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Budget 2018 LIVE Updates: Jaitley hails armed forces’ role in protecting border, internal security
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 46.25 points or 0.42 per cent higher at 11,073.95 points
Photo courtesy: Twitter File photo of Finance Minister Arun Jaitley
Budget unconnected to ground realities: Yechury
CPI-M leader Sitaram Yechury on Thursday said Finance Minister Arun Jaitley's 2018-19 budget was "unconnected to ground realities".
In his reaction to Prime Minister Narendra Modi government's last full budget before the next Lok Sabha election, Yechury said it "is a textbook exercise in post-truth".
Jaitley said India was poised to become a $5 trillion economy soon.
Published: 01 Feb 2018, 9:44 AM IST
Nitish Kumar on Budget 2018:
FM fails fiscal consolidation test, this failure will have serious consequences: Congress leader P Chidambaram on Budget 2018
MP Supriya Sule tweeted:
NH Consulting Editor Uttam Sengupta on Budget: Look out for budget provisions that interest Nitin Gadkari ! Aqua tech, smart cities and where is that little provision for sea planes ?
NH Consulting Editor Uttam Sengupta on Budget: How will 24 new Government medical colleges by upgrading district hospitals work ? Unlikely to get off the ground before five years though
Rupashree Nanda tweeted:
NH Consulting Editor Uttam Sengupta on Budget: Corporate tax rate of 25 per cent extended to companies with turnover of 250 Crore. It was 50 Crore till now. Amounts to giving benefit to bigger companies. But the FM too clever by half in saying 99 per cent of MSME will be covered !
R Jagannathan tweeted:
NH Consulting Editor Uttam Sengupta on Budget: Everything for everyone ! The FM has presented a political, pre election budget. Indicates general election later this year. But it also showed his helplessness. Doesn't have enough room and finances to play around
The most ambitious announcement appears related to covering 50 crore people under health insurance. Up to five lakh rupees per family. A universal health coverage would have been more ambitious.
Published: 01 Feb 2018, 9:44 AM IST
Equities slip into red as FM presents Budget
Key Indian equity indices fell from their highs to trade in the red during the mid-afternoon trade session on Thursday as Finance Minister Arun Jaitley presented the Union Budget 2018-19 in Parliament.
Heavy selling pressure was observed in consumer durables, metals and healthcare stocks.
At 12.16 p.m., the wider Nifty50 of the National Stock Exchange (NSE) fell by 17.60 points or 0.16 per cent to trade at 11,010.10 points.
On the BSE, the barometer 30-scrip Sensitive Index (Sensex) fell below the 36,000-mark to trade at 35,880.47 points -- down 84.55 points or 0.24 per cent from its previous close.
However, the BSE market breadth was bullish with 1,364 advances and 1,161 declines.
On Wednesday, the benchmark indices closed in the negative territory on the back of negative global cues and heavy selling pressure in healthcare, consumer durables and capital goods stocks.
The Nifty50 fell by 21.95 points or 0.20 per cent to close at 11,027.70 points, while the Sensex closed lower by 68.71 points or 0.19 per cent at 35,965.02 points.
Published: 01 Feb 2018, 9:44 AM IST
Long-term capital gains tax at 10% for gains exceeding Rs 1 lakh: FM Jaitley
Sensex at 35,526.23, down by 438.79 points
Education Cess to be increased by 1% to make it 4% health and education Cess
Long-term capital gains tax at 10% for gains exceeding Rs 1 lakh: FM Jaitley
Custom duty on mobile phones increased to 20% from 15%: FM Jaitley
Propose to introduce tax on distributed income by equity oriented mutual funds at 10%: FM Jaitley
New standard deduction of Rs 40,000 cr for salaried taxpayers: Fm Jaitley
Writer-Director: Anaarkali Of Aarah, Avinash Das tweets:
Corporate tax reduced to 25% for companies upto Rs 250 crore turnover: FM Jaitley
Govt has made many positive changes in the personal income tax rates applicable to individuals in the last three years therefore I do not wish to make any changes to this: FM Jaitley
NH Consulting Editor on Budget: As anticipated, lot of noise on farmers, women and jobs. The only trouble is that details are lacking. But promises in the budget will not get the Government votes unless the situation changes on the ground
NH Consulting Editor Uttam Sengupta on Budget: Getting bored. The budget speech should explain by how much the government's revenue went up, how the govt plans to spend it and major plans. Why read out municipal details ? Wonder if this is how the budget is presented elsewhere.
The Govt is proposing changes in refixing salaries of Members of Parliament: FM Jaitley
Fiscal deficit target for 2018-19 at 3.3%: FM Jaitley
Emoluments of the President to be revised to Rs 5 lakh per month & emoluments of the Vice-president to be revised to Rs 4 lakh per month: FM Jaitley
Every business enterprise to be provided with unique ID: FM Jaitley
Govt has identified 372 specific business reform actions to improve ease of doing business; Evaluation of performance under this programme to be based on user feedback: FM Jaitley
Will take all steps to eliminate the use of Crypto-Currencies, will encourage Blockchain technology in payment systems: FM Jaitley
Airport capacity to be increased by five times: FM Jaitley
Niti Aayog to establish a national programme to direct efforts towards Artificial Intelligence, including research and development of its applications: FM Jaitley
1 lakh Gram Panchayats connected to optic fibre completed; 5 lakh Wi-Fi spots to be created in rural areas: FM Jaitley
Mihir Mishra on Twitter: No difference between these "new" health and wellness centres and the current primary health care centres. Nadda already announced this months ago
Sunil Jain on Twitter: So far, right signals on agriculture but talk of Madhya Pradesh style deficiency payment VERY worrying. Need to cut other subsides to make place for this
Rs 1,48,528 cr capital expenditure for Indian Railways for 2018-19: FM Jaitley
Foundation stone of the bullet train was laid in September 2017. An institute is coming up in Vadodara to train the manpower required for the high speed railway projects: FM Jaitley
Have proposed construction of tunnel under the Se-La pass in Arunachal Pradesh: FM Jaitley
Centre to contribute 12% of wages to new employees under EPF: FM Jaitley
AMRUT program to focus on water supply to all households in 500 cities. Water supply contracts for 494 projects worth 19,428 core awarded: FM Jaitley
Proposal to develop 10 prominent tourist destinations as Iconic tourism destinations: FM Jaitley
Government outlays Rs 7,148 crore for textile sector: FM Jaitley
Target of Rs 3 lakh cr for lending under PM MUDRA Yojana in 2018-19: FM Jaitley
Cleaning of Ganga is of national importance, have sanctioned 187 projects under NAMAMI Ganga scheme: FM Jaitley
Contribution of 8.33% to EPF for new employees by the govt for three years and 12% govt contribution to EPF in sectors employing large number of people: FM Arun Jaitley
Announce allocation of Rs. 56,619 crore for SC welfare and Rs. 39,135 crore for ST welfare: FM Jaitley
Major initiative to boost research, Rs 1 lakh cr allocation in 4 years: FM Jaitley
Technology will be the biggest driver in improving quality of education. We propose to increase the digital intensity in education and move gradually from blackboard to digital board: FM Jaitley
Loans to women self-help groups increased 37%
Crop harvesting machines to be subsidised to prevent Delhi air pollution: FM Jaitley
NH Consulting Editor Uttam Sengupta on Budget 2018: Health insurance schemes have been a racket which benefitted insurance companies and middlemen. More money without corrective steps will see the money go down the drain again
24 new govt medical colleges and hospitals to be set up by upgrading existing district hospitals: FM Arun Jaitley
1,200 cr proposed for free essential drugs: FM Arun Jaitley
By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have 'Ekalavya' school at par with Navodaya Vidayalas: FM Arun Jaitley
NH Consulting Editor Uttam Sengupta 2018: Will it be the shortest budget speech ? The spark, the suspense is over, it seems as of now unless he is keeping something up his sleeves.
NH Consulting Editor Uttam Sengupta on Budget 2018: Ekal or Ekalavya schools for tribals ! More employment for RSS pracharaks
Govt to launch 'Revitalising Infrastructure and Systems in Education by 2022: FM Jaitley
Mihir Mishra on Twitter: Interesting difference in style and content in the Hindi and English sections of the Budget speech. Focus in Hindi sections: women (LPG connections), farmers, sanitation. Also more conversational, less new schemes, more restatements/extensions of existing ones in Hindi section
Government plans to construct 2 crore more toilets under Swachh Bharat Mission: FM Arun Jaitley
Allocation in for Ministry of Food Processing is being doubled; specialised agro-processing and financial institutions to be promoted by the government
NH Consulting Editor Uttam Sengupta on Budget 2018: Much of the FM's speech on Agriculture being delivered in English ! Freudian ?
Govt proposes to increase the target of providing free LPG connections to 8 crore to poor women: FM Jaitley
NH Consulting Editor Uttam Sengupta: Arun jaitley had allocated 20,000 Crore for irrigation in 2016. It would help if one knew how and how much of the allocation were spent
Mohan Guruswamy on Facebook: The Finance Minister's speech reminds me of Akashvani's running commentary or ankhon dekha haal of cricket matches. Fifteen minutes each of Hindi and English
National bamboo mission to be launched and 1200 Crore allocated !
The focus is on low-cost farming, higher MSP. Emphasis is on generating farm & non-farm employment for farmers. I am very happy to announce that minimum support price has been set at 1.5 times the production cost for kharif crops: FM Jaitley
Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets: FM Jaitley
Exports to grow at 15% in 2017-18: FM Arun Jaitley
Budget 2018-19 to focus on boosting agriculture, rural economy: FM Arun Jaitley
NH Consulting Editor Uttam Sengupta on Budget 2018: Usual homilies ! The Government is committed to increase farmers' income. Refers to PM's goal of doubling farm income by 2022 and reiterates the pledge to pay farmers one and a half times of cost price. MSP increased for the Kharif crop !
NH Consulting Editor Uttam Sengupta on Budget 2018: FM bending over backwards to win back farmers. On expected lines. But can they implement it ? Details awaited. Or the hype will carry them over to the next election likely to be advanced to November !
Budget 2018 will work with states to provide more resources to improve quality of education: FM Arun Jaitley
Indian economy is on course to achieve high growth of 8 %. Economy to grow at 7.2-7.5% in second half of 2018-19: FM Jaitley
Watch the budget session live here:
Published: 01 Feb 2018, 9:44 AM IST
India one of the fastest growing economies in the world, FDA has increased, natural resources allocated in transparent manner: FM Jaitley
Finance Minister Arun Jaitley presents Union Budget in Parliament
Parliament is now in session and Finance Minister Arun Jaitley will shortly present the budget
M Narendra Modi and Union Ministers Sushma Swaraj and Ram Vilas Paswan arrived at the Parliament
NH Consulting Editor Uttam Sengupta: The budget speech in Hindi but the top five states contributing central government's revenue are non-Hindi speaking states, cribs @GargaC Clearly, he says, the Govt does not want people who are looted to know they have been looted !
NH Consulting Editor on Budget 2018: Will "Finance Minister Arun Jaitley" start his budget speech by reciting a poem ? Or will he refer to India shining in the world ?
NH Consulting Editor on Budget 2018: The CBDT 'Budget team' posted a group photograph with "Finance Minister Arun Jaitley". Not one woman in the frame. The budget appears to be an all-male affair. Never mind the pink colour on Economic Survey
Former Finance Minister P Chidambaram tweeted:
Budget 2018 gets clearance in Cabinet meeting
Cabinet meeting to begin in next ten minutes
Prime Minister Modi reaches Parliament, Cabinet meeting to begin shortly
Only 2500 budget copies printed
Cabinet meeting begins to approve the budget proposals
It will be an inclusive budget focussed on Sabka Saath Sabka Vikas : Shivpratap Shukla says ahead of Budget2018
Finance Minister Arun Jaitley to lay Budget and related statements in Rajya Sabha at 1.30PM
Finance Minister Arun Jaitley arrives at the Parliament to present
Budget papers arrive in Parliament
Finance Minister Arun Jaitley met President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union Budget 2018-19 in the Parliament.
The key Indian equity indices on Thursday opened higher ahead of the Union Budget 2018-19 presentation by Finance Minister Arun Jaitley in the Parliament. The 30-scrip Sensitive Index (Sensex), was trading 157.21 points or 0.44 per cent higher soon after opening. The Sensex of the BSE, which opened at 36,048.99 points, was trading at 36,122.23 points (at 9.16 a.m.), higher 157.21 points or 0.44 per cent from the previous day's close at 35,965.02 points. The Sensex touched a high of 36,136.40 points and a low of 36,021.88 points in the trade so far.
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Published: 01 Feb 2018, 9:44 AM IST