12:41
Sensex slips back in red as the FM finishes his Budget speech.
12:37
Barring BSE Auto index down 0.2%, all sectoral indices on the BSE in green; BSE FMCG index top gainer up 2.4% Rs 150 core to create world class IT hub in...
12:35
Full exemption from CENVAT for various products and reduced SAD on import of raw materials.Income Tax reduction from 25 per cent to 10 per cent on royalty for providing technical services: FM.Additional deduction of Rs 50000 under section 80CCD, with aim of moving from pensionless to a pension...
12:29
Swachh Bharat Abhiyan: 100% deduction allowed for all contributions except CSRPropose some changes in excise duty on cigarretesLeather footwear incentives to benefit companies like Bata and leather manufacturersService tax rate to rise to 14% from 12.36%Cess on coal increased. Negative for metal...
12:28
Excise duty rate effectively raised, petroleum products exempt from excise hike
12:25
Surcharge increased by 2% on income of Rs 1 crore and above: move to fetch govt Rs 9,000 cr against Rs 1,008 currently mobilised under wealth tax
12:24
Will abolish rich tax, additional surchage of 2% on super-richGAAR defers by two years; Markets rally; Sensex up 301 points at 29,521; Nifty gains 77 points at 8,921Propose to exempt special additional duty on all itemsIncome tax on royaty fees to be cut from 25% to 10%
12:21
Propose to exempt SAD on all itemsIncome tax on royaty fees to be cut from 25% to 10%Propose to reduce customs duty on 22 itemsBasic custom duty to be reduced for 22 items
12:19
Rs 1,200 crore for fast track corridor between Ahmedabad and Mumbai: FMTotal expenditure estimated at crore Rs 17.70 lakh crore: FMTo allow tax pass through for alternate investment fundsFY16 expenses at Rs 13.13 lakh crore: FMDomestic black money: A new benami transaction bill to be...
12:15
BSE Bankex up 1%; Bank of Baroda, Canara Bank, PNB, Axis Bank, ICICI Bank, Bank of India, SBI, IndusInd Bank, Yes Bank, Kotak Bank, HDFC Bank up 0.1-4%Stringent measures against holders of black money, foreign assetsUndisclosed Income to be taxed at maximum marginal rate, deductions and...
12:13
We will bring new law to bring back black money stashed abroadMarkets surge: Sensex up 186 points at 29,406; Nifty gains 49 points at 8,894To launch measures to tackle black money: FM
12:11
Exemptions for individual tax payers to continueRemoval of exemptions add to profits of corporateExemptions and incentives to individual tax payers to continue
12:09
Basic rate of corporate tax to be 25%
12:07
Non-plan spend at Rs 13.12 lakh cr; Total expenditure 17,77,477 lakh croreNon Plan expenditure 13 lakh cr, Plan expenditure estimated at Rs 4.65 lakh croreJewellery companies such as Gitanjali Gems, Shrenuj & Co, Tribhovandas Bhimji Zaveri gain
12:03
Sensex down 8 points at 29,212; Nifty drops 7 points at 8,838I propose special assistance to Bihar and WB as has been provided in the case of Andhra PradeshJ&K, Andhra to get their own IIMSpeeding up of Digital India to benefit fibre optic companies like Sterlite Tech
12:00
Rs 15,000 crore scheme to skill rural India: FMNational Skills Mission planned to power youth: FMSkill India needs to be cooordinated with Make In India: FM
11:59
Indian Institute of Mines inn Dhanbad to be upgraded to IIT status; Karnataka to get IITI propose AIIMS in J&K, Punjab, TN, Himachal Pradesh and Assam; to augment AIIMS-like institute in BiharTo set up AIIMS in J&K, Himachal, Assam, Tamil Nadu and PunjabWill ensure no student loses out on...
11:57
Sensex up 103 points at 29,323; Nifty gains 26 points at 8,871Rupay Debit Cards to be incentivised. Move towards paperless transactions: FMWe will launch National Skills Mission, will consolidate skill initiatives across ministriesTo introduce Regulatory Reform law for innfrasructure
11:55
To do away with distinction between FPIs and FDII propose to allow foreign investment in alternative investment funds; propose to do away distinction between FPI and FDITo introduce India made gold coins to replace foreign coinsI propose to develop following heritage sites; Elephanta Caves; old...
11:48
GST to bring greater transparency: FMDirect Tax plan to get competitive edge: FMCRISIL analysis: Government committed to keeping inflation below 6%, CRISIL expects CPI at 5.8% in FY16Task force to be set up to establish grievance agency for financial redressals: FMGold Monetisation Scheme to...
11:47
FMC to be merged with SEBI, MCX can see increased regulationWill set up public debt management agency; Will merged FMC with Sebi to strengthen commodity marketWill establish National Infra Fund, to Allocate Rs 20,000 crExpert panel to prepare draft on easing permissions for doing business: FMEase...
11:43
Rs 5,000 cr allocation to MNREGATo set up 5 ultra-mega power projects of 4,000 MW eachNew UMPP projects to benefit capital goods companies like BHEL, L&T, AlshtomSecond unit of Kudankulam nuclear plant will be commissioned in 2016Public Sector Ports to be made firms under Companies Act: FM
11:39
Atal Innovation Mission to foster culture of research among India's and global brains: FMCapex for state PSUs to be Rs 3.17 lakh crore: FMOutlay upped by 24,000 cr for rail, road: FM
11:37
National Investment & Infra fun to be set up with govt funding for Rs 20,000 crInvestment in infra will go up by Rs 70,000 cr in FY15-16 from govt sideMarkets remain steady: Sensex up 207 points at 29,427; Nifty gains 57 points at 8,901Targets Rs 1.25 lakh cr public investment for...
11:33
PM Surakhsha Bhima Yojana to increase the access to insurance; it will be linked with Jan Dhan YojanaWill launch PM Suraksha Bhima Yojana, offering coverage of Rs 2 lakh for just premium of Rs 12Propose Rs 1.25 lakh crore public investment for FY16
11:32
Direct Benefit Transfers via JAM trinity and GST will be major achievementsLarge portion of India's population is without insurance. Encouraged by Jan Dhan Yojana, we will create universal social security system for poor and unprivileged.We will bring comprehensive bankruptcy code in 2015-16 of...
11:30
Electrification of villages by 2020: FMAiming for a double digital growth rate is seeming feasible: FM Arun Jaitley
11:28
To allocate Rs 5300 cr for micro-irrigationBSE FMCG index up 0.2%; Emami, Colgate-Palmolive, HUL, Nestle India, ITC, Britannia up 0.1-1.5%To allocate Rs 35000 cr for MNREGAAim for farm credit of Rs 8.5 lakh crore in FY16Need to curb subsidy leakages, not subsidyIncreased micro irrigation spend to...
11:23
Direct transfer of benefits to be expandedDirect transfer of benefits to be expanded furtherBSE Auto index up 0.1%; M&M, Maruti Suzuki, Tata Motors, Bajaj Auto, Bharat Forge, Cummins India, Motherson Sumi up 0.1-2%We need subsidies, but we need to end leakages, not the subsidies themselves
11:21
To achieve 3.9% fiscal deficit for FY16Target: To achieve 3% fiscal deficit in three yearsWe will meet fiscal deficit target of 3% of GDP in three years compared to two years previouslyBSE Capital Goods index up 2%; L&T, BHEL, Suzlon Energy, Va Tech Wabag, Alstom T&D, ABB India, BEL up...
11:20
FM: A roof for each family in India by 2022- 75th Year of India's IndependenceFM: Incremental change is not going to take us anywhere we have to think in terms of quantum jumps
11:18
Completing 1 lakh km of road to be a top priorityTo see 6 cr housing units in rural and urban areas by 2020BSE Bankex up 1.4%; ICICI Bank, ABI, Axis Bank, HDFC Bank up 1-3%Need to build 1 lakh kilometres of new roadsGST to be in force by April 1, 2016
11:17
Our objective is to keep inflation below 6 per cent & work towards substantial reduction of povertyRural urban divide to be removed: FMEducation, skilling our youth big focus: FM80,000 secondary schools to get upgrade: FMTo sanction 1 lakh km of new roads: FMFM: Two game changing reforms: GST...
11:16
In terms of communication, the rural and urban divide is not acceptable to usProviding medical facilities in each village, providing skills to youth, education for all is our aimMonetary Policy Committee to work towards maintaining inflation below 6%
11:15
FM: Our achievement is to conquer inflation; will be only five percent by end of yearThe latest CPI inflation is 5.1 %: Arun JaitleyWe will build 6 crore toilets: FMMove to amend RBI act and provide monetory policy committee: FM
11:14
GST date of April 2016...the first positive coming out of the budget speechOne of the aim has been to contain inflation. We expect CPI inflation to stay close to 5%. We have concluded a monetary policy framework with RBI.We have now embarked on two more things: GST will put in place state-of-art...
11:13
a. Success of Jan dhan yojana. Over 12.5 crore families covered as part of financial inclusion initiativeb. Coal auction. States having coal reserves to get lakhs of crores of rupeesc. Swachh Bharat. 50 lakh toilets already completed, target is to have 6 crore toilets
11:11
FM: Jan Dhana Yojana makes our aim of financial inclusion visibleStates have been empowered financiallyFM: Economic environment far more positiveObjective is to improve quality of life and to pass benefits to common man: FM Arun Jaitley
11:10
Objective is to improve quality of life and to pass benefits to common man: FM Arun JaitleyBroader Markets: BSE Midcap index up 0.7%; BSE Smallcap index up 0.8%I would like to highlight three areas: Jan Dhan Yojana has been a success; transparent auction process for coal will help states; third...
11:09
Top Sensex losers: Hero Motocorp, Cipla, Bharti Airtel, Wipro, Coal India down 0.2-1%FM: Current account deficit for FY15 is less than 1.3% of GDPThe people of India have voted for faster growth, a corruption-free govt. We have lived up to that trust.Top Sensex gainers: Tata Steel, BHEL, HDFC,...
11:08
It will make India the largest growing economy in the worldFM: World says its Indias chance to fly
11:05
I rise to present the Union Budget 2015. I present this Budget in an economic environment, which is far more positive than previous years: JaitleyIndian states have been more empowered that ever beforeMarket update: Sensex up 242 points at 29,462; Nifty up 67 points at 8,911
11:02
We need to see massive investments going into infrastructure, R&D
10:58
Finance Minster must not forget poor states: Nitish Kumar
10:56
FM, MoS & officers briefed President Mukherjee on main features
10:54
Remain fully invested. We are in the middle of a good bull market: Shankar SharmaWe are in the middle of a good market and investors needn't worry about Budget impact: Ramesh Damani
10:53
Shankar Sharma, First GlobalGovt may utilise savings on oil to fund infrastructureOur yields are good, it's good time to be bullish on India
10:45
Nifty hovers above 8900 ahead of the Union Bugdet
10:42
Union Budget to be unveiled soon; Nifty holds above 8,900
10:41
Budget 2015 should address health, education and other aspects, it must look into the overall development of the nation: Dilip Pandey, AAP
10:38
Expect big announcements in the Budget related to infrastructure: Ranen Banerjee
10:35
Ramesh Damani: Last two days were pre-Budget rally, the real picture will spell out after FM's delivery
10:35
Prime Minister Narendra Modi reaches parliament
10:22
Defence stocks leads charge on hopes of big ticket announcements from Budget 2015Bharat Electronics (up 2.1 per cent), Bharat Forge (up 1.1 per cent), Astra Microwave Products (up 2.2 per cent), and BEML (up 1 per cent)
10:20
Housing finance companies in focus; HDFC, LIC Housing, Dewan Housing hit lifetime highBudget will be a roadmap for development, will fulfill people's aspirations: Prakash Javadekar
10:19
Kiran Mazumdar Shaw: Corporate India wants game-changing reforms from this Budget
10:17
Sensex rallies over 200 points, Nifty reclaims 8900 ahead of Budget 2015-16
10:14
FY16 fiscal deficit targetFY16 borrowing planFY 16 Divestment targetSops for 'Make In India'Tax cut
10:10
Cabinet meet on, Jaitley answers queries by ministries before BudgetCredit Suisse: Budget could pave way for rate cuts in AprilLupin: GDP growth at 8-9% will enable 16-17% growth in Pharma sectorHousing companies gain on hopes that government will take steps towards affordable housing. Ansal...
10:01
Shares of infrastructure companies gained momentum in trade on hopes the government will work towards clearing stalled infrastructure projects
10:00
Capital goods, banks and power are the top sectoral gainers while auto and pharma stocks are marginally in the red
09:56
BSE Realty index was trading 2.2 per cent higher, led by gains in Mahindra Lifespace (up 4.3%), Unitech (up 3.4%), NBCC (up 3.2%), Oberoi Realty (3.1%) and HDIL (up 2.4%)
09:54
Sensex up over 250 points; BHEL top Sensex gainer, up 3%; Nifty reclaims 8900
09:43
Hope there is stress on equitable education and quality healthcare: APJ Abdul Kalam
09:40
Cabinet meeting at 10:15 AM, ahead of the Budget
09:37
Congress:Make in India should find focus in the BudgetGovt should look at reducing subsidiesEase of doing business is something that FM would need to look at
09:26
Renewable energy focus area, an eye on funding kind of structure like REIT or tax accelerated depreciation.
09:25
Power sectorSubsidy, tax exemption for stranded gas assets: Positive for GMR Infra , Lanco Infra , GVK Renewable sector
09:25
Titan/ jewellery cos Cut in gold import duty: Positive for Titan
09:24
ITCExcise duty hike up 10 percent factored in Lowering or no increase in 64 mm cigarettes
09:23
Oil & gasCustom duty hike of 2.5-5 percent expected: Positive for ONGC , OIL ; Negative for OMCs FY16 subsidy figure over Rs 35000 crore: Positive for ONGC, OIL
09:22
Housing for all and relaxation on personal taxation slabReal estate cos: HDIL , Unitech , Puravanakara , smaller real estate playersTax claity on REITS REITs may be exempt from DDT/MAT and long-term capital gains exemption for sponsorsStocks: DLF , Prestige , Adani Ports Banks Clarity on holding...
08:43
Credit Suisse sees FM boosting capex, raising I-T slabGovernment plans to raise public health spend to 2.5% of GDPTata Steel hopes FM will take steps to arrest rising importsPlan expenditure may increase by 15-18%Nabard expects rural credit fund in Union BudgetBudget 2015 may back off fertiliser...
08:37
India Inc wants to see steps to cut subsidy.Hope we wont see any populism in Budget today: Arvind Sangar, Managing Partner, Geosphere Capital ManagementBudget needs to be realistic: SangarCan't depend on low oil price to fix deficit: Sangar
08:20
Expectations: Eliminate lowest tax paying slab Increase competition limits: conveyance, education and medicalIncrease Sec 80C deduction limitsTax saving bondsAlter Capital Gains TaxIncentives for infrastructure projectsEnhance investment allowance: SMEsGive full benefit of earlier exemption:...
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