimer (1) District Legal Aid Officer (5) Election Commission of India (1) Eminent Legal Personality (6) Gauhati High Court (5) General Knowledge (1) Gujarat Civil Judge Junior Division (12) Gujarat High Court (11) Gujarat HJS (19) HAL (1) Haryana ADA (2) Haryana Superior Judicial Service (34) HCS Judicial Branch (73) High Court of Bombay (15) High Court of Calcutta (5) High Court of Uttarakhand (1) Himachal Pradesh ADA (3) Himachal Pradesh Civil Judge Junior Division (26) Himachal Pradesh High Court (3) Himachal Pradesh HJS (11) Hindu Law (2) HJS Question Papers (88) HJS Solved Papers (30) HJS Syllabus (19) Important Cases (7) Jammu and Kashmir HJS (11) Jharkhand APO (15) Jharkhand Civil Judge Junior Division (18) Jharkhand High Court (2) Jharkhand HJS (9) Joint Secretary (1) Joint Secretary Legal and Admn (1) Judicial Exams in India (1) Judicial Indexer (1) Judicial Service Grade-II Syllabus (1) Junior Judicial Assistant (3) Junior Legal Officer (4) Karnataka Civil Judge (12) Karnataka High Court (9) Karnataka HJS (4) KCS Judicial (7) Kerala HJS (20) Kerala Judicial Service (34) Law Assistant (4) Law Clerk (61) Law Commission of India (1) Law Entrance Exam (31) Law Entrance Notification (14) Law Entrance Result (4) Law Entrance Schedule (7) Law Entrance Syllabus (3) Law researcher (6) Legal Articles (8) Legal Assistant (22) Legal Assistant Syllabus (1) Legal Personality (6) Legal Research Assistant (7) Legal Service Officer (5) Legislative Counsel (1) Legislative Department (1) Madhya Pradesh Civil Judge Junior Division (26) Madhya Pradesh High Court (7) Madhya Pradesh HJS (34) Madhya Pradesh Legal Service Authority (4) Madras High Court (2) Maharashtra Civil Judge Junior Division (4) Maharashtra Family Court Judge (1) Maharashtra HJS (25) Management Trainee Legal (1) Manipur HJS (2) Manipur Judicial Service (11) Meghalaya HJS (1) Member (Judicial) (2) Miscellaneous (3) Mizoram HJS (5) Nagaland Judicial Service Grade I (7) Nagaland Judicial Service Grade III (4) National Human Rights Commission (1) National Judicial Academy (1) NLU (1) NLU Delhi (6) Notifications (305) Olympics (1) OPSC (3) Orissa APO (9) Orissa High Court (3) Orissa Judicial Service (19) Orissa Superior Judicial Service (31) Patna High Court (3) PCS Judicial Branch (41) Privacy Policy (1) Public Law Officer (3) Public Prosecutor (2) Puducherry Judicial Service (2) Punjab Superior Judicial Service (34) Rajasthan APP (4) Rajasthan Civil Judge Junior Division (46) Rajasthan High Court (4) Rajasthan HJS (16) Recruitment (282) Registrar (1) Reporter (1) Research Assistant (21) Result (364) RPSC (1) Schedule (299) Sikkim Judicial Service (4) Sikkim Superior Judicial Service (3) SJM (22) SMM (22) Special Judge (2) Special Judicial Magistrate (1) Special Metropolitan Magistrate (2) Special Municipal Magistrate (2) Supreme Court of India (15) Tamilnadu APO (6) Tamilnadu Civil Judge Junior Division (5) Tamilnadu HJS (5) Tripura HJS (10) Tripura Judicial Service (10) UPPSC (4) UPSC (17) Uttar Pradesh APO (23) Uttar Pradesh Civil Judge Junior Division (163) Uttar Pradesh HJS (117) Uttarakhand APO (3) Uttarakhand Civil Judge Junior Division (107) Uttarakhand High Court (5) Uttarakhand HJS (53) Welcome (1) West Bengal APO (2) West Bengal HJS (24) West Bengal Judicial Service (33) West Bengal Legal Service (4)