Union Budget 2015-16
 
"I intend to begin this process this year by setting up a PDMA which will bring both India's external borrowings and domestic debt under one roof," the minister said.
The Budget will be good for many sectors despite lack of big-bang announcements. All eyes are now on impact it will have on corporate earnings and, hence, stock markets.
The Union Budget also raised the deduction limit for health insurance policy to Rs 30,000 from Rs 20,000 for senior citizens.
A vaunted lawyer like Finance Minister Arun Jaitley did not do a stellar job of selling the Budget, even though he did put in much in it.
The benchmark index, Sensex registered a marginal gain of 0.48%. However, the difference between the day's high and low was 678.3 points.
On expenditure front, Budget must have a roadmap for direct cash transfer in kerosene, foodgrain and fertilisers, and ensure there is a proper plan for subsidy reduction.
Global ratings agency Standard & Poor's said the Budget highlighted a commitment to keep the deficit low, but lacked structural reform.