The budget presented by Finance Minister Arun Jaitley on July 10th, 2014 provided benefits to several key sectors. The housing and real estate sector received the largest benefits, including measures to develop 100 smart cities and increase foreign investment. Banks were also major beneficiaries, with measures allowing them to raise capital and increase insurance foreign direct investment. Other positively impacted sectors included infrastructure, IT startups, metals/mining, and capital goods due to increased investment, spending and improved policies. However, some sectors like power producers faced some negatives from increased import duties on coal.