Budget 2014

[chandra916]

10:52 ISTThursday, 10 July 2014

Cabinet meet is over; the Budget has been approved by the Cabinet. The Budget announcements will begin at 11.00 am. The Sensex in the meanwhile stays absolutely flat at 25444 and Nifty at 7578.

 

11:10 ISTThursday, 10 July 2014

Arun Jaitley start reading out his Budget speech at Lok Sabha. He says people have voted for a change, they decide to grow unhesitatingly.

11:14 ISTThursday, 10 July 2014

Jaitley says the people below poverty line wants to raise themselves above it. While higher growth is important, we cannot ignore that the poor suffer the most. 

The government has taken up the challenge in right earnest. The task is challenging because we need to revive manufacturing and infrastructure sector. We need to introduce fiscal prudence. We cannot spend to day which is compensated by tax in future.

Must improve tax-GDP ratio. Although the external sector witnessed turn around and CAD improved, it was through restriction on non-essential imports. 

Fiscal Deficit: target 4.1% set by Chidambaram is daunting, but accept the challenge. 3.6% for 2016 and 3% for 2017.

[Pasivadu]

[chandra916]

11:20 ISTThursday, 10 July 2014

Promoted to minimum government and maximum governance.

Govt will form commission to review expenditure. 

Urea policy will be reformulated.

GST essential to restructure taxation. I assure all states govt will be more than fair to all states. 

Retrospect taxation: No change to be brought in retrospectively. Govt will be extremely cautious.

[god father]

do something to reduce the fiscal deficit please do not go for populist scheme now

[chandra916]

11:25 ISTThursday, 10 July 2014

Litigation in direct tax: Resident to have possibility of getting advanced order on tax liability.

FDI: Allow selectively in sectors. India needs a push for job creation. We are buying substantial portion of defence requirement.

Insurance sector: Increases FDI to 49% from 265 currently.

FDI in defense raised to 49%

[chandra916]

do something to reduce the fiscal deficit please do not go for populist scheme now

NA HANDS EMI LEDHU ADHYAKSHA

[chandra916]

11:33 IST

Thursday, 10 July 2014

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

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

Urbanisation: Need to develop new cities. Provides Rs 760 crore.

E Visas: To facilitate visa on arrival

Infrastructure Investment Trust to help infrastructure projects.

Kisan Vikas Patra: To have bank and non-bank savings for farmers.

Bulk of farm lands are rain fed. Must improve irrigation. Sets aside Rs 1000 crore for this.

Sanitation: Rural sanitation to reach of every household. 

Power: Dindayal Upadhyay Gram Jyoti Yojana launch: Rs 500 crore set aside

 

 

Looks Promising

[god father]

NA HANDS EMI LEDHU ADHYAKSHA

 

 

That dialogue is for jaitley Salvidi!!

[god father]

1 IIT in AP

 

1 AIIMS in AP

[Tokkalodi]