Budget 2014-2015: Live Coverage
Twice on his birthday and 10 times in all -- which Finance Minister presented the maximim number of budgets? http://t.co/SCz3Bx7qno pic.twitter.com/NqKCbb3OiL
— All India Radio News (@airnewsalerts) July 10, 2014
Huge swing in stock markets. Back in the green now. Tax proposals seem to have helped.
— sukumar ranganathan (@mint_ed) July 10, 2014
Arun Jaitley ends budget speech.
#Budget2014 Modi came in with a bang. Jaitley has let him out with a whimper.
— T C A S Raghavan (@tca_tca) July 10, 2014
Branded clothing and diamonds just got cheaper, in case you had any doubt we have a Gujju PM.
— Rohan Joshi (@mojorojo) July 10, 2014
Tax proposals on indirect tax front would yield Rs. 7,525 cr: Jaitley
PPF investment limit increased to Rs 1.5 lakh from current Rs 1 lakh: Jaitley
Service Tax for broadcast and online advertisements; print advertisements exempted: Jaitley
Did not hear anything on protection for unorganized workers , maternal mortality, infant mortality and under nutrition of children.
— Yogendra Yadav (@AapYogendra) July 10, 2014
Clean Energy cess increased from Rs. 50/ tonne to Rs 100/tonne
Arun Jaitley: "And finally, I allocate 100 crores to manage all these countless 100 crore projects" #Budget2014
— The UnReal Times (@TheUnRealTimes) July 10, 2014
All that's cheaper: Branded clothing, Packaged food, steel, Footwear, Computers, soaps, 19 inch LED, LCD TV.
A major structural reform in this budget is the rounding off of allocation for each scheme to Rs. 100 Crore. Bahut Krantikari.
— Dhaakad Tau (@Bawli_Booch) July 10, 2014
Increased excise duty on tobacco products, and aerated water products with added sugar: Jaitley
2nd U Turn by Arun Jaitely.Demanded IT Limit to Rs 5 Lac but could reach to 50% at Rs 2.5Lac http://t.co/REkA9NF6VZ pic.twitter.com/HcCxIonFI8
— Ajay Maken (@ajaymaken) July 10, 2014
Rs 500 crore for ultra modern solar power plants in Rajasthan, Tamil Nadu and Ladakh in Jammu and Kashmi: Jaitley
Excise duty on food processing reduced to 6 per cent
Excise duty on footwear reduced from 12% to 6%
On the other hand Baghpat MP Satyapal Singh was snoozing in the fourth row of the treasury benches.
— Nistula Hebbar (@nistula) July 9, 2014
Some confusion over fiscal deficit numbers. Jaitley said 4.1% in preamble. Then said 4.5% while elaborating on budgetary estimates.
— sukumar ranganathan (@mint_ed) July 10, 2014
Use of piped cooking gas to be promoted on mission mode: Jaitley
Too many pilot projects and new schemes, most with meager allocations. Welcome steps to support museums.
— Yogendra Yadav (@AapYogendra) July 10, 2014
Imported electronics goods to cost more as govt proposes introduction of a cess.
For all those expecting a tax relief, go figure. Nothing substantial for you. #Budget2014
— Monika Halan (@monikahalan) July 10, 2014
Personal computers, electronic goods to be cheaper: Jaitley
What's this abt TVchannel for NEast? Named Arunprabha? What's wisdom behind 1channel for Neast, a culturally &linguistically diverse region
— Deepa Kurup (@deepakurup) July 10, 2014
1,620-km Ganga inland waterway development from Haridwar to Haldia to be completed in 6 years at a cost of Rs 4,200 crore: Jaitley
Jaitley announces measures to encourage manufacture of LCD/LED panels of TVs
Rs 10,000 crore venture capital fund to be set up for MSME sector: Jaitley
Long-term capital gains on mutual funds up from 10% to 20%? Not happy
— Ashok Malik (@MalikAshok) July 10, 2014
60 more IT Seva Kendras to be opened: Jaitley
Rs 22,200 crore to be lost due to direct tax giveaways: Jaitley
Former PM Manmohan Singh launched a package of Rs. 1600 cr 4 return/rehabilitation Kashmiri pandits in 2008. Rs. 500 cr announced this time.
— Salman Anees Soz (@SalmanSoz) July 10, 2014
Income Tax Dept is expected to function not only as an enforcement dept but also as a facilitator: Jaitley
Rs 100 crore for initiating scheme to provide a soil health card and Rs 56 cr for soil testing labs: Jaitley
Revenue deficit pegged at 2.9 per cent of GDP: Jaitley
Education cess for all tax payers including corporates will continue: Jaitley
10 year tax holiday for power companies extended: Jaitley
Provide investment allowance at 15% for 3 yrs to manufacturing company which invest more than Rs 25 cr in plant and machinery: Jaitley
Rs. 500 crores for displaced Kashmiri migrants: Jaitley
Tax relief on interest of home loan for self occupied houses raised to Rs 2 lakh: Jaitley
Personal income tax exemption limit increased from Rs 2 lakh to Rs 2.5 lakh to those below 60 yrs, 2.5 to 3 lakh for senior citizens: Jaitley
Income Tax exemption up by Rs 50,000 to 2.5 lakh: Jaitley
No changes in the tax rate: Jaitley
Plan expenditure of Rs 5,75,000 crore for current ficsal: Jaitley
Govt committed to development of Telangana and AP: Jaitley
Metro rail services to be launched in Lucknow and Ahmedabad; Rs 100 crore set aside for it: Jaitley
Biotech clusters to be set up in Bangaluru and Faridabad to take science and technology to new heights: Jaitley
Enhance PPF contribution to Rs 1.5 lakh per annum: Jaitley
Rs 2037 crore for new scheme to rejuvenate Ganga:Jaitley
Lower withholding tax at 5% scheme extended to July 2017
Rs. 100 crore for a detailed study in river linking: Jaitley
Rs 100 cr for development of Archaeological sites. Gaya to be developed as world class tourism spot: Jaitley
Rs 50 cr for construction of National Police Memorial: Jaitley
Committee will be set up to examine how unused money in postal schemes can be utilised: Jaitley
Rs 990 crore for development of villages along the border: Jaitley
Raise PPF ceiling from Rs 1 lakh to Rs 1.5 lakh: Jaitley
War Memorial, Museum to be constucted in Princess Park, Rs 100 cr allotted: Jaitley
Capital outlay in defence to be increased to be Rs. 5,000 crore: Jaitley
6 New SEZ proposed
Rs 2,29,000 crore for defence: Jaitley
Introduce one integrated DEMAT Account; inter-usable KYC norms: Jaitley
Introduction of uniform KYC and common use: Jaitley
Provide all households with banking facilities to empower the weaker sections; there should be atleast 2 bank a/cs in each household: Jaitley
100 crores for preparatory work for ultra modern super critical thermal power tech: Jaitley
Scheme for development of new airports through AAI: Jaitley
Rs. 10,000 crores fund for startup companies: Jaitley
Pension scheme for senior citizens being revived: Jaitley
Existing impasse of coal sector will be resolved: Jaitley
15000 km of additional pipeline to be developed through PPP mode: Jaitley
Safe Drinking Water, Solid Waste Management and Sewerage through PP: Jaitley
Rs. 200 cr for 6 more textile clusters in Rae Bareily, Lucknow,Surat, Bhagalpur: Jaitley
Trade facilitation centre to promote handloom work in Varanasi: Jaitley
Rs 5000 crore to address the need to scientific warehousing: Jaitley
All govt departments and ministries to be integrated through E-platform by 31 Dec: Jaitley
100 cr for National Industrial Corridor with its headquarter in Pune: Jaitley
Rs 100 crore for Kisan Television: Jaitley
Rs. 5000 cr short time rural credit refinance fund for 2014-15: Jaitley
Bank capital to be raised through retail sale of shares; Govt to continue to hold majority in PSU banks: Jaitley
8 L Cr for agricultural credit: Jaitley
Propose to provide finance to 5 lakh landless farmers through NABARD: Jaitley
National Adaption Fund for climate change to be set up: Jaitley
Manufacturing units will be allowed to sell their products through retail and e-commerce: Jaitley.
House adjourned for five minutes
Agricultural universities in Rajasthan and Andhra Pradesh: Jaitley
Rs 100 crore for modernisation of Madrasas: Jaitley
Rs 50000 crore for urban renewal: Jaitley
Rs 100 cr for Community Radio Centres, 600 new and existing ones will be supported: Jaitley
Rs 500 cr for digital India program for broadband connectivity at village level & transparent governance: Jaitley
Five new IITs and 5 new IIMs to be set up: Jaitley
Four new AIIMS in AP, West Bengal, Vidarbha, Purvanchal: Jaitley
Jaitley proposes 12 more Govt Medical colleges with dental facilities
Rs 500 crore for four more AIIMS institutions: Jaitley
Rs 8000 cr for National Housing Banking programme: Jaitley
Jaitley announces Backward Regional Grant Fund to address inter regional inequalities
Rs 3650 crore to ensure safe drinking water:Jaitley
Gender sensitisation to be part of school curriculum: Jaitley
Rs. 500 crore to boost rural power infrastructure: Jaitley
Rs. 14,389 cr for PMGSY: Jaitley
Rs 150 crore to be spent on safety of women in all cities: Jaitley
Jaitley announces Crisis Management Center for women at Delhi, money to be provided from Nirbhaya fund.
Rs 100 Cr for Beti Padhao, Beti Badhao Yojana: Jaitley
EPFO will launch a unified account scheme for portability of Provident Fund accounts
Allocate Rs 500 crore for Deen Dayal Upadhyay rural electrification programme: Jaitley
Special currency notes for visually challenged: Jaitley
The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside: Jaitley
Rs 50,548 cr for SC-ST development: Jaitley
PSUs to invest Rs 2.47 lakh crore in FY15: Jaitley
Skill India initiative for youths' employmentand for more entrepreneurship: Jaitley
Rs 200 crore for Sardar Patel's Statue of Unity: Jaitley
Shyama Prasad Mukherjee Rozgaar Mission to be launched: Jaitley
Total sanitation goals to be achieved by 2019: Jaitley
'Pradhan mantri krishi sichayin yojana' to be started for irrigation: Jaitley
E-visas to be introduced at 9 airports in India: Jaitley
Jaitley retains fiscal deficit target at 4.1% of GDP
Jaitley proposes funds of Rs 7060 crore to develop smart cities
FM raises FDI in defence manufacturing to 49%
Anti-poverty programmes will be targeted well: Jaitley
Will make food, petroleum subsidies more targeted: Jaitley
We are committed to providing industry-friendly tax reforms. A committee under CBDT will scrutinise disputes: Jaitley
Tax administration: The government will not bring about any change that will create more liability, says Jaitley.
GST will streamline tax administration and result in higher tax collection for center and states: Jaitley
Target 3.6% for 2015-16 and 3% for 2016-17: Jaitley
Aim 7-8% growth in next 3-4 years: Arun jaitley presents Union Budget.
Cabinet approves Union Budget for 2014-15.
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