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Jaitley's Union Budget: Measures and impact

Jul 11 2014, 11:47 IST
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Finance Minister Arun Jaitley at Parliament house after presenting the Union Buget. (PTI) Finance Minister Arun Jaitley at Parliament house after presenting the Union Buget. (PTI)
SummaryTop measures and their impact from Arun Jaitley's Union Budget.

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:

*Measure: Development of 100 smart cities with low-cost housing, NHB allocation R8,000 cr, deduction limit on housing loan interest Rs 2 lakh.

Impact: More demand for housing, consumer durables

*Measure: Tax exemption limit Rs 2.5 lakh for individuals below 60 years and Rs 3 lakh for senior citizens

Impact: More disposable income, boost to consumer demand

*Measure: Duty exemption on colour picture tubes, LCD, LED

Impact:: TVs below 19 inches Smaller TVs cheaper

*Measure: Excise duty on tobacco products, aerated water with added sugar up

Impact:: Cigarettes, pan masala, gutkha, fizzy drinks costlier

*Measure: Customs duty on raw material for soaps removed. Excise duty on footwear below R1,000 halved

Impact:: Shoes and soaps to become cheaper

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