Vote on account: quick highlights live

Business

oi-Sunil

By Sunil Fernandes

Updated: Monday, February 17, 2014, 12:07 [IST]

The Vote on Account also called an Interim Budget is being delivered by Finance Minister P Chidambaram. Here are quick highlights:

12:07 pm: FM concludes his speech.

12:05 pm: FY 2015 fiscal deficit target at 4.1 per cent.

12.01 pm: Excise duty cut to 10 per cent for capital goods and consumer durables.

12:02 om: Cut excise duty on mid-segment cars to 20% from 24%:

12 pm: Excise duty cut for auto sector

11:57 am: Intend to place DTC on public forum, says FM

11:56 am: Must achieve fiscal deficit of 3 per cent of GDP by 2016-17, says FM

11:55 am: RBI must balance between price stability and Growth, says FM

11:53 am: I propose to strengthen the framework for the commodity market, says FM

11:51 am: FY15 capital infusion in PSU banks to be Rs 11,200 crore

11:47 am: Over 41 lakh women SHGs have been given credit by Dec 13

11:46 am: Defense budget up 10%, one-rank-one-pension for defence approved.

11: 44 am: Subsidies placed at Rs 2.46 lakh crores

11: 43 am: Rs 1,15,000 crores allocated for food subsidy.

11: 39 am: FY 2015 planned expenditure at same level as of last year at Rs 5.55 lakh crores

11: 38 am: Approval has been given to many technology based industries.

11: 38 am: To ensure safety of women I had allotted Rs 1,000 crore for the Nirbhaya fund last year: FM

11:36 am: FDI policy was liberalizes in retail, power etc

11:35 am: About 50000 MW of Thermal power projects will completed.

11: 34 am: Sugar sector freed, diesel prices partially freed, says FM

11:34 am: 296 projects worth Rs 6,60,000 crore cleared by Cabinet Committee

11:32 am: 39,000 kms of roads added

11:30 am: I reject the argument of policy paralysis: P Chidambaram

11:29 am: FY14 food grain production stands at 263 metric tonnes.

11:28 am: The installed power capacity has been augmented: Chidambaram

11:25 am: Growth in Q3-Q4 will be at least 5.2%: FM

11:25 am: Agricultural GDP growth at 4 per cent

11:22 am: 9 projects approved by DMIC Trust.

11:21 am: Food inflation continues to remain a challenge, says FM

11:20 am: Markets steady - Sensex up 26 points, Nifty up 5 points.

11:18 am: FY 2014 CAD estimated at $45 billion.

11:18 am: Added 15 billion to forex reserves.

11:15: Fiscal deficit for FY 2014 to be contained at 4.6% of GDP

11:15 am: Global economic growth at 3 per cent, says FM

11:10 am: Chidambaram rises to speak amidst chaos in the Lok Sabha.

11.:05 am: FM not to make interim speech inside parliament. To do so outside parliament.

11:00 am: Markets steady before vote on account - Sensex up 68 points, Nifty up 13 points.