11 years ago
In Battle Over PM Modi's Aide, BJP Wins Over Mayawati, MamataIn a political row over its bill to legitimize the appointment of former telecom regulator Nripendra Misra as Prime Minister Narendra Modi's principal secretary, the ruling BJP today won over key opposition parties, leaving the Congress isolated in Parliament.
TRAI Bill clearing appointment of former telecom regulator as PM's Principal Secretary passed in Lok Sabha
TRAI Bill passed by voice vote in Lok Sabha, clearing the way for the appointment of former telecom regulator Nripendra Misra as Prime Minister Narendra Modi's Principal Secretary
Row in Parliament Over Journalist's Meeting With Hafiz SaeedThe controversy over a meeting between 26/11 mastermind Hafiz Saeed and a journalist close to yoga teacher Ramdev today sparked a major row in Parliament.
"As far as India is concerned, and the Government of India is concerned, unquestionably Hafiz Saeed is a terrorist who has conspired against this country, and has indulged in actual acts of conspiracy. The Government of India has nothing to do, not directly, not indirectly, not even remotely with any journalist in his individual capacity": Arun Jaitley on row over yoga guru Ramdev's aide's meeting with 26/11 mastermind Hafiz Saeed.
Rajya Sabha adjourned till noon as ruckus continues over a meeting between 26/11 mastermind Hafiz Saeed and journalist Ved Prasad Vaidik, who is close to yoga teacher Ramdev.
Rajya Sabha adjourned for 15 minutes after ruckus over a meeting between 26/11 mastermind Hafiz Saeed and journalist Ved Prasad Vaidik, who is close to yoga teacher Ramdev
That was Budget 2014. The Sensex and Nifty careened wildly all day, finally ending in the red. The BJP's political opponents have been unimpressed by Mr Jaitley's Budget and there were mixed reactions from India Inc.
On a final note, an opinion from columnist Ashok Malik - he describes the Budget as astute and realistic. Click here to read
On a final note, an opinion from columnist Ashok Malik - he describes the Budget as astute and realistic. Click here to read
Arun Jaitley defends his 100-crore club: This is the beginning of a process. There are a few steps that are directional and these are part of a roadmap
Arun Jaitley to NDTV: I wish I could give more tax exemption to the middle-class
Arun Jaitley on defence: Will be an area for manufacturing to look at. Why not have an Indian company, with the foreigner having 49%?
Arun Jaitley to NDTV: Willing to clarify any ambiguity on REITs
Mr Jaitley to NDTV: Did not want to deviate from Mr Chidambaram's targets. In a couple of years, it is certainly possible to get deficit to around 3%
Arun Jaitley to NDTV: Public private partnership (PPP) is the ideal vehicle for infrastructure build-up
Mr Jaitley on inflation: I have been monitoring figures and substantially it is food. In that, it is milk, protein-related items, onions and potatoes. We have created a strong framework, trying to arrest at an early stage the increase in prices of onions and potatoes
Arun Jaitley to NDTV: If you have moderate interest rates, we can have a pre-2004 situation where paying an EMI was cheaper than paying rent
Mr Jaitley on subsidies: It is an area on the agenda. Improvement on reforms is an on-going process
Arun Jaitley to NDTV: Hoping there are no new cases on retrospective taxation
Arun Jaitley to NDTV: We have to take a considered decision between an "ideal" GST and a "good" GST
Arun Jaitley on retrospective tax: The cases that are there are already in court and they will sort themselves out. We will accept the verdict of the courts
Mr Jaitley to NDTV: My agenda for 45 days was 'let me address the immediate.' Several items were left on the table undecided or by the past government in a complicated form
Arun Jaitley to NDTV: Our tax policy will be stable
Arun Jaitley on the series of schemes in the Budget: India is a very complex nation. There are the economists, the states, the regions. You have to cater to everyone
Arun Jaitley to NDTV: I have tried not to burden any section of the people unfairly
Finance Minister Arun Jaitley to NDTV: Budget is the beginning of the journey. It addresses immediate concerns.
Budget Addresses Crucial Issues: Rana Kapoor
Rana Kapoor, President of Assocham and MD & CEO of Yes Bank, says Arun Jaitley in the Budget addresses three "crucial issues of growth, fiscal consolidation and inflation management for the short, medium and long-term perspective".
Rana Kapoor, President of Assocham and MD & CEO of Yes Bank, says Arun Jaitley in the Budget addresses three "crucial issues of growth, fiscal consolidation and inflation management for the short, medium and long-term perspective".
Extreme drama on Dalal Street: Markets see-saw wildly through the day, close in the red
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Arun Jaitley's first budget promises a lot for health sector.Aims to keep people happy by taxing tobacco more.Job creation a focus.Congrats.
- Dr. Harsh Vardhan (@drharshvardhan) July 10, 2014 RBI chief Raghuram Rajan: Longer term, building infrastructure is a big challenge
RBI chief Raghuram Rajan: Inflation and stressed assets are immediate concerns and hopefully we are getting a handle on this.
RBI chief Raghuram Rajan: I believe growth will be stronger over the course of this year and hopefully it will bring down NPAs of banks.
RBI chief Raghuram Rajan: Hopefully the consumer inflation comes down to 8% by the end of this year and 6% by the end of next year.
RBI chief Raghuram Rajan: Controlling inflation is paramount. It is just not work of just the RBI. The government can also take steps.
A budget can't be a laundry list of assorted 100-crore sops to various constituencies: where's the vision and a clear policy direction?
- Shashi Tharoor (@ShashiTharoor) July 10, 2014 J Jayalalitha welcomes the Budget, calls it forward-looking
Can't have islands of prosperity, need oceans of prosperity. Development should not just be top down but bottom up approach: Congress' Jyotiraditya Scindia
#Budget2014 is a validation of our commitment to 'Sabka Saath, Sabka Vikas'. It's a tool for India's positive growth and rapid development.
- Vijay Goel (@VijayGoelBJP) July 10, 2014 It's not the UPA vs the NDA, the factor is the Indian economy: Arun Jaitley on the 4.1% fiscal deficit target
This Budget is a direction. People in salary brackets have received incentives. Have given an investment allowance: Finance Minister Arun Jaitley post-Budget
Winner of #AskVikram #Contest is @PriyankaMakhij1 . Congratulations on winning an iPad Mini. T&C apply:
This is a Budget that converts hopes and aspirations of the people into trust; new ray of hope for the poor and downtrodden, said Prime Minister Narendra Modi
@rashtra_prem Budget has provided for Infrastructure investment trust & 100cr for technology development fund:@seshadrichari, BJP #AskVikram
There's no roadmap in this Budget, says former Prime Minister Dr Manmohan Singh. As Finance Minister in the PV Narasimha Rao government, Dr Singh presented 5 Budgets between 1991 and 1996
Here's Dr Singh's opinion of Arun Jaitley's Budget
Here's Dr Singh's opinion of Arun Jaitley's Budget
Here are the correct answers for the last 3 Qs of #AskVikram #Contest :
4. Indira Gandhi
5. 10
6. 5 each
"No mention of either special status or special package for Bihar as was promised before the election," Nitish Kumar told the press in Patna. He described the Budget as 'disappointing'
Growth-oriented Budget with emphasis on manufacturing and agriculture: Apollo Group's Sangita Reddy
Here are the correct answers for the first 3 Qs of the #AskVikram #Contest:
1. Jawahar Lal Nehru
2. Tax Deducted at Source
3. 1973-1974
Opinion on this Budget is divided into two - many say that more was expected from a government elected on the plank of development, others say it is a realistic Budget.
This Budget has understood the diversity of India. Most interesting to me is the Rs 10,000 crores allocated to building entrpeneurship: Future Group's Kishore Biyani
Your Budget Cheat-Sheet: Click here for the 10 big announcements
The retrospective tax law stays, says Arun Jaitley. Vodafone decides to push ahead with international arbitration in tax dispute
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The Congress has been sloganeering for the last 10 years. We will walk the talk and we will deliver: BJP's Prakash Javadekar responds
In the NDTV-CII studio, spokespersons from the Congress, Left and Trinamool declare themselves unimpressed by the Budget. It doesn't deliver on pre-election promises, said Left leader Brinda Karat
Thank you everyone for taking part in our quiz today. The #AskVikram #Contest is now closed. Winner to be announced soon.
Markets reaction is confusing because the Budget is confusing, says Congress' Veerappa Moily
The Budget addresses all question on agriculture quite comprehensively. One thing I didn't notice is allocation for godowns and storage but on the whole Arun Jaitley has done as much as he can: M S Swaminathan, pioneer of India's 'Green Revolution'
@rajendrashegde @arunjaitley Tried to balance inflation, growth.Big Bang Budget may come in Feb 2015: @mkvenu1, Journalist #AskVikram
#Budget2014 listless,visionless,no gameplan,huge disappointment.This was UPA3 Budget.Spending on memorials instead of social sector.
- Mayank Gandhi (AAP) (@mayankgandhi04) July 10, 2014 The government doesn't want to put any money into its schemes, in the name of controlling the deficit: Brinda Karat of the Left
The markets can't decide if they like this Budget. The Sensex and Nifty plummeted during the Budget speech, rose after the speech ended, and are now in the red again
Adi Godrej describes both the Budget speech and proposal as 'excellent,' says it needs a bit of tweaking
@rajendrashegde Balanced but not visionary budget. More specific roadmap was needed: @gurcharandas, Author #AskVikram
There is real concern about how little has been done for agriculture in a country that is 67% rural, says Shashi Tharoor about the Budget
#Budget2014 Many new projects/schemes/funds announced for North Eastern States & Telangana to propel their growth.
- Anurag Thakur (@ianuragthakur) July 10, 2014 The Finance Minister's 100 crore club. Read all about it here
Last question is out. 30mins to go for the #Contest to close. Tweet your answers using #AskVikram to win an iPad Mini.
Lots of petty sops but no big decisions in the Budget, says Congress' Shashi Tharoor
Adi Godrej on REITs: It will benefit real estate players which deal with commercial properties but we have to see the fine print
Shweta Rajpal Kohli: @DocInTheDock1 Yes @kiranshaw also felt more was needed for Health sector #AskVikram.
Where are the big ticket reforms, the Trinamool Congress wants to know
It's a realistic Budget. It takes into account where we are and what we inherit, says BJP spokesperson Nalin Kohli
I am happy with the Budget in totality but there was no bang, where is the question of a big bang?, says Rahul Bajaj who was in Parliament while Mr Jaitley was presenting the Budget
Adi Godrej on Budget: It is an excellent budget. I hope it will be followed up by more steps after Budget.
This is the first step in a game changer. It's not possible to deliver a big bang Budget in such a short time, says Mr Parekh
@pujneet 200cr is for unity statue,100cr war & 50cr for police memorial. Cultural institutions & need to be respected: Patra,BJP #AskVikram
Finance Minister Arun Jaitley has done a 'remarkable' job given the short time the new government has been in power: HDFC Chairman Deepak Parekh
Arun Jaitley: Will raise tax collection not by levying more taxes but by focusing on collection
Midway through presenting the Budget, Mr Jaitley took an unprecedented 5-minute break. He had severe back pain and had to deliver much of his speech sitting down
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Arun Jaitley: Reaching the 4.1% fiscal deficit target will be a big challenge. I have accepted the challenge.
The only way I can reach the target of 4.1% fiscal deficit is by collecting more taxes, says Mr Jaitley
Didn't have much sympathy for pan masala, cigarettes. There are health issues involved, says Finance Minister Arun Jaitley after presenting the Budget. Both these commodities are going to cost more
Arun Jaitley speaking after Budget: I wish I could do more for average tax payer
@praneetjain9 FM has done something with the import duty to encourage domestic manufacturing:Jagdish Khattar,CMD,Carnation Auto #AskVikram.
Budget reaction: Not a magical budget but fine print has a lot of positive steps with focus on investment and infrastructure: Ashish Dhawan of Central Square Foundation
#Contest Q6: How many new IITs & IIMs has the government announced in today's budget? Tweet your answers with #AskVikram & win an iPad Mini.
In a clear move to achieve fiscal consolidation and economic recovery the Union Budget has made many concrete announcements.
- Rajnath Singh (@BJPRajnathSingh) July 10, 2014 Here's what's going to cost more: cigarettes, radio taxi services, aerated drinks
@vikrantchoudhar I think it is a right step. It has to be a step by step process: P V Bhide, Former Revenue Secretary #AskVikram
Shubhada Rao of Yes Bank on Budget
Fiscal consolidation is a strong takeaway. The FDI in insurance and defence and focus on development programmes are a key thrust.
Fiscal consolidation is a strong takeaway. The FDI in insurance and defence and focus on development programmes are a key thrust.
'It's a good beginning': Shubhada Rao of Yes Bank on Budget
@pujneet Entire 200cr is not for the statue of unity,100cr is for war memorial, 50 cr goes for police memorial: Sambit Patra, BJP #AskVikram
Nothing new was introduced in the Budget. Expected something more imaginative from Arun Jaitley: Congress' Ashwani Kumar
@pujneet It's not just 500cr for 4 AIIMS.Huge amount of money has been pumped into medical sector: Sambit Patra, BJP Spokesperson #AskVikram
@IshreyasI PPF is also about tax rebate,so people have a choice between high yielding securities or take a tax rebate: Bhutani #AskVikram.
@IshreyasI Increase in PPF limit will mean that Provident Fund commissioner is able to channelise it into markets: Bhutani, BMR #AskVikram.
A quick look at what will cost less: oil, shoes, computers, small LCD TVs, mobile phones, precious stones
The good part of Arun Jaitley's Budget is that there is no bad news, says Satya Poddar of EY.
Have you answered #Contest Q5? Tweet your answers using #AskVikram to win an iPad Mini. Coming up next Q6
Market update: Sensex up over 450 points, Nifty above 7,700
The retrospective tax stays, said Mr Jaitley in his Budget. India Inc has said it's disappointed.
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First budget of a party in power that made big promises and got clear majority turned out to be a damp squib.
- Yogendra Yadav (@AapYogendra) July 10, 2014#Budget2014 In the circumstances & constraints, adroitly handled. Big thrust to infra, FDI, rural development, royalty. & oh yes, sin taxes!
- Baijayant Jay Panda (@PandaJay) July 10, 2014 Will markets still be up tomorrow morning? Don't be too sure, read the fine print, says India Inc
Budget reaction from UBS
Gautam Chhaochharia of UBS: Government's fiscal deficit commitment signals that taming inflation is an immediate priority over growth revival
Gautam Chhaochharia of UBS: Government's fiscal deficit commitment signals that taming inflation is an immediate priority over growth revival
DLF shares surge nearly 10% on tax pass through status for REITs
Mr Jaitley has been intelligent in not making too many promises. He has provided direction and left details to the ministries concerned, says Jagdish Khattar
Government aims for higher target from sale of its stakes in companies: PSU divestment mop-up target at Rs 43,400 crore, non-PSU divestment target at Rs 15,000. It is just a marginal improvement from interim budget's total target of Rs 57,000 crore.
By and large positive, but am disappointed that it's still too aspirational: Biocon's Kiran Mazumdar-Shaw on the Budget
Dalal Street cheers the Budget: Markets, which tanked during Mr Jaitley's speech, are up
Stock to benefit from higher FDI cap in insurance: Exide up 2%, Max India up 1%, Aditya Birla Nuvo surges nearly 4%
2/2 Negatives: Mumbai ignored, no roadmap for boosting manufacturing & employment. An insipid pill, neither bitter nor sweet #Budget2014
- Milind Deora (@milinddeora) July 10, 20141/2 #Budget2014 had slivers of reform, but was mostly old wine in a new bottle. Positives: fund for Himalayan studies & no retro taxes
- Milind Deora (@milinddeora) July 10, 2014 How much you can save on income tax sops given by Arun Jaitley
10% tax bracket - Nearly Rs 15000
20% tax bracket - Nearly Rs 25,000
30% tax bracket - Nearly Rs 35,000
10% tax bracket - Nearly Rs 15000
20% tax bracket - Nearly Rs 25,000
30% tax bracket - Nearly Rs 35,000
BJP's Sambit Patra calls it a 3P Budget - prudent, progressive, planning
#Contest Q5: How many Budgets has Morarji Desai presented? Win an iPad Mini by tweeting your answers with #AskVikram. Coming up Q6
So many committees announced, it seems like the government is putting tough decisions in the court of the people: Congress' Sachin Pilot
A lot has been said to include rural areas in expansion plans: Naresh Trehan
Infrastructure is so complex, a Budget cannot handle it: India Inc
Hero Motocorp's Pawan Munjal declines to rate Mr Jaitley's Budget but says it wasn't the big bang that India Inc expected
At a macro level, it's a prudent Budget. Lots of small concerns have been addressed: India Inc on the Budget
Mr Jaitley's Budget speech ends. Markets are up now
Shweta Rajpal Kohli: @rajendrashegde The ideal solution to curb inflation rates would be to control fiscal deficit and reform food market. #AskVikram.
Computers likely to cost more: Additional duty on imported computer components
Excise duty on Gukta raised to 70% from 60%
Vikram Chandra: Sharp recovery in the Sensex though! Up more than 400 points from the day's lows. #AskVikram
Shweta Rajpal Kohli: @greatvivek007 Government has abolished tax for income up to Rs. 2.5 lakhs. #AskVikram.
Footwear to get cheaper. Excise on footwear cut to 6% from 12% (under Rs 1000/pair)
Vikram Chandra: The who's- who of India inc is watching the speech in the NDTV studio. Can see a couple of them snatching a nap! #askvikram
Shweta Rajpal Kohli: @rajendrashegde Government has abolished tax for income up to Rs. 2.5 lakhs. #AskVikram.
Soft drinks to cost more. Duty imposed on aerated sugary drinks
Shweta Rajpal Kohli: @greatvivek007 Government has abolished tax on income up to 2.5lakhs. #AskVikram.
Cigarettes, pan masala to get dearer. Excise duty raised. Duty on cigarettes raised by 11-72%
The Budget so far: Mr Jaitley announced a series of Rs 100 crore schemes. These include technology development, Kisan TV, development of archaeological sites, sports university in Manipur, organic farming in the North East, employment centres and sports training for the Commonwealth and Asian Games
TVs to get cheaper: Customs duty cut to nil on import of LCD, LED Panels below 19 inch, colour picture tubes exempted from basic customs duty
#Contest Q4 is out. Use #AskVikram to tweet your answers and win an iPad Mini (T&C apply: ) Q5 coming up soon.
The Budget so far: Mr Jaitley raises exemption limit on income tax and long-term savings
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Some imported electronics goods to cost more. Educational cess to be imposed.
Get answers to your Budget related questions for @vikramchandra, @ShwetaKohliNDTV and our panel of experts. Tweet questions with #AskVikram.
10 year tax holiday for power companies who start production and distribution on March 31, 2017
Government to consider views on Direct Taxes Code (DTC)
Income tax exemption increased to Rs 3 lakh for senior citizens, from Rs 2.5 lakh
Tax exemption on interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh
Section 80C limit in income tax raised to Rs 1.5 lakh from Rs 1 lakh
Income tax exemption limit raised to Rs 2.5 lakh from Rs 2 lakh at present
No change in income tax rate
Plan expenditure at Rs 5.75 lakh crore vs Rs 5.55 lakh crore in interim budget
Non-plan expenditure increased to Rs 12.19 lakh crore vs Rs 11.10 crore in 2013-14
For rehabilitation of displaced Kashmiri migrants, Rs 500 crore allocated
Sports academies to be set up across India. Rs 200 crores to upgrade stadiums in Jammu & Kashmir. Rs 100 crores for a sports university in Manipur
Rs 100 crores to train sportspersons for the Commonwealth and Asian Games coming up
Rs 100 crores for ghat development and beautification of river fronts. NRI fund announced for the Clean Ganga programme
#Contest Q4: Who has been India's only woman Finance Minister? Tweet your answers using #AskVikram to win an iPad Mini. Q5 coming up soon
The Budget so far: Mr Jaitley sticks to fiscal deficit target of 4.1%. Click here to see what experts say
Rs 100 crore allocated for study on linking rivers
Defence allocation increased by Rs 5,000 crore to Rs 229,000 crore. In the interim budget, defence allocation was Rs 224,000 crore. Rs 1,000 crore separately for implementing one rank one pension
A special small savings scheme will be introduced for the education of the girl child
Vikram Chandra: @aksP1900 Let's wait and see. But he has warned that we cannot spend more than we earn.. #AskVikram
Annual PPF ceiling to be enhanced to Rs 1.5 lakh, from Rs 1 lakh
The Budget so far: Mr Jaitley on FDI in defence and insurance - click here to read
Vikram Chandra: @IamAkashDutta Need steps to have a more stable policy environment to encourage investment. Changes in the labour law too #AskVikram
Banks will be given more flexibility to extend long terms loans to infrastructure sector
Mr Jaitley proposes uniform KYC norms for all financial services and one demat account for all financial products
Meanwhile, India Inc watches Mr Jaitley deliver the Budget speech at the NDTV-CII Budget viewing room
Good directional stuff but no bold reforms announced by FM in #Budget2014 so far. Infact script sounds same as before! Hope Part 2 is better
- Kiran Mazumdar Shaw (@kiranshaw) July 10, 2014 Mining issues to be resolved on priority
Rs 500 crore for solar power development project in Tamil Nadu and Rajasthan
Investment in NHAI and state highways to the tune of Rs 37,887 crore, including Rs 3000 crore for North East
Airports to be developed in tier 1 and 2 cities, 16 new port projects to be awarded this year
Allahabad-to-Haldia Ganga waterway project announced
Mr Jaitley, who took an unprecedented 5-minute break because of back pain, has been delivering parts of the Budget speech sitting down
Rs 200 crores for 6 new textile clusters at Bareilly, Kutch, Surat, Mysore and Bhagalpur
Committed to providing wheat and rice at reasonable prices to the poor
Committed to reviving SEZs. Have enough central pool grain stock to handle weak monsoon
Government to undertake open market sales of food grain when required
Do you know the answer to #Contest Q3? Tweet your answers with #AskVikram to win an iPad Mini. Q4 coming up next.
Vikram Chandra: Steps so far: retrospective tax clarification, hikes in FDI in defence and insurance, GST commitment, revised tax administration #AskVikram
20 new industrial clusters announced
Finance to 5 lakh landless farmers through NABARD. Kisan TV to be launched this year
Government to expedite revamp of Food Corporation of India
Shweta Rajpal Kohli: @IamAkashDutta Boost for manufacturing and infrastructure, Fiscal defictit target, cutting subsidies. (2/2) #AskVikram.
Rs 5000 crores to boost long term investment in agriculture through NABARD
Shweta Rajpal Kohli: @IamAkashDutta Things to look out for in this budget: Retrospective Tax changes,Real estate inv trusts,Income tax relief (1/2) #AskVikram
Committed to sustaining 4% growth in agriculture, extend credit to joint farming groups
Rs 500 crore allocated for stabilizing prices of agricultural commodities
Mixed reactions from India Inc on the Budget so far. Mr Jaitley resumes his speech
Budget reaction: Bobby Parikh of BMR & Associates LLP says more action was expected on retrospective taxation
Budget reaction: Rahul Bhasin, Managing Partner at Baring Private Equity Partners India, says maintaining the fiscal deficit target at 4.1% is a very bold step
Meanwhile, Mr Jaitley is taking a five minute break from presenting the Budget, because of back pain
Rs 100 crores for modernising madrasas
Rs 4,000 crore set aside for NHB to encourage low-cost housing
Rs 100 crores for Metro projects in Lucknow and Ahmedabad
Market update: Sensex, Nifty fall over 1%
Rs 500 crores for setting up 5 more IIMs and IITs
Rs 100 crores to set up virtual classrooms
Each year government will be adding AIIMS to ensure there is an AIIMS in every state: Jaitley
Rs 3650 crores for providing safe drinking water
Plan to set up 4 more AIIMS in Andhra Pradesh, West Bengal, Vidharbha and Purvanchal. Rs 500 crore allocated
Special proposals for the visually-challenged, including currency notes printed with Braille-like signs
Rural housing: Rs 8000 crores for national housing banking programme
#Contest Q3: Which year's budget is known as ‘Black Budget’ in India? Use #AskVikram to answer and win an iPad Mini. Coming up Q4
MGNREGA programme to made more productive, allocation maintained for the programme
Women's safety: Rs 100 crores for Beti Bachao, Beti Padhao Yojana
Senior citizens pension plan extended till August 2015
Rs 150 crores for the Home Ministry to spend on women's safety
Rs 200 crores allocated to complete the building of a statue of Sardar Patel in Gujarat
PF body to launch unified accounts
The government is committed to the welfare of scheduled castes and tribes. Rs 200 crores credit scheme for start-ups by those from scheduled castes and tribes
Government is committed to providing 24x7 electricity in all houses
e-Visas To Be Allowed In 9 Airports
All houses to have sanitation by 2015, to coincide with Mahatma Gandhi's 150th birth anniversary
Mr Jaitley announces Skill India, a programme to train youth for jobs
REITs (real estate investment trusts): Budget proposes to resolve tax issues with Realty REITs; tax incentive to be given to infra REITs
Focus on Smart Cities: new cities needed for new middle class
Arun Jaitley announces e-visas to promote tourism
Rs 7,060 crore allocated for building new cities
Equity in PSU banks to be raised through share sale to the public
"Financial security is key to recovery. Banking sector needs to be strengthened"
@aksP1900 Income tax slab should be raised to 2-3 lakhs, and then allowances to be increased proportionately: Vivek Mehra, PwC #AskVikram
Insurance sector FDI to be hiked to 49%, from 26%
Defence FDI cap raised to 49% from 26% at present
@aksP1900 The standard deductions and the basic needs should be linked to inflation and cost of living index: Vivek Mehra, PwC #AskVikram
"Promote FDI selectively in sectors. India needs a boost in job creation in the manufacturing sector"
Retrospective taxes should be done with caution; Government's right for retrospective legislation unquestionable: Jaitley
"Government's right for retrospective legislation is unquestionable"
All retro tax cases to be scrutinized by a high-level committee
"We are committed to providing a stable and investor-friendly tax regime"
Jaitley hopes to have solution on GST this year
"I assure all states that the government will be more than fair in dealing with them"
FY16 fiscal deficit target at 3.6%
Fiscal deficit target for this year retained at 4.1%. Markets cheer
"No option but to take bold steps to spur growth"
Shweta Rajpal Kohli: Fiscal deficit target 3.6%, monsoon unpredictable, inflation at high levels. #Budget2014 #AskVikram
People should be covered by insurance. That will ensure that they get affordable treatment: Shobhana Kamineni, Apollo Hospitals #AskVikram
Vikram Chandra: We cannot spend beyond our means says Jaitley. He points to a fiscal deficit target of 3% within a couple of years. #AskVikram
"We have a large subsidy burden, I accept this target of 4.1% fiscal deficit as a challenge"
Shobhana Kamineni of Apollo Hospitals answers Qs coming in on #AskVikram,on Health Sector expectations in the Budget
Vikram Chandra: Arun Jaitley calibrating expectations well. Says the Budget first step in laying out the path the government will follow. #AskVikram
"Tax GDP ratio must be improved, non-tax revenues must be increased"
