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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

India TV Business Desk Published : Feb 28, 2015 10:42 IST, Updated : Feb 28, 2015 12:44 IST
  • No changes in income tax slabs
  • Budget Estimates of Expenditure: 17 .77 lakh cr, of which Non Plan is 13.12 lakh cr, and Plan is 4.65 lakh crores
  • Direct Tax collection is going to be Rs 14.49 lakh crore rupees
  • Corporate Tax reduced from 30% to 25% for next four years for employment generation
  • A regime of exemptions have led to loss of revenue,propose to reduce rate of corporate tax from 30 pc to 25 pc: Jaitley
  • GST is expected to play a transformation role in Indian economy, we are moving on various fronts on GST from next year: Jaitley
  • We need to revive growth & investment to ensure more jobs are created for our youth: Jaitley
  • It has been our endeavour in last 9 months to foster a stable taxation policy: Jaitley
  • Taxation is an instrument of social economic engineering: Jaitley
  • Unplanned expenditure for 2015-16 is estimated at 13 lakh 12 thousand and 200 crores
  • Exclusive Commercial Division to attend commercial disputes at various High courts
  • Make In India policy for self sufficiency in defense sector with an allocation 2.46 lakh crores
  • Renewable energy target will be increased to 1,75,000 MW
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