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