Union Budget 2015-16: Live Updates

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It's the first full fledged Union Budget from finance Minister Arun Jaitley and perhaps one of the most eagerly watched in recent times. Here are live updates from the same.

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12.37 pm

Arun Jaitley concludes the speech

12:35 pm

Interest on 'Sukanya Samridhi Yojna now tax exempted.

12:30 pm

Tax exemption on transport allowance increased to Rs 1600.

12:25 pm

Limits on pension funds tax exemption increased to Rs 1.5 lakhs from Rs 1 lakhs.

12:25 pm

Increase in limit of health insurance from Rs 15,000 to Rs 25,000.

12:24 pm

Excise duty on footwear where cost is less than Rs 1000 reduced.

12:20 pm

Replace wealth tax with a surcharge on super-rich, will lead to 9,000 cr additionally.

12:18 pm

GAAR to be deferred by 2 years.

12:16 pm

Benami transaction prohibition bill to be introduced for curbing black money: FM

12:14 pm

Nonfiling of returns, or filing of returns with inadequate information will attract imprisonment.

12:12 pm

To enact a comprehensive law on black money stashed abroad: Jaitley 

12:10 pm

Corporate tax to be reduced by 5% in the next 4 years from 30% to 25%.

12:05 pm

GST to be implemented next year.

11:58 am

Budget allocation for defence Rs 2.46 lakh crore: Jaitley

11:55 am

FM proposes an IIT institute in Karnataka, Horticulture Institute in Amritsar.

11:53 am

Renewable energy target revised to 1,75,000 MW.

11:51 am

To raise visa on arrival facilities to 150 countries from 43.

11:49 am

Rs 1000 crores for Nirbhaya Fund.

11:45 am

Gold Monetize Scheme. A sovereign gold bond in place. Gold coin with Ashoka Chakra, so as to reduce demand for gold coins from abroad.

11:42 am

Initial sum of Rs 150 Cr to create world class IT hub to take advantage of our competitiveness.

11:40 am

Expert committee to examine need for multiple prior clearances for projects.

11:38 am

PPP model of Infrastructure to be revitalized and realigned: Jaitley

11:36 am

Tax free bonds are back. Infrastructure bonds for investment in railways and roadways.

11:35 am

To increase access to formal credit system, a senior citizens' welfare fund, says FM.

11:30 am

To launch PM Suraksha Bhima Yojana, offering coverage of 2 lakh rupees for just premium of Rs.12

11:28 am

To allocate Rs. 34,699 Cr for MNREGA.

11:25 am

To set up Mudra Bank aimed at lending to lower income groups.

11:24 am

Target of 8.5 lakh crores credit to be given to farmers in 2015-16.

11:19 am

We need to cut subsidy leakage, not subsidy itself, says finance minister.

11:15 am

Will meet the fiscal deficit target of 4.1% for 2014-15, says Jaitley.

11:14 am

Need to ensure education improves in terms of quality and outcomes, says Finance Minister.

11:11 am

Expect CPI to remain close to 5 per cent By Year-end, says Jaitley. 

11:10 am

FM highlights three achievements that reflect their work including Jan Dhan Yojana, Coal auctions and Swachh Bharat.

11:06 am

We inherited a sentiment of doom and gloom and have come a long way by pure actions, says FM.

11:05 am

Embraced States as equal partners in economic growth, says Jaitley.

11:00 am

FM rises to present the Union Budget 2015-16.

10:50 am

Jewellery stocks are up on hopes of a cut in import duty on gold.

10:41 am

Union Budget Papers are being taken to parliament currently.

10:35 am

For the last one hour the Nifty has been in a tight range hovering between gains of between 55-72 points. But some volatility can be expected shortly.

10:30 am

2014-15 fiscal deficit may be within the targeted 4.1%. Estimates for 2015-16 could be around 3.6%.

10:10 am

Watch out for jewellery stocks on hopes of import duty cuts on gold and auto stocks on excise benefits.

10:03 am

Housing Finance company stocks which have been on fire on hopes of tax sops on home loans continue to see buying interest.

9:45 am

Markets are trading higher once again for the second day in a row hours ahead of the Union Budget.

Union Budget 2015-16: Live Updates

9:30 am

Finance Minister Arun Jaitley leave for parliament.

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Read more about: union budget 2015, arun jaitley
Story first published: Saturday, February 28, 2015, 9:52 [IST]
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