2014 Union budget of India

Government budget December 2015 December 2015 2014 Interim-Union budget of India 2014 (Interim) 2015 Union budget of India 2015 Emblem_of_India.svg 100px Emblem of India Arun Jaitley, Finance Minister 10 July 2014 Bharatiya Janata Party https://www.indiabudget.gov.in/ The 2014 Union Budget of India was presented by Finance Minister, Arun Jaitley on 10 July 2014,11 am.Expectation from union budget 2014-15 http://www.patrika.com/news/expectation-from-union-budget-2014-15/1017014 10 July 2014 Patrika Group 10 July 2014 https://web.archive.org/web/20140714142417/http://www.patrika.com/news/expectation-from-union-budget-2014-15/1017014 14 July 2014 dead dmy-all This was the first budget of the Narendra Modi led NDA government.Union Budget 2014: Jaitley hands middle class its big tax break https://www.indiatoday.in/india/north/story/union-budget-2014-arun-jaitley-tax-relief-higher-growth-199919-2014-07-10 10 July 2014 India Today 10 July 2014 Highlights 70.6 b provided for the development of Smart Cities in India 10 b provided for irrigation 5 New IITs and IIMs and four new AIIMS in India. New airports scheme in tier 1 and 2 cities Schemes for development of sports across the country. Foreign Direct Investment FDI cap in Defense and Insurance sector was increased to 49% from 26%. FDI in real estate for low cost housing Personal tax and exemption limit No changes in personal income tax slabs. But tax exemption limit has been increased to 250 k from 200 k for those below the age of 60. Income tax exemption limit for senior citizens has been raised to 300 k. Investment limit under Section 80C has also been increased to 150 k from the current 100 k. Housing loan interest rate deduction limit has been increased to 200 k. Reactions The budget received largely negative reactions, with former Prime Minister Manmohan Singh saying that it "lacks road-maps,"No roadmap in budget : Manmohan http://www.patrika.com/news/budget-is-visionless-manmohan/1017118 11 July 2014 Patrika Group 10 July 2014 https://web.archive.org/web/20140714020943/http://www.patrika.com/news/budget-is-visionless-manmohan/1017118 14 July 2014 dead dmy-all the Communist Party of India (Marxist) calling it "a recipe for further enriching the rich and impoverishing the poor,"http://cpim.org/content/union-budget-7 On Union Budget Polit Bureau of the Communist Party of India (Marxist) 10 July 2014 11 July 2014 https://web.archive.org/web/20140714110201/http://www.cpim.org/content/union-budget-7 14 July 2014 dead and former Chief Minister of Delhi Arvind Kejriwal stating that "it was a directionless budget with no steps to bring down inflation in the country,"Arvind Kejriwal reacted to the general budget saying that it was a directionless budget http://arvindkejriwal.co.in/arvind-kejriwal-reacted-to-the-general-budget-saying-that-it-was-a-directionless-budget/ www.arvindkejriwal.co.in 11 July 2014 13 July 2014 https://web.archive.org/web/20140713015841/http://arvindkejriwal.co.in/arvind-kejriwal-reacted-to-the-general-budget-saying-that-it-was-a-directionless-budget/ dead although president of CII Ajay S. Shriram said that it "covered many aspects of the population" and offered a "positive direction for higher economic growth."Budget 2014 positive, implementation will be ke http://articles.economictimes.indiatimes.com/2014-07-10/news/51301282_1_ajay-s-shriram-infra-projects-dcm-shriram-ltd https://web.archive.org/web/20140715144202/http://articles.economictimes.indiatimes.com/2014-07-10/news/51301282_1_ajay-s-shriram-infra-projects-dcm-shriram-ltd dead 15 July 2014 11 July 2014 Times of India Economic times Jul 10, 2014 See also Union budget of India Railway Budget References External links Budget at a glance Category:Union budgets of India Category:Premiership of Narendra Modi India Category:2014 in Indian economy