Union Budget 2014-15: The Pros and Cons

For the development of wind energy a sum of 500 crore is allotted to Tamil Nadu and Rajasthan. These are just a few of the eye catching improvements that can be expected.

The government has moved forward in support of sports and plans to build a sports university in Manipur and will spend 100 crore in this venture. Jammu and Kashmir are in for a favor with the new budget as the state will have a remake for both indoor and outdoor stadiums with a proposed amount of 200 crores. The government will also set up a great number of sports academies across the country. This will encourage sports among the younger generation.

International businesses will breathe easy while also move quickly towards indulging in the Indian market, as the government has open the doors for the flow of FDI from the usual 26 percent to 49 percent for the next fiscal year in the defense department. The defense department has the highest allotment of 229000 crores.

The increase in the defense budget is not at all needed when India has been a country that has stood for non violence. This sector already has the highest flow of monetary fund that comes form the pockets of the Indian common people. The FDI inflow may have increased but the chunk of the money is still from tax payers.