BUDGET 2014 HIGHLIGHTS

Direct taxes left untouched

Three more industrial corridors under implementation: FM

Fiscal deficit target at 4.1%

Excise cut for auto sector

Excise cut to 10% on consumer durables

Excise cut from 12% to 10% for capital goods

2016-17 fiscal deficit target at 3% or lower

To liberalise rupee-denominated bond market

To amend FMC act to strengthen commodity & derivatives market

Proposes 11,200 cr for capital infusion in PSU banks

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

GDP growth in Q3, Q4 FY14 seen at 5.2%; FY14: 4.9%

FDI policy was liberalised to facilitate greater investment in multi-brand retail, pharma etc

GDP fell to 4.4% from 7.9% in nine quarters

FY14 GDP to be 4.9%

$15 bn added to foreign reserves this fiscal

FY14 Current Account Deficit seen at $45 bn



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