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Jaitley to present Delhi Budget tomorrow

India Blooms News Service | | Jul 18, 2014, at 02:04 am

New Delhi, July 17 (IBNS): Union Finance Minister Arun Jaitley will present the Budget for NCT of Delhi for the financial year 2014-15 in Parliament on Friday.

As Delhi Assembly is kept under suspended animation and the President Rule is in force, the Budget is being presented by the Union Finance Minister.

Aiming to take the growth of Indian economy to over 7 percent in next few years and reducing fiscal deficit, Union Finance Minister Arun Jaitley on July 10 presented the Budget for 2014-15, the maiden of the Narendra Modi government, with a big focus on the rural and agriculture sectors and announcing a clutch of infrastructure schemes and measures to woo foreign investors by welcoming FDI in defence and insurance sectors.

Jaitley also raised the income tax limit for the common man to Rs 2.5 lakh from the existing Rs 2 lakh and did not make any changes in the direct taxes.

Jaitley announced an increase in the FDI in defence to 49% from the existing 26%. FDI in Insurance sector was also raised to 49 percent.

#Arun Jaitley to present Delhi Budget tomorrow

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