Soap Prices will reduce:-
Customs duty on non-edible grade industrial oils and its fractions fixed at 7.5% to encourage to domestic production of soaps and oleo chemicals.
Encouragement for production of security paper for printing currency notes:-
Concessional customs duty of 5% on capital goods imported by Bank Note Paper Mill India Pvt Ltd has been provided to encourage to indigenous production of security paper for printing currency notes.
Expenditures planned and Non-Planned:-
Plan expenditure for the coming fiscal has been fixed at Rs 555,322 crore, unchanged from current year, and non-Plan expenditure at Rs 12,07,892 crore, marginally higher than 2013-14.
Fiscal deficit will reduce:-
Finance Minister said India will get the target of fiscal deficit of 3 % of GDP by 2016-17 and remain below that level always.
Domestic Handsets Makers get Benefits:-
To encourage domestic production of mobile handsets Finance Minister restructured the excise duty for all categories fixing it at 6 per cent with CENVAT credit or 1 per cent without CENVAT credit.
More funds for SCs and tribals:-
The government has proposed to allocate Rs.48,638 crore to the Scheduled Caste sub-plan and Rs.30,726 crore to the tribal sub-plan. The gender budget will be Rs.97,533 crore and child budget Rs.81,024 crore.