Reactions on Union Budget 2014

Union Budget: Amid high expectations from the middle class and industry, finance minister Arun Jaitley present's his maiden Budget on Thursday that may contain tax sops for the salaried, dumping of the controversial retrospective tax and spelling out of steps to revive investment and manufacturing for growth.

There are high hopes that the Budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs, but could provide relief by incentivizing savings.

For boosting investment, Jaitley is expected to announce tax incentives for industry. As a prelude, the government has already extended the excise duty concessions for automobile and consumer durable sectors till December. The finance minister is also expected to take a call on reducing duties on gold import, which were raised last year to check ballooning current account deficit.


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