Budget Measures and Impact: Capex, 100 new cities...

Written by fe Bureau | Updated: Jul 11 2014, 17:45pm hrs
Union Budget 2014-15 was presented by Finance Minister Arun Jaitley in the Lok Sabha in New Delhi on Thursday.

Here are the top measures and their impact:

* Rs 2.48 lakh crore capex plan of PSUs

Capital expenditure by cash-rich state-owned companies will pave way for reviving investment cycle and help attain the targeted GDP growth of 7-8% in next three to four years

* Rollout of GST and other tax reforms

The proposed implementation of GST coupled with steps to make tax policy stable and predictable will boost investor confidence and attract more foreign investment

* 100 new cities and urban development through PPP

Spark a construction boom and improve the existing urban infrastructure without putting undue pressure on government finances