11:00 (IST)
Ahead of #UnionBudget2016-17, rupee down 3 paise at 68.65 per dollar, Sensex slips 25 points, Nifty down 10 points.
Ahead of #UnionBudget2016-17, rupee down 3 paise at 68.65 per dollar, Sensex slips 25 points, Nifty down 10 points.
11:03 (IST) #UnionBudget2016
“I rise to present a statement of the estimated receipts and expenditures of the government of India for the year 2016-17,” Finance Minister#ArunJaitley begins his Budget speech.
“I rise to present a statement of the estimated receipts and expenditures of the government of India for the year 2016-17,” Finance Minister#ArunJaitley begins his Budget speech.
11:17 AM
Rs 500 crore allocated to pulses production.
Rs 500 crore allocated to pulses production.
11:16 AM
Global economy has reduced from 3.4% to 3.1% growth. Indian economy has grown to 7.6% while CPI inflation down to 5.4% – Jaitley
Global economy has reduced from 3.4% to 3.1% growth. Indian economy has grown to 7.6% while CPI inflation down to 5.4% – Jaitley
11:16 AM
Allocation for AIBP at Rs 17,000 crore
Allocation for AIBP at Rs 17,000 crore
11:15 AM
BS View: FM says public listing of general insurance companies. FY17 could be year of insurance company IPOs. Not even a single domestic insurance company is listed in India yet
BS View: FM says public listing of general insurance companies. FY17 could be year of insurance company IPOs. Not even a single domestic insurance company is listed in India yet
11:14 AM
Of 141 mn hectares of cultivated area, only 46% covered by irrigation. 28.5 lakh hectares to be brought under new scheme.
Of 141 mn hectares of cultivated area, only 46% covered by irrigation. 28.5 lakh hectares to be brought under new scheme.
11:13 AM
Agri and farmers’ welfare: Need to think beyond food security to income security. WIll double income of farmers by 2022. Rs 35, 984 crore allocation
Agri and farmers’ welfare: Need to think beyond food security to income security. WIll double income of farmers by 2022. Rs 35, 984 crore allocation
11:12 AM
9 pillars in this Budget – agri, rural sector, health sector, education skills and job creation, infra and investment, financial sector reforms, governance and ease of business, fiscal discipline, and tax reform to reduce compliance burden
9 pillars in this Budget – agri, rural sector, health sector, education skills and job creation, infra and investment, financial sector reforms, governance and ease of business, fiscal discipline, and tax reform to reduce compliance burden
11:11 AM
Will provide for PSU bank recapitalisation in this fiscal.
Will provide for PSU bank recapitalisation in this fiscal.
11:10 AM
Govt to focus on passing GST and Bankruptcy laws. Statutory backing for Aadhaar platform
Govt to focus on passing GST and Bankruptcy laws. Statutory backing for Aadhaar platform
11:10 AM
Govt to provide addl resource to rural and vulnerable areas
Govt to provide addl resource to rural and vulnerable areas
11:09 AM
Increasing outlay on social sector programmes, 3 schemes to be focus: Crop Insurance, health insurance scheme for 1/3rd of India and BPL families to be provided with cooking gas connection helped by govt
Increasing outlay on social sector programmes, 3 schemes to be focus: Crop Insurance, health insurance scheme for 1/3rd of India and BPL families to be provided with cooking gas connection helped by govt
11:08 AM
7th Pay Commission and OROP to put burden on finances
7th Pay Commission and OROP to put burden on finances
11:08 AM
FY16-17 and FY18 to be challenging
FY16-17 and FY18 to be challenging
11:07 AM
The risk of global slowdown mounting. Must have macro stability and fiscal prudence, Must rely on Indian markets and demand, and must continue with reforms to change lives for better
The risk of global slowdown mounting. Must have macro stability and fiscal prudence, Must rely on Indian markets and demand, and must continue with reforms to change lives for better
11:07 AM
Increased plan expenditure at RE stage in contrast to usual practice of reducing it
Increased plan expenditure at RE stage in contrast to usual practice of reducing it
11:06 AM
Forex reserves at $350 bn
Forex reserves at $350 bn
11:06 AM
CAD has declined to $14.4 bn dollars, projected 1.4% of GDP
CAD has declined to $14.4 bn dollars, projected 1.4% of GDP
11:05 AM
GDP Growth has accelerated – Jaitley
GDP Growth has accelerated – Jaitley
11:04 AM
And the shayari begins…
And the shayari begins…
11:04 AM
Have managed this despite inhering weak economy. But have converted these into opportunities – Jaitley
Have managed this despite inhering weak economy. But have converted these into opportunities – Jaitley
11:04 AM
Indian economy has stood its ground
Indian economy has stood its ground
11:03 AM
Presenting Budget when global economy in serious crisis: Jaitley
Presenting Budget when global economy in serious crisis: Jaitley
11:03 AM
Venkaiah Naidu and Sumitra Mahajan trying to pacify the Opposition
Venkaiah Naidu and Sumitra Mahajan trying to pacify the Opposition
11:02 AM
A lot of disruption even before Jaitley starts Budget Speech
A lot of disruption even before Jaitley starts Budget Speech
11:01 AM
FM Arun Jaitley takes the floor to present Budget 2016
FM Arun Jaitley takes the floor to present Budget 2016
11:00 AM
And we’re off! Everyone in Parliament settling in for Budget 2016!
And we’re off! Everyone in Parliament settling in for Budget 2016!
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