Jaitley’s Union Budget: Measures and impact

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.

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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