Ø Narendra Modi's first budget targets Indian growth, curbs deficit

Ø Budget 2014: Arun Jaitley proposes 5 new IITs, 5 new IIMs, 4 new AIIMS

Ø Budget 2014: No major boost to Defence, Jaitley allots Rs 2.29 lakh crore

• Jaitley focuses on women safety, schemes for girls
• Budget - Sharp recovery in the Sensex. Up more than 400 points from the day's lows.
• Budget - Cigarette and Aerated drinks to cost more.
• Budget - Footwear to be cheaper. Certain TV sets will be cheaper depending on their size.
• Budget 2014:Hikes customs duty on flat steel products to 7.5% from 5%
• Budget 2014:Basic custom duty on LED panel below 19 inch made zero
• Budget 2014:"food processing will get incentives. Excise duty would be reduced to 6% from 10%"
• Budget 2014:"Housing loan intrestexemption increased to Rs.2 lakh from Rs.1.5 lakh".
• Budget 2014:"No change in tax rate. Personal Income tax limit to be raised to Rs. 2.5 lakh and Rs.3 lakh for senior citizens".
• Budget 2014:- Budget estimates - non tax revenue Rs. 2,12,544 crore
• Budget 2014:- Budget estimates - non-plan 12,19,892 Crore
• Budget 2014:"North - East will get a separate Television channel".
• Budget 2014:"National Centre for Himalayan Studies will be set up in Uttarakhand. Organic farming will be promoted in North East".
• Budget 2014:"various track and field sporting activities will be encouraged. Manipur to get a Sports University. Rs.100 crore will be spent
• Budget 2014:"Rs 2037 Crore for saving Ganga river. River will be cleaned".
• Budget 2014:"Allocation for the Defence sector would Rs.2.29 lakh Crore".
• Budget 2014:"modernisation of armed forces is important. Rs.5000 crore will be spent on this. It is above the budget allocation".
• Budget 2014:"11,635 crore harbour projects".
• Budget 2014:"Rs.10,000 crore venture capital fund will be set up to attract new entrepreneurs".
• Budget 2014:Lot of focus on rural areas and agriculture in this Budget. Finance minister has announced several schemes.
• Budget 2014:"Kisan television will be set up for the benefit of farmers. It will give real time information on advanced agriculture system.

Ø Rules of retrospective taxation unchanged. Budget 2014: Tax exemption limit raised to Rs 2.5 lakh from Rs 2 lakh