Highlights of Union Budget 2014

Here are the highlights of Union Budget 2014 tabled by finance minister Arun Jaitley on 10-07-2014:* Tax proposals on indirect tax front would yield Rs 7,525 crore.* ​Indian Custom Single Window Project to be taken up for facilitating trade.* Clean energy cess increased from Rs 50/ tonne to Rs 100/tonne.* Additional 5% excise tax to be levied on aerated drinks with added sugar (cold drinks). Tobacco products also to get costly as excise duty hiked to 72%* Government announces reduction in excise duty for specified food package industry from 10%...

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Budget Estimates for 2014-15 Project Fiscal Deficit of 4.1% and Revenue Deficit of 2.9% of GDP

Budget Estimates for 2014-15 Project Fiscal Deficit of 4.1% and Revenue Deficit of 2.9% of GDPGross Tax Receipts of Rs. 13,64,524 Crore Estimated Rs. 5,75,000 Crore Plan Expenditure – An Increase of 26.9 Per cent Over Actuals of 2013-14The Finance Minister Shri Arun Jaitley said that the Modi Government has mandate to fulfill for the people provision for the essential items without compromising fiscal consolidation. Making his maiden Budget Speech in Lok Sabha today, the Finance Minister Shri Jaitley announced the Budget estimates with Non-plan...

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Pressure of NC JCM Staff side works – No Six days a week

Pressure of NC JCM Staff side works – No Six days a week. CLEARING CONFUSION – Amid Protests, DoPT Says No 6-day Week Women oppose cut in time for chores, recreation The Department of Personnel and Training will soon inform Parliament that the government is not going back to a six-day week for its employees, even as a senior representative of the central government employees said that women employees were biggest opponents of any such change by the new government.A senior DoPT official told ET on Tuesday that all individual ministries...

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Further Rs.1,000 Crore for OROP: Budget 2014-15 – Defence allocation raised to Rs.2,29,000 crore

Further Rs.1,000 Crore for OROP: Budget 2014-15 – Defence allocation raised to Rs.2,29,000 crore PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** DEFENCE ALLOCATION RAISED TO RS 2,29,000 CRORE CAPITAL OUTLAY FOR DEFENCE MODERNIZATION INCREASED BY RS 5,000 CRORE New Delhi: July 10, 2014 Ashadha 19,1936 Allocation for defence in this year’s General Budget has been raised to Rs 2,29,000 crore. Presenting the Union Budget in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley also proposed a further sum of Rs 1,000 crore to address...

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Welfare of SCs and STs, Varishtha Pension Bima Yojna, Minimum Pension Rs.1,000, Uniform Account Number for EPFO: Budget 2014-15

Welfare of SCs and STs, Varishtha Pension Bima Yojna, Minimum Pension Rs.1,000, Uniform Account Number for EPFO: Budget 2014-15 PRESS INFORMATION BUREAU GOVERNMENT OF INDIA GOVERNMENT REITERATES ITS COMMITMENT TO THE WELFARE OF SCs & STs New Delhi: July 10, 2014 Ashada 19, 1936 The Central Government has said that it is committed to the welfare of SCs and STs and this year an amount of Rs 50,548 crore is proposed under the SC Plan and Rs 32, 387 crore under TSP. The Union Finance Minister Shri Arun Jaitley while presenting his...

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Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C

Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C Some relief to individual and salary tax payers, Finance Minister Arun Jaitley presenting Union Budget 2014-15 today in Parliament, raised individual tax exemption limit to Rs.2.5.lakh from current Rs.2 lakh. For Senior Citizen tax exemption limit also increased to 3 lakh. The Central Government today hiked the exemption...

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6 Day Week for Central Govt Employees issue – Dopt rejects 6-day week schedule amid protests from women

6 Day Week for Central Govt Employees issue – Dopt rejects 6-day week schedule amid protests from women Department of personnel and training rejects 6-day week schedule amid protests from women The Department of Personnel and Training (DoPT) will soon inform Parliament that the government is not going back to a six-day week for its employees, even as a senior representative of the central government employees said that women employees were biggest opponents of any such change by the new government. A senior DoPT official told ET on Tuesday...

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