Budget 2015: Jaitley avoids Big Bang to present budget of promise, inclusion

Aditi Pai   New Delhi     Last Updated: February 24, 2016  | 12:59 IST
Finance minister Arun Jaitley
Finance minister Arun Jaitley
  • It's for everybody & for everybody's benefit: Piyush Goyal.......
  • Budget caters to needs and aspirations of the working class: JP Nadda
  • No special status for Bihar and West Bengal: Arun Jaitley
  • Burden on poor has also increased: Anand Sharma on Budget 2015
  • Middle class has got lot of benefits: Jaitley
  • I have laid down a future roadmap: Jaitley
  • If development happens in a nation, it affects all sectors: Jaitley
  • We are trying to exhort the middle class to save: Jaitley
  • Committed to one-rank-one-pension: Jaitley
  • Wanted taxpayer to have more money: Jaitley
  • Jaitley says those who evade law, we have a tough message for them
  • Constrained by resource decline: Jaitley
  • We faced challenging circumstances: Jaitley
  • Jaitley explains Union Budget proposals
  • Sensex rises 141.38 points to close at 29,361.50
  • Important to first discuss the challenges faced by this Budget: Rajiv Pratap Rudy
  • A budget which transforms people's future: Piyush Goyal
  • A very comprehensive, competent & good budget: Yashwant Sinha
  • Budget 2015 empowers entire India: Chanda Kochhar
  • Budget 2015 has disappointed people of Uttar Pradesh: Mulayam Yadav
  • Amit Shah: Budget 2015 will provide social security
  • Ahmed Patel: Hype had created hope but outcome is disappointing
  • Budget 2015 neglects Kerala: Kerala Finance minister KM Mani
  • This year is mine and I have to be transparent: Jaitley
  • Budget 2015 is high in intent, low on delivery: Manish Tewari
  • Budget 2015 is very professional: Harsh Vardhan
  • It's a mix budget: Deepender Hooda on Budget 2015
  • Ambika Soni: BJP govt continues to please & work for benefit of businessmen
  • It is a positive, constructive and a practical budget: Jitendra Singh
  • Budget 2015 is worth appreciation: Rajnath Singh
  • Samajwadi Party protest against Budget 2015 in Kanpur
  • Very innovative and very inspiring Budget. People will be very happy: Venkaiah Naidu
  • ITC shares slump over 7 per cent after excise duty hike
  • Chips to be cheaper, aerated drinks to be dearer
  • Mayawati attacks Modi governmet, says it's not practical
  • Manohar Parrikar gives 9.5/10 points to Jaitley for Budget
  • Jaitley's budget is progressive, positive, practical, pragmatic & prudent: PM
  • Modi congratulates Arun Jaitley for doing an excellent job
  • Modi describes Jaitley's budget as India's Amrut Mahotsav
  • A pragmatic budget: Smriti Irani
  • A very balanced budget: Siddharth Birla, FICCI
  • Jaitley's budget is a disappointment: Ashwini Kumar
  • Cigarettes, pan masala costly; footwear cheaper
  • Nifty losers - BHEL loses 2.6%, Tata Power down 2.2%, NTPC loses 2.2%
  • Contribution to pension and NPS raised to Rs 1.5 lakh
  • Direct tax proposals will lead to loss of Rs 8,315 cr; Indirect proposal will yield Rs 23,383 cr
  • Service tax up from 12.36% to 14%
  • No service tax on Yoga classes
  • Online excise and service tax registrations in 2 working days
  • 100% tax deduction for contribution to Swachh Bharat Fund
  • Additional deduction of NPS contribution: Rs 50,000
  • Transport allowance doubled to Rs 1,600 per month
  • Rs 9,000 cr from additional 2% surcharge the super-rich
  • PAN number quoting made compulsory for transactions for more than 1 Lakh
  • Service tax hiked to 14%
  • 100% tax exemption in CSR activities for Clean Ganga Fund and Swachh Bharat Kosh
  • Increase exemption on health insurance premium to Rs 25,000 from current Rs 15,000
  • Service Tax Rate increased from 12.36% to 14%
  • 300% penalty on concealing income
  • Will ensure no one escapes the super rich surcharge: Jaitley
  • Additional surcharge of 2% on individual income of over Rs 1 crore
  • Wealth tax abolished, to be replaced
  • Taxes on Technical Services to be reduced to 10% from 25%
  • Govt to reduce custom duty on 22 items
  • Rigorous imprisonment of 10 years under Black Money Law
  • GAAR to be deferred by two years: Jaitley
  • Budget estimates of expenditure:17 .77 lakh cr, of which Non Plan is 13.12 lakh cr, and Plan is 4.65 lakh cr
  • Black money: new structure including efiling, tracking down is our abiding committment
  • Benami Property Transaction Bill will help tackle black money transactions in real estate soon
  • Corproate Tax cut to start from next year
  • Corporate tax to be reduced from 30% to 25%
  • Direct Tax collection is going to be 14.49 lakh crore rupees
  • Centres for film production in Arunachal Pradesh
  • 2015/16 non-plan expenditure seen at about Rs 13.12 trillion
  • 2.46 trillion rupees allocated for defence spending in 2015-16: Jaitley
  • Sensex erases all early gains, slips into negative territory: Jaitley
  • Rs 2.47 lakh crore for Defence in 2015-16: Jaitley
  • 2 lakh kilometre of roads to be built: Jaitley
  • IIMs to be set up in J&K and Andhra Pradesh
  • Indian school of mines to be upgraded to a full IIT
  • AIIMS in Jammu and Kashmir, Tamil Nadu, Himachal Pradesh, Assam and Punjab
  • Will deepen Indian Bond Market at par with the World standards: Jaitley
  • Rs 70 crore to alternate energy vehicles
  • Visa on arrival scheme to be expanded to 150 countries
  • Another Rs 1,000 crore to Nirbhaya fund
  • Will help reduce power defict gaps: Jaitley
  • Stress on reducing black money
  • Will introduce Indian gold coin with Ashok Chakra
  • Gold accounts will be allowed, will pay interest
  • Gold monetisation scheme soon
  • Jaitley announces direct tax regime
  • Rs 5,000 crore to be allocated for MNREGA: Jaitley
  • PPP model of Infrastructure to be revitalized and realigned
  • Need to make India an investment destination
  • Jaitley proposes Tax free Infrastructure bonds for projects in railways and roads
  • To increase access to formal credit system
  • BSE realty index has pared gains to 1.2 per cent
  • Propose the 'Nayi Manzil' scheme for the youth minorities
  • New scheme of providing physical aids for senior citizens living below poverty line
  • Rs 330 per year premium for new life insurance scheme
  • Atal pension scheme for poor, half of the premium from govt
  • Accident insurance of Rs 2 lakh at Rs 12 per year
  • Universal social security system for the underprivileged: Jaitley
  • Mudra Bank funds to help SC/ST entreprenuers
  • Formal credit system for entreprenuers
  • Mudra Bank to finance micro-finance institutions
  • Jaitley proposes to create a national agriculture market
  • Agriculture income under stress
  • Increasing investment in infrastructure is a challenge
  • Electrification of remaining 20,000 villages by 2020
  • Total transfer to the states will be 62%
  • Increasing investment in infrastructure is a challenge
  • 2014/15 current account deficit below 1.3 pct of GDP: Jaitley
  • Budget aiming for double digit growth rate, achievable soon
  • Jaitley says have to keep fiscal discipline in mind despite need for higher investment
  • Swachh Bharat which we have introduced will rejuvenate India: Jaitley
  • 6 crore toilets to be built: Jaitley
  • We are a round the clock, round the year govt: Jaitley
  • The rupee has become stronger by 6.4 %: Jaitley
  • The latest CPI inflation is 5.1 % and whole sale price inflation is negative: Arun Jaitley
  • Real GDP growth expected to accelerate to 7.4 per cent: Jaitley
  • It is India's time to fly: Arun Jaitley
  • Finance Minister Arun Jaitley begins Budget 2015 speech
  • Naresh Agarwal: Kahin nah kahin ek RSS ki soch waala budget aayega
  • Cabinet approves Union Budget
  • PC Chacko: Govt can present good budget as oil prices have fallen
  • Jay Panda: Expectations are very high from BJP govt
  • Modi chairs Cabinet meeting on Budget
  • Budget papers arrive in Parliament
  • Budget should be keep in mind middle & lower middle class: A woman in Raipur
  • Important to create job-oriented budget: Ashish Chauhan
  • Focus needed on education, healthcare: APJ Abdul Kalam
  • Prime Minister Narendra Modi arrives in Parliament
  • It will be a roadmap for development: Prakash Javadekar
  • Prayer at a Gurdwara in Lucknow ahead of the Union Budget
  • People conduct 'hawan' ahead of the Union Budget in Kanpur
  • FM needs to send out signal to investors: Sanjaya Baru
  • Must empower lowest institutions of government: Mani Shankar Aiyar
  • Budget must address Aam Aadmi's concerns: Meera Sanyal
  • Primary goal is to increase eco freedom: Surjit S. Bhalla
  • Cabinet to okay Budget first
  • Jaitley meets President Pranab before Budget
  • Sensex surges over 200 points; Nifty reclaims 8,900 mark
  • The FM is widely expected to unveil pro-common man measures and push forward 'Make In India' campaign
  • The Budget is likely to either see hike in tax slabs or raise investment limit in saving instruments
  • The FM may look to raise the tax exempted investment limit in health insurance
  • Savings in pension schemes at all three stages-entry, accrual and withdrawal are likely to be exempted
  • The FM is likley to keep the fiscal deficit target at 3.6 per cent of GDP, down from 4.1 per cent expected this year
  • Finance minister Arun Jaitley will present his first full-year Budget in Parliament today
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