Interim Budget Highlights:
ü FY14 fiscal deficit to be contained at 4.6% of GDP
ü FY15 fiscal deficit TGT at 4.1%
ü FY14 CAD will be contained at $45 bn
ü Added $15 bn of forex reserves in FY14
ü Food inflation continues to remain the main challenge
ü FY14 food grain production stands at 263 MT
ü Fall in Manufacturing Investment worrying
ü 9 projects approved by DMIC Trust
ü Cabinet Committee Cleared 296 Projects By Jan-end
ü Farm Credit Seen At Rs.7.35Lk crore Vs Target Of Rs.7 lakh crore
ü Added $15 Bn Of Forex Reserves In FY14
ü FY14 GDP TO BE 4.9%
ü FY14 Q3 & Q4 GDP growth to be at least 5.2%
ü Reject Argument Of Policy Paralysis
ü PSU enterprises' capex was Rs.2.57 lakh crore
ü FDI Policy was liberalised to attract large investments
ü To start 4 UMPPs in FY15
ü UPA Govt has started gradual correction of diesel prices
ü FY15 Central assistance to states seen at Rs 3.38 lakh crore
ü To provide Rs 1,200 crore to North East states this fiscal
ü FY15 Plan expenditure kept at Rs.5.55 lakh crore
ü The govt remains fully committed to the #Aadhar for financial inclusion
ü Fy15 subsidies at rs.2.46 lakh crore
ü FY15 non-plan spend at Rs.12.07 lakh crore
ü FY15 food subsidy at Rs.1.15 lakh crore
ü FY15 fuel subsidy at Rs.65,000 crore
ü FY15 defence spend to be Rs.2.24 lakh crore vs Rs.2.04 lakh crore
ü FY15 capital infusion in PSU banks to be Rs.11,200 crore
ü FY15 fert subsidy to be at Rs.76,000 crore
ü Banks to lend Rs.8 lakh crore to Agri sector in FY15
ü To give Rs.3,711 crore to Minority Affairs Ministry in FY15
ü Moratorium for interest on Education Loans from March 2009 – December 2013
ü To amend FMC act to strengthen commodity & derivatives market
ü To liberalise Rs.-denominated bond market
ü To finance Current Account Deficit through foreign flows
ü Excise Duty cut by 2% for Cap Goods & Consumer Durables
ü No changes in tax laws
ü Excise Duty cut for small cars & bikes to 8%
ü Excise Duty for SUVs cut to 24% from 30%
ü Excise Duty on large & mid-segment cars cut to 20%
ü FY15 Revenue Deficit pegged at 3%
ü FY14 Revenue Deficit at 3.3%
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