New Delhi, Feb 17 (PTI) Following are the highlights of interim budget 2014-15:

Image
Press Trust of India New Delhi
Last Updated : Feb 17 2014 | 2:46 PM IST
Following are the highlights of interim budget 2014-15:
* Income tax rates kept unchanged;
* 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue;
* 10 pc (rpt 10 pc) surcharge on domestic corporates with income of Rs 10 crore
* Foodgrain production estimated at 263 million tonnes in 2013-14;
* Fiscal deficit at 4.6 pc in 2013-14 and 4.1 pc next year, revenue deficit at 3 pc in 2013-14;

Also Read

* Current Account Deficit to be USD 45 bn as against USD 88 bn in 2012-13;
* Excise duty on small cars, motorcycles and commercial vehicles cut from 12 to 8 pc;
* Excise duty on SUVs cut from 30 to 24 pc
* Large and mid-segment cars from 27-24 pc to 24-20 pc
* Excise duty on mobile handset to be 6 pc on CENVAT credit to encourage domestic production
* Excise duty cut on capital goods, non consumer durables cut from 12 to 10 per cent
* Moratorium on interest on student loans taken before March 31, 2009; to benefit 9 lakh borrowers
* USD 15 bn addition to forex exchange in 2013-14;
* Disinvestment target for FY14 cut to Rs 16,027 cr versus Rs 40,000 cr; next year govt eyeing Rs 36,925 cr;
* Lowers residual stake sale target to Rs 3,000 cr from Rs 14,000 cr for this fiscal;
* Govt obtains information in 67 cases of illegal offshore accounts of Indians;
* Govt's net borrowing in next fiscal to be Rs 4.57 lakh cr;
* Plan expenditure cut by Rs 79,790 cr for current fiscal;
* Allocates Rs 1,000 cr more to Nirbhaya Fund;
* CCI cleared 296 projects worth Rs 6.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 17 2014 | 2:46 PM IST

Next Story