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Budget Changes Notifications

India New Budget 2014 - 15

Key to Budget[English]
Budget Highlights

Budget Highlights 
(In PDF)
[English
Budget Speech[English
Budget at a Glance [English
Annual Financial Statement [English] 
Finance Bill [English
Receipt Budget[English
Expenditure Budget[English
Implementation of Budget Announcements[English
The Macro Economic Framework Statement[English
The Medium Term Fiscal Policy Statement[English
The Fiscal Policy Strategy Statement[English] 

  • Rs 1,200 crore additional assistance to N-E states to be released before end of the year

  • Rs 1,000 crore grant for Nirbhaya Fund will be non-lapsable; another Rs 1,000 crore to be given next fiscal
  • Rs 3,370 crore to transferred to 2.1 crore LPG users

  • Govt committed to Aadhaar-based LPG transfer but scheme on hold temporarily

  • Aadhaar is tool for empowerment

  • Non-plan expenditure to exceed by a small amount in 2013-14

  • 500 MW fast breeder test reactor in Kalpakkam to be ready shortly; 7 nuclear power reactors under construction

  • Plan expenditure will be Rs 5,55,322 crore in 2014-15, unchanged from last fiscal

  • Budgetary support to railways increased from Rs 26,000 crore to Rs 29,000 crore 2014-15

  • Rs 2,46,397 crore allocated for food, fertilizer and fuel subsidy

  • Food subsidy will be Rs 1,15,000 crore for implementation of National Food Security Act

  • Defence allocation increased by 10 per cent to Rs 2.24 lakh crore

  • Foreign exchange reserves up by $15 billion

  • Foodgrain production estimated at 263 million tons in 2013-14

  • Agriculture credit will cross $45 billion against $41 billion in 2012-13
  • 296 projects worth Rs 6,60,000 crore cleared by Cabinet Committee on Investment by end January 2014

  • Merchandise export to grow by 6.8% to $326 billion

  • 3 more industrial corridors — Chennai-Bangalore, Bangalore-Mumbai, Amritsar-Kolkata — under various stages of implementation

  • GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2%

  • Declining fiscal deficit, moderation of CAD, stable exchange rate and increase in project implementation result of hard work

  • Power capacity rises to 234,600 MW in 10 years

  • Expenditure on education has risen from Rs 10,145 crore 10 years ago to Rs 79,251 crore this year

  • Sugar decontrol, gradual correction of diesel prices, application for new bank licenses, sick electricity distribution companies restructured

  • Average growth under UPA's ten year rule was 6.2 per cent against 5.9 during NDA period of 1999-2004

  • Average growth under UPA-I was 8.4 per cent and UPA-II 6.6 per cent

  • PSUs to achieve record capex of Rs 2,57,645 crore in 2013-14

  • 500 MW fast breeder nuclear reaction in Kalpakkam to be ready shortly; 7 nuclear power reactors under construction

  • National Solar Mission to undertake 4 ultra mega solar power projects in 2014-15

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What is New?

Date: 05-01-2018
Notification No. 02/2018-Customs
Seeks to amend notification 50/2017-Customs dated 30.06.2017 so as to exclude petroleum coke from the purview of concessional 5% Basic Customs Duty (BCD).

Date: 05-01-2018
Notification No. 01/2018-Customs
Seeks to amend notification No. 82/2017-Customs dated 27.10.2018 to amend the effective rate of customs duty of tariff item 6001 9200.

Date: 05-01-2018
Notification No. 02/2018-Customs (N.T.)
Amendment to notification no. 12/97-Customs (NT) dated 2nd April, 1997

Date: 04-01-2018
Notification No. 01 /2018-Customs (N.T.)
Exchange Rates Notification No.1/2018-Custom(NT) dated 4.1.2018

Date: 29-12-2017
Notification No. 97/2017-Customs
seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2018 ..

Date: 29-12-2017
Notification No. 21/2017-Customs (N.T./CAA/DRI)
Tariff Notification in respect of Appointment of Common Adjudicating Authority by DGRI

Date: 29-12-2017
Notification No. 20/2017-Customs (N.T./CAA/DRI)
Tariff Notification in respect of Appointment of Common Adjudicating Authority by DGRI

Date: 29-12-2017
Notification No. 120 /2017-Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut,Gold and Silver

Date: 28-12-2017
Notification No. 119 /2017-Customs (N.T.)
Notification under sub-section (1) of section 4 of the Customs Act, 1962

Date: 22-12-2017
Notification No. 95/2017-Customs
Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2018 .



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