Major highlights of #UnionBudget 2014 * Aim to achieve 7-8 per cent economic growth rate in next 3-4 years * IT exemption limit for those below 60 raised from Rs.2 lakhs to Rs.2.5 lakhs; from Rs.2.5 lakhs to Rs.3 lakhs for senior citizens * No change in surcharge for corporates; education cess to continue * Allocation of Rs.1,000 crore for implementing One Rank One Pension scheme * Allocation of Rs.500 crore for 5 more IITs and 5 more IIMs * Allocation of Rs.4,000 crore for National Housing Bank * Allocation of Rs.8,000 crore to improve rural housing * Allocation of Rs.14,389 crore for rural roads * Defence allocated Rs.229,000 crore; modernisation gets Rs.5,000 crore over and above interim budget * Allocation of Rs.2037 crore for creating integrated Ganga conservation mission * Total expenditure in 2014-15 estimated at Rs.17,97,892 crore; plan expenditure estimated at Rs.12,19,892 crore
Posted on: Thu, 10 Jul 2014 08:28:20 +0000
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