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Jul 11 2014, 12:48 IST
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SummaryUnion Budget 2014-15 was presented by Finance Minister Arun Jaitley in the Lok Sabha in New Delhi on Thursday.

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:

* Fiscal deficit target at 4.1% of GDP in FY15

Reassures that India is on the fiscal prudence path and negates any downgrade by global rating agencies

* Borrowing at record high of Rs 6 lakh crore

Heavy government borrowing will squeeze liquidity in money market and keep interest rates firm

* Capital expenditure to be raised by 19%

Higher capital spending by the government will pave the way for revival in investment and foster higher growth

* Disinvestment target at Rs 63,425 cr

Small investors will get to buy shares of PSUs such as ONGC and Coal India

* Govt balance sheet doubles in 6 years

With the government's balance sheet size or total expenditure set to double to Rs 1.79 lakh crore in 6 years, revenues have failed to keep pace resulting in rising public debt and interest burden

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