Highlights of Union Budget 2014:

1.Fiscal deficit target for 2014‐15 at4.1%ofGDPand 3.6 for 2015‐16 and 3% for 2016‐17
2.Revenue Deficit seenat2.9%for FY15
3.Aim to achieve7‐8percent economic growth rate in next 3‐4 years: FM
4.Committed for growth ofagriculture at the rateof4percent.
5.DefenceFDIcapraised to49%from26%atpresent
6.Exemption limits on income tax from Rs.2lakhtoRs.2.5lakh.
7.Forseniorcitizens, the exemption on incomehas been raised to Rs.3lakhperannum.
8.Tax‐free cap on homeloan interest from Rs.1.5toRs.2lakh.
9.No change in Income tax rates and slab .
10.Annual PPF ceiling to be enhanced to Rs1.5lakh,fromRs1lakh
11.WomenSafety:i.Outlay of Rs. 50 crores for apilot scheme on road safetyii.Another 150 crores to be spent by MHA on safety on women in larger cities iii.’Beti Bachao, Beti Padhao Yojana-100crores
12.Rs 3600 cr set aside for National Rural Drinking Water: FM
13.Rural housing: Rs 8000 crore fornational housing banking programme
14.Metro rails in PPP mode; Rs. 100cr set aside for metro schemein Ahmadabad and Lucknow
15.Each year government will be adding AIIMS to ensure there is anAIIMS in every state: Jaitley
16.Rs 100 crores to set up virtual classrooms.
17.Rs500croresfor setting up 5 more IIMs and IITs
18.FM Proposes to enhance the scopeof income tax settlement commission
19.Rs 7,060 crore allocated for building new cities
20.Rs 200 crores credit scheme for start‐ups by those from scheduled castes and tribes
21.15 Braille press to come up.
22.Currency note with Braille‐like signs
23.Minimum pension ofRs.1000permonth to all PP schemes.
24.Rs 50,548 cr proposed for SC development
25.Bharat Swach Yojna proposed for hygiene andcleanliness.
26.Rs.200croreforStatueof Unity, a statue ofSardarPatelinGujarat.
27.Rs.1000cr for irrigation plan namedPradhanmantrikrishisichayinyojana.
28.e‐visa for nine cities.
29.Rs. 7060 cr for creating smart cities.
30.Assam and Jharkhand to get Centre of Excellence on farming
31.Rs. 100 crores for modernization of Madrasas
32.Jaitley announcesSkillIndia,aprogrammeto train youth for jobs
33.Ruralhousing:Rs8000croresfor national housing banking programme
34.Senior Citizens Pension PlanExtended Till August 2015
35.Rs. 500 crore for pricestabilization fund.
36.100 soil testing laboratories across the country.
37.AgricultureUniversityin AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside
38.An AIIMS will be created in every state.
39.All six new AIIMS are functional. Four more AIIMS under consideration. 12 more medical colleges will be added. Rs. 500crore allocated for this.
40.Govt allocatesRs500crforInternetconnectivityin villages
41.Crisis Management Center for women at Delhi
42.StartupvillageatRs100croreto promote entrepreneurship among rural youth.
43.Rs.14,389crores for PM Sadak Yojana
44.Rs200crore allocated to set up six textiles clusters


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