Finance Minister Arun Jaitley on July 10, 2014 spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged but made it costlier for smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2014-15. </br> <br><a href="http://epaper.financialexpress.com/302269/Indian-Express/11-July-2014#page/1/3" target="_blank"><font color="#0260a8"><b>Read more: Union Budget 2014 presented by FM Arun Jaitley</b></font></a> -
Prime Minister Narendra Modi's new government on July 10, 2014 unveiled a budget that it said can revive growth even while curbing borrowing, after the country's longest slowdown in a quarter of a century.
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Prime Minister Narendra Modi's new government on July 10, 2014 unveiled a budget that it said can revive growth even while curbing borrowing, after the country's longest slowdown in a quarter of a century.
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Shares of defence equipment makers fell sharply by as much as 10 per cent on July 10, 2014 as Finance Minister Arun Jaitley raised foreign direct investment (FDI) in the sector to 49 per cent.
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Salaried class has got something to cheer with Finance minister Arun Jaitley raising tax exemption limit to 2.5 lakh for individual tax payers who are below the age of 60 years and 3 lakh for senior citizens.
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For every rupee in government kitty, as much as one-fourth will come from market borrowing in 2014-15 while 20 paise would be spent towards interest payment.
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Stock markets staged a roller-coaster ride with the Sensex and Nifty moving up and down after the NDA government’s first Budget provided mixed signals. Finally, Sensex erased gains and settled at 25,372.75 and NSE eased by 17.25 points to end at 7,567.75 on July 10, 2014.
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Gold rose sharply and reclaimed the key Rs 28,000 per 10 grams mark at the bullion market on July 10, 2014. Silver too surged and closed above the Rs 46,000 per kg level on the back of heavy industrial demand.
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Union Budget 2014-15
