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
- Government to bring a Comprehensive bankruptcy code for the ease of doing business by 2015-16
- Proposes a Mudra Bank of corpus of 20000 crores to refinance the microfinance institutions (MFI). Will fund the unfunded: Jaitley
- Agri Credit target in 2015-16 increased to 8.5 lakh crore: FM
- To increase income of our farmers, we propose to create a national agriculture market: Jaitley
- Our commitment to farmers run deep, an ambitious soil health card has been introduced to improve soil fertility: FM
- This government is committed to regain pre-eminence as a just and compassionate society: Jaitley
- Rural Infrastructure Development Fund to be Rs 25000 cr
- LPG direct transfer subsidy to be expanded: Jaitley
- Well-targeted system of Subsidy delivery, cutting down of leakage: FM
- Roadmap to achieve Fiscal deficit of 3% of GDP in three years: Target is 3.9% in 2015-16, 3.5% in 2016-17, 3% in 2017-18
- Will finish the journey to 3 per cent fiscal deficit in two years: FM
- Tax buoyancy is lower but still we will meet the promise of Fiscal deficit of 4.1 per cent of GDP this year: FM
- States get 62 per cent of the total resources
- Public Investment needs to step in to catalyze the investment in PPP: Jaitley