12:41 FM ends Budget speech
12:38 Net positive impact of loss from direct tax measures and indirect tax gains pegged at Rs 19,610 cr, says FM
12:35 Non residents without PAN are subject to higher TDS, if they provide an alternative document this shall not apply
12:31 One-time scheme to dispute resolution for retrospective taxation cases, if they take back their appeals and pay principal penalty amount i.e., interest and surcharge waived
12:30 New dispute resolution scheme for taxation
12:27 Limited period compliance window for those with historical undisclosed income, subject to conditions
12:26 Clean energy cess on coal raised
12:25 Infrastructure cess on certain automobiles
12:24 10 per cent dividend distribution tax for those earnings over Rs 10 lakh through such dividends, in addition to DDT imposed on those making the payment
12:23 Surcharge raised for those earning over Rs 1 cr
12:20 Additional interest deduction for housing loan borrowers for properties worth up to Rs 50 lakh to boost affordable housing
12:19 Withdrawal of up to 40 per cent of corpus made tax exempt for NPS
12:16 Long term capital gains taxation period for unlisted firms reduced from 3 to 2 years
12:13 No capital gains for AIFs for investment in startups
12:12 Corporation tax proposal- first phase, new manufacturing cos incorporated on or after March 31, 2016, given an option of being charged 25 per cent besides surcharge
12:11 Tax relief for MSMEs
12:10 HRA allowance raised from Rs 24,000 to Rs 60,000 per annum
12:09 Tax rebate for small taxpayers
12:08 FM turns to tax reforms now
12:07 Committee to review and improve FRBM Act
12:03 Fiscal deficit target for 2016-17 retained at 3.5 per cent of GDP
11:58 Massive ATM, micro ATM rollout envisaged in post offices
11:57 Rs 25,000 cr allocated for bank recapitalisation
11:56 Comprehensive scheme to tackle fraudulent collective investment schemes
11:55 SEBI to bring new derivatives products
11:54 To deepen corporate bond market
11:52 Bankruptcy code to be introduced in Parliament in 2016-17
11:51 100 per cent FDI through FIPB route for marketing food products manufactured and marketed in India to support food processing industry
11:50 Duty drawback scheme to include more products
11:45 To incentivise gas production from deep sea and ultra deep sea water
11:45 To develop 10 of 25 non-functional air strips
11:44 Open up passenger road transport further
11:43 Total of Rs 97,000 cr to be spent on roads (including rural roads) in 2016-17
11:41 Rs 55,000 cr allocated for roads and highways, topped up by what NHAI raises through bonds
11:40 Model shops and establishment bill to allow shops to be open all/late night
11:39 100 model career centres by end of 2016-17
11:36 Digital depository of education documents
11:35 Higher education financing agency with initial capital of Rs 1,000 cr
11:32 Dialysis services to get incentives
11:30 New health protection scheme worth Rs 1 lakh/ family, households with senior citizens to get additional Rs 30,000 per family
11:29 LPG connection for poor women, allocation of Rs 2,000 cr
11:27 Rs 87,765 cr allocated for rural development as a whole
11:26 New digital literacy scheme to cover more rural people
11:25 Rs 9,000 cr provided for Clean India/ Swachh Bharat programme
11:23 Rs 38,500 cr allocated for MGNREGA
11:19 Rs 15,000 cr allocated for interest subvention in agriculture
11:17 Rs 27,000 cr to be spent on village road project in 2016-17, including money to be pitched in by the respective states
11:15 Total allocation for agriculture set at Rs 35,984 cr
11:13 Dedicated long term irrigation fund with initial corpus of Rs 20,000 cr
11:11 Public listing of general insurance firms
11:10 Statutory backing for Aadhaar platform
11:08 2016-17 to be challenging for fiscal management
11:07 Consumer inflation under control despite two consecutive years of poor monsoon
11:06 Indian economy held its ground despite global headwinds
11:05 FM starts Budget speech
10:32 As Leonardo DiCaprio wins Oscar for best actor, now it is up to Arun Jaitley to show if he can emerge after the 'bear mauling'
10:20 In case you missed it, here's a peek at the Budget wishlist of angel investors and incubators
10:19 In case you missed it, here's a peek at the Budget wishlist of angel investors and incubators
10:18 In case you missed it, here's a peek at the Budget wishlist of tech startups
10:17 In case you missed it, here's a peek at the Budget wishlist of healthcare firms
10:16 In case you missed it, here's a peek at the Budget wishlist of consumer goods and service companies
10:15 In case you missed it, here's a peek at the Budget wishlist of PE, VC funds
10:00 Arun Jaitley would stand up for the budget speech in an hour even as murmur grows that this may be the last time he does so
9:50 The key number to watch out for in Budget speech: fiscal deficit target for 2016-17: will it be retained at 3.5 per cent of GDP or will the government relax it closer to the 3.7 per cent level?
9:15 Markets give up early gains and almost flat as trading gathers pace
9:00 Markets open in the green. Sensex up 0.36 per cent soon after opening bell, Nifty up 0.29 per cent
8:50 Finance minister Arun Jaitley and minister of state for finance Jayant Sinha reach North Block for Union Budget
