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Live: Tax rate reduced to 5% on income Rs 2.5L-5L
Highlights
Get live updates on Budget 2017 along with key highlights, latest news, budget 2017-2018 analysis and more
Get live updates on Budget 2017 along with key highlights, latest news, budget 2017-2018 analysis and more
2:20 PM
This budget is women, poor-friendly budget; PM Modi has fulfilled his promise made in 2014 to bring in transpanecy in politics: Amit Shah pic.twitter.com/P1MrPyErLh
— ANI (@ANI_news) February 1, 2017
1:50 PM In many ways this budget will facilitate the changes that our country is going through - PM Modi
1:43 PM The commitment to eliminate corruption and black money is reflected in the Budget - PM Modi
1:43 PM
#WATCH: PM Narendra Modi shares his views on #Budget2017. pic.twitter.com/CBGOXTZkju
— ANI (@ANI_news) February 1, 2017
1:40 PM Budget lays special emphasis on digital transactions - PM Narendra Modi
1:37 PM An important link between all the steps taken in the last 2 and a half years and the development in future that will follow: PM
1:35 PM The FM has presented an 'Uttam' Budget, devoted to strengthening the hands of the poor: PM Modi
1:32 PM
Its a historic and important budget which will have a long term impact: Nitin Gadkari #Budget2017 pic.twitter.com/c5TdY38DFR
— ANI (@ANI_news) February 1, 2017
1:30 PM Consider it mix budget.Industry hoped lot more fr promotion of investment bt I think FM did whatever ws possible: DS Rawat,Gen Secy ASSOCHAM
1:27 PM Nothing on defence pending; How are they fighting #UPElections? Did they get donations in cheque or digital payment?: Renuka Chowdhury, Cong
1:25 PM
Its a very good budget with focus on skill development, it is women friendly: Sonali Jaitley(daughter of FM) pic.twitter.com/DGHBwKRPrz
— ANI (@ANI_news) February 1, 2017
1:20 PM The budget is rhetorical, but in actually creating jobs, there is precious little. Railways got a cursory mention: Manish Tewari,Congress
1:20 PM What is the need to present the Budget every year? Were all announcements of last year's budget fulfilled? - Uddhav Thackeray,Shiv Sena
1:18 PM The Budget was all about 'sher-o-shayari'. They haven't done anything for the youth or farmers - Rahul Gandhi
1:17 PM Any step to clean political funding will be supported by us: Rahul Gandhi
1:17 PM We were expecting fireworks, instead got a damp squib: Rahul Gandhi on Union Budget
1:16 PM Budget fact: Of 76 lakh individuals who reported income of over Rs 5 lakh, 56 lakh are salaried
1:16 PM Budget highlights: 10% surcharge - if your annual income is Rs 50 lakh to Rs 1 crore
1:15 PM Sensex up by over 300 points after Jaitley's Budget 2017 speech, Nifty up 80 points
1:00 PM Finance Minister spoke for about 1 hour and 50 minutes. The presentation of the Budget concludes.
12:58 PM Lok Sabha adjourned after FM Jaitley concludes his Budget2017 speech
12:57 PM 15% surcharge on incomes above Rs 1 crore to continue: FM Jaitley
12:57 PM Surcharge of 10% for those whose annual income is Rs 50 lakh to 1 crore: FM Jaitley
12:55 PM Propose to reduce existing rate of taxation of those with income between 2.5 lakh to 5 lakh from 10% to 5%: FM Jaitley
12:54 PM An amendment being proposed to RBI Act to enable the issuance of electoral bonds for political funding: FM
12:53 PM Political parties will be entitled to receive donations by cheque or digital mode: Arun Jaitley
12:50 PM Maximum cash donation any party can receive will be Rs 2000 from one source: FM Jaitley
12:43 PM Political parties continue to receive most funds through anonymous donations - Jaitley
12:40 PM Merchant version of Aadhaar-enabled payment system for those without debit cards, mobiles: Jaitley
12:38 PM No transaction above Rs 3 lakh to be permitted in cash - Jaitley
12:37 PM One of the main objectives of govt is to remove component of black money from economy: Jaitley
12:36 PM Tax for small companies having a turnover of less than Rs 50 crore reduced to 20 per cent - Arun Jaitley
12:36 PM Size of affordable housing carpet area extended. Holding period for gain from immovable property reduced to 2 years from 3 years: Jaitley
12:35 PM Capital gains tax to be exempted for persons holding land from which land was pooled for creation of Telangana: Arun Jaitley
12:34 PM 125 lakh people have adopted BHIM app so far, Arun Jaitley says
12:34 PM Jaitley says demonetisation led to a 34.8% increase in personal income tax declarations. The surge in personal income declarations has never before been seen in the history of India, he added
12:30 PM One of the main objectives of the govt is to remove the component of black money from the economy, Jaitley says
12:29 PM When too many people evade taxes, burden falls on those who are honest - Jaitley
12:28 PM By end of 2017-18, high speed broadband connectivity on optic fibres will be available in more than 1,50,000 gram panchayats: Jaitley
12:21 PM From the 3.5 crore individuals who filed tax returns, 99 lakh showed income below income tax slab, while only 24 lakh show income above Rs 10 lakhs, Jaitley says in Parliament
12:22 PM Total expenditure: Rs 21.47 lakh crore
Science - Rs 37,435 crore
Defence expenditure - Rs 2.74 lakh crore
States, UTs - Rs 4.11 lakh crore
Revenue deficit - 1.9%
India targets FY18 budget deficit at 3.2% of GDP
Science - Rs 37,435 crore
Defence expenditure - Rs 2.74 lakh crore
States, UTs - Rs 4.11 lakh crore
Revenue deficit - 1.9%
India targets FY18 budget deficit at 3.2% of GDP
12:24 PM By end of 2017-18, high speed broadband connectivity on optic fibres will be available in more than 1,50,000 gram panchayats: Jaitley
12:23 PM Fiscal deficit pegged at 3.2 per cent of GDP in 2017-18 and 3 per cent in the following year.
12:23 PM Draft Bill to curb illegal deposit scheme ready: Arun Jaitley
12:20 PM Total allocation for infrastructure in Budget stands at a record level Rs 3,96,135 crore in 2017-18: Arun Jaitley
12:20 PM Central travel system to be set up for defence personnel - Jaitley
12:20 PM Aadhar enabled payment system to be launched soon;Banks have targeted to introduce additional 10 lakh Point-of-Sale terminals by Mar'17: FM
12:20 PM Govt considering introduction of new law to confiscate assets of offenders who escape the country: FM Jaitley
12:19 PM By 2019 all coaches of Indian Railways will be fitted with Bio-Toilets: FM Jaitley
12:16 PM Chandigarh and eight districts of Haryana have been declared Kerosene free: FM Jaitley
12:15 PM Unmanned railway level crossings to be done away with by 2020: FM Jaitley
12:15 PM Propose to double the lending target of Pradhan Matri Mudra Yojana and set it up at Rs 2.44 lakh crore for 2017-18: FM Arun Jaitley
12:15 PM 3.5 Crore youth will be trained under Sankalp program launched by the government: FM Jaitley
12:14 PM Railway related state-run companies like IRCON and IRCTC to be listed on stock exchanges: FM Jaitley
12:13 PM During 2017-18, another 5 lakh ponds will be constructed, for drought-proofing:FM Jaitley
12:10 PM Mission Antyodaya to bring 1 crore households out of poverty and to make 50,000 Gram Panchayats poverty-free: FM Jaitley
12:09 PM Action plan to eliminate Kala Azar & Filariasis by 2017, Leprosy by 2018, Measles by 2020 & Tuberculosis by 2025: FM
12:08 PM The Foreign Investment Promotion Board has been abolished: FM Jaitley
12:02 PM Transport sector allocated Rs 2.41 Lakh Crore and Bharat Net Project allocated Rs 10,000 crore:FM Jaitley
12:02 PM Service charge on e-tickets booked through IRCTC to be withdrawn: FM Jaitley
12:01 PM Service charges on e-tickets booked through IRCTC will be withdrawn: FM Arun Jaitley #Budget2017
12:00 PM By 2019, all coaches of Indian Railways will be fitted with Bio-toilets: FM Arun Jaitley
12:00 PM Atleast 25stations expected to be awarded during 2017-18; 500stations to be made differently abled-friendly by providing lifts&escalators-FM
12:00 PM A new metro rail policy will be announced, this will open up new jobs for our youth: FM Jaitley
11:55 AM Rail safety fund with a corpus of Rs 100,000 crore to be created over a period of 5 years: FM Jaitley
11:55 AM Aadhar based smart card for senior citizens: Scheme for senior citizens to give them assured income and health benefits
11:54 AM Pradhan Mantri Gram Sadak Yojna work accelerated to 133 km roads per day, Finance Minister says
11:53 AM I feel privileged to present the first combined Budget (including the Railway Budget) for the first time in independent India: Arun Jaitley
11:53 AM Two new AIIMS to be set up in Gujarat and Jharkhand
11:50 AM Two new All India Institute of Medical Sciences(AIIMS) to be set up in Jharkhand and Gujarat: FM Arun Jaitley
11:49 AM Open defecation free villages are now being given priority for pipe to water supply: FM Jaitley
11:49 AM To complete 1,00,00,000 houses by 2019 for houseless and those living in kaccha houses:FM Jaitley
11:48 AM For youth, proposed to introduce a system of measuring annual learning; Science to be given focus: FM Arun Jaitley
11:47 AM 100% village electrification will be achieved by May 1,2018: FM Jaitley
11:47 AM As Swami Vivekananda said 'education which does not help the common mass of people to equip themselves is it worth of the name?':FM
11:45 AM Budget allocation to MNREGA increased to a record Rs 48,000 crore for 2017-18, from Rs 37,000 crore in 2016-17:FM Jaitley
11:44 AM Dedicated micro-irrigation fund will b set up by NABARD to achieve goal of 'Per Drop More Crop'.Initial corpus will be Rs 5000 crore:FM
11:43 AM Participation of women in MNREGA has increased to 55%: Arun Jaitley
11:43 AM Target for agriculture credit fixed at Rs 10 lakh crore - Arun Jaitley
11:42 AM PM scheme for housing has been raised from Rs 15,000 crore to Rs 23,000 crore in current year, Jaitley says
11:42 AM Govt will continue to work closely with farmers to improve life and environment: Arun Jaitley
11:41 AM Target for agricultural credit in 2017-18 fixed at Rs 10 lakh per person, Finance Minister says
11:40 AM We have moved from favoritism to transparency and objectivity in decision making - Jaitley
11:39 AM Jaitley cites Hindi couplets to urge adoption of new technologies and processes: "Iss mod par na ghabra kar tham jaaiye aap, Jo baat nayi hai usay apnaaiye aap. Darte hain kyu aap nayi raah se, hum aage aage chalte hain, aaiye aap."
11:38 AM With better monsoon, agriculture is expected to grow at 4.1% in current year: Arun Jaitley
11:37 AM Issuance of soil health cards have gathered momentum, will setup a mini lab in krishi vigyan kendras: Jaitley
11:35 AM More steps will be taken to benefit farmers and the weaker sections, Jaitley says
11:34 AM Target of agricultural loans to farmers set at record Rs 10 lakh crore in 2017-18:FM Jaitley
11:28 AM My approach in preparing the #Budget is to spend more on rural areas, infrastructure & poverty alleviation with fiscal prudence:FM
11:28 AM With better Monsoon, Agriculture is expected to grow at 4.1% in current year: FM Arun Jaitley
11:27 AM Uncertainty around commodity prices, especially around crude oil, one of the major challenges:FM Jaitley
11:26 AM We are aware we need to do more for our people, our agenda is transform, energise and clean India, that is 'tech India': FM
11:23 AM Demonetization seeks to create a new normal where in the GDP would be bigger, cleaner and real: FM Jaitley
11:23 AM Our agenda for the next year is TEC India: Transform, Energize and Clean India
11:22 AM Jaitley says he'll spend more in rural areas while maintaining the "best standards of fiscal prudence."
11:22 AM Massive war against black money has been launched, says Jaitley on govt's demonetisation move
11:17 AM I am reminded of what our father of the nation Mahatma Gandhi said 'a right cause never fails': FM Jaitley
11:16 AM DeMonetisation is a bold and decisive measure, for many decades tax evasion was a way of life for many: FM Jaitley
11:15 AM India is seen as engine of global growth, have witnessed historic reform in last one year: FM Jaitley
11:14 AM International Monetary Fund estimates that the world GDP will grow by 3.1% in 2016 and 3.4% in 2017: FM Arun Jaitley
11:12 AM The focus will be on energizing our youth, to reap benefits of growth and employment - Jaitley
11:10 AM The Govt is now seen as a trusted custodian of public money,I express gratitude to people for their strong support: FM Jaitley
11:09 AM FM Arun Jaitley starts speaking amid opposition uproar #Budget2017
11:08 AM Shares of PSU banks rise ahead of finance minister Arun Jaitley's budget presentation.
11:08 AM Mahajan says the House must go ahead with the Budget since it is a constitutional obligation. The House, would, however, not sit tomorrow as a mark of respect, she says
11:05 AM I would have adjourned the house, but today's sitting has been fixed by President for presentation of #Budget2017 : Sumitra Mahajan in LS
11:03 AM Lok Sabha mourns the demise of E Ahamed
11:02 AM Mahajan begins her address by informing the House about the sad demise of Indian Union Muslim League leader E Ahamed early this morning.
11:00 AM Sumitra Mahajan begins her address in Lok Sabha
10:58 AM ​ The word 'budget' is derived from the Middle English word 'bowgette', which came from 'bougette' which means a leather bag in French.
10:51 AM I expect some sops to be given to affordable housing sector which will help in job creation: Nilesh Shah, MD, Kotak AMC
10:50 AM We have to keep in mind that budget is a constitutional obligation, will have to be presented - Sumitra Mahajan
10:40 AM Industry is still not well prepared for GST, expect job creation to be the theme of Budget 2017 - Sunil Munjal, Hero MotoCorp
10:21 AM
FM Arun Jaitley & his team called on #PresidentMukherjee this morning for the customary briefing on the Budget before presentation pic.twitter.com/ihi5VtKphI
— President of India (@RashtrapatiBhvn) February 1, 2017
10:20 AM It's not March 31, there is a lot of time to present the budget. Govt can postpone it, says Mallikarjun Kharge.
10:18 AM President Pranab Mukherjee gives his assent to present Union Budget
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