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New Delhi, Feb 17 (PTI) Following are the highlights of interim budget 2014-15:

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Press Trust of India New Delhi
Following are the highlights of interim budget 2014-15:

* Income tax rates kept unchanged;

* 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue;

* 10 pc (rpt 10 pc) surcharge on domestic corporates with income of Rs 10 crore

* Foodgrain production estimated at 263 million tonnes in 2013-14;

* Fiscal deficit at 4.6 pc in 2013-14 and 4.1 pc next year, revenue deficit at 3 pc in 2013-14;

* Current Account Deficit to be USD 45 bn as against USD 88 bn in 2012-13;

* Excise duty on small cars, motorcycles and commercial vehicles cut from 12 to 8 pc;
 

* Excise duty on SUVs cut from 30 to 24 pc

* Large and mid-segment cars from 27-24 pc to 24-20 pc

* Excise duty on mobile handset to be 6 pc on CENVAT credit to encourage domestic production

* Excise duty cut on capital goods, non consumer durables cut from 12 to 10 per cent

* Moratorium on interest on student loans taken before March 31, 2009; to benefit 9 lakh borrowers

* USD 15 bn addition to forex exchange in 2013-14;

* Disinvestment target for FY14 cut to Rs 16,027 cr versus Rs 40,000 cr; next year govt eyeing Rs 36,925 cr;

* Lowers residual stake sale target to Rs 3,000 cr from Rs 14,000 cr for this fiscal;

* Govt obtains information in 67 cases of illegal offshore accounts of Indians;

* Govt's net borrowing in next fiscal to be Rs 4.57 lakh cr;

* Plan expenditure cut by Rs 79,790 cr for current fiscal;

* Allocates Rs 1,000 cr more to Nirbhaya Fund;

* CCI cleared 296 projects worth Rs 6.

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First Published: Feb 17 2014 | 2:46 PM IST

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