While making his maiden Budget Speech in Parliament today, the Union Finance Minister Shri Arun Jaitley said that India has a strong urge to grow and free itself from the curse of poverty. The people are in no mood to suffer unemployment, inadequate basic amenities, lack of infrastructure and apathetic governance. The Indian economy will have to maneuver its way through a sluggish global recovery, he added.
The Finance Minister Shri Arun Jaitley has provided a sum of Rs. 7060 crores in the current financial year for developing 100 smart cities. Announcing in his maiden Budget Speech in the Parliament, Shri Jaitley said that the Prime Minister has a vision of developing one hundred 'Smart cities' as satellite towns of larger cities and by modernizing the existing midsized cities.
Five more IITs/IIMs: The Government has announced to set-up five more IITs in the Jammu & Kashmir, Chattisgrah, Goa, Andhra Pradesh and Kerala. Similarly, five new IIMs will be set-up in the States of Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra. For this, a sum of Rs. 500 crore has been allocated in the Budget. Presenting his Maiden Budget in Parliament here today, the Union Finance Minister Shri Arun Jaitley said that the country needs a large number of Centres of higher learning which are world class and accordingly declare to set-up Jai Prakash Narayan National Centre for Excellence in humanities in Madhya Pradesh.
e-Visa : The facility of Electronic Travel Authorisation (e-Visa) shall be introduced in a phased manner at nine airports in India. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley said that the necessary infrastructure would be put in place within the next six months. Shri Jaitley said that tourism is one of the largest job creators globally. The facility of e-Visa would give a major boost to tourism in India. The countries to which e-Visa facility would be extended would be identified in a phased manner. This would further facilitate the Visa-on-Arrival facility.
Beti Bachao, Beti Padhao : Government has introduced a new scheme called Beti Bachao, Beti Padhao, which will help in generating awareness and improving the efficiency of delivery of welfare services meant for women with an initial corpus of Rs 100 crore. The Union Finance Minister Shri Arun Jaitley announced in his maiden Budget Speech that government would focus on campaigns to sensitize people of this country towards the concerns of the girl child and women. He said that the process of sensitization must begin early and therefore the school curriculum must have a separate chapter on gender mainstreaming.
7060 crores for Smart Cities: The Finance Minister Shri Arun Jaitley has provided a sum of Rs. 7060 crores in the current financial year for developing 100 smart cities. Announcing in his maiden Budget Speech in the Parliament, Shri Jaitley said that the Prime Minister has a vision of developing one hundred ‘Smart cities’ as satellite towns of larger cities and by modernizing the existing mid-sized cities.
Housing for all by 2022 : Government is committed to endeavour to have housing for all by 2022 by extending additional tax incentive on home loans to encourage people, especially the young, to own houses. It has proposed to set up a Mission on Low Cost Affordable Housing to be anchored in the National Housing Bank. The Finance Minister Shri Arun Jaitley informed the Lok Sabha while presenting the General Budget 2014-15 that a sum of Rs 4,000 crore has been earmarked for National Housing Bank with a view to increase the flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
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