Union Budget: Finance minister P Chidambaram has rejected the charge of policy paralysis as he presented his interim Union Budget in Parliament on Monday. Here are the highlights of the vote on account 2014.


. RBI must strike a balance between growth and moderating inflation, Chidambaram says


. We must focus on manufacturing, specially manufacturing for exports: Chidambaram


. I am disappointed that we could not introduce GST: Chidambaram


. No changes in tax laws in interim budget


. Govt has obtained information in 67 cases of illegal offshore accounts of Indians: Chidambaram


. Excise duty cut from 12 to 10 per cent in capital goods sector to stimulate growth


. Excise duty on mobile handset to be 6% on CENVAT credit to encourage domestic production


. Excise duty on small cars, motorcycles and SUVs reduced


. Service tax relief storage for warehousing for rice

.Blood banks to be exempt from service tax


. Rs 500 crore estimated requirement for implementing one-rank-one-pay scheme for armed forces in 2014-15


.Rs 6000 crore to rural housing fund, Rs 2000 crore for urban housing fund


. Minority bank accounts have swelled to 43,53,000 by 2013-14 from 14,15,000 bank accounts 10 years ago


. Rs 3711 crore for minority affairs; housing and urban poverty alleviation gets Rs 6000 crore


. Social justice ministry gets Rs 6730 crore; panchayati raj ministry Rs 7000 crore

. Moratorium on interest on student loans taken before March 31, 2009; to benefit 9 lakh borrowers



For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive