FM proposes National Housing Banking scheme; sets aside Rs. 8000 cr

India Infoline News Service | Mumbai |

Welfare of senior citizens committee to be setup to make recommendations to use unutilised balances in PF and Post Office A/C, Arun Jaitley says

Finance Minister Arun Jaitley has begun his Union Budget for 2014-15 speech in Lok Sabha today.
The FM said that fiscal prudence is of paramount importance and the Budget aims to lay down broad policy indications.
FY15 fiscal deficit target at 4.1% of GDP
FY17 fiscal deficit target at 3%
Slow decision making has resulted in loss of opportunity: FM.
FM: Need to revive growth in manufacturing, infra sectors
Target of 4.1% fiscal deficit is indeed daunting but I have taken it up as a challenge. My target is 3.6% for FY15-16 and 3% for FY16-17: FM
Finance Minister: To Formulate New Urea Policy
GST debate must come to an end. We hope to bring a final solution and introduce GST to simplify taxation
Finance Minister: To Overhaul Subsidy Regime, Especially Food & Fuel
We wish to achieve 7%- 8% growth in next 3-4 years: Arun Jaitley
To Meet Fiscal Deficit target of 4.1% of GDP
Finance Minister: Want To Promote FDI Selectively
FDI helps in promoting domestic manufacturing. India needs a push in creating jobs in this sector
FDI in defence and insurance to be hiked to 49%. Amar Ambani, Head of Research, IIFL says, "FDI in defence, Insurance and Insurance huge positives. This is the best start to any budget for many years."
Should we allow economy to suffer because of indecisiveness and populism: Finance Minister Arun Jaitley.
Finance Minister: To sell shares in banks to retail investors
Finance Minister: Pass-through Status For REITs
We must continue to be watchful of CAD: FM.
Finance Minister: PSUs Plan Rs.2.47 Lk Cr Capex In FY15
Plan to retain majority control in PSU banks; push retail FPOs. Need over Rs 2 lk cr to fund PSU banks
Finance Minister: Will Examine Proposal To Give Addl Autonomy To Banks
Skill India, a program to provide skill training to youth, to be introduced
Sanitation is utmost important. Govt to cover every home by 2019 under Swachch Bharat Abhiyaan
Finance Minister: Committed To Supply 24x7 Power Supply To All Households
Welfare of senior citizens committee to be setup to make recommendations to use unutilised balances in PF and Post Office A/C
FM proposes National Housing Banking programme; sets aside Rs. 8000 cr for this prog
Read more:
Highlights of Union Budget 2014-15
 

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