Budget 2014 TAX FOCUS : FM Rationalises Customs Duties

Basic customs duty on ships imported for breaking up has been rationalised to 2.5 percent.
Basic customs duty on semi-processed, processed diamonds is being rationalised at 2.5 percent.
To encourage manufacturing and export of garments, the Finance Minister has given concession on import of trimmings and other articles.


Budget 2014 Reactions : Budget doesn’t help in fixing economy, says Rahul

Congress Vice President Rahul Gandhi today said that the NDA government’s budget had nothing in it to fix the economy and it in fact could just slow down growth further.

“This Budget doesn’t quicken the economic pulse, infact it slows it down,” he said. Echoing his mother’s views, Rahul also said that the Budget was all about usurping UPA ideas.

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