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Thursday, July 10, 2014

Unprecedented: Finance Minister takes 5-minute break during budget speech

Unprecedented: Finance Minister takes 5-minute break during budget speech
Arun Jaitley had severe back pain. He sat down to deliver large parts of his speech.
  • 12:53 (IST)
    10 year tax holiday for power companies who start production and distribution on March 31, 2017
  • 12:53 (IST)
    Government to take a view on Direct Taxes Code (DTC)
  • 12:51 (IST)
    The Budget so far: The law on retrospective tax stays.

    Read more here
  • 12:49 (IST)
    Income tax exemption increased to Rs 3 lakh for senior citizens, from Rs 2.5 lakh
  • 12:46 (IST)
    Tax exemption on interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh
  • 12:45 (IST)
    Section 80C limit raised to Rs 1.5 lakh from Rs 1 lakh
  • 12:43 (IST)
    Income tax exemption limit raised to Rs 2.5 lakh from Rs 2 lakh at present
  • 12:42 (IST)
    No change in income tax rate
  • 12:42 (IST)
    Plan expenditure at Rs 5.75 lakh crore vs Rs 5.55 lakh crore in interim budget
  • 12:41 (IST)
    Non-plan expenditure increased to Rs 12.19 lakh crore vs Rs 11.10 crore in 2013-14
  • 12:38 (IST)
    The Budget so far: 5 new IITs and IIMs, says the Finance Minister.

    Here's where
  • 12:37 (IST)
    For rehabilitation of displaced Kashmiri migrants, Rs 500 crore allocated
  • 12:36 (IST)
    Sports academies to be set up across India. Rs 200 crores to upgrade stadiums in Jammu & Kashmir. Rs 100 crores for a sports university in Manipur
  • 12:35 (IST)
    Rs 100 crores to train sportspersons for the Commonwealth and Asian Games coming up
  • 12:34 (IST)
    Rs 100 crores for ghat development and beautification of river fronts. NRI fund announced for the Clean Ganga programme

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