Outline of the Fiscal Budget presented in the Parliament today by FM Arun Jaitley

1. Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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Outline of the Union Budget for fiscal years 2014-15
presented by
Finance Minister Arun Jaitley in the Parliament
Presentation prepared by:
Nirav Desai
MBA IT
2014-2016
SICSR

2. Government objectives:
Government aims for sustained growth of 7-8%
Fiscal deficit at 4.1% of GDP targeted by end of this fiscal year
Steady and predictable income tax regime
Tax to GDP ratio at 10.6%
FY 2014-15 Budget
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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3. EXPENDITURES FOR FY 14-15 FUNDS ALLOCATED (crores)
1 crore = 10 million
Rural Housing 8,000.00₹
Power+Water Infrastructure (Delhi) 700.00₹
Start-Up Fund 10,000.00₹
Defense Expenditure 229,000.00₹
5 Tourist Circuits 500.00₹
Sports Training 100.00₹
Displaced Kashmiri Migrants 500.00₹
Rail Connectivity in North East 1,000.00₹
Ganga Development Project 2,037.00₹
Young Leaders Program 100.00₹
State Police Modernisation 3,000.00₹
Socio Economic Development of villages 990.00₹
Heritage Sites 100.00₹
Police Memorial 50.00₹
War Memorial + War Museum 100.00₹
Clean Thermal Power 100.00₹
Industrial Corridor Expressway Development 37850 37,850.00₹
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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4. Solar Power Generation 500.00₹
Agriculture Infrastructure Fund 100.00₹
Warehouse Capacity 5,000.00₹
NABARD 500.00₹
Price Stabilisation Fund 500.00₹
Affordable Housing (Urban) 4,000.00₹
National rural internet 500.00₹
5 IITs and 5 IIMS (new) 500.00₹
Rural Power Plan 500.00₹
Rural Roads 14,389.00₹
SCST Schemes 50,500.00₹
100 Smart Cities 7,060.00₹
PMIrrigation Scheme 1,000.00₹
Fuel Subsidy 63,430.00₹
Fertilizer Subsidy 72,970.00₹
Food Subsidy 115,000.00₹
Infusion in PSU Banks 112,000.00₹
Public Sector Expansion 247,000.00₹
Total Outlays Pan Expenditure 989,576.00₹
Non-plan Expenditure 1,220,000.00₹
Plan Expenditure 575,000.00₹
Total Budget Expenditure 1,795,000.00₹
FY 2014-15 Budget Outlays (details):
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
4

5. Sector Spending (lakh crore)
Energy Security 65,230.00₹
Food Security 195,070.00₹
Rural Infrastructure 23,879.00₹
Urban Infrastructure 52,197.00₹
Human Resources 65,200.00₹
Industrial Expansion 588,000.00₹
989,576.00₹
FY 2014-15 Budget Outlays by sectors:
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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6. 7%
20%
2%
5%
7%
59%
66%
FY 2014-15 Budget Outlays presented by FM Arun Jaitly:
Plan Expenditure: Rs. 7,42,576 core
PSU Expansion: Rs. 2,47,000 crore
Non-plan expenditure: Rs. 12,20,000 crore
Total Budget Outlays: Rs. 17,95,000 crore
Energy Security
Food Security
Rural Infrastructure
Urban Infrastructure
Human Resources
Industrial Expansion
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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7. FY 2014-15 Budget Revenues details:
REVENUE SOURCE EXPECTED MOP UP
(CRORES)
1 crore = 10 million
Income Tax (Direct Tax Code) 284,000.00₹
Customs Duty 202,000.00₹
Excise Duty 207,000.00₹
Service Tax 216,000.00₹
PSU Disinvestment 43,425.00₹
Market Borrowing 600,000.00₹
Receipts from communication services 45,470.00₹
Revenues (Total) 1,597,895.00₹
Revenue Gap 197,105.00₹
Total Outlays 1,795,000.00₹
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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8. FY 2014-15 Budget Revenues by sectors:
Income Tax (Direct Tax
Code)
18%
Customs Duty
13%
Excise Duty
13%
Service Tax
13%
PSU Disinvestment
3%
Market Borrowing
37%
Receipts from communication
services
3%
Other
43%
EXPECTED MOP UP (CRORES)
Rs. 15,97,895
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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9. Infrastructure Related Policies in Budget 2014-15:
Development of Inland Waterways
Development of 15000km of gas pipelines
NHAI target of 8000km of road development
Development of expressways along industrial corridors
All deparments and ministeries to be integrated through e-platform
FY 2014-15 Budget New Policy Proposals:
Financial Sector Related Policy Proposals:
Consolidation of PSU banks
New Indian Accounting Standard from FY17
Insurance Bill to be tabled
Liberalization of FDI in e-commerce
Goods and Services Tax will be approved by the end of the year
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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10. FY 2014-15 Budget New Policy Proposals:
TAX RELATED CHANGES
Education cess 3%
Portfolio income of FIIs under capital gains tax
Home loan deduction up to 2 lakhs (Sec 80C)
Dividend Income Tax 15%
Long term capital gains tax on Mutual Fund (>36 months): 20%
Personal Income Tax Limit raised from 1.0 lacs to 2.5 lacs
Customs and Excise Duties:
Customs on Coal: 2.5%
Export duty on bauxite: 20%
Packaging machinery, packaged foods, shoes: Excise duty of 6%
Telecom equipment: Excise duty 10%
Cigarettes: Excise Duty 72%
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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11. References:
• Twitter feed of CNBC TV-18 and ET NOW news
networks
• Times of India, The Hindu: Online Newspapers
• Reuters (online)
Prepared by: Nirav Desai, MBA IT 2014-16
SICSR
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