Full Coverage : BUDGET 2014

Finance Minister Arun Jaitley presented the Union Budget for the 2014/15 financial year. Outlining the roadmap for fiscal consolidation, Jaitley said the government will retain the fiscal deficit target for 2014-15 at 4.1 per cent of GDP and reduce it further to 3 per cent by 2016-17. Presenting his maiden Budget, the Minister said the prevailing economic situation presents a great challenge and there was a need to introduce fiscal prudence that will lead to fiscal consolidation and discipline.

Gowda defends FDI; says will help high-speed and freight corridor projects

Gowda said the bullet trains and similar projects would be funded through FDI without putting any burden on the common man.

400 more cluster buses; toilets planned in jhuggi-jhopris

DTC will introduce an automated fare collection system through electronic ticketing machines and card-readers.

Six working women’s hostel to come up, more pension for the elderly
July 19, 2014

To ensure a safe stay while earning a livelihood, government has proposed more women’s hostels.

20 more schools planned

A sum of Rs 350 crore was earmarked for the construction of 20 new schools.

No new taxes for capital; Rs 260 cr in power subsidy
2015 market, 2015 market wishlist, Interest rate, rate cut, economic reforms, Union Budget, Union Budget 2015, 2015 Budget, pro-growth Budget

The present water treatment, trunk, peripheral and distribution system will be improved.

Rajasthan Budget FY’14: Sops galore for tourism sector
July 14, 2014

Vasundhara Raje in the Budget declared to celebrate Rajasthan Foundation Day on large scale again.

WPI inflation eases to 5.43 pct in June on slower increases in food prices

PM Narendra Modi has ordered a crackdown on hoarding and set limits on export of onions, potatoes.

Shanu SP Hinduja expresses optimism over Indian budget
July 13, 2014

Hinduja feels hopeful that to see that steps in the area of youth empowerment and reduction of poverty.

‘Budget, a tale of missed opportunities’
July 12, 2014

Experts gathered at the event felt that Union Budget was completely silent on issue of “black money”.

‘Sanitation in all houses possible by 2019’: TERI experts on #Budget2014
July 11, 2014

TERI) in partnership with The Indian Express organised a Twitter chat with experts on Budget 2014.

City of London Corporation welcomes Indian budget

“The wide range of practical measures pinpointed by FM will go a long way in transforming India’s financial markets.”

Top NRI entrepreneurs hail budget as ‘progressive, pragmatic’

The budget attempts to balance a broad stimulus and capability building agenda.

Local BJP leaders congratulated Arun Jaitley on a ‘visionary, development-oriented’ budget

Sanjay Tandon: Sabka sath, sabka vikas, the budget has taken the country a step forward.

Don’t see ‘good days’ yet : Omar Abdullah on Union budget

Omar said there was nothing in the budget for the industry in Kashmir.

City to house National Industrial Corridor Authority

The Authority would be the cornerstone to drive India’s growth in manufacturing and urbanisation sectors: Jaitley.

‘Agri-biotech cluster in Pune to boost industry, offer more jobs’

The Agri-biotech cluster will help aspiring bio-technologists from the city to get employed: Jaitley

Puneites give a thumbs up to Jaitley’s budgetary promises

The increased tax exemption limit of Rs 2.5 lakh is a sigh of relief for Pune citizens.

Proposed IIM in city will not meet fate of IIIT, says Shirole
IIM small

The inability to acquire land in 2012 for IIM, strengthened chances of Nagpur setting up maiden IIIT project.

US investors welcome Narendra Modi govt’s maiden Budget

Arun Jaitley has opened the door to a much wider level of US involvement in India’s development plans in the coming years.

Tobacco growers fear dip in profit
tobacco cancer

As per the announcement made in the Budget, excise duty on cigarettes will be increased between 11%-72%,

Arun Jaitley hopeful of BJP support on 49% FDI in insurance

The Bill could not be taken up in the Rajtya Sabha because of opposition from several political parties.

‘Beti Bachao, Beti Padhao’ scheme draws mixed reactions

Scheme to sensitise people about gender equality in the country received mixed reactions.

Experts react to Jaitley’s first budget

Here is what our experts have to say as Arun Jaitley proposes Budget 2014-15.

Budget in 282 points

The highlights of the Budget 2014 in 282 points, one for each seat in the Treasury benches

Budget by a govt of FDI, by FDI, for FDI: Mamata

After rail budget, Bengal and several other states have been deprived in the Union Budget too, said Mamata.

Visionless Budget, says Mamata

The BJP government must remember that people of Bengal will not starve.

Budget makes it easier for Govt to shut down NGOs and trusts

The explanatory memorandum in the Budget document explains that often NGOs ask for such relaxation.

Destination defined but roadmap on reforms not so clear

The stock markets were undecided through the Budget, but finally closed 72 points down.

Some fizz for health activists: Now pay more for aerated drinks

Health experts welcomed the hike in taxes.

‘I looked at unresolved issues and tried to address them’

Arun Jaitley said the Budget has taken many steps that are necessary but were not taken in past 10 years.

Rs 5,000 cr extra for Defence, bulk of it for R&D

Contention of foreign investors, is that an increase to 49 per cent is a very limited step and would not encourage foreign investments.

A pragmatic growth-oriented Budget

The emphasis on infrastructure will spur the economy.

Budget a damp squib, no steps to tackle price rise, says AAP

The party also “reminded” Finance Minister of his promise of a slew of measures to check price rise and inflation.

A fresh plan for Kisan TV

The channel will air content on how food goes through the processing and supply chain.

National agri market, FCI reform Modi’s keys to revive farm sector

With food volatility a big concern, Centre sets up price stabilisation and agri-infrastructure funds.

A five-minute break from Budget speech after back spasm

Jaitley resumed his speech at 11:50 am after being allowed by the Speaker to remain seated while speaking.