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Interim Budget 2014: Small cars, bikes, SUVs, local mobile phones to be cheaper, no change in IT rates

Published: ,Updated:

New Delhi: In sops to middle-class ahead of the Lok Sabha polls, the Interim Budget today slashed excise duty on cars and two- wheelers, capital goods and consumer non durables and acceptance of long standing

interim budget 2014 small cars bikes suvs local mobile phones to be cheaper no change in it rates
interim budget 2014 small cars bikes suvs local mobile phones to be cheaper no change in it rates Image Source : INDIATV
FM - Other major decisons include new bank licenses

FM - The companies act has replaced the 1956 Act.

11: 35 am: FM - Union Territories to get more funds.

FM - About 50000 MW of Thermal power projects will be completed.

FM: Lots of technology based industries have been given the nod

FM - We have encouraged small scale and cottages industries.

FM: Foreign exchange reserves up by USD 15 billion

FM: Agriculture credit will cross USD 45 billion against USD 41 billion in 2012-13.

FM- Nirbhaya fund has Rs.1000 crore. It will be a permanent fund.

FM - National Skill Development Programme to get more funds.

FM: 3 more industrial corridors - Chennai-Bangalore, Bangalore-Mumbai, Amritsar-Kolkata - under various stages of implementation.

FM: Merchandise export to grow by 6.8 pc to USD 326 billion.

FM: GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2 pc

FM: Declining fiscal deficit, moderation of CAD, stable exchange rate and increase in project implementation result of hardwork

FM: Expenditure on education has risen from Rs 10,145 crore 10 years ago to Rs 79,251 crore this year

FM: Sugar decontrol, gradual correction of diesel prices, application for new bank licenses, sick electricity distribution companies restructured

FM: Average growth under UPA's ten year rule was 6.2 per cent against 5.9 during NDA period of 1999-2004

FM: Average growth under UPA-I was 8.4 per cent and UPA-II

FM - People at the bottom of the pyramid need Aadhar.

FM - Total of 54 lakh transaction has taken place under the Direct Benefit Scheme

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