Budget 2014

11Jul

Budget 2014 Post Updates : What is cheaper, and what became costlier

CHEAPER

Cars

Mobile Phones

Computer monitors, TV sets, LCDs Small LED upto 19 inches)

Refrigerator

Woolen Clothes

Spandex Yarns

Cosmetics

Steel utensils

Packaged food

Smart cards

Oil Products

Footwear (below Rs1000)

Semi Precious Stones

Trimmings and cloth embellishemtn duties

Sports equipment

Branded clothing

Diamonds

Cooking coal

Solar Panels

Stainless Steel

COSTLIER

Aerated drinks — colas

Cigarettes and Tobacco other products (Ghutka, Paan)

Video camera

Radio Taxis

Specified Telecom products

Advertising

10Jul

Budget 2014 Reactions: Air India to get Rs.6,500 crore of fresh equity

Finance Minister Arun Jaitley Thursday proposed infusion of an additional equity of Rs.6,500 crore in the cash-strapped national passenger carrier Air India for the current fiscal.

“Budgetary support of Rs.6,500.00 crore has been earmarked for equity infusion in Air India Limited,” said the expenditure budget document.

10Jul

Budget 2014 Reactions: Budget 2014 will boost job creation: Ranstad India CEO

The Budget is in the right direction and aims to push economic growth by containing fiscal deficit and inflation. Opening up of FDI in a few sectors will boost job creation. We expect short to mid-term job creation in the insurance sector and long-term job creation in infrastructure and manufacturing sectors. The Micro Small and Medium Enterprises (MSME) sector will see momentum on the back of the Rs 10,000 crore venture capital funds. It has the potential to be a key job creator in the long term. The creation of Skill Development Academy will make the 10 million to 12 million entering the job market employable. Lack of opportunities and access to proper training and facilities have led to a widening of the skill gap in India. The move to set up IITs, IIMs and medical colleges is a major boost to the education sector. These institutes will be able to attract good faculty members due to the brand and higher salaries they pay. It is also an good initiative for students too. We need not right away about jobs for them as it will be a few years before they graduate. Hopefully, the economy will have much more to offer by then.Moorthy K Uppaluri is CEO, Randstad India.

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