Union Budget 2014-15 Highlights

• • FDI in defence sector to go up to 49% 
• • Greater autonomy to banks 
• • PSU 247,944 cr capex to create industrial cycle 
• • Smart cities: PM has vision of developing 100 new cities Rs 7,060 cr fund for smart cities 
• • Tourism: e-visas to be introduced at nine airports in the country in a phased manner 
• • Real estate investment trusts – modified REITS is being announced for infrastructure projects to reduce pressure on banking system
• • Kisan Vikas Patra to be pushed further
• • New scheme for skill development called Skill India to be launched 
• • Sanitation in every household by 2019
• • Shyama Prassad Mukherjee Rozgaar mission to be launched 
• • New scehme for agricultural irrigation 
• • Rs 500 cr for rural electrification 
• • Rs 200 cr for sardar vallabbhai statue in Gujarat 
• • Rs 50000 cr for SC/st schemes 
• • Social security: minimum pension of rs 1000 pm for all subscribers of EPFO scheme 
• • National level insistute for mental health to be ste up 
• • Currency notes with braile like signs to help the blind 
• • Rs 150 cr on new scehme to improve safety of women in big cities • Beti bacahao beti padahao yojna to be launched – RS 100 allocation 
• • Gender main-streaming: School curriculum to have a chapter on the issue 
• • Fiscal deficit for 2014-15 pegged at 4.3% and for next year at 3% • Revenue Deficit seen at 2.9% for FY15 
• • Aim to achieve 7-8 per cent economic growth rate in next 3-4 years: FM 
• • Committed for growth of agriculture at the rate of 4 per cent. 
• • Defence FDI cap raised to 49% from 26% at present 
• • Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh. 
• • For senior citizens, the exemption on income has been raised to Rs. 3 lakh per annum. 
• • Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh. 
• • No change in Income tax rates and slabs . 
• • Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh • Women Safety: o Outlay of Rs. 50 crores for a pilot scheme on road safety o Another 150 crores to be spent by MHA on safety on women in larger cities o 'Beti Bachao, Beti Padhao Yojana' - 100 crores 
• • Rs 3600 cr set aside for National Rural Drinking Water: FM 
• • Rural housing: Rs 8000 crore for national housing banking programme 
• • Metro rails in PPP mode; Rs. 100 cr set aside for metro scheme in Ahmadabad and Lucknow 
• • Each year government will be adding AIIMS to ensure there is an AIIMS in every state: Jaitley 
• • Rs 100 crores to set up virtual classrooms 
• • Rs 500 crores for setting up 5 more IIMs and IITs 
• • FM Proposes to enhance the scope of income tax settlement commission 
• • Rs 7,060 crore allocated for building new cities 
• • Jaitley announces e-visas to promote tourism 
• • The government is committed to the welfare of scheduled castes and tribes. 
• • Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes 
• • Government is committed to providing 24x7 electricity in all houses 
• • 15 Braille press to come up. 
• • Currency note with Braille-like signs 
• • Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector 
• • 24x7 electricity in all houses 
• • Minimum pension of Rs.1000 per month to all PP schemes. 
• • Rs 50,548 cr proposed for SC development 
• • Bharat Swach Yojna proposed for hygiene and cleanliness. 
• • Rs. 200 crore for Statue of Unity, a statue of Sardar Patel in Gujarat. 
• • Rs. 1000 cr for irrigation plan named Pradhan mantri krishi sichayin yojana. 
• • Skill India initiative to make youth employable and create more entrepreneurs. 
• • Kisan Vikas Patra to be expanded. 
• • e-visa for nine cities. 
• • Rs. 7060 cr for creating smart cities. 
• • Assam and Jharkhand to get Centre of Excellence on farming 
• • Rs. 100 crores for modernization of Madrasas 
• • Jaitley announces Skill India, a programme to train youth for jobs • Equity in PSU banks to be raised through share sale to the public
• • Rural housing: Rs 8000 crores for national housing banking programme 
• • MGNREGA programme to made more productive 
• • Senior Citizens Pension Plan Extended Till August 2015 
• • National Adaption Fund for climate change to be set up 
• • Rs. 500 crore for price stabilization fund. 
• • 100 soil testing laboratories across the country. 
• • House resumes. Budget Speech continues. 
• • Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr set aside 
• • An AIIMS will be created in every state. 
•  • All six new AIIMS are functional. Four more AIIMS under consideration. 12 more medical colleges will be added. Rs. 500 crore allocated for this. 
• • MGNREGA programme will be made more productive 
• • Crisis Management Center for women at Delhi 
• • Start up village at Rs 100 crore to promote entrepreneurship among rural youth. 
• • Rs. 14,389 crores for PM Sadak Yojana 
• • Rs 200 crore allocated to set up six textiles clusters