The Union Budget of 2014-15 include all the key features

1. The UNION BUDGET 2014-15
•Formation of New INDIA
•Formation of Developed INDIA

2. Union Budget
Planned
sales
volume
Revenues
Resource
qualities
Cost and
Expenses
Assets Liabilities
Cash
flows

3. 2.The Categories of the Union Budget:
 Agriculture.
 Industry.
 Infrastructure.
 Economic Situation And Challenges.
 Economic Initiatives.
 Financial Sector.

4.  Tax Proposals.
 Banking & Insurance Sector.
 Education.
 Cultural And Tourism.
 Water Resources.
 Defense And Internal Security.
 Budget Estimates.

5. Agriculture
Primary
occupation
Industry
Secondary
occupation
Infrastructu
re
Tertiary
occupation

7. 1. Agriculture:
Amount Committed In Field
8 Lakhs Agriculture Credit
5000 Crores Warehouse Infrastructure Fund.
50 crores Indigenous cattle breed
50 crores Inland fisheries
56 crore Soil testing laboratories

8.  Government when require, will undertake open
market sales to keep prices under control.
 Government committed to provide wheat and
rice at reasonable prices at weaker section of the
society.
 A sustainable growth of 4% in agriculture will
be achieved.

9. 2. Industry:

10.  Micro, Small And Medium
Enterprise:
 To skill Indian youth with an emphasis on
employability and entrepreneur skills.
 Rs.200 crore - Technology Centre
Network .

11.  Program to facilitate the linkages with
multiple value chain of manufacturing and
service delivery.
 A nationwide “District level Incubation
and Accelerator Program” for new ideas
and necessary support for accelerating
entrepreneurship.

12. Textile:
Amount Committed In Industries
50 crore Trade Facilitation Centre
Crafts Museum (develop and promote
handloom products)
500 crore Textile mega-cluster (Varanasi,
Bareilly, Lucknow, Surat, Kutch,
Bhagalpur and Mysore).
50 crore Pashmina Promotion Program (P-3)

13. 3. Infrastructure:

14.  Shipping:
 11635 crore - Outer Harbor Project in
Tuticorin.

15.  Special Economic zones will be developed in
Kandla and Jawaharlal Nehru Port Trust (JNPT).
Jawaharlal Nehru Port
Trust (JNPT),India’s
busiest container
gateway near Mumbai.

16.  Inland Navigation:
 Project on Ganges called “ Jal Marg
Vikas’ to be developed between Allahabad
and Haldia.

17.  Road Sector:
 Rs.37,880 crores - National Highways
Authority of India (NHAI)
 Rs.3000 crores - State Roads (in North
East).

18.  Target of NH construction of 8500 km
will be achieved in current financial year.

19.  Energy:
 Rs.100 crore - “Ultra-Modern Super Critical
Coal Based Thermal Power Technology.”
 Comprehensive measures for Enhancing
domestic Coal Production.

20.  New & Renewable Energy:

22.  Petroleum & Natural Gas:
 Production and exploitation of Coal Bed Methane
reserves will be accelerated.
 Possibility of using modern technology to revive old or
closed wells to be explored.
 Usage of PNG to be rapidly scaled up in a Mission
mode.

23. Urban Development:
 Vision of the Government is that 500 urban
habitations to be provided support.
 Present corpus of Pooled Municipal Debt
Obligation Facility to be enlarged to 50,000
Crore.
 100 crore provided for Metro Projects in
Lucknow and Ahemdabad.

24. Housing:
 Mission on Low Cost Affordable Housing
anchored in the National Housing Bank to be
set up.
 4000 crores for NHB from the priority sector.
 Slum development to be included in the list
of CSR activities.

25. Minorities:
 “Upgradation of Traditional Skills in Arts,
Resources and Goods” to be launched.
 An additional amount of 100 crores for
Modernization of Madrasas.

26.  Madrasas
◦ Muslim schools in Bangladesh and Pakistan.
◦ “Many madrasas in Bangladesh are
supported with money from Saudi Arabia"

27. North Eastern States:
 100 crore - development of organic
farming.
 A new 24x7 channel called “Arun Prabha”
to be launched

28. 4. Economic Situations:

29.  Deficit & Inflation:
Reduction in
expenditure rather
than by way of
realization of higher
revenue.
Restriction on non-essential
import and
slow-down in
overall aggregate
demand.

30. Low GDP growth,
Static industrial
growth, Moderate
increase in indirect
taxes, Subsidy
burden
Road map for fiscal
consolidation
outlines

31.  The problem of black money must be
fully addressed.

32.  Administrative Initiatives:
 A stable and predictable taxation is investor
friendly and spur growth.
 Strengthening the Authority for Advance Rulings.
 National Academy for Customs & Excise at
Hindupur in Andhra Pradesh.
 ‰The subsidy regime for full protection to the
marginalized, poor and SC/ST.

33.  Convergence with IFRS by Adoption of
the new Indian Accounting Standards by
Indian Companies.

34.  ‰Setting up of Expenditure Management
Commission.
 Rs.100 crore -‰Employment exchanges to
be transformed into career centres.
 Income-tax Settlement Commission scope
to be enlarged.

35. 5. Economic Initiatives:
Economic
Initiatives
FDI
Bank
Capital
ization
Real
Estate
Rural
develop
ment
SC/ST
Castes
Senior
Citizen
s
Women
&
Child
Develo
pment
Drinkin
g Water
Sanitati
on

36.  Foreign Direct Investment:
 Government to promote FDI selectively in
sectors.
 The manufacturing units to be allowed to
sell its products through retail including
Ecommerce platforms.

37. Bank capitalization:
 Requirement to infuse Rs.2,40,000 crore
as equity by 2018.
 Capital of banks to be raised by increasing
the shareholding of the people in a phased
manner.

38.  Real Estate:
 Incentives for REITS.
 REITS modified as the Infrastructure
Investment Trusts (INVITS).

39.  Rural Development:
 Provisions Of Bank Loan For Women
SHGs.
 Backward Region Grant Fund (BRGF) To
Be Restructured.

40. FUNDS ALLOCATED in crores
0%
58%
0%
33%
9%
DEEN DAYAL
UPADHYA
GRAMJYOTI
YOJANA=50 crores
PRADHAN MANTRI
GRAM SADAK
YOJNA ( PMGSY )=
14389 crores
START UP VILLAGE
ENTREPRENEURSH
IP PROGRAMME=
100crores
NATIONAL
HOUSING BANK=
8000 crores

41. Senior Citizens:
 “Varishtha Pension Bima Yojana” To Be Revived.
 Setup Of Committee To Handle With Unclaimed PPF, Post Office
Saving Schemes, Etc
 Minimum Pension Of 1000 Per Month For Member Of EP Scheme.
◦ Initial Provision 250Cr
 Hike In Mandatory Wage Ceiling Of Subscription To 15000.
◦ Existing Provision 250 Cr
 Establish 15 New Braille Presses And Modernize Existing 10
 Print Currency Notes With Braille Signs.

42. Women , Child Development:
Schemes / Purpose Fund Alloted
Safety For Women On Public
Road Transport
50 Cr
Safety Of Women In Large Cities 150 Cr
Beti Bachao And Beti Padhao
Yojana
100 Cr

43.  Drinking Water & Sanitation:
 Provided safe drinking water through
community water purification plants in
next 3 years.
 “Swachh Bharat Abhiyan” – household
with sanitation facility by the year 2019.

44. Health & Family
Welfare:
 AIIMS - A provision of Rs.500 crores.
 States’ Drug Regulatory and Food Regulatory
Systems to be strengthened
 15 Model Rural Health Research Centers to be
set up.

45. 6. Financial Sector:

46. Capital Market:
 Ongoing process of consultations with all
the stakeholders on the enactment of the
Indian Financial Code and reports of the
FSLRC to be completed.

47.  Following measures will be taken to energize
Capital markets:
◦ Introduction of uniform KYC norms and inter-usability
of the KYC records across the entire
financial sector.
◦ Introduce one single operating demat account.
◦ Uniform tax treatment for pension fund and mutual
fund linked retirement plan.

48. 7. Tax Proposals:
Tax Sector
Direct Tax Indirect Tax
Service Tax

49. Direct Tax:
 Basic Exemption:
Age group Before After
Below 60 2 lakhs 2.5 lakhs
After 60 2.5 lakhs 3 lakhs
 Deduction U/S 80C raised to 1.5 lakhs.

50.  ‰Deduction on interest on loan of SOP raised to 2
lakh.
 Investment allowance @ 15% to a manufacturing
company that invests more than 25 crore in any
year in new plant and machinery.
 Introduction of a “Roll Back” provision in the
APA scheme.

51. Indirect Tax:
Reduction In The Rates Increase In The Rates
Items On Petrochemical Sectors Steel Industry
Lcd, Led T.v. Below 19 Inches Diamonds
Solar Energy Production Pan Masala
Biogas Plants Bauxite
Ship Breaking Scrap Unmanufactured Tobacco
Export Of Precious Stones Gutkha And Chewing Tobacco
Garments
Food Processing And Packaging
Footwear

52. Service Tax:
 Services Newly Introduced To Service Tax:
◦ Sale Of Space For Advt In Broadcast Media
◦ Air Conditioned Contract Carraiges And Technical
Testing Of New Drugs.

53.  Services For Which Exemption Is Available:
◦ Sale Of Space For Advt In Print Media.
◦ Loading, Unloading, Warehousing And
Transportation Of Cotton.
◦ Employee’s State Insurance Corporation.
◦ Micro Insurance Scheme.
◦ Biomedical Waste Treatment.

54.  Promotion Of Indian Shipping Industry.
 Indian Tour Operators.
 24x7 Customs Clearance Facility And Cargo Clearance.
 Implementation Of ‘Indian Customs Single Window
Project’.

55. 8. Banking Sector:
 Reduction in weightage of CRR, SLR and
PSL
 RBI to create a framework for licensing
 6 new Debt Recovery Tribunals to be set
up.

56. Insurance Sector:
 The pending insurance laws bill to be
immediately brought for consideration of
the Parliament.
 The regulatory gap under the Prize Chits
and Money Circulation Scheme (Banking)
Act, 1978 will be bridged

57. 9. Education:
Education
School
Education
Higher
Education
Information
and
Broadcasting
Science and
Technology
Sports and
Youth
Affairs

58.  School Education:
Schemes Fund allotment
Sarv Shiksha Abhiyan (SSA) 28635 crore
Rashtriya madhyamic Shiksha
Abhiyan (RMSA).
4966 crore
School Assessment Programme 30 crore.
Pandit Madan Mohan Malviya New
Teachers Training Program
500 crore
Communication Linked Interface for
Cultivating Knowledge (CLICK)
100 crore

59. Higher Education:
 Rs.500 crore provided for setting up 5
more IITs
 5 IIMs in the States of HP, Punjab, Bihar,
Orisha and Rajasthan.
 Simplification of norms to facilitate
education loans for higher studies.

60. Science And Technology:
 Under this leadership, India will develop biotech
clusters with ICGEB in Faridabad and Bengaluru.
 Nascent agri-biotech cluster in Mohali to be
scaled up. In addition, two new clusters, in Pune
and Kolkata to be established.
 To strengthen atleast 5 institutions as Technical
Research Centre.

61. Sports and Youth Affairs:
 India to start an annual event in the Himalayan
region games.
 100 crore - Training sports women and men for
upcoming Asian games.
 200 crore - upgrading the indoor and outdoor
sports stadiums
 100 crore – for sports university in Manipur.

62. Information and Broadcasting:
 100 crore allocated for 600 new and existing
Community Radio Stations.
 Film & Television Institute, Pune and Satyajit Ray
Film & Television Institute, Kolkata are proposed to
be accorded status of Institutes of national importance
and a “National Centre for Excellence” in Animation,
Gaming and Special Effects to be set up.
 100 crore is provided for Kisan TV.

63. 10. Cultural and Tourism:
 200 crore – To build the Statue of unity (National project).
 Facility of Electronic Travel Authorization (e-Visa) to be
introduced.
 Rs.100 crore provided for Archaeological sites preservation.
 ‰Sarnath-Gaya-Varanasi Buddhist circuit to be developed with
world class tourist amenities.

64. 11.Water Resources:
 Rs.100 crore - Detailed Project Reports for
linking of rivers.
 Rs.2037 crores - Integrated Ganga Conservation
Mission “NAMAMI GANGE”.
 100 crore - Ghat development and beautification
at Kedarnath, Haridwar, Kanpur, Varanasi,
Allahabad, Patna and Delhi.

65.  Rs.200 crore for power reforms and `500
crore for water reforms in Delhi
 ‰Rs.50 crore – To solve the long term water
supply issues in the capital region.
 Construction of Renuka Dam to be taken
up on priority.

66. 12. Defense and Internal Sector:
 Rs.150 crore - Communication needs of
Andaman & Nicobar islands.
 Rs.1000 crore - Rail connectivity in
northeastern region.
 Rs.5000 crore - Defense outlay over & above
amount provided under interim budget.

67.  Rs.100 crore - for War Memorial.
 Policy of one rank one pension to be
adopted.
 FDI in defense up from 26 to 49% with
Indian management & control.

68.  DISPLACED KASHMIRI
MIGRANTS:
◦ Rs.500 crore provided to support displaced
Kashmiri migrants for rebuilding their lives.
 HIMALAYAN STUDIES:
◦ ‰Rs.100 crore provided to set up a National
Centre for Himalayan Studies in Uttarakhand.

69. BUDGET ESTIMATE
 Rs.5,75,000 crore Plan expenditure –
Increase of 26.9 % over actual of 2013-14.
 New Statement to separately show plan
allocation made for North Eastern Region
i.e. Allocation of Rs.53,706 crore for North
East Regions.

70.  Total expenditure of Rs.17,94,892 crore
estimated.
 Gross Tax receipts of Rs.13,64,524 crore
estimated.
 Net to centre of Rs.9,77,258 crore estimated.
 Allocation of Rs.50,548 crore under SCSP and
Rs.32,387 under TSP.
 Allocation for Women at Rs. 98,030 crore and
for children at Rs. 81,075 crore.