Find out below the union budget 2014-15 price analysis
| Price going to be low | Price going to be high |
| CRT television, LED/LCD TVs below 19 inch, Footwear priced between Rs 500 to Rs 1,000 per pair, Soaps, E-book readers, desktop, laptops and tablets, RO based water purifiers, LED lights, fixtures and lamps, Pre forms of precious and semi-precious stones, sports gloves, branded petrol, Match box, life micro insurance policies, HIV/AIDS drugs and diagnostic kits, DDT insecticides | Cigarettes, aerated drinks with sugar, pan masala, gutka and chewing tobacco, jarda scented tobacco, radio taxi, imported electronic products, portable X-ray machines, half cut/broken diamonds |
Highlights of union budget 2014
- Indian Custom Single Window Project to be taken up for facilitating trade
- Cigarettes, Pan masala, tobacco, gutka, aerated water having sugar, imported steel products are expensive
- Computers parts, LED, LCD TVs below 19 inches, Footwear, food packages are cheaper
- 60 more Ayakar Sewa Kendras to be set up in the country
- To extend 10-year holiday to power generating companies
- Provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 cr in plant and machinery
- Investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh
- Housing loan interest exemption increased to Rs 2 lakh from Rs 1.5 lakh
- Personal income tax exemption limit raised from Rs 2.5 lakh to Rs 3 lakh for those above 60 years
- Personal income tax exemption limit raised from Rs 2 lakh to Rs 2.5 lakh for those below 60 years, no changes in rates
- Rs 100 crore for modernisation of madrasas
- Plan Expenditure At Rs 5.75 lakh crore For 2014-15
- Rs 100 crore for Varanasi-Gaya-Saranath Buddhist circuit; Gaya to be developed as world class tourism spot
- To have one integrated DEMAT Account; inter-usable KYC norms
- National Sports Academy to be setup in different cities, Sports University in Manipur
- Arun Jaitley announces 'Namami Ganga, an integrated Ganga Development Project; Rs 2037 crore set aside for this
- RBI will create framework for licences of small banks
- Left-wing extremist activity areas to get additional allocation for their development
- War Memorial and War Museum to be set up at a cost of Rs 100 crore, National Police Memorial at a cost of Rs 50 crore
- Arun Jaitley announces Rs 2,29,000 crore for Defence Budget
- To provide all households with banking facilities to empower the weaker sections; there should be atleast 2 bank a/cs in each household
- To strengthen and modernise regulatory framework in financial sector to meet challenges of increasing complex economy
- Earmarks Rs 7,060 crore to create 100 Smart Cities
- Rs 11,000 crores for development of ports
- 5 new IITs, 5 IIMs and 4 AIIMS to be set up
- To set up Industrial Smart Cities in 7 cities
- Aims for sustained growth of 7-8 per cent in the next 3-4 years
- Fiscal deficit seen at 3.6 per cent of GDP in 2015/16
- Bank capital to be raised through retail sale of shares; Government to hold majority in PSU banks
- Aims to approve goods and services tax by the end of this year
- Will not change rules on retrospective taxation
- Raises limit on foreign direct investment in defence sector from 26 per cent to 49 per cent.
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