Sensex trading close to 25,900 points, up 1.6%.
01:42 PMThere is nothing for the social sector in Budget: Sonia Gandhi
01:40 PMSonia Gandhi hits out at Arun Jaitley's maiden Budget, says Modi govt copied most of UPA schemes.
01:25 PMCigarettes, pan masalas to be costlier: FM
01:23 PMSensex up 115 points, Nifty rises above 7,600.
01:22 PMMarkets bounce back after Arun Jaitley's maiden Budget speech.
01:16 PMArun Jaitley finishes his Budget presentation.
01:15 PMTax proposals on indirect tax front would yield Rs 7,525 crore.
01:13 PMIndian Custom Single Window Project to be taken up for facilitating trade.
01:12 PMClean energy cess increased from Rs 50/tonne to Rs 100/tonne.
01:11 PMTo broaden tax base, negative list for service tax has been reviewed: FM
01:08 PMExcise duty raised on tobacco products and aerated water products with added sugar.
01:05 PMJaitley announces reduction in excise duty for specified food package industry from 10% to 6%.
01:05 PMExcise duty on footwear reduced from 12% to 6%.
01:01 PMSoaps and oil products to become cheaper.
01:00 PMBasic custom duty on LED panel below 19 inch made nil: FM
12:58 PMArun Jaitley raises PPF ceiling to Rs 1.5 lakh
12:58 PMPersonal computers, electronic goods to be cheaper. FM announces proposals to make CRT TVs cheaper.
12:57 PMRs 1,000 crore for 'one rank, one pension' scheme: FM
12:56 PMNet effect of direct tax proposals is revenue loss of Rs 22,200 crore: FM
12:55 PMIncome tax department is expected to function not only as an enforcement dept but also as a facilitator: Arun Jaitley
12:54 PM60 more 'Ayakar Sewa Kendras' to be set up.
12:54 PMHousing loan rebate to raised from 1.5 lakh to 2 lakh: Jaitley
12:53 PMGovt to provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 crore in plant and machinery.
12:53 PMInvestment limit under 80C raised from Rs 1 lakh to Rs 1.5 lakh.
12:47 PMTax exemption limit for small and marginal, and senior tax payers changed from Rs 2 lakh to Rs 2.5 lakh.
12:47 PMFDI in insurance to be hiked to 49 per cent: Jaitley
12:46 PMPersonal income tax limit increased by Rs 50,000 for people below 60 years.
12:46 PMNo major changes in income tax rates: FM
12:43 PMNo changes in tax rates for individuals.
12:41 PMArun Jaitley is now on to tax proposals.
12:41 PMArun Jaitley announces 'Arun Prabha' channel for northeast region, will be 24/7 channel.
12:40 PMI propose Rs 200 crore for power reforms, and Rs 500 crore for water reforms in Delhi: Arun Jaitley
12:39 PMNational Centre for Himalayan Studies to be set up.
12:36 pm :-Young Leaders Programme to be set up with Rs 100 crore.
12:35 PMRs 100 crore for training of sportspersons for upcoming Asian Games.
12:34 PMSports university to be set up in Manipur, Rs 100 to be provided for this.
12:32 PMBiotech clusters to be set up in Bangalore and Faridabad.
12:32 PMMeanwhile, Sensex has declined over 300 points in late morning trade.
12:31 PMAn NRI fund for conservation of river Ganga to be set up.
12:31 PMWorld class convention facilities to be developed through PPP mode.
12:31 PMFM announces 'Namami Ganga', an integrated Ganga Development Project; Rs 2037 crore set aside for this.
12:30 PMAnnual PPF ceiling to be raised to Rs 1.5 lakh, from Rs 1 lakh.
12:30 PMHope to implement Goods and Service Tax this year: Jaitley
12:28 PMRs 2.29 lakh crore allocated for defence sector.
12:27 PMRs 1,000 crore for 'one rank, one pension' scheme.
12:27 PMWar memorial to be set up along with a war museum; Rs 100 crore set aside for this.
12:26 PMA War Memorial to be constucted in Princess Park: FM
12:25 PMTo allocate Rs 150 crore to boost women's safety: FM
12:23 PMRBI will create framework for licences of small banks: FM
12:22 PMThere should be at least 2 bank accounts in each household: FM
12:22 PMGovt to provide all households with banking facilities to empower the weaker sections.
12:20 PMBank to be encouraged to give long term funds and loans to infrastructure sector.
12:19 PMUniform KYC across the finance sector.
12:18 PMRs 3600cr set aside for National Rural Drinking Water: FM
12:16 PMRetrospective tax amendment to be undertaken with extreme caution, Jaitley says
12:16 PMFinancial sector is at the heart of the growth engine, Jaitley says.
12:15 PMRevision of rate of royalty on minerals to be taken up on request from the states.
12:15 PMUltra modern solar power plants to be set up.
12:13 PMIn order to complete gas grid, 15000km of additional pipeline to be developed through PPP mode.
12:12 PMNew and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore.
12:12 PMImpasse in coal sector will be resolved: FM
12:11 PM'Jal Marg Vikas' project on river Ganga
Rs 4200 crore set aside for 'Jal Marg Vikas' project on river Ganga connecting Allahabad to Haldia, over a distance of 1620km.
12:09 PMNew airports to be developed through PPP mode in tier-II and tier-III cities.
12:09 PM16 new ports to be set up. Rs 11,000 crore to be allocated for this.
12:08 PMRs 200 crore allocated for 6 more textile clusters in Rae Bareily, Lucknow, Surat and Bhagalpur.
12:07 PMSlum development to be included in Corporate Social Responsibility activities.
12:06 PMTrade facilitation centre to promote handloom work in Varanasi.
12:06 PMIndia has emerged as the largest PPP market in the world.
12:05 PMBJP MPs taunt to Cong MPs: Learn to listen now.
12:04 PM6 more textile clusters to be set up: FM
12:03 PMGovt to take effective steps to revive SEZs: FM
12:03 PMRs 100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues.
12:01 PMGvot to set up Industrial Smart Cities in 7 cities.
11:59 AMJaitley is reading his Budget speech sitting down.
11:59 AMJaitley asked to sit and speak by the Speaker, after he complains of shortness of breath.
11:56 AMGovt will initiate scheme to provide a soil health card; Rs 100 cr set aside for this. Rs 56 crore for soil testing labs across the country.
11:54 AMGovt to provide finance to 5 lakh landless farmers through NABARD: FM
11:54 AMNo changes in taxes retrospectively, Jaitley says
11:54 AMArun Jaitley resumes Budget presentation.
11:51 AMUnion Budget 2014 through infographics
11:46 AMFirst in a budget presentation? FM asks for a break of 5 minutes, granted by Speaker.
11:44 AMRs 100 crore for modernisation of madrasas: FM
11:43 AMDevelopment of Metro rails in PPP mode; Rs 100 crore set aside for Metro scheme in Ahmedabad and Lucknow.
11:43 AMFTII Pune, SRFTI Kolkata will be accorded the status of institute of national importance, says Jaitley.
11:42 AMLok Nayak National Centre for higher education.
11:41 AMMadan Mohan Malviya scheme for teacher training.
11:41 AMRs 500 crore for digital India programme to ensure broadband connectivity at village level, transparency in governance.
11:37 AMGovt proposes to set up 5 new IIMs and 5 new IITs.
11:36 AMThe four new AIIMS will be in AP, West Bengal, Vidarbha and Purvanchal
11:35 AM12 more medical colleges with dental facilities as well: FM
11:35 AMGovt to set up 4 more AIIMS: Jaitley
11:35 AMFM: Rs 3600 crore set aside for National Rural Drinking Water.
11:34 AMGovt to set up 4 more AIIMS: Jaitley
11:33 AMMeanwhile, the Sensex is down more than 150 points. (Reuters)
11:32 AMCrisis Management Centre for women in Delhi, money to be provided from Nirbhaya fund: FM
11:31 AMJaitley announces 'Beti padhao, beti badhao yojana', sets aside Rs 100 crore for this.
11:29 AMJaitley announces schemes for disabled persons in the country.
11:29 AMEPFO will launch a unified account scheme for portability of Provident Fund accounts: FM
11:28 AMA large amount of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised: Jaitley
11:28 AM15 new Brail presses to be established and revival of 10 existing announced.
11:27 AMThe govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this: FM
11:27 AMRs 200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion: Jaitley
11:25 AMArun Jaitley: Rs 500 crore for Deen Dayal Upadhyay rural electrification programme
11:25 AMGovernment intends to cover every household in the country by 2019: Jaitley on sanitation
11:25 AMTotal sanitation goals to be achieved by 2019: FM
11:24 AMGovt committed to providing 24/7 power supply to all homes: Jaitley
11:24 AMMeanwhile, Nifty is unchanged, trading 0.2% higher. (Reuters)
11:23 AMPradhan Mantri Krishi Sichayin Yojana to be started for irrigation: FM
11:22 AMWe look forward to lower inflation, FM says
11:22 AMSkill India programme to provide training and support for employment to be introduced: FM
11:20 AMI propose Rs 7060 crores for the development of 100 smart cities: Jaitley
11:19 AME-Visas to be introduced at 9 airports: FM
11:19 AMWe will examine proposal to give additional autonomy to banks and make them more responsible: FM
11:17 AMJaitley proposes measures to encourage development of smart cities
11:16 AMFM announces FDI in defence up from 26 to 49 % with Indian management and control.
11:15 AMIndia is an extensive buyer of defence equipment: FM
11:15 AMIndia needs a boost for job creation: FM
11:14 AMI propose to strengthen authority for advance ruling in tax: FM
11:14 AMGoods and Services tax wait should come to end: FM
11:13 AMWe wish to provide an investment friendly taxation system: Arun Jaitley
11:12 AMNo changes in taxes retrospectively, Jaitley says
11:12 AMAssures that Union govt will be fair in dealing with states: FM
11:11 AMFM Arun Jaitley presents Union Budget 2014
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