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South Asian Views On Global News - Update 24X7

Budget highlights-2


Jaitey budget20140710112912_l

* Aiming at fiscal deficit of 3 percent by 2015-16 and 2 percent by 2016-17


* FDI in defence sector raised to 49 percent from 26 percent

* CBDT to scrutinize all cases under 2012 law on retrospective tax cases

* Problem of black money to be fully addressed

* Expenditure Management Commission to be established this fiscal

* Slow decision-making has resulted in lost opportunities

* Green shoots of recovery in world economy

* Budget will lay down steps aimed at 7-8 percent growth in next few years

* The aim is "Sub ke saath, sub ka vikas" (With everyone, For everyone’s development)

* Should we be victims of populism?


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