MARKETS LIVE

JAITLEY: EDUCATION CESS TO CONTINUE AT 3%FM: HOUSING LOAN INTEREST EXEMPTION INCREASED TO `2 LAKHFM: TO UP PERSONAL INCOME TAX EXEMPTION TO `2.5 LAKHSFM: 80C EXEMPTION LIMIT INCREASED TO `1.5 LAKHSPERSONAL INCOME TAX EXEMPTION LIMIT TO BE HIKED BY `50,000FM ANNOUNCES `100 CR FOR DEVELOPMENT OF ARCHAEOLOGICAL SITESFM:PROGRAMME FOR DISPLACED KASHMIRI MIGRANTS WITH `500CR TO BE STARTEDFM: YOUNG LEADERS PROGRAMME TO BE SET UP WITH `100 CRFM ALLOCATES `100CR TO SET UP A SPORTS UNIVERSITY IN MANIPURFM: `2037CR ALLOCATED TO CLEANING OF RIVER GANGA

Live: Personal income tax exemption limit raised from Rs 2 lakh to Rs 2.5 lakh

LIVE UPDATE
  • 12:58 pmProvide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 crore in plant and machinery
  • 12:57 pm60 more Ayakar Sewa Kendras to be set up in the country
  • 12:57 pmTo extend 10-year holiday to power generating companies
  • 12:57 pmInvestment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh
  • 12:57 pmProvide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 cr in plant and machinery
  • 12:45 pmArun Jaitley "Housing loan interest exemption increased to Rs.2 lakh from Rs.1.5 lakh".
  • 12:44 pmArun Jaitley "No change in tax rate. Personal Income tax limit to be raised to Rs. 2.5 lakh and Rs.3 lakh for senior citizens".
  • 12:40 pmArun Jaitley - Budget estimates - non tax revenue Rs. 2,12,544 crore
  • 12:38 pmArun Jaitley - Budget estimates - non-plan 12,19,892 Crore
  • 12:37 pmArun Jaitley "Delhi's power problems will be solved. Power and Water distribution will be reformed".
  • 12:36 pmArun Jaitley "North - East will get a separate Television channel".
  • 12:36 pmArun Jaitley "National Centre for Himalayan Studies will be set up in Uttarakhand. Organic farming will be promoted in North East".
  • 12:34 pmHimalayan states like J&K, Himachal Pradesh and Uttarakhand will get various benefits.
  • 12:33 pmArun Jaitley "various track and field sporting activities will be encouraged. Manipur to get a Sports University. Rs.100 crore will be spent
  • 12:32 pmArun Jaitley "Rs 2037 Crore for saving Ganga river. River will be cleaned".
  • 12:29 pmArun Jaitley "Annual Provident Fund limit will be increased to Rs.1.5 lakh".
  • 12:28 pmArun Jaitley "Allocation for the Defence sector would Rs.2.29 lakh Crore".
  • 12:27 pmArun Jaitley "Goa has emeged as a major internation convention centre. Need to build a world class facility based on PPP model there".
  • 12:23 pmArun Jaitley "War memorial will be constructed at the Princess Park".
  • 12:22 pmArun Jaitley "modernisation of armed forces is important. Rs.5000 crore will be spent on this. It is above the budget allocation".
  • 12:20 pmJaitley's budget is focussing on urban infrastructure. Lot of focus on rural economy. Implementation is a big challenge.
  • 12:16 pmArun Jaitley "11,635 crore harbour projects".
  • 12:13 pmArun Jaitley "Mining related issues will resolved. Policy will be looked into".
  • 12:11 pmArun Jaitley "More focus will be on civil aviation. On airports. New and renewable energy will be given priority".
  • 12:05 pmArun Jaitley "To revive Handicraft - Handloom, we will have a PPP model".
  • 12:04 pmArun Jaitley is talkng about boost to industrial sector in small towns and rural areas. Has announced various schemes.
  • 12:03 pmArun Jaitley "Rs.10,000 crore venture capital fund will be set up to attract new entrepreneurs".
  • 12:00 pmArun Jailey " Bangalore - Mumbai infrastructure corridor will be completed on time".
  • 12:00 pmLot of focus on rural areas and agriculture in this Budget. Finance minister has announced several schemes.
  • 11:59 amArun Jaitley "Kisan television will be set up for the benefit of farmers. It will give real time information on advanced agriculture system"
  • 11:59 amArun Jaitley's Budget 2014 announces several schemes to revive agriculture sector
  • 11:56 amArun Jaitley "Long term credit policy for rural areas".
  • 11:56 amArun Jaitley "Warehousing capacity will be increased. Rs.5000 crore will be set aside for this".
  • 11:55 amManufacturing units will be allowed to sell their products through retail and e-commerce, says Arun Jaitley. The move will give a boost to e-commerce in India.
  • 11:54 amArun Jaitley "Price volatality in agriculture is a great concern. Rs.500 crore fund will be set up for price stabilization".
  • 11:52 amFinance minister Arun Jaitley is unwell. Speaker allows him to sit and continue budget presentation.
  • 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".

What’s Cheaper

LED, LCD TVs below 19 inches, Footwear

What’s Dearer

Coming up

Budget Highlights

  • 60 more Ayakar Sewa Kendras to be set up in the country
  • To extend 10-year holiday to power generating companies
  • Provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 cr in plant and machinery
  • Investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh
  • Housing loan interest exemption increased to Rs 2 lakh from Rs 1.5 lakh
  • Personal income tax exemption limit raised from Rs 2.5 lakh to Rs 3 lakh for those above 60 years
  • Personal income tax exemption limit raised from Rs 2 lakh to Rs 2.5 lakh for those below 60 years, no changes in rates
  • Rs 100 crore for modernisation of madrasas
  • Plan Expenditure At Rs 5.75 lakh crore For 2014-15
  • Rs 100 crore for Varanasi-Gaya-Saranath Buddhist circuit; Gaya to be developed as world class tourism spot
  • To have one integrated DEMAT Account; inter-usable KYC norms
  • National Sports Academy to be setup in different cities, Sports University in Manipur
  • Arun Jaitley announces 'Namami Ganga, an integrated Ganga Development Project; Rs 2037 crore set aside for this
  • RBI will create framework for licences of small banks
  • Left-wing extremist activity areas to get additional allocation for their development
  • War Memorial and War Museum to be set up at a cost of Rs 100 crore, National Police Memorial at a cost of Rs 50 crore
  • Arun Jaitley announces Rs 2,29,000 crore for Defence Budget
  • To provide all households with banking facilities to empower the weaker sections; there should be atleast 2 bank a/cs in each household
  • To strengthen and modernise regulatory framework in financial sector to meet challenges of increasing complex economy
  • Earmarks Rs 7,060 crore to create 100 Smart Cities
  • Rs 11,000 crores for development of ports
  • 5 new IITs, 5 IIMs and 4 AIIMS to be set up
  • To set up Industrial Smart Cities in 7 cities
  • Aims for sustained growth of 7-8 per cent in the next 3-4 years
  • Fiscal deficit seen at 3.6 per cent of GDP in 2015/16
  • Bank capital to be raised through retail sale of shares; Government to hold majority in PSU banks
  • Aims to approve goods and services tax by the end of this year
  • Will not change rules on retrospective taxation
  • Raises limit on foreign direct investment in defence sector from 26 per cent to 49 per cent
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