#UnionBudget2014

The Union Budget 2014 was presented by the current Finance Minister of India Shri. Arun Jaitley. The budget as expected was high voltage affair as any other event is in era of Modi Sarkar. All the eyes were on the Finance Minister's brief case, as to know the road map of Ache Din and this what the finance minister had to offer.

10 things that will work in interest of Aam Admi and his Ache Din!!

1) Say Cheese - A moment of cheer

-> Income tax slab raised from 2 lac p.a. to 2.5 lakhs per annum

i.e. if you are earning ₹ 20,833.33 a month  then you are not liable to pay any  income tax.

2) The entrepreneurial boost

-> Corpus of ₹ 10,000 Crore through venture capital funding and soft loans for young and budding entrepreneur.

3) Smart bann raha hai India

-> Allocation of ₹ 7,060 Crores for developing 100 smart cities in India.

4) Coz ExPORTs and ImPORTs are incomplete without PORTs

-> Building of 16 new ports across the coastline of India.

5) Cigarette smoking and Gutkha Chewing is now also injurious to wealth

 -> Hike in Excise Duty Of Cigarettes By 11% - 72% and Gutkha form 60% to 70%.

6) Giving wings to Insurance    

-> Increase of FDI in Insurance from 26% to 49%, inturn helping the 70 Billion USD insurance industry to penetrate deeper in our country.

    

7) Turning Delhi into Dubai and Banglore into Bejing

-> ₹ 50000 Crore worth urban infra projects.

8) Padhega India, tabhi toh badhega India

-> ₹ 28635 Crore to be funded for Sarva Shikasha Abhiyaan.

   

9) Fair-e-tail

-> E-commerce sales in retail allowed without any additional approval.

10) Har ghar kuch kehta hai
-> ₹ 4000 crores for National Housing Bank with a view to provide cheaper credit for affordable housing to Urban Poor and Low Income Group.

4 things that do not work for Aam Admi!!

1)  FM, why you no Meherbaan on our Kisaan ??
-> Not much help in agriculture sector with only ₹ 5000 Crore for irrigation and infrastructure and ₹ 500 Crore for Price stabilization


2)  No Power to generate Power


-> Failure in taking decisive measures in strengthening the power sector in India, except some relief in Coal import duty.

3)  Healthcare Mis-Management
-> No strong reforms for supplementing better health care facilities in Bharat; 4 AIIMS with a budget of only ₹ 500 Crores.

4)  Women Security – Not a priority !!       


-> Allocation of ₹ 150 Crore fund for security of over 20 Crore of women in large cities. i.e. ₹ 7.5 / woman, really!!??



I would personally rate this #UnionBudget2014 as 6.5 on 10, however it is left for the government to execute the plans in the right spirit and best of interest of the pupil of India.