News Business Live: Union Budget 2015-16

Live: Union Budget 2015-16

Defence allocation for this fiscal is Rs 2,46,727 CroreNew Delhi: Presenting the Union Budget for the fiscal 2015-16, Finance Minister Arun Jaitley on Saturday said the state of the country's economy was better placed today

10:48 am: Government can present good budget not because of any achievement but because oil prices have fallen; India can benefit: PC Chacko, Congress

10:39 am: Expectations are very high as it is the first full-fledged budget of this government: Jay Panda, BJD

10:30 am: Budget 2015 papers arrive in Parliament

10:25 am: Will be a progressive budget, will boost the economic & development factors: Rajyavardhan Rathore

10:15 am: Cabinet meeting begins to approve the Union Budget

10:12 am: It will be a roadmap for development, will fulfill people's aspirations: Prakash Javadekar

09: 57 am: A budget 'Made in India' will 'Make India', strengthening all sections of society. All inclusive, policy driven, measurable, accountable... Several expected to be benefitting from the Budget – Individual , Infrastructure, Industry, Investment, Innovative--All inclusive: Kiran Bedi

09:48 am: Arun Jaitley reaches Parliament

09:40 am: Finance Minister leaves for Parliament

09:15 am: Arun Jaitley reaches Rashtrapati Bhawan to meet President Pranab Mukherjee ahead of presenting government's first full-year Budget

08:45 am: Finance Minister Arun Jaitley reaches Ministry of Finance in North Block

Yesterday, Jaitley presented India's Economic Survey in Lok Sabha projecting growth at over 8 per cent for next fiscal and said inflation was easing, while setting the agenda for big-bang reforms to attain double-digit expansion, cut rich-benefiting subsidies and push investments in a clean, green way.

The annual report card on the state of the economy said the growth should now rise further and double-digit expansion was certainly a possibility.

"The growth estimates of over 8 per cent for the year is on expectations that the monsoon will be favourable, as it was forecast to be normal, compared to last year. Double-digit growth can help in 'wiping every tear from every eye' and realising the aspirations of India's youth," the survey said.

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