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Budget Changes Notifications

India New Budget 2014 - 15

Key to Budget[English]
Budget Highlights

Budget Highlights 
(In PDF)
[English
Budget Speech[English
Budget at a Glance[English
Annual Financial Statement[English]
Finance Bill [English
Receipt Budget[English
Expenditure Budget[English
Implementation of Budget Announcements[English
The Macro Economic Framework Statement[English
The Medium Term Fiscal Policy Statement[English
The Fiscal Policy Strategy Statement[English]

  • Rs 1,200 crore additional assistance to N-E states to be released before end of the year

  • Rs 1,000 crore grant for Nirbhaya Fund will be non-lapsable; another Rs 1,000 crore to be given next fiscal
  • Rs 3,370 crore to transferred to 2.1 crore LPG users

  • Govt committed to Aadhaar-based LPG transfer but scheme on hold temporarily

  • Aadhaar is tool for empowerment

  • Non-plan expenditure to exceed by a small amount in 2013-14

  • 500 MW fast breeder test reactor in Kalpakkam to be ready shortly; 7 nuclear power reactors under construction

  • Plan expenditure will be Rs 5,55,322 crore in 2014-15, unchanged from last fiscal

  • Budgetary support to railways increased from Rs 26,000 crore to Rs 29,000 crore 2014-15

  • Rs 2,46,397 crore allocated for food, fertilizer and fuel subsidy

  • Food subsidy will be Rs 1,15,000 crore for implementation of National Food Security Act

  • Defence allocation increased by 10 per cent to Rs 2.24 lakh crore

  • Foreign exchange reserves up by $15 billion

  • Foodgrain production estimated at 263 million tons in 2013-14

  • Agriculture credit will cross $45 billion against $41 billion in 2012-13
  • 296 projects worth Rs 6,60,000 crore cleared by Cabinet Committee on Investment by end January 2014

  • Merchandise export to grow by 6.8% to $326 billion

  • 3 more industrial corridors — Chennai-Bangalore, Bangalore-Mumbai, Amritsar-Kolkata — under various stages of implementation

  • GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2%

  • Declining fiscal deficit, moderation of CAD, stable exchange rate and increase in project implementation result of hard work

  • Power capacity rises to 234,600 MW in 10 years

  • Expenditure on education has risen from Rs 10,145 crore 10 years ago to Rs 79,251 crore this year

  • Sugar decontrol, gradual correction of diesel prices, application for new bank licenses, sick electricity distribution companies restructured

  • Average growth under UPA's ten year rule was 6.2 per cent against 5.9 during NDA period of 1999-2004

  • Average growth under UPA-I was 8.4 per cent and UPA-II 6.6 per cent

  • PSUs to achieve record capex of Rs 2,57,645 crore in 2013-14

  • 500 MW fast breeder nuclear reaction in Kalpakkam to be ready shortly; 7 nuclear power reactors under construction

  • National Solar Mission to undertake 4 ultra mega solar power projects in 2014-15

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What is New?

Date: 18-11-2024
NOTIFICATION No. 26/2024–Central Tax
Extension of due date for filing of return in FORM GSTR-3B for the month of October, 2024 for the persons registered in the state of Maharashtra and Jharkhand

Date: 13-11-2024
Notification No. 77/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 30-10-2024
Notification No. 73/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 29-10-2024
NOTIFICATION No.71/2024- Customs (N.T.)
Notifying Ultapani LCS route Road from Ultapani via Saralpara via Naharani (SSB Camp) to Sarpang District (Bhutan) by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994

Date: 23-10-2024
Notification No. 70/2024–Customs (N.T)
"Notification under Section 28A of Customs Act, 1962 for Non-Levy of Customs Duty on the import of Simply Sawn Diamonds

Date: 23-10-2024
Notification No. 69/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 22-10-2024
Notification No. 46/2024-Customs
[F. No. 190354/167/2024-TRU]

Date: 18-10-2024
NOTIFICATION No. 67/2024-Customs (N.T.)
"Notification of Yogayatan Port, Maharashtra as Customs Seaport" and it was issued under Section 7(1)(a) of Customs Act, 1962

Date: 15-10-2024
Notification No. 66/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 08-10-2024
Notification No. 05/2024-Central Tax (Rate)
Seeks to amend Notification No. 1/2017- Central Tax (Rate) dated 28.06.2017.



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