Fiscal deficit seen at 4.6% in FY14 (against target of 4.8%)
Agricultural exports seen at $45 billion
Agriculture credit will cross $45 billion against $41 billion in 2012-13
FY15 agriculture credit pegged at Rs. 8 lakh crore
FY14 agriculture output growth seen at 4.6%
Excise duty cut to 10% from 12%
More From This Section
Excise duty on small cars, motorcycles, scooters reduced to 8% from 12% till 30 June 2014
Excise duty on SUV cut to 24% from 30%
Excise on large and mid segment cars at 20%
Excise duty cut to 10% on capital goods
Excise duty on consumer durables cut to 10% from 12% till 30 June 2014
Plan expenditure to remain unchanged at 5.55 lakh crore in 2014-15
Non planned expenditure at 12.7 lakh crore
Fuel subsidy worth Rs. 35,000 crore to be rolled over in 2014-15
Food, fertilizer and fuel subsidy for 2014-15 at 2.46 lakh crore, slightly more than 2.45 lakh crore in 2013-14
Fuel subsidy pegged at Rs. 65,000 crore, food subsidy at Rs. 1.15 lakh crore in 2014-15
Allocation for education loan moratorium at Rs. 26,000 crore
Defence allocation up 10% at Rs. 2.24 lakh crore
Foreign exchange reserve to grow by USD 15 billion in this Financial Year.
Export seen at $326 billion showing 6.3% year-on-year growth
The current account deficit projected to be at USD 45 billion in 2013-14 down from USD 88 billion in 2012-13.
10-year trend growth rate at 6.2%, UPA I and II delivered above trend rate
Growth for FY14 estimated at 4.9%; Q3, Q4 growth seen at 5.2%
FY14 PSU capital expenditure seen at Rs. 2.57 lakh crore
Budgetary support to Railways hiked to Rs. 29,000 crore in FY15 from Rs. 26,000 crore in FY14
FY15 assistance to states at Rs. 3.8 lakh crore
To provide Rs. 1200 crore to north-east states
Nirbhaya Fund non-lapsable, to get Rs. 1,000 crore in FY15
IFCI to get Rs. 200 crore for venture capital fund
Rating companies no longer hint of downgrade
India held its head above water
Challenges we face are common to all emerging economies
Global cues not to overly hit India
In a developing economy, we must accept that when our aim is high growth there will be moderate inflation
Disappointed that we have not been able to implement GST (goods and services tax)
To place DTC Bill for public comments
Target fiscal gap at 3% of GDP by FY17
Powered by Capital Market - Live News