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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: 24-03-2017
Notification No. 10/2017-Customs (ADD)
Seeks to order provisional assessment on imports of "1,1,1,2-Tetrafluoroethane or R-134a " ,originating in or exported from People's Republic of Chinaby M/s. Zhejiang Sanmei Chemical Ind. Co., Ltd. (Producer/Exporter) [China PR], M/s Zhejiang Sanmei Chemical Products Co., Ltd (Exporter) [China PR] and M/s Jiangsu Sanmei Chemical Ind. Co., Ltd (Producer) [China PR] into India, till the finalization of New Shipper Review initiated by DGAD, vide notification No.15/22/2016-DGAD dated 27.02.2017.

Date: 24-03-2017
Notification No. 9/2017-Customs (ADD)
Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People's Republic of China up to and inclusive of 20th November, 2019.

Date: 21-03-2017
Customs Instruction No. 04/2017
Classification of leggings-reg

Date: 21-03-2017
DGFT Notification No. 42/2015-2020
Amendments in Chapter 4 of the Foreign Trade Policy 2015-20

Date: 21-03-2017
RBI/2016-17/254 A.P. (DIR Series) Circular No. 41
Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies

Date: 16-03-2017
RBI/2016-17/253 A.P. (DIR Series) Circular No. 40
Exim Bank's Government of India supported Line of Credit of USD 50 million to the Government of Co-operative Republic of Guyana

Date: 16-03-2017
RBI/2016-17/252 A.P. (DIR Series) Circular No. 39
Exim Bank's Government of India supported Line of Credit of USD 10 million to the Government of Co-operative Republic of Guyana

Date: 16-03-2017
Customs Notification No. 22/2017 (NT)
Rate of exchange of conversion of the foreign currency with effect from 17th March, 2017

Date: 16-03-2017
Customs Instruction No. 03/2017
Regarding errors in the bank account no., IFSC Code, etc. given by exporters for processing claims of Duty Drawback and Rebate of State Levies (RoSL) Scheme

Date: 15-03-2017
Customs Notification No. 21/2017 (NT)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.