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

  • Pradhan Mantri Suraksha Bima Yojana at Re 1 per month
  • PPP model of infrastructure to be revitalized and realigned: FM
  • National Infrastructure Fund will try to leverage infra companies; Tax free bonds for Roads, Railways & irrigation
  • Tax free infrastructure bonds for projects in Railways and roads: FM
  • Investment in infrastructure to go up by 70,000 crores in 2015-16 over 2014-15: FM
  • I intend to establish a national investment and infrastructure fund: Finance Minister
  • Propose the 'Nayi Manzil' scheme for the youth minorities: FM
  • I propose a new scheme of providing physical aids for senior citizens living below poverty line: Jaitley
  • Government is committed to bring a Universal social security system for all: FM
  • To encourage participation, government will contribute 50 pc of beneficiary premium in its new accounts opened before 31st December 2015: Jaitley
  • We will also launch the 'Atal pension yojana', which will provide a defined pension: Jaitley
  • A large portion of population is without insurance of any kind, I propose to work towards universal social security system for all: Jaitley
  • Government is committed to increase the access of people to formal financial system: Jaitley
  • Just as we are banking the unbanked, we are funding the unfunded: FM

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