Here are the highlights of the Interim Budget
2014-15:
# RBI must strike a balance between growth and moderating
inflation: Chidambaram
# Excise duty on SUVs cut from 30 to 24 pc, in large and
mid-segment cars from 27-24 pc to 24-20 pc: Chidambaram
# Blood banks to be exempt from service tax: Chidambaram
# Revenue deficit estimated at 3 pc for current fiscal.
# Service tax relief storage for warehousing for rice.
# Excise duty on small cars, motorcycles and SUVs
reduced.
# Excise duty cut from 12 to 10 per cent in capital goods
sector to stimulate growth.
# No changes in tax laws in interim budget.
# 140 million moved out of poverty during the Government
of UPA I and II
# Government has obtained information in 67 cases of
illegal offshore accounts of Indians.
# Finance Minister says neither populism, nor majoritism
is a way for governance
# Moratorium on interest on student loans taken before
March 31, 2009; to benefit 9 lakh borrowers.
# Social Justice Ministry gets Rs 6730 crore; Panchayati
Raj Ministry Rs 7000 crore, says FM.
# Minority bank accounts have swelled to 43,53,000 by
2013-14 from 14,15,000 bank accounts 10 years ago.