One Minute Budget
Fiscal deficit for FY14 to be contained at 4.6% of GDP; FY15 target at 4.1%
FY14 Current Account Deficit seen at $45 bn
FY14 Q3 & Q4 GDP growth to be at least 5.2%
Agriculture credit to cross $45 bn in FY14 vs $41 billion FY13
No change in direct taxes
Excise cut on capital goods cut from 12% to 10%
Excise duty cut on small cars reduced from 12% to 8%
Excise duty for SUVs cut from 30% to 24%
Excise duty for large and mid-segment cars cut to 20%
Excise duty on consumer durables cut from 12% to 10%
Rs 11,200 crore capital infusion in PSU banks
Rs 2,600 crore for education loan moratorium, to benefit 9 lakh borrowers for loans taken before March 31, 2009
For more visit: Business Standard
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