Budget 2014: P Chidambaram's interim Union Budget

Budget 2014: P Chidambaram's interim Union Budget

Union Budget: Finance minister P Chidambaram has rejected the charge of policy paralysis as he presented his interim Union Budget in Parliament on Monday. Here are the highlights of the vote on account 2014.br br br . RBI must strike a balance between growth and moderating inflation, Chidambaram saysbr br br . We must focus on manufacturing, specially manufacturing for exports: Chidambarambr br br . I am disappointed that we could not introduce GST: Chidambarambr br br . No changes in tax laws in interim budgetbr br br . Govt has obtained information in 67 cases of illegal offshore accounts of Indians: Chidambarambr br br . Excise duty cut from 12 to 10 per cent in capital goods sector to stimulate growthbr br br . Excise duty on mobile handset to be 6 on CENVAT credit to encourage domestic productionbr br br . Excise duty on small cars, motorcycles and SUVs reducedbr br br . Service tax relief storage for warehousing for ricebr br .Blood banks to be exempt from service taxbr br br . Rs 500 crore estimated requirement for implementing one-rank-one-pay scheme for armed forces in 2014-15br br br .Rs 6000 crore to rural housing fund, Rs 2000 crore for urban housing fundbr br br . Minority bank accounts have swelled to 43,53,000 by 2013-14 from 14,15,000 bank accounts 10 years agobr br br . Rs 3711 crore for minority affairs; housing and urban poverty alleviation gets Rs 6000 crorebr br br . Social justice ministry gets Rs 6730 crore; panchayati raj ministry Rs 7000 crorebr br .


User: NewsX

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Uploaded: 2019-03-01

Duration: 39:46