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Union Budget 2015 live: Finance Minister Arun Jaitley calls Jan Dhan Yojna, transparent coal auctions, Swachh Bharat big achievements

LIVE UPDATE
  • 11:19 am

    Education needs to improve in terms of quality.  


  • 11:19 am

    Good health a necessity for growth. Medical opportunities in villages a vital need.


  • 11:18 am

    Aim to complete electrification by 2020 in vilalges that are still lacking power. 


  • 11:17 am

    Vision of team India is guided by Central government. By 2022 we aim at housing for all. 


  • 11:16 am

    Growth for 2015-2016 expected to be at 8-8.5 per cent: FM 


  • 11:16 am

    Our actions have not only being confined to core & macro economic areas alone: FM


  • 11:15 am

    FM discusses the achievements of the governemnt. The three main achievements are the success of Jan Dhan Yojna, Transparent coal auction, Swachh Bharat  


  • 11:13 am

    Our objective is to improve quality of life and to pass benefits to common man: FM


  • 11:13 am

    States are equal partners in Economic growth: FM


  • 11:13 am

    World is predicting it is India's chance to fly: Finance Minister


  • 11:12 am

    People in India have voted for change, for faster growth, for corruption free India: FM


  • 11:12 am

    Objective is to improve quality of life and to pass benefits to common man: FM


  • 11:11 am

    The Rupee has become stronger against other currencies: Jaitley 


  • 11:10 am

    The latest CPI inflation is 5.1 percent: Jaitley


  • 11:10 am

    Kuch toh phool khilaye humne, kuch toh phool khilane hai, par baagh mei abhi kaatein purane hai: Jaitley 

     


  • 11:10 am

    States economically empowered more than ever before: Jaitley


  • 11:09 am

    The credibility of the Indian econmomy has been established: Jaitley


  • 11:09 am

    When the other countries are facing challenges, India is about to move at a faster growth: Jaitley


  • 11:08 am

    States economically empowered more than ever before: Jaitley


  • 11:08 am

    India to take off on a faster growth trajactory: Jaitley


  • 11:07 am

    Finance Minister Arun Jaitley presents Union Budget 2015-16 in Parliament


  • 11:07 am

    Lok Sabha session begins.


  • 11:00 am

    Cabinet approves Union Budget 2015-16. It will be presented by Arun Jaitley in Parliament at 11 am.


  • 10:56 am

    Budget papers at Parliament


  • 10:34 am

    Cabinet meet begins to approve Finance Minister Arun Jaitley's Budget 


  • 10:27 am

    CPM leader MB Rajesh: Government is silent on concessions to foreign and National Companies. Roll back of subsidies is nothing new. Subsidies is not a big problem, the government is painting in a different way.


  • 10:25 am

    Former chief economic adviser Dr. Shankar Achraya: Do not remember when the last fertiliser prizes had been increased. We have to do something on the subsidies. Moving the LPG to direct cash is one step. Not surprized if there is an announcement on LPG that certain section is not required to get subsidy on LPG.


  • 10:19 am

    The Big questions from the Budget are:

    1. How will the government kick start manufacturing? 
    2. Will they be able to boost capital formation and investment in infrastructure? 
    3. Can the government make changes in personal tax and boost savings?
    4. Will the government remove retro tax, reduce mat and correct the inverted duty structure? 
    5. Will we see an overhaul of subsidies to curb losses? 
    6. Will we see a clear roadmap for implementation of GST?
    7. How will the 'Swachh Bharat' goals be funded? 
    8. Will startups get a policy boost? 


  • 9:44 am

    Former President APJ Abdul Kalam tweets his Budget expectations, says "I wish a #Budget2015 which focuses on two things..equitable education and quality health care for all..This is best investment we can make."


  • 9:42 am

    "A budget 'Made in India' will 'Make India', strengthening all sections of society. All inclusive,policy driven, measurable,accountable," tweets BJP leader Kiran Bedi. 


  • 9:38 am

    Cabinet meeting to be held at 10:15 am for approval of the Union Budget


  • 9:27 am

    Ahead of Union Budget 2015, Sensex opens over 200 points up, Nifty up by over 70 points in opening trade 

     


  • 9:19 am

    Jaitley has reached the President's House before he presents the Budget in Parliament today


  • 9:18 am

    Arun Jaitley carrying his briefcase of Budget documents outside his office in North block. Along with him is Minister of State for Finance Jayant Sinha 


  • 9:16 am

    Finance Minister Arun Jaitley to present his first full budget for the Narendra Modi-led government today!


What’s Cheaper

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What’s Dearer

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Budget Highlights

  • Analysts warn that Indian stocks are overvalued and that equity markets could see a sell off of 6-8 per cent if the pro-growth measures in the budget fall short of expectations.
  • In 2014, Jaitley had raised the personal income tax exemption limit by Rs 50,000 to Rs 2.50 lakh and also raised by same amount the exemption from payment of I-T on savings to Rs 1.50 lakh.
  • He is expected to unveil initiatives to boost investments by corporates and promote manufacturing as part of the 'Make In India' campaign.
  • He is also likely to pursue the path of fiscal consolidation and keep the fiscal deficit target at 3.6 per cent of GDP, down from 4.1 per cent expected in 2015.
  • There is expectation that the Finance Minister could raise tax slabs or hike investment limit in saving instruments.
  • The Finance Minister is likely to pursue the path of fiscal consolidation and keep the fiscal deficit target at 3.6% of GDP, down from 4.1% expected in 2015.
  • The Budget being hyped as a 'make or break' exercise, is widely expected to unveil sops for tax payers while pushing forward the 'Make In India' campaign.
  • Expectations for a shift in expenditure from subsidies to infrastructure sky high among investors
  • Ahead of Union Budget 2015, Sensex opens over 200 points up, Nifty up by over 70 points

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