MARKETS LIVE

FM: `100 CRORES FOR MODERNISATION OF MADRASASFM: `100CR FOR METRO PROJECTS IN LUCKNOW & AHMEDABAD IN CURRENT FISCALFM: 5 NEW IIMs IN HIMACHAL, PUNJAB, BIHAR , ODISHA & MAHARASHTRAFM: PROPOSE TO SET UP FOUR MORE AIIMS; `500 CR SET ASIDE FOR THISFM: `150 CR ALLOCATED FOR SAFETY OF WOMEN ON ROADSFM: E-VISAS TO BE INTRODUCED AT 9 AIRPORTSFDI IN INSURANCE, DEFENCE TO BE HIKED TO 49%FINANCE MINISTER: WANT TO PROMOTE FDI SELECTIVELYJAITLEY: FY16 FISCAL DEFICIT TARGET AT 3.6% OF GDPFM: ALL RETRO TAX CASES TO BE SCRUTINISED BY HIGH LEVEL COMMITTEE

Live: Emphasis on social sectors, women, education in Jaitley's Budget 2014

LIVE UPDATE
  • 11:52 amArun Jaitley has laid emphasis on social sectors, women, education in Budget Budget 2014-15
  • 11:47 amAdjourning the Lok Sabha during Budget presentation is unprecedented.
  • 11:46 amParliament adjourned during Budget presentation for five minutes.
  • 11:45 amArun Jaitley "Rs.7060 crore for 100 smart cities".
  • 11:44 amBudget impact "Nifty 74.3 down. Sensex 210 down".
  • 11:43 amArun Jaitley "Metro for Ahmedabad too".
  • 11:41 amArun Jaitley "Metro projects for cities with over 20 lakh population must begin now. Lucknow to get Metro".
  • 11:39 amArun Jaitley "FTII Pune will be accorded the status of institute of national importance".
  • 11:37 amArun Jaitley "5 more IITs and 5 more IIMs will be set up".
  • 11:37 amArun Jaitley "Rs.100 crore will be spent on virtual class rooms for online education".
  • 11:35 amArun Jaitley "12 more government colleges will be added. Request from all states will be considered".
  • 11:34 amArun Jaitley "More focus on health sector and will set up institute of excellence"
  • 11:30 amArun Jaitley "MNREGA will be made more productive. It will be linked to agriculture related activities".
  • 11:29 amArun Jaitley "Save girl child, educate girl child programme will be launched".
  • 11:28 amArun Jaitley "Visibly challenged persons to get special attention. Rs.100 crore will be spent on women safety in large cities".
  • 11:26 amArun Jaitley "PPF has a large amount of unclaimed money. I propose to set up a commission to look into the utilization of this money".
  • 11:25 amArun Jaitley "New schemes for SC, STs and senior citizens".
  • 11:24 amArun Jaitley "Rs. 500 crore for Deen Dayal Upadhyay rural electrification programme. Sardar Patel statue work will be completed in Gujarat".
  • 11:22 amArun Jaitley "PM irrigation project and clean India movement will be introduced. Second scheme will be named after Mahatma Gandhi".
  • 11:21 amArun Jaitley "E-Visas to be allowed at 9 airports across India".
  • 11:20 amArun Jaitley "Government wants to reduce the pressure on banking system".
  • 11:18 amArun Jaitley "FDI in defence sector would be 49%. In Insurance, it will be increased to 49%".
  • 11:17 amArun Jaitley "Want to promote FDI selectively".
  • 11:16 amArun Jaitley "All restrospective tax cases to be scrutinised by high-level commission".
  • 11:15 amArun Jaitley "India needs a boost for job creation. We are buying substantial part of our defence equipments from foregin players".
  • 11:14 amArun Jaitley "Enlarge the scope of tax tribunals. It will help speedy disposal of tax disputes".
  • 11:12 amArun Jaitley "We are targetting 7-8% growth rate. Lack of rain a worry".
  • 11:11 amArun Jaitley "Will streamline taxation and avoid harrassment. This government will not bring any restrospective amendments".
  • 11:10 amArun Jaitley "A new Urea policy would be formulated".
  • 11:09 amArun Jaitley "Govt will constitute an Expenditure management commission".
  • 11:09 amArun Jaitley "Finscal deficit is indeed daunting. Fiscal deficit is 3.6% for the current year and 3% for next year".
  • 11:06 amArun Jaitley "We can't spend beyond our needs. Fiscal prudence is of paramount importance".
  • 11:05 amArun Jaitley "Large population of India are below the poverty line. We need to ensure that they will be taken care of".
  • 11:03 amArun Jaitley "fortunately there are green shoots of recovery in global economy"
  • 11:02 amArun Jaitley "slow decision making has resulted in loss of opportunities. Country is in no mood to suffer unemployment".
  • 11:02 amArun Jaitley starts his Budget presentation. Says the people of India have decidedly voted for a change.
  • 10:59 amFinance minister Arun Jaitley reaches the Parliament building to present his government's maiden Budget.
  • 10:55 am
  • 10:52 amCongress leader in Lok Sabha Mallikarjuna Kharge "Modi must give good Budget. Simply talking won't help.We ask him to implement his promise"
  • 10:48 amParliament meets at 11 o'clock. Finance minister Arun Jaitley to present his maiden budget in the Lok Sabha.
  • 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

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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