This Presentation is a part of 1st year of Reporting and Editing. Proejct By :- Kartik Gupta at ASMS, Delhi, India (May 2015)

1. UNION
BUDGET
2014-15
JAITLEY JOURNEY – 1

2.  On May 16, the BJP came to power
with 282 seats, the most won by a
single party in 30 years. It was a
sweeping mandate for change, jobs,
growth.
 Does the Budget reflect those
aspirations?

3. The Three Goals
 Presenting the first Budget of BJP
government, Finance Minister Arun
Jaitley stuck to the troika – of
‘restoring the pace of growth’,
‘containing inflation’ and
‘concentrating on fiscal consolidation’.

4. Growth
 GDP growth in 2014/15 estimated at
5.4-5.9 percent year-on-year.
 Aims for sustained growth of 7-8
percent in the next 3-4 years.
 Nominal GDP growth in 2014/15
expected to be 13.4 percent year-on-
year.
 Must usher in policies for higher
growth, lower inflation.

5. Taxation
 High level committee to decide on cases
of retrospective amendments.
 Investment allowance threshold revised
to ₹25 crore from ₹100 crore at the rate
of 15% to boost manufacturing; to be
applicable upto March 31, 2007.
 Investment-linked deduction for two new
sectors – slurry pipelines for iron ore
transportation, and semiconductor wafer
fabrication manufacturing.

6.  Tax holiday for 10 years extended to
power undertakings that begin
generation, distribution and
transmission by March 31, 2017.
 DTC to be reviewed.
 60 Aayakar Seva Kendras to be
opened during 2014-15.
 Color picture tubes to be exempt from
basic customs duty.
 Excise duty on footwear reduced from
12% to 6%.

7.  Imposes 10 percent customs duty on
some telecom products.
 Introduces uniform customs duty on all
types of coals.
 Raises export tax on bauxite to 20
percent from 10 percent.
 The government has set a direct tax
collection target of ₹7,58,421 crore for
2014-15.

8. Personal Finance
 Announcement to raise the exemption
limit for individuals from ₹2 lakh to
₹2.5 lakh and also for senior citizens
from ₹2.5 lakh to ₹3 lakh.
 Announcement to raise the deduction
limit under Section 80C from ₹1 lakh
currently to ₹1.5 lakh.
 Investment ceiling in the tax-free PPF
scheme has been raised to ₹1.5 lakh
from ₹1 lakh.

9. Transport
 “It is time to reaffirm our commitment
to a better and more energetic
PMGSY under the dynamic leadership
of Prime Minister Narendra Modi. I
propose to provide a sum of ₹14,389
crore.”
- Arun Jaitley, Finance Minister

11. Employment/Education
 ₹10,000 crore incubation fund, thrust
on more jobs.
 The budget also unveiled a national
multi-skill programme called “Skill
India” that would equip the youth with
skill, with an emphasis on
employability and entrepreneur skills.

14. Budget Highlights
1. Fiscal deficit target 3.6% of GDP for
FY16, 3% for FY17.
2. Subsidy regime, including food and
petroleum subsidies, to be
overhauled.
3. High-level panel to interact with
trade, industry for tax law reforms.
4. FDI cap in defence raised to 49%.
5. FDI cap in insurance sector raised to
49% from 26%.

15. 6. ₹7,060 crore allotted for developing
‘100 Smart Cities’.
7. For ‘Smart Cities’, built-up area cut
from 50,000 sq mts to 20,000 sq mts.
8. Manufacturing units allowed to sell
products through retail.
9. Electronic Travel Authorisation at 9
airports.
10. Skill India, a skill programme to
improve employability of youths, to
be launched.

16. 11. ₹1,000 crore Pradhan Mantri Krishi
Sinchayee Yojana — to improve
access to irrigation — introduced.
12. Every household to have total
sanitation by 2019 — the 150th birth
anniversary of Mahatma Gandhi —
through Swachh Bharat Abhiyan.
13. Shyama Prasad Mukherji Rurban
Mission to provide urban amenities in
rural areas; through PPP model.
14. ₹200 crore for Sardar Patel’s Statue
of Unity in Gujarat.

17. 15. ₹500 cr Deen Dayal Upadhyaya
Gram Jyoti Yojana for rural electricity.
16. Institutes for Universal Inclusive
Design and Mental Health
Rehabilitation to be set up.
17. Centre for Disability Sports to be set
up.
18. 15 new Braille presses coming, 10
existing presses to be modernised.
19. Currency notes to be printed with
Braille-like signs.

18. 20. ₹150 crore for safety of women in
large cities.
21. ₹14,389 crore for Pradhan Mantri
Gram Sadak Yojana.
22. MGNREGA to continue, emphasis on
asset creation.
23. ₹8,000 crore for rural housing.
24. ‘Neeranchal’ watershed initiative.
25. ₹3,600 crore for National Rural
Drinking Water Programme.
26. Health for All: Free Drug Service and
Free Diagnosis Service.

19. 27. ₹28,635 crore for Sarva Shiksha
Abhiyan.
28. ₹4,966 crore for Rashtriya
Madhyamik Shiksha Abhiyan.
29. ₹500 crore for Pandit Madan Mohan
Malviya New Teachers’ Training
Programme.
30. ₹100 crore for setting up virtual
classrooms, online courses.
31. ₹500 crore for ‘Digital India’ initiative
covering villages.

20. 32. A comprehensive strategy to tackle
malnutrition with timelines, targets.
33. A programme for skill upgrade for
minorities in ancestral arts.
34. ₹100 crore to modernise madarsas.
35. ₹100 crore for scheme to provide
every farmer a soil health card.
36. ₹56 crore to set up 100 Mobile Soil
Testing Laboratories.
37. Focus on technology-driven second
green revolution.

21. 38. Push for the Amritsar-Kolkata
industrial master plan.
39. A Trade Facilitation Centre and
Crafts Museum to promote handloom
products of Varanasi.
40. ₹4,200 cr Jal Marg Vikas project on
Ganga to connect Allahabad to
Haldia.
41. 8,500 km of National Higways.
42. ₹500 cr for Ultra Mega Solar Power
Projects in Rajasthan, Gujarat, Tamil
Nadu, and Ladakh.

22. 43. ₹400 cr for solar power driven agri-
pump sets and water pumping
stations.
44. ₹100 crore to develop 1 MW Solar
Parks near canals.
45. ₹100 crore for war memorial and
museum in Delhi.
46. ₹500 crore to develop five tourist
circuits with themes.
47. Sarnath-Gaya-Varanasi Buddhist
circuit with world-class tourist
amenities.

23. 48. ₹2,037 crore for Integrated Ganga
Conservation Mission called
“Namami Gange”.
49. ₹100 crore for Ghat devlopment and
beautification of river front at
Kedarnath, Haridwar, Kanpur,
Varanasi, Allahabad, Patna and
Delhi.
50. Special attention for 5 institutions
engaged in nanotechnology, material
science & biomedical device
technology.
51. To transform Delhi’s International
Centre for Genetic and

24. 52. Space missions including
experimental flight of GSLV Mk-III,
commercial launch of PSLV and two
navigational satellites.
53. ₹1,000 crore for rail connectivity in
Northeast.
54. ₹200 cr for power and ₹500 cr for
water reforms to make Delhi a world
class city.
55. 10-year tax holiday for power
generation, distribution firms.
56. No customs duty on LCD and LED

25. 57. Colour picture tubes exempted from
basic customs duty.
58. Exemption from 4 % special
additional duty on components for
PCs.
59. Excise duty increased on cigarettes.
60. Excise duty hiked on gutkha,
tobacco.

26. “These are only the first
steps and are directional.”
ARUN JAITLEY, Finance Minister

27. THANK YOU.