Modi Budget 2014: Highlights!

We have already faced a railway price rise, petrol and diesel increase and rising inflationary pressure. Now, all eyes are on Arun Jaitley .Finance Minister Arun Jaitley detailed his budget for 2014-15 today, the first under Prime Minister Narendra Modi's new government.

The budget is the first major test of Mr Modi's reformist credentials since he swept to power in May with a pledge to boost growth and create millions of new jobs.

Here are the key highlights:

This is Modi Government's first budget.:Jaitley

This budget is broad policy indicator of the direction of Modi government: Jaitley

Shyama Prasad Mukherjee Rozgaar Mission to be launched: Arun Jaitley

Committee to suggest on ways and means to use unclaimed PPF amount, report to be given by Dec 2014

A national skill program called 'Skill India' is proposed to be launched

Kisan Vikas Patras to be re-introduced, says Jaitley

Govt to print CURRENCY notes with Braille to help the visually challenged persons

Rs 50,548 cr for SC development: Jaitley

MNREGA FUNDS to be linked to asset creation and agriculture

FDI in Insurance hiked to 49%, insurance sector FDI raised to 49 per cent

PM has vision of developing 100 smart cities, 7,060 crores for this will be kept aside: Jaitley

E-visa to promote travel at 9 airports and visa-on-arrival at more airports soon

Will leave no stone unturned in creating a vibrant India

Need to revive growth in manufacturing and infrastructure sector

Can't spend beyond our means, need fiscal prudence

We have large subsidy burden

Target of 4.1% fiscal deficit is daunting

I have accepted this target as challenge

Tax-to-GDP ratio must be raised

Will streamline taxation and avoid harassment. This government will not bring any restrospective amendments

Banking Sector needs to be strengthened

There is urgent need to generate more resources

We need to revive growth particularly in manufacturing sector and infrastructure

Anti-poverty programmes will be targeted well.

We wish to achieve 7 to 8 per cent growth in next 3-4 years

Will leave no stone unturned to create a vibrant India

Will usher in policy regime that will usher in higher growth, low inflation

Slow decision making has resulted in loss of opportunity

Pradhan Mantri Krishi Sichai Yojana -1000 crores set aside

Swach Bharat Abhiyaan - sanitation is of prime importance

Van Bandhu Kalyan Yojana launched with initial allocation of 100 crores for welfare of tribals

Rs. 500 crore for Deen Dayal Upadhyay rural electrification programme.

Sardar Patel statue work will be completed in Gujarat

Women Safety:

Outlay of Rs. 50 crores for a pilot scheme on road safety

Another 150 crores to be spent by MHA on safety on women in larger cities

'Beti Bachao, Beti Padhao Yojana' - 100 crores

Rural Housing:

8000 crores for national housing banking programme - for rural housing

Special proposals for visually challenged: Government to print CURRENCY notes with braille like signs to help the blind

Education:

All 6 additional AIIMS have become operational

Plan to set up 4 more AIIMS in Andhra Pradesh, West Bengal, Vidharbha and Purvanchal. Rs. 500 crore allocated

Pandit Madan Mohan Malviya New Teacher's Training Programme launched. 5 more IITs and IIMs to be set up - 500 crores allocated

FTII Pune, SRFTI Kolkata will be accorded the status of institute of national importance

Agriculture:

Urgent need for INVESTMENT in agro-technology and development

100-crore Agri-Infrastructure fund

Horticulture University in Telangana