Union Budget 2014-15 was presented by Finance Minister Arun Jaitley in the Lok Sabha in New Delhi on Thursday.
Here are the top measures and their impact:
*Measure: Development of 100 smart cities with low-cost housing, NHB allocation R8,000 cr, deduction limit on housing loan interest Rs 2 lakh.
Impact: More demand for housing, consumer durables
*Measure: Tax exemption limit Rs 2.5 lakh for individuals below 60 years and Rs 3 lakh for senior citizens
Impact: More disposable income, boost to consumer demand
*Measure: Duty exemption on colour picture tubes, LCD, LED
Impact:: TVs below 19 inches Smaller TVs cheaper
*Measure: Excise duty on tobacco products, aerated water with added sugar up
Impact:: Cigarettes, pan masala, gutkha, fizzy drinks costlier
*Measure: Customs duty on raw material for soaps removed. Excise duty on footwear below R1,000 halved
Impact:: Shoes and soaps to become cheaper