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Lok Sabha approves Budget 2014

Lok Sabha approves Budget 2014

Prime Minister Narendra Modi's government last week presented its maiden Budget that sought to revive a flagging economy and mend public finances.

New Delhi: The Lok Sabha on Friday approved the budget for 2014-15.

Prime Minister Narendra Modi's government last week presented its maiden Budget that sought to revive a flagging economy and mend public finances.

During the debate on General Budget in the House on Friday, Finance Minister Arun Jaitley spelt out his intentions to bring about "civility" in tax regime, rationalise the subsidy system, maintain low taxes and boost infrastructure and housing to expand economy while providing more for social sector programmes.

Replying to the debate, he said the government had no qualms about being "pro-business", asserting that it was necessary for generating more revenues and increasing spending that would benefit the poor and marginalised sections of the society.

first published:July 18, 2014, 16:46 IST