 Here are the highlights of Union Budget 2014 tabled by finance minister Arun Jaitley in the Lok Sabha:- Aim to achieve 7-8 per cent economic growth rate in next 3-4 years.
- FDI in Insurance to be increased to 49%.
- FDI in Defence up from 26 to 49 % with Indian management and control.
- E-visas to be introduced at nine airports in India in phased manner.
- Government announces reduction in excise duty for specified food package industry from 10% to 6%.
- Excise duty on footwear reduced from 12% to 6%
- Basic custom duty on LED panel below 19 inch made nil.
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