Arya Desa
BANNED
- Joined
- Sep 23, 2012
- Messages
- 3,301
- Reaction score
- -18
- Country
- Location
12.00 noon: Rs. 68,968 crore for education sector.
11.57 a.m.: We are making good progress on Digital India.
11.55 a.m.: AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Assam. AIIMS-like institution in Bihar. IIT in Karnataka. IIMs in Jammu and Kashmir, and Andhra Pradesh. Centre for Film Production and Animation in Arunachal Pradesh.
11.54 a.m.: Fully IT based student financial aid scheme for higher education.
11.53 a.m.: National Skills Mission for skill development and entrepreneurship - Rs. 1,500 crore.
11.52 a.m.: Procurement law for public contracts. Govt. to introduce Public Contracts (Resolution of Disputes) Bill. Regulatory reform law to be introduced.
11.51 a.m.: Rs. 75 crore for electric cars production.
11.50 a.m.: Visa on arrival scheme - increased to 150 countries in different stages.
11.49 a.m.: World Heritage Sites - churches and convents of old Goa, Hampi, Elephanta caves, Leh palace, Varanasi temple town, Jallianwala Bagh etc., will be developed to make them more tourist-friendly.
11.48 a.m.: Rs. 1,000 crore additional allocation to the Nirbhaya fund.
11.47 a.m.: Will do away with different types of foreign investment — like FPI and FDI — and replace them with a comprehensive type.
11.46 a.m.: We will look at making India a cashless society by incentivising card transactions.
11.44 a.m.: EPF - Employee may opt for EPF or new pension scheme, employee's contribution to EPF below an income threshold will be optional without reducing employer's contribution.
11.43 a.m.: Direct Tax regime which will be internationally competitive on rates.
11.41 a.m.: Will merge Forward Markets Commision with SEBI. Will set up a public debt management agency.
11.40 a.m.: Rs. 5,000 crore additional allocation for MGNREGA.
11.37 a.m.: Ports will be encouraged to corporatise and become companies under Companies Act.
11.35 a.m.: The govt. is establishing a mechanism for techno-financial incubation and facilitation programme - Rs. 1,000 crore set aside for this.
11.33 a.m.: Investment in Infrastructure will go up by Rs 70,000 crore in 2015-16. Annual inflow of Rs. 20,000 crore by way of a trust, to use this extra equity to leverage investment in infrastructure. PPP model to be revisited and revitalised. Atal Innovation Mission - for entrepreneurs and researchers to foster a culture of innovation: R.s 150 crore for this purpose.
11.32 a.m.: Nayi Manzil scheme - to enable minority youth to obtain school leaving certificate and gain better employment.
11.31 a.m.: Assisted living devices for senior citizens living below the poverty line.
11.30 a.m.: Pradhan Mantri Jeevan Jyoti Bima Yojana - Rs. 1 per day premium, Rs. 2 lakh coverage.
11.28 a.m.: Accident death risk - Rs 2 lakhs for a premium of Rs. 12 per year. Atal Pension Yojana - defined pension depending on contribution. Govt. will contribute 50 per cent of the amount.
11.27 a.m.: NBFCs registered with RBI above Rs. 5,000 crore to be considered financial institutions.
11.26 a.m.: We will bring a comprehensive bankruptcy code in 2015-16.
11.26 a.m.: Will create Mudra Bank with corpus of Rs. 20,000 crore for microfinance. "We are banking the unbanked and funding the unfunded."
11.25 a.m.: MGNREGA - Rs. 34,699 crore
11.23 a.m.: Rs. 8.5 lakh crore of rural credit for the year.
11.21 a.m.: In order to improve soil health, the Agriculture Ministry's organic farming programme, Rs. 5,300 crore for micro-irrigation watershed projects.
11.20 a.m.: Gross disinvestment in loss-making units will be undertaken. DBT will be further expanded from 1 crore to 10.3 crore.
11.17 a.m.: Total public investment will be Rs 1.25 lakh crore. "Will complete the journey to fiscal deficit of 3 per cent in two years and not three years."
11.16 a.m.: Government will continue all social sector programmes like MNREGA, rural schemes etc.
11.14 a.m.: "We have devolved a 42 per cent share of divisible taxes to States. Devolution will be Rs. 5.2 lakh crore in 2015. Total transfer to States will 62 per cent."
11.13 a.m.: "The rural-urban divide is no longer acceptable."
11.12 a.m.: "All our schemes should focus off-centre on the poor. We need to upgrade 80,000 secondary schools."
11.11 a.m.: Housing for all by 2022 announced — 2 crore in rural areas, 5 crore in urban areas.
11.10 a.m.: Estimated GDP for 2015-16 will be between 8 and 8.5 per cent. "Aiming for a double-digit growth rate seems feasible."
11.08 a.m.: We have embraked on two other programmes now — GST and JAM Trinity. GST will be implemented by April 2016 says Mr. Jaitley.
11.07 a.m.: Mr. Jaitley puts forth three achievements of the new government — the success of the Jan Dhan Yojana, coal auctions and Swachch Bharat Abhiyan. "We will attain the target of building 6 crore toilets. It's at a deeper level a programme of preventive healthcare."
11.05 a.m.: "The people of India have voted resoundingly for quick change, faster growth and high levels of transparency. We have lived up to that trust."
11.04 a.m.: "We inherited a sentiment of doom and gloom. We have come a long way since then. The CAD for the year is expected to be below 1.3% of GDP. Foreign exchange reserves have risen to $340 billion."
11.02 a.m.: "The credibility of the Indian economy has been reestablished," says Mr. Jaitley. "We are a round-the-clock, round-the-year government."
11 a.m.: Arun Jaitley begins his Budget speech. "We have embraced the States as equal partners in the process of economic growth."
10.50 a.m.: Budget documents arrive at the Parliament. Photo: Sandeep Saxena
10.45 a.m.: The Swachch Bharat Abhiyan has a target of building 120 million toilets over five years with an investment of Rs. 2 lakh crore. But the FY '15 target of 12 million targets seems set to be missed.
10.34 a.m.: Which are India’s most effective subsidies, the ones that best reach the poor?
Read The Hindu's National Data Editor Rukmini S.' [URL='http://www.thehindu.com/business/budget/subsidies-and-the-poor/article6944223.ece?homepage=true&artlist=true']analysison how India's Rs. 3.8 lakh crore subsidies don’t always reach the poor.
10.25 a.m.: Take a look at how our Business team demystified the Economic Survey 2014-15, in a live chat with our readers.
10.20 a.m.: Before the Budget speech begins, familiarise yourself with terms that will be used in the speech using our glossary.
10.15 a.m.: Do you know which former Finance Minister used to be a soap salesman and eventually became the first Minister to lose his job over a scam? Head over to our Budget quiz to answer this and more.
10.10 a.m.: The Hindu's headlines on previous Union Budgets, over the years. See the slideshow here.
10:05 a.m.: From mass rapid transit system to standardisation of taxes to higher budgetary spending and steps to curb prices, here are a series of measures that might transform Chennai:
[/URL]
LIVE: India's chance to fly: FM presents Budget - The Hindu
11.57 a.m.: We are making good progress on Digital India.
11.55 a.m.: AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Assam. AIIMS-like institution in Bihar. IIT in Karnataka. IIMs in Jammu and Kashmir, and Andhra Pradesh. Centre for Film Production and Animation in Arunachal Pradesh.
11.54 a.m.: Fully IT based student financial aid scheme for higher education.
11.53 a.m.: National Skills Mission for skill development and entrepreneurship - Rs. 1,500 crore.
11.52 a.m.: Procurement law for public contracts. Govt. to introduce Public Contracts (Resolution of Disputes) Bill. Regulatory reform law to be introduced.
11.51 a.m.: Rs. 75 crore for electric cars production.
11.50 a.m.: Visa on arrival scheme - increased to 150 countries in different stages.
11.49 a.m.: World Heritage Sites - churches and convents of old Goa, Hampi, Elephanta caves, Leh palace, Varanasi temple town, Jallianwala Bagh etc., will be developed to make them more tourist-friendly.
11.48 a.m.: Rs. 1,000 crore additional allocation to the Nirbhaya fund.
11.47 a.m.: Will do away with different types of foreign investment — like FPI and FDI — and replace them with a comprehensive type.
11.46 a.m.: We will look at making India a cashless society by incentivising card transactions.
11.44 a.m.: EPF - Employee may opt for EPF or new pension scheme, employee's contribution to EPF below an income threshold will be optional without reducing employer's contribution.
11.43 a.m.: Direct Tax regime which will be internationally competitive on rates.
11.41 a.m.: Will merge Forward Markets Commision with SEBI. Will set up a public debt management agency.
11.40 a.m.: Rs. 5,000 crore additional allocation for MGNREGA.
11.37 a.m.: Ports will be encouraged to corporatise and become companies under Companies Act.
11.35 a.m.: The govt. is establishing a mechanism for techno-financial incubation and facilitation programme - Rs. 1,000 crore set aside for this.
11.33 a.m.: Investment in Infrastructure will go up by Rs 70,000 crore in 2015-16. Annual inflow of Rs. 20,000 crore by way of a trust, to use this extra equity to leverage investment in infrastructure. PPP model to be revisited and revitalised. Atal Innovation Mission - for entrepreneurs and researchers to foster a culture of innovation: R.s 150 crore for this purpose.
11.32 a.m.: Nayi Manzil scheme - to enable minority youth to obtain school leaving certificate and gain better employment.
11.31 a.m.: Assisted living devices for senior citizens living below the poverty line.
11.30 a.m.: Pradhan Mantri Jeevan Jyoti Bima Yojana - Rs. 1 per day premium, Rs. 2 lakh coverage.
11.28 a.m.: Accident death risk - Rs 2 lakhs for a premium of Rs. 12 per year. Atal Pension Yojana - defined pension depending on contribution. Govt. will contribute 50 per cent of the amount.
11.27 a.m.: NBFCs registered with RBI above Rs. 5,000 crore to be considered financial institutions.
11.26 a.m.: We will bring a comprehensive bankruptcy code in 2015-16.
11.26 a.m.: Will create Mudra Bank with corpus of Rs. 20,000 crore for microfinance. "We are banking the unbanked and funding the unfunded."
11.25 a.m.: MGNREGA - Rs. 34,699 crore
11.23 a.m.: Rs. 8.5 lakh crore of rural credit for the year.
11.21 a.m.: In order to improve soil health, the Agriculture Ministry's organic farming programme, Rs. 5,300 crore for micro-irrigation watershed projects.
11.20 a.m.: Gross disinvestment in loss-making units will be undertaken. DBT will be further expanded from 1 crore to 10.3 crore.
11.17 a.m.: Total public investment will be Rs 1.25 lakh crore. "Will complete the journey to fiscal deficit of 3 per cent in two years and not three years."
11.16 a.m.: Government will continue all social sector programmes like MNREGA, rural schemes etc.
11.14 a.m.: "We have devolved a 42 per cent share of divisible taxes to States. Devolution will be Rs. 5.2 lakh crore in 2015. Total transfer to States will 62 per cent."
11.13 a.m.: "The rural-urban divide is no longer acceptable."
11.12 a.m.: "All our schemes should focus off-centre on the poor. We need to upgrade 80,000 secondary schools."
11.11 a.m.: Housing for all by 2022 announced — 2 crore in rural areas, 5 crore in urban areas.
11.10 a.m.: Estimated GDP for 2015-16 will be between 8 and 8.5 per cent. "Aiming for a double-digit growth rate seems feasible."
11.08 a.m.: We have embraked on two other programmes now — GST and JAM Trinity. GST will be implemented by April 2016 says Mr. Jaitley.
11.07 a.m.: Mr. Jaitley puts forth three achievements of the new government — the success of the Jan Dhan Yojana, coal auctions and Swachch Bharat Abhiyan. "We will attain the target of building 6 crore toilets. It's at a deeper level a programme of preventive healthcare."
11.05 a.m.: "The people of India have voted resoundingly for quick change, faster growth and high levels of transparency. We have lived up to that trust."
11.04 a.m.: "We inherited a sentiment of doom and gloom. We have come a long way since then. The CAD for the year is expected to be below 1.3% of GDP. Foreign exchange reserves have risen to $340 billion."
11.02 a.m.: "The credibility of the Indian economy has been reestablished," says Mr. Jaitley. "We are a round-the-clock, round-the-year government."
11 a.m.: Arun Jaitley begins his Budget speech. "We have embraced the States as equal partners in the process of economic growth."
10.50 a.m.: Budget documents arrive at the Parliament. Photo: Sandeep Saxena
10.45 a.m.: The Swachch Bharat Abhiyan has a target of building 120 million toilets over five years with an investment of Rs. 2 lakh crore. But the FY '15 target of 12 million targets seems set to be missed.
10.34 a.m.: Which are India’s most effective subsidies, the ones that best reach the poor?
Read The Hindu's National Data Editor Rukmini S.' [URL='http://www.thehindu.com/business/budget/subsidies-and-the-poor/article6944223.ece?homepage=true&artlist=true']analysison how India's Rs. 3.8 lakh crore subsidies don’t always reach the poor.
10.25 a.m.: Take a look at how our Business team demystified the Economic Survey 2014-15, in a live chat with our readers.
10.20 a.m.: Before the Budget speech begins, familiarise yourself with terms that will be used in the speech using our glossary.
10.15 a.m.: Do you know which former Finance Minister used to be a soap salesman and eventually became the first Minister to lose his job over a scam? Head over to our Budget quiz to answer this and more.
10.10 a.m.: The Hindu's headlines on previous Union Budgets, over the years. See the slideshow here.
10:05 a.m.: From mass rapid transit system to standardisation of taxes to higher budgetary spending and steps to curb prices, here are a series of measures that might transform Chennai:
[/URL]
LIVE: India's chance to fly: FM presents Budget - The Hindu
