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

Finance minister Arun Jaitley said, "I am presenting the union budget in an economic environment which is far more positive than in the recent past. While major economies of the world face difficulties, India is poised for higher growth trajectory."

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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