Английская Википедия:2014 Union budget of India
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The 2014 Union Budget of India was presented by Finance Minister, Arun Jaitley on 10 July 2014,11 am.[1] This was the first budget of Narendra Modi led NDA government.[2]
Salient features of the budget
- Шаблон:INRConvert provided for the development of Smart Cities in India
- Шаблон:INRConvert provided for irrigation
- 5 New IITs and IIMs and four new AIIMS in India.
- New airports scheme in tier 1 and 2 cities
- Schemes for development of sports across the country.
Foreign Direct Investment
- FDI cap in Defense and Insurance sector has been increased to 49% from 26%.
- FDI in real estate for low cost housing
Personal tax and exemption limit
- No changes in personal income tax slabs. But tax exemption limit has been increased to Шаблон:INRConvert from Шаблон:INRConvert for those below the age of 60. Income tax exemption limit for senior citizens has been raised to Шаблон:INRConvert.
- Investment limit under Section 80C has also been increased to Шаблон:INRConvert from the current Шаблон:INRConvert.
- Housing loan interest rate deduction limit has been increased to Шаблон:INRConvert.
Budget 2014: Highlights of Finance Minister Arun Jaitley’s Budget speech
Reactions
- Former Prime Minister of India, Manmohan Singh reacted on budget saying that "Budget lacks road-maps".[3]
- The Communist Party of India (Marxist) accused the budget as "a recipe for further enriching the rich and impoverishing the poor. "[4]
- Former Chief Minister of Delhi, Arvind Kejriwal stated that "it was a directionless budget with no steps to bring down inflation in the country".[5]
- Sharad Yadav reacted on budget saying that "This Budget shows we are standing where we were. It's like distributing toffees".
- Sonia Gandhi said that Arun Jaitley copied the policies of congress government.[6]
- Rajeev Shukla stated that "This budget is intended for corporate sector and rich people. There is nothing in budget for common man"
- Sudheendra Kulkarni: Smart new cities are welcome. But far bigger challenge is to make old cities smarter. Possible only with Good Governance Reforms.[7]
- Sunil Duggal: The Union Budget 2014-15 was going to be a tough balancing act for Finance Minister Mr. Arun Jaitley, given the precarious state that the Economy was in.[8]
- President of FICCI, Sidharth Birla stated that "The FM has set the ground for repair of the economy. There has been a mix of both short-term and long-term measures geared towards boosting confidence of all key constituents."[9]
- President of CII, Ajay S. Shriram stated that "It has covered many aspects of the population and that is big plus. The finance minister has looked at policies from 2-3 year view and this is a positive direction for higher economic growth."[10]
See also
References
External links
