MARKETS LIVE

CII PRESIDENT AJAY SRIRAM EXPECTS RETROSPECTIVE TAX AMENDMENT TO GOSOURCES: GOVT UNLIKELY TO CUT SPENDING ON NREGS THIS BUDGETSOURCES: THE RETROSPECTIVE TAX LAW IS UNLIKELY TO BE REPEALEDSOURCES: TAX OR DUTY HIKES ARE UNLIKELY IN THE BUDGETSOURCES: FINANCE MINISTER MAY PREFER TO RAISE THE EXEMPTION LIMIT FOR INTEREST ON HOME LOANS FROM 1.5 TO 3 LAKH RAISING 1 LAKH CAP ON SAVINGS UNDER 80C TO 3 LAKHS WILL COST THE GOVT 40,000 CR IN REVENUEHIKING THE EXEMPTION LIMIT FROM `2 LAKHS TO 5 LAKHS WILL COST 64000 CRSOURCES: THE GOVT'S HANDS ARE TIED DUE TO LACK OF FISCAL SPACESOURCES: THERE IS UNLIKELY TO BE ANY SIGNIFICANT EXEMPTIONS FOR THE SALARIED CLASS IN THE BUDGETRETROSPECTIVE TAXES MAY NOT BE REVOKED

Arun Jaitley set to present Modi government's maiden Budget today

LIVE UPDATE
  • 10:24 amIndustialist Adi Godrej on budget expectations "I expect a growth oriented Budget. Limit on certain things should be increased".
  • 10:18 amChallenges before Narendra Modi government: Skill development on par with secondary and university education.
  • 10:17 amChallenges before Narendra Modi government: Urbanisation to make cities governable.
  • 10:16 amChallenges before Narendra Modi government: Subsidies only to the absolutely deserving.
  • 10:16 amIt has to be a big bang Budget says journalist Siddarth Zarabi
  • 10:16 amChallenges before Narendra Modi government: Control inflationary pressures through supply side reforms.
  • 10:15 amChallenges before Narendra Modi government: Create a favourable climate for investors.
  • 10:15 amSwapan Dasgupta on Budget "Price rise of food items can be managed. Poor Monsoon is a big concern"
  • 10:15 amChallenges before Narendra Modi government: Revive the manufacturing sector.
  • 10:14 amChallenges before Narendra Modi government: Massive investment in infrastructure through Public Private Partnership (PPP).
  • 10:14 amChallenges before Narendra Modi government: Financial sector reforms to be completed as laid down by Legislative Reforms Commission.
  • 10:12 amChallenges before Narendra Modi government: Strike balance between price stability and growth.
  • 10:12 amChallenges before Narendra Modi government: Contain CAD through continued trade policy boost
  • 10:11 amChallenges before Narendra Modi government: - Attaining 3 per cent fiscal deficit target by 2016-17.
  • 10:09 amLike Railways Budget, will the general budget signal the end of populist budgets? Wait till 11 o'clock.
  • 10:07 amFor the first time since 1989, a government with absolute majority is presenting its budget.
  • 10:01 am
  • 9:55 amFinance Minister Arun Jaitley reaches Parliament. He will deliver his Budget speech at 11 AM in the House.
  • 9:36 amBudget documents arrive in Parliament.
  • 9:33 am
  • 9:28 am"With the rapid rise in inflation, disposable income is falling. A review of the savings limit is now a necessity," people said.
  • 9:26 amYou have also asked for increasing the cap for claiming exemption on housing loan interest from Rs 1.5 to Rs 3 lakh, increasing the exemption limit of Rs 15,000 for reimbursement of medical expenses to Rs 50,000 and increase in conveyance allowance from the current Rs 800 per month.
  • 9:26 amAhead of the Narendra Modi government's first Budget, CNN-IBN presented your wishlist of taxes that you want axed, to Finance Minister Arun Jaitley as part of its award winning Axe the Tax campaign. This year, you asked for an increase in the Income Tax threshold from Rs 2 lakh to Rs 5 lakh.
  • 9:20 amSensex, Nifty open flat ahead of presentation of Union Budget in Parliament.
  • 9:17 amFinance Minister Arun Jaitley reaches Rashtrapati Bhawan.
  • 9:06 amUnion Cabinet to meet at 10 am ahead of Budget presentation
  • 9:05 amCongress general secretary Digvijaya Singh tweets, Would Arun Jaitley explain MINDLESS POPULISM in his Budget Speech today ?
  • 8:39 amFinance Minister Arun Jaitley leaves for North Block ahead of presentation of Union Budget in Parliament.
  • 12:26 pmFM Arun Jaitley tables Economic Survey in ParliamentThe Survey says that inflation is down but still above acceptable limits.

What’s Cheaper

Coming up

What’s Dearer

Coming up

Budget Highlights

  • Jaitley may outline the road map for the roll out of the Good and Services Tax
  • Retrospective taxes may not be revoked
  • Jaitley expected to outline a comprehensive plan to boost economic growth
  • The Finance Minister may soften the blow with some tax exemptions
  • Arun Jaitley expected to include subsidy reforms
  • Economic Survey: India's GDP growth estimated to be 5.5 to 5.9 pc
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