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
- I propose to work on developing Indian gold coin which carries the Ashok Chakra, will help recycle gold available in country: Jaitley
- India is the largest consumer of gold in the world, I propose to introduce a gold monetization scheme: FM
- Ports in public sector will be encouraged to corporatize & become companies under companies act: Jaitley
- Government plans an expert committee for Drafting Legislation for Regulatory mechanism: FM
- This is just the beginning, I intend to create a direct tax regime which is internationally competitive on rates: Jaitley
- Will deepen Indian Bond Market at par with the World standards: FM
- This will have 2 features, will make this year's allocation highest, will also help in increasing rural wages: Jailtey
- Will enhance the allocations to MNREGA by 5000 crore: FM
- Government proposes to set up 5 ultra mega power projects, each of 4000 MW, will be plug and play projects: Jaitley
- PPP model of Infrastructure to be revitalized and realigned. I am setting aside 1000 crore for this purpose: FM
- Government is establishing a mechanism 'self employment' to support all aspects of start up business: Jaitley
- Atal Innovation Mission with initial fund of Rs 150 crore for Research and Development