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Union Budget 2014: Jaitley proposes more IITs, IIMs and AIIMS

Thursday, 10 July 2014

Some of the highlights of the budget proposals made by Finance Minister today in the Parliament:

Pt Madan Mohan Malaviya Teaching Programme to be started

FM proposes to set up 5 new IIMs and 5 new IITs

Propose to set up Center of Excellence in MP named after Lok Nayak JaiPrakash Narayan

15 Model Rural Health Research centers to be set up for rural health issues

FM proposes 12 more Govt Medical colleges with dental facilities

The four new AIIMS will be in Andhra, West Bengal, Vidarbha and Purvanchal

Propose to set up four more AIIMS; Rs.500 crore set aside for this. Six new AIIMS started recently have become functional

Rs.3600 crore set aside for National Rural Drinking Water

Backward Regional Grant Fund announced to address inter regional inequalities.

National Housing Banking programme proposed; sets aside Rs. 8000 cr for this programme.

PMGSY has a massive impact on rural development; sets aside Rs.14,389 crore for

Jaitley announces Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund.

FM laments apathy towards girl child, announces 'Beti padhao, beti badhao yojana', sets aside Rs.100 crore for this.

15 new Brail presses to be established

FM announces schemes for disabled persons in the country

EPFO will launch a unified account scheme for portability of Provident Fund accounts

A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised

Rs.50,548 crore proposed for SC development

Rs.200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion

Govt committed to providing 24/7 power supply to all homes

Total sanitation goals to be achieved by 2019

'Pradhanantri Krishi Sichayin Yojana' to be started for irrigation

A national multiscale programme called Skill India to be introduced to provide training and support for employment

In order to give major boost to tourism, E-visas would be introduced at 9 airports. This will facilitate visas on arriva

As large number of people migrate to cities, unless new cities are developed the present would become unliveable

We will examine proposal to give additional autonomy to banks and make them more responsible

Financial stability is the foundation of our recovery

FM proposes measures to encourage development of smart cities

India is the largest buyer of defence equipment

India needs boost in manufacturing sector

FDI is several sectors provides additional resources     Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation.

I propose to strengthen authority for advance ruling in tax

We are committed to providing stable tax regime which is investor friendly

This govt will not ordinarily change policies retrospectively which creates a fresh liability

GST will streamline tax administration and result in higher tax collection for center and states

A new urea policy would be formulated

We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional

There is a gradual moderation in the WPI recently; but we are still not out of the woods


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