Does Modi government's first budget deliver?

PRESENTS Budget & You Thu, Jul 10, 2014 | 08:31 PM IST Budget 2014: Has it impacted your portfolio positively?

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Income tax exemption limit hiked from Rs 2 lakh to Rs 2.5 lakh In a marginal relief to individual taxpayers, FM increased I-T exemption limit from Rs 2L to Rs 2.5L and for senior citizens limit was hiked to Rs 3 lakh. Colour TV, computers to be cheaper; cigarettes, gutka costlier FM spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged but made it costlier for smokers and tobacco consumers. Tax incentives on home loans to ensure housing for all by 2022 The government has hiked the housing interest rate deduction limit to Rs 2 lakh from Rs 1.5 lakh on personal home loans.

Featured Twelve key ideas of PM Narendra Modi that found focus in Budget 2014 From developing smart cities to Ganga cleaning NDA govt's maiden budget took a step forward on several of the Prime Minister's key schemes. read more

More Stories Sugata Ghosh's Blog: Four takeaways from Jaitley's maiden budget It's silly to believe that Mr Jaitley could have done anything dramatically different. Thus, he may have disappointed those who had rather unrealistically hoped that in eight weeks the new minister would usher in a new approach. Rs 7060 crore to spent for 100 smart cities Jaitley stressed on the need to boost infrastructure sector. "We also plan to introduce e-visas & automatic permissions in 9 airports to promote tourism," FM said. Rs 500 crore for internet connectivity in villages The government on Thursday said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages. Kiran Mazumdar-Shaw's Blog: No 'wow' factor in Budget On a positive note, the Union Budget has set a course to bring the economy around. Only where we would've preferred a sprint, the FM has gently reminded us that he is running a marathon. Rs 10,000 crore entrepreneurship fund proposed Presenting his budget speech, Jaitley said that promotion of entrepreneurship and start-up companies remains a challenge. Gold import duty retained at 10%; bullion markets surprised Indian gold futures jumped 2 per cent on Thursday, widening the premium over global prices which had narrowed on the expectation of a duty cut. Parag Parikh's blog: Hope the next budget is far more ground breaking To be fair, the current government has not had much time since being sworn in to prepare the budget. Investment cap under Section 80 C raised to Rs 1.5 lakh The hike in the exemption limit would provide much needed relief to the salary earners who are reeling under the impact of high inflation. FDI in Defence to be raised to 49% Emphasising the importance of FDI in boosting manufacturing sector, FM in his maiden Budget speech said that cap for FDI in defence will be raised to 49%. Total sanitation for every household by 2019 Moving towards NDA government's 'Swachh Bharat Abhiya', FM said said, "Swachh Bharat Abhiyan, the need for sanitation is of utmost importance."

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