-By Team S.Jaykishan
The article contains an analysis of the new provisions introduced and the amendments to the existing ones by the Union Budget 2014-15 presented by the Finance Minister on July 10, 2014. The first budget in 10 years by a non-UPA government has announced a roadmap of policy initiatives that is likely to lead the economy back to 7-8% growth levels in the next 3-4 years. The government also aims to stabilize the macro-economy with lower levels of inflation, narrow fiscal deficit and a manageable current account deficit. The budget has credibly outlined steps to steer India from a subsidy-laden, bureaucratic culture to a more business-friendly investment climate. The article discusses in detail all the amendments and efforts have been made to present the proposals in a simple manner.