1. You Are At:
  2. Home
  3. Business News
  4. FM Arun Jaitley gives tax relief, targets growth and curbs deficit

FM Arun Jaitley gives tax relief, targets growth and curbs deficit

New Delhi: Jaitley finishes his Budget speech, tables the Bill in the Parliament. FM cuts excise duty to 6% from 12% on footwear below Rs 1,000FM Raises excise duty on pan masala to 16% from

India TV Business Desk [ Updated: July 10, 2014 14:30 IST ]
fm arun jaitley gives tax relief targets growth and curbs
fm arun jaitley gives tax relief targets growth and curbs deficit

New Delhi: Jaitley finishes his Budget speech, tables the Bill in the Parliament.


FM cuts excise duty to 6% from 12% on footwear below Rs 1,000

FM Raises excise duty on pan masala to 16% from 12%

Cigarette, gutkha, soft drink to become costlier: FM

FM : Indian Custom Single Window Project to be taken up for facilitating trade

FM exempts loading/unloading and transportation of cotton from service tax

To broaden tax base, negative list for service tax has been reviewed: FM

FM announces increased excise duty on tobacco products, and aerated water products with added sugar

FM announces reduction in excise duty for specified food package industry from 10% to 6%.

FM : excise duty on footwear reduced from 12% to 6%

FM : basic custom duty on LED panel below 19 inch made nil

FM announces measures to encourage manufacture of LCD/LED panels of TVs

To provide investment allowance at 15% for 3 yrs to the manufacturing company which invests more than Rs 25 cr in plant and machinery: FM

On Direct Tax Code, the govt will review and take a decision: FM

10 year tax holiday for new generators or distributors of power: FM

Non plan expenditure: Rs 1219892 crore: FM

Direct tax: retain interim budget targets. Rs 13,64,524 cr tax receipts

No change in surcharge rate: FM

Education cess remains at 3%: FM

For senior citizens tax exemption moved up to Rs 3 lakh : FM

Housing loan : exemption up to Rs 2 lakh for self occupied houses

Investment limit under 80C increased to Rs 1.5 lakh: FM

FM : 60 more Ayakar Sewa Kendras to be set up in the country

FM : Tax exemption limit for senior citizens changed from Rs. 2.5 lakh to Rs. 3.0 lakh

FM: Tax exemption limit for small and marginal, and senior tax payers changed from Rs. 2.0 to Rs 2.5 lakh

Rs 200 crore fund to improve electricity in Delhi: FM

Rs 500 cr fund to improve drinking water facility in Delhi: FM

FM : announces "Arun Prabha" channel for NE region; will be 24/7 channel

FM : Rs 1000 cr provided for rail connectivity in NE region

FM : Rs 100 cr set aside for development of organic farming in north east region

FM : Programme for displaced Kashmiri migrants with Rs. 500 cr to be started

FM : Sports University to be set up in Manipur; Rs. 100 cr provided in current financial year

FM : Govt will set up national sports academy for different sports in different parts of India

FM : announces "Namami Ganga", an integrated Ganga Development Project; Rs. 2037 cr set aside for this

FM : NRI fund for conservation of river Ganga to be set up

FM : Biotech clusters to be set up in Bangaluru and Faridabad to take science and technology to new heights

Rs 2,29000 crore for defense: FM

1 rank- 1 pension for army: FM

Police reforms - Rs 3000 crore set asie vs Rs 1800 crore last Budget: FM

FM : To link rivers govt sets aside Rs 100 cr

FM : announces Rs 100 cr for development of Archaeological sites. Gaya to be developed as world class tourism spot

FM : RBI will create framework for licenses of small banks

FM : War memorial to be set up along with a war museum; Rs. 100 cr set aside fro this

FM : Rs. 5000 cr set aside for defence outlay over and above amount provided under interim budget

1 operating Demat account to control any instrument: FM

Introduce uniform KYC norms across financial sector: FM

Allow international settlements of bond settlements: FM

Advise regulators for liquid corporate bond market, eliminate unnecessary restrictions: FM

Modern monitory policy to be brought in: FM

Apprentice Act to be suitably amended to strengthen the Apprentice Training Scheme: FM

16 new port porjects this year: FM

FM : To complete gas grid, 15000 km of additional pipeline to be developed through PPP mode

FM : new & renewable energy deserves high priority;ultra modern power projects to be taken up in Rajasthan,Tamil Nadu, Ladakh with Rs 500 cr

FM : Rs. 4200 cr set aside for Jal Marg Vikas project on river Ganga connecting Allahabad to Haldia,over 1620 km

NHAI to get Rs 37000 crore; include Rs 3000 crore for North East

Scheme for airport in Tier 1 and 2 under Airport Authority of India

Disinvestment to retail investors to collect money. To give greater autonomy to banks.

PSU capital expenditure: Rs 2, 47,000 crore.

FTII Pune, SRFTI Kolkata:special status of national importance

Govt announces Price Stabilisation Fund


Govt will undertake open market sales to keep prices under control: FM

FCI will be restructured
: FM

FM : To set up Industrial Smart Cities in 7 cities

FM : All govt departments and ministries to be integrated through E-platform by 31 Dec this year

FM: Rs. 100 cr set aside for Kisan Television to provide real time information on various farming and agriculture issues

FM : Rs. 5000 cr short time rural credit refinance fund for 2014-15

FM : propose to provide finance to 5 lakh landless farmers through NABARD

Mission for low cost housing proposed to incentivise development of low cost housing; Rs. 400 cr announced: FM

FM : Govt will initiate scheme to provide a soil health card; Rs. 100 cr set aside. Rs. 56 cr for soil testing labs across the country

FM : Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside

FM : announces Rs 100 cr for modernisation of madrasas

FM announces development of Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmedabad and Lucknow

FM : Urban renewal will address drinking water, use of recycled water,solid waste management, digital connectivity; 500 habitats supported

We are for minimum government, maximum governance: Jaitley

FM : proposes National Rural Internet and Technology Mission; Rs. 500 crores set aside

FM : Pt Madan Mohan Malaviya Teaching Programme to be started

FM : Rs 100 cr set aside for Community Radio Centres; 600 new and existing ones will be supported

FM : 15 Model Rural Health Research centers to be set up for rural health issues

FM sets aside Rs. 500 cr set aside for four more AIIMS. Six new AIIMS started recently have become functional

FM proposes 12 more Govt Medical colleges with dental facilities

FM : The four new AIIMS will be in AP, West Bengal, Vidarbha and Purvanchal

FM announces Rs. 3600 cr for National Rural Drinking Water

FM announces Backward Regional Grant Fund to address inter regional inequalities

FM : proposes National Housing Banking programme; sets aside Rs. 8000 cr for this program

FM : PMGSY has a massive impact on rural development; sets aside Rs. 14,389 cr for this

FM announces Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund

FM  laments apathy towards girl child; announces Beti padhao, beti badhao yojana; sets aside Rs. 100 cr for this

15 new Brail presses to be established and revival of 10 existing announced by FM

FM :  A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised

FM : EPFO will launch a unified account scheme for portability of Provident Fund accounts

FM : announces schemes for disabled persons in the country

FM : Rs 200 cr set aside to support Gujarat govt in the Sardar Patel statue installtion

FM : Rs 50,548 cr proposed for SC development

FM : Govt committed to providing 24/7 power supply to all homes

FM : A national multiscale programme called Skill India to be introduced to provide training and support for employment

FM : "Pradhan mantri krishi sichayin yojana" to be started for irrigation

FM : To boost tourism, E-visas would be introduced at 9 airports. This will facilitate visas on arrival.

FM : financial stability is the foundation of our recovery

FM : I propose measures to encourage development of smart cities

FM : We will examine proposal to give additional autonomy to banks and make them more responsible

FM : India needs boost in manufacturing sector

FM :  India is the largest buyer of defence equipment

FM: India needs boost in manufacturing sector

FM :  India is the largest buyer of defence equipment

FM: GST will streamline tax administration and result in higher tax collection for center and states

FM : we have no option but to take some bold steps to spurt economy; these are only the first steps and are directional

FM :  GST will streamline tax administration and result in higher tax collection for center and states

FM : GST will streamline tax administration and result in higher tax collection for center and states

FM : we are committed to providing stable tax regime which is investor friendly

Will usher in policy regime that will usher in higher growth, low inflation: FM

Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM

Will leave no stone unturned to create a vibrant India: FM

FM : There is a gradual moderation in the WPI recently; but we are still not out of the woods

FM : Considering that we had two years of low GDP growth, a large subsidy burden, target of 4.1% fiscal burden is daunting

FM : The emphasis is on fiscal prudence, need to generate more resources

Finance Minister: Anti-poverty programmes should be well targetted

FM: The task before me today is very challenging; need to revive growth in manufacturing sector

FM : we have taken up the challenge in the right ernest; will create a vibrant and strong India

FM : There is a large population which is below the poverty line.

FM : The steps I will announce are only the beginning of the journey we wish to take for macro economic stabilization

FM : The budget is the most comprehensive action plan

FM : There are green shoots of recovery in the global economy

Promoted Content