Finance Minister Arun Jaitley presented the Union Budget for 2014 in the Lok Sabha today.
the highlights are as follows:
Government will take steps to reduce pressure on banking system
FDI in defence and insurance sectors raised to 49 percent each.
E-Visas to be allowed at nine airports across India
Tax-to-GDP ratio must be raised
Banking sector needs to be strengthened
Need to revive growth particularly in manufacturing sector and infrastructure
Anti-poverty programmes will be targeted well
Government to aim to achieve 7 to 8 per cent growth in next 3-4 years
Government to usher in policy regime for higher growth, lower inflation
Government says slow decision making has resulted in loss of opportunity
To encourage development of smart cities, FDI cap on minimum built up area reduced
Rs. 500 crore for Deen Dayal Upadhyay Rural Electrification Programme. Sardar Patel statue work will be completed in Gujarat.
