Union of India's Interim Budget 2014-15
Highlights of The Interim Budget 2014-15 The Union Finance Minister, Shri P. Chidambaram here today presented the Interim Budget 2014-15 that shows an Estimated Plan Expenditure of Rs. 5,55,322 Crore and Non-Plan Expenditure of Rs. 12,07,892 Crore Fiscal Deficit to be Pegged at 4.1% and The Revenue Deficit at 3% The fiscal deficit (of current financial year) at 4.6% and The revenue deficit (of current financial year) at 3.3%. The fiscal deficit during 2014-15 will be below the target set by the fiscal consolidation path. Major Economic Initiatives in the Current Financial Year Public Sector Enterprises Achieve a New Record in Capital Expenditure • About 50,000 MW of Thermal and Hydelpower capacity is under construction and 78,000 MW of power capacity has been assured coal supply. • The FDI policy was liberlised. • Approval was granted to establish two semi-conductor wafer fab units. • IT modernization of the Department of Posts w...