Arun Jaitley’s team for this budget is lead by Finance Secretary Ratan Watal, DEA Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Disinvestment Secretary Neeraj Gupta. There are so many burdens on the shoulders of the Finance Minister Arun Jaitley.
Minister of State for Finance Jayant Sinha while addressing India-Korea Business Summit in New Delhi had said, “We are working hard on the Budget for year 2016-17 that shall be presented on February 29 and that will establish a roadmap for two or three years. We have consistently followed a very clear set of economic policies, we have laid out economic principles very well and we are very confident that we will be able to sustain high growth over a long period of time.”
On the other hand where everyone is waiting for the budget to be presented today at 11:00am, we hope the budget comes out to be an aam-aadmi budget.
Here are the live updates on the Finance Budget 2016:
Presenting this Budget when global growth has slowed down: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Amidst global headwinds, the Indian economy has held its own firmly: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
India hailed as the bright spot & that India’s growth is extraordinarily high : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
We converted every challenge into opportunity: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
I am presenting this Budget when the global economy is in serious crisis: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Growth of GDP has accelerated to 7.6% .CPI inflation has declined to 5.4% – FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
We believe in the principle that money with the government belongs to the people:
FM @arunjaitley #UnionBudget2016— Oh My India (@OhMyIndiaNews) February 29, 2016
Foreign exchange reserves are at highest ever level: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Farm, rural sector, infra, social sector to have more Government expenditure: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Indian growth is extraordinary high; we converted difficulties and challenges into opportunity: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Govt. to undertake 3 major schemes to strengthen the weaker section of the society : @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
We wish to increase expenditure on infra, rural development and bank recapitalization: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
5 साल में किसानों की आमदनी दोगुनी करेंगे : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Agenda for next year is to undertake transformative measures based on 9 pillars for India: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
FM Lists Agri, rural sector, social sector, edu skills/job creation, infra investment, financial sector reforms #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
governance, ease of doing business, fiscal discipline, tax reforms #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Pradhanmantri Krishi Sinchaai Yojna stregthened & implemented in Mission Mode: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Aim is to double the income of farmers by 2022: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Implementation of 89 irrigation projects which have been languishing : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
New Schemes to promote organic farming, with focus on domestic and export market : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
New Schemes to promote organic farming, with focus on domestic and export market : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
FM invokes Ambedkar, unified market scheme will be launched on his birthday : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Will aim to give statutory backing to Aadhar platform for direct benefit transfer: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
5 lakh acres to be brought under #organicfarming over three years: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Soil health card scheme to be implemented with greater vigour, all 14,000 crore Farms to be included under it by 2017 #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs 19,000 crore to be allocated for Pradhan Mantri Gram Sadak Yojana : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs 5,500 crore provided for Fasal Beema Yojana: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
To recue loan burden to farmers, govt allocates Rs 15,000 crore: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
65 eligible habitats to be connected via 2.23 lakh kms of road.Current construction pace is 100 kms per day : @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Highest ever amount allotted for MNREGA : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
60,000 crore for recharging of ground water recharging: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs 38500 crore allocated for the MNREGS in FY17: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rural electrification:5542 villages in Feb 2016,more than total combined achievement of previous three years: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Govt is committed to achieve 100% village electrification by 1st May 2018: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
A dedicated irrigation fund worth Rs. 20,000 crores: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
300 rurban clusters to be set up under Shyama Prasad Mukherji Rurban Mission : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs 9,000 crore for Swachh Bharat Mission in #UnionBudget2016 : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
90% of domestic honey is now exported: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs. 87,765 crores for rural development as a whole have been allocated in the budget : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Health protection scheme up to Rs 1 lakh with additional package of Rs 30 k for senior Citizen : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
LPG connections to BPL households: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
National Dialysis Scheme under PPP in all districts; certain equipment parts to be exempt from Customs duty: FM@arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
3,000 new Jan Aushadhi stores to come up for quality medicines: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
This will become year of SC/ST entrepreneur year : FM @arunjaitley #UnionBudget2016
Seriously???— Oh My India (@OhMyIndiaNews) February 29, 2016
Govt to spend Rs 850 crore in a few years on animal husbandry, cattle and livestock breeding: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs. 500 crores for #StandUpIndia : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Higher education financial agency with Rs 1,000 crore to boost higher education: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Health protection scheme for health cover upto 1 lakh per family: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
1500 Multi-skill training institutes to be set up: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
1 crore youth to be skilled in the next 3 years under the PM Kaushal Vikas Yojana : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Digital depository for academic certificates to help reduce the issue of fake degrees: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Govt will pay 8.33% interest to all new employees enrolling under EPFO : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Small shops should be allowed to work on all 7 days: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
India achieved highest Motor Vehicles Manufacturing and highest number of kms of Road Construction awarded in 2015 #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Total outlay of Rs 2,18,000 crore for railways and roads in FY17: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
75 lakh middle class and lower middle class have voluntarily given up subsidy on LPG : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Total budget outlay of Rs 2,21,246 crore for infrastructure: FM @arunjaitley #UnionBudget2016
Can this be spent without corruption? lol— Oh My India (@OhMyIndiaNews) February 29, 2016
Centre to partner with state govts to rejuvenate regional airports: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
3000 crore rupees earmarked for nuclear power generation: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Target of 10,000 km of national highway and upgradation of 50,000 km of state highways in 2016/17 : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Initiatives being introduced to reinvigorate infrastructure sector through PPP: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Tax-free Infra bonds to be issues again this year : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
A public utility resolution of disputes bill will be introduced during 2016-17 : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
100% FDI will be allowed via FIPB for marketing of food produced in India: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Rs 1,000 crore allocated for new EPF(Employees’ Provident Fund) scheme : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Comprehensive code of bankruptcy resolution of financial firms will be introduced as a bill in 2017: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Financial Data Management Centre for integrated data collection and analysis: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
‘New credit rating system for infra to be developed’ : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
62 new Navodaya Vidyalas will be opened : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
25,000 crore for recapitalization of public sector banks : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Provide better access through micro ATMs and ATMs: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Amount sanctioned under PM MudraYojana has reached Rs.1 lakh crore to cover 2.5 crore borrowers by Feb, 2016:@arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Public Money should reach the poor and deserving without any leakage : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
#DBT on pilot basis in fertilisers to be introduced in some districts : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
More no. of benches of Security Appellate Tribunal to be introduced by amending SEBI Act to reduce pendency: FM@arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Fiscal deficit for FY 2016-’17 targeted at 3.5%: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
160 airports and airstrips can be revived at a cost of Rs 50-100 Crore each – FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Initial sum of 100 crore each for celebrating birth anniversary of #DeenDayalUpodhyaya, Guru Gobind Singh Ji: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Initial sum of 100 crore each for celebrating birth anniversary of #DeenDayalUpodhyaya, Guru Gobind Singh Ji: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Government acknowledges the role of tax payers in Nation building: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
HRA deduction increased to Rs 60,000 per annul : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
For tax payers earning below Rs 5 lakh, ceiling on tax rebate increased by Rs 3,000: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Relief will amount to Rs 3000 per annum; 1 cr tax payers to benefit: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Committed to implementing GAAR from April 1, 2017: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Plan Non-plan distinction to be removed from 2017/18: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Suitable changes to be made in customs & excise duty rates to improve competitiveness and boost #MakeInIndia: @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Incentives for new manufacturing companies and smaller enterprise companies: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Bill will be introduced in Parliament to facilitate registration of Start ups in one day : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
100% deduction on profits to undertakings for construction of affordable housing: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Krishi Kalyan Cess to be imposed on all taxable services for agricultural sector: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Clean energy cess increased from RS. 200/ton to 400/ton on coal, lignite and peat: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
5 लाख रुपये तक की वार्षिक आय वाले कर दाताओं के लिए आयकर सीमा 2000 रुपये से बढ़ाकर 5000 रुपये किया गया : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Our Govt is completely committed to removing black money from the economy : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Excise duty on Tobacco products increased by 10-15%: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Limited tax compliance window from Jun 1 – Sep 30 for declaring undisclosed income at 45% incl. surcharge and penalties #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Penalty to be 50% of tax in income under-reporting cases, 200% in misreporting of facts: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Levy of heavy penalty for non payment of tax has led to high litigation. Proposal to modify scheme for penalties #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
No change in Income Tax slab for 2016-17: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
To reduce multiplicity of taxes and cascading – 13 taxes with collection less than Rs. 50 Crores a year abolished #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
11 new benches of tax tribunals to be established to reduce pendency : FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Scope of e-assessment to be expanded to 7 mega cities, to simplify compliance for taxpayers: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
Income tax dept. will expand e-sahyog to assist small taxpayers: FM @arunjaitley #UnionBudget2016
— Oh My India (@OhMyIndiaNews) February 29, 2016
