01:20 PM : Mr. Jaitley end his budget speech....
01:10 PM
"These are healthy measures" Jaitley
- Increase on excise on cigarettes, Panmasala and tobacco related products
- 5% additional duty on sugar containing aerated drinks (Read Pepsi and cocacola drinks)
01:00 PM
Basic custom duty on LED panel below 19 inch made nil: Jaitley
Soaps and oils to become cheaper with decrease in duty on Palm oils
12:59 PM
Export duty on Bauxite increased from 10% to 20%
Food Processing excise duty reduced from 10% to 6% in order to facilitate a better environment for food processing
12:50 PM
60 more 'Ayakar Sewa Kendras' to be set up.
12:49 PM
Housing loan rebate to raised from 1.5 lakh to 2 lakh: Jaitley
12:48 PM
Govt to provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 crore in plant and machinery.
12:46 PM
Young Leaders Programme to be set up with Rs 100 crore.
12:46 pm: Propose to increase investment limit under Section 80C from Rs.1 lakh to Rs.1.5 lakh: FM.
12:46 pm: Tax exemption limit for senior citizens changed from Rs.2.5 lakh to Rs.3 lakh: FM.
12:45 pm: Tax exemption limit for small and marginal, and senior tax payers changed from Rs.2 to Rs.2.5 lakh: FM.
12:44 pm: Do not propose to make any changes in tax rate: FM.
12:43 pm: Impact of tax changes have been factored: Arun Jaitley.
12:42 pm: I propose to give some relief to taxpayers and some sectors of the economy: Arun Jaitley.
12:41 pm: Had to encounter challenge of extremely limited fiscal space in deciding tax policy: FM.
12:40 pm: I propose Rs.200 crore for power reforms, and Rs.500 crore for water reforms in Delhi: Arun Jaitley.
12:35 PM
Rs 100 crore for training of sportspersons for upcoming Asian Games.
12:34 PM
Sports university to be set up in Manipur, Rs 100 to be provided for this.
12:32 PM
Biotech clusters to be set up in Bangalore and Faridabad.
12:32 PM
Meanwhile, Sensex has declined over 300 points in late morning trade.
12:31 PM
An NRI fund for conservation of river Ganga to be set up.
12:31 PM
World class convention facilities to be developed through PPP mode.
12:31 PM
FM announces 'Namami Ganga', an integrated Ganga Development Project; Rs 2037 crore set aside for this.
12:30 PM
Annual PPF ceiling to be raised to Rs 1.5 lakh, from Rs 1 lakh.
12:30 PM
Hope to implement Goods and Service Tax this year: Jaitley
12:28 PM
Rs 2.29 lakh crore allocated for defence sector.
12:27 PM
Rs 1,000 crore for 'one rank, one pension' scheme.
12:27 PM
War memorial to be set up along with a war museum; Rs 100 crore set aside for this.
12:26 PM
A War Memorial to be constucted in Princess Park: FM
12:23 PM
RBI will create framework for licences of small banks: FM
12:22 PM
There should be at least 2 bank accounts in each household: FM
12:22 PM
Govt to provide all households with banking facilities to empower the weaker sections.
12:20 PM
Bank to be encouraged to give long term funds and loans to infrastructure sector.
12:19 PM
Uniform KYC across the finance sector.
12:18 PM
Rs 3600cr set aside for National Rural Drinking Water: FM
12:16 PM
Retrospective tax amendment to be undertaken with extreme caution, Jaitley says
12:16 PM
Financial sector is at the heart of the growth engine, Jaitley says.
12:15 PM
Revision of rate of royalty on minerals to be taken up on request from the states.
12:15 PM
Ultra modern solar power plants to be set up.
12:13 PM
In order to complete gas grid, 15000km of additional pipeline to be developed through PPP mode.
12:12 PM
New and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore.
12:12 PM
Impasse in coal sector will be resolved: FM
12:11 PM
'Jal Marg Vikas' project on river Ganga
Rs 4200 crore set aside for 'Jal Marg Vikas' project on river Ganga connecting Allahabad to Haldia, over a distance of 1620km.
12:09 PM
New airports to be developed through PPP mode in tier-II and tier-III cities.
12:09 PM
16 new ports to be set up. Rs 11,000 crore to be allocated for this.
12:08 PM
Rs 200 crore allocated for 6 more textile clusters in Rae Bareily, Lucknow, Surat and Bhagalpur.
12:07 PM
Slum development to be included in Corporate Social Responsibility activities.
12:06 PM
Trade facilitation centre to promote handloom work in Varanasi.
12:06 PM
India has emerged as the largest PPP market in the world.
12:05 PM
BJP MPs taunt to Cong MPs: Learn to listen now.
12:04 PM
6 more textile clusters to be set up: FM
12:03 PM
Govt to take effective steps to revive SEZs: FM
12:03 PM
Rs 100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues.
12:01 PM
Gvot to set up Industrial Smart Cities in 7 cities.
11:59 AM
Jaitley is reading his Budget speech sitting down.
11:59 AM
Jaitley asked to sit and speak by the Speaker, after he complains of shortness of breath.
11:56 AM
Govt will initiate scheme to provide a soil health card; Rs 100 cr set aside for this. Rs 56 crore for soil testing labs across the country.
11:54 AM
Govt to provide finance to 5 lakh landless farmers through NABARD: FM
11:46 AM
House adjourned for 5 minutes by the speaker. A first of a kind move as asked by Jaitley
11:44 AM
Rs 100 crore for modernisation of madrasas: FM
11:43 AM
Development of Metro rails in PPP mode; Rs 100 crore set aside for Metro scheme in Ahmedabad and Lucknow.
11:43 AM
FTII Pune, SRFTI Kolkata will be accorded the status of institute of national importance, says Jaitley.
11:42 AM
Lok Nayak National Centre for higher education.
Rs. 4000 cr. to be set aside for low cost housing projects
11:41 AM
Madam Mohan Malviya scheme for teacher training.
11:41 AM
Rs 500 crore for digital India programme to ensure broadband connectivity at village level, transparency in governance.
11:36 AM
5 more IITs to be established
5 new IIMs to be established
New AIIMS in Andhra, Maharashtra, Madhya Pradesh and Purvanchal: FM
11:35 AM
FM: Rs 3600 crore set aside for National Rural Drinking Water.
11:34 AM
Govt to set up 4 more AIIMS: Jaitley This will be followed by 12 new Govt. Medical colleges after discussion with states.
Going Forward further more AIIMS would be added to all the states
11:33 AM
Meanwhile, the Sensex is down more than 150 points. (Reuters)
11:32 AM
Crisis Management Centre for women at Delhi, money to be provided from Nirbhaya fund: FM
11:31 AM
Jaitley announces 'Beti padhao, beti badhao yojana', sets aside Rs 100 crore for this.
11:29 AM
Jaitley announces schemes for disabled persons in the country.
11:29 AM
EPFO will launch a unified account scheme for portability of Provident Fund accounts: FM
11:28 AM
A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised: Jaitley
11:28 AM
15 new Brail presses to be established and revival of 10 existing announced.
11:28 AM
The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this: FM
11:28 AM
The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this: FM
11:28 am: Rs.50,548 crore proposed for SC development: Jaitley.
11:27 am: Rs.200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion: Jaitley.
11:26 am: Govt committed to providing 24/7 power supply to all homes: Jaitley.
11:25 am: Total sanitation goals to be achieved by 2019: Jaitley.
11:27 AM
Rs 200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion: Jaitley
11:25 AM
Arun Jaitley: Rs 500 crore for Deen Dayal Upadhyay rural electrification programme
'Pradhanantri Krishi Sichayin Yojana' to be started for irrigation: Jaitley
A national multiscale programme called Skill India to be introduced to provide training and support for employment
Visa rationalisation : In order to give major boost to tourism, E-visas would be introduced at 9 airports. This will facilitate visas on arrival
11:25 AM
Government intends to cover every household in the country by 2019: Jaitley on sanitation
11:25 AM
Total sanitation goals to be achieved by 2019: FM
11:24 AM
Govt committed to providing 24/7 power supply to all homes: Jaitley
11:24 AM
Meanwhile, Nifty is unchanged, trading 0.2% higher. (Reuters)
11:23 AM
Pradhan Mantri Krishi Sichayin Yojana to be started for irrigation: FM
11:22 AM
We look forward to lower inflation, FM says
11:24 AM
Meanwhile, Nifty is unchanged, trading 0.2% higher. (Reuters)
As large number of people migrate to cities, unless new cities are developed the present would become unliveable: Jaitley.
We will examine proposal to give additional autonomy to banks and make them more responsible: Jaitley.
Financial stability is the foundation of our recovery: Jaitley.
FM proposes measures to encourage development of smart cities: Jaitley.
India is the largest buyer of defence equipment: Jaitley.
India needs boost in manufacturing sector: Jaitley.
FDI is several sectors provides additional resources: Jaitley.
Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation.
11:23 AM
Pradhan Mantri Krishi Sichayin Yojana to be started for irrigation: FM
11:22 AM
We look forward to lower inflation, FM says
11:22 AM
Skill India programme to provide training and support for employment to be introduced: FM
Rs. 7060 Cr. allocated for City development of 100 cities
As large number of people migrate to cities, unless new cities are developed the present would become unliveable: Jaitley.
We will examine proposal to give additional autonomy to banks and make them more responsible: Jaitley.
Financial stability is the foundation of our recovery: Jaitley.
FM proposes measures to encourage development of smart cities: Jaitley.
India is the largest buyer of defence equipment: Jaitley.
India needs boost in manufacturing sector: Jaitley.
FDI is several sectors provides additional resources: Jaitley.
Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation.
11:20 AM
I propose Rs 7060 crores for the development of 100 smart cities: Jaitley
11:19 AM
eE-Visas to be introduced at 9 airports: FM
11:19 AM
We will examine proposal to give additional autonomy to banks and make them more responsible: FM
11:18 AM
PSUs to play their role constructively: FM
11:17 AM
Jaitley proposes measures to encourage development of smart cities
I propose to strengthen authority for advance ruling in tax: Jaitley
11:16 AM
FM announces FDI in defence up from 26 to 49 % with Indian management and control
11:15 AM
This govt will not ordinarily change policies retrospectively which creates a fresh liability: Jaitley.
GST will streamline tax administration and result in higher tax collection for center and states: Jaitley.
A new urea policy would be formulated: Jaitley.
We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional: Jaitley.
India is an extensive buyer of defence equipment: FM
11:15 AM
India needs a boost for job creation: FM
11:14 AM
I propose to strengthen authority for advance ruling in tax: FM
11:14 AM
Goods and Services tax wait should come to end: FM