Budget 2014-15 key highlights

Key Features of Budget 2014-15

12:40 pm: Non-Planned expenditure increased to 12.19 lakh crores.

12:38 pm: Rs.500 crores allocated to rehabilitation of displaced kashmir migrants.

12:37 pm: Sports academies to be set up in India.

12:35 pm: FM proposed Rs.100 crores to train the sportspersons for Asian games and Common wealths.

12:35 pm: FM sticks to 4.1% of the fiscal deficit.

12:30 pm: NRI funds raise for clean ganga projects.

12:29 pm: Rs.100 crores allocated for study on linking rivers.

12:24 pm: Defence allocation increased by Rs. 5000 crore.

12:24 pm: A special Small Savings Scheme will be introduced for the education of girl child.

12:22 pm: Annual PPF ceiling will be enhanced to Rs.1.5 lakh from Rs. 1 Lakh.

12:19 pm: Banks will be given more flexibility to extend long term loans.

12: 11pm: Fm proposes one demat account for all financial products. 

12:08 pm: A modern country needs multiple modes of transport.16 new port projects will be awarded in financial year 2015. 

12:05 pm: Aims at boosting Transport, Logistics, Exports and other related sectors.

12:05 pm: Restructuring Food Corporation Of India will be amongst the top priority.

11:58 am:Aims to provide 8lakh crore farm credit in financial yesr 2015.

11:52am: 3% interest susidy on farm loans.

11:50 am: Slum development will be made part of corporate social responsibility.

11:45am: Rs.50500 set for uplifment of scehdule castes and schedule tribes.

11:40 am: Rs.4000 crores set for affordable housing via National Housing Bank.

11:35 am: Rs.200 crores set for woman upliftment.

11:31 am: Aiming for total sanitation for all households.

11:30 am: 5 more IIt's and IIm's to be set up.

11:24 am: Power supply will be 24*7, promises Jaitely.

11:22 am: Proposed to give more autonoy to banks so as to make them more responsible.

11:21 am: Financial stability will be the area to majorly focus upon.

  11:20 am: E- Visa to be allowed at 9 Airports.

11:16 am: Composite cap for foreign direct investment to increase in defence and insurance from 26% to 49%

11:08 am: The task before me today is very challenging; need to revive growth in manufacturing sector: Jaitley.

11:06 am: There is a large population which is below the poverty line: Jaitley.

11:05 am: The steps I will announce are only the beginning of the journey we wish to take for macro economic stabilization, says Jaitley.

11:04 am: The budget is the most comprehensive action plan: Jaitley.

11:04 am: There are green shoots of recovery in the global economy: Jaitley.

11:04 am: We look forward to lower inflation, says Jaitley.

11:02 am: People have voted for a change. India desires to grow: Jaitley.

11:01 am: Finance Minister Arun Jaitley rises to present Budget 2014.

10:53 am: Finance Minister Arun Jaitley to present Union Budget shortly.

10:40 am: Cabinet clears Arun Jaitley's Union Budget.

10:36 am: Union Cabinet meeting at Parliament ends.

10:27 am: Arun Jaitley briefs Union Cabinet on Budget 2014.

10:17 am: Union Cabinet meeting begins at Parliament ahead of presentation of Union Budget.

10:14 am: The economic status of nation is unstable but we are sure Arun Jaitley will present a good Budget: BJP leader Nalin Kohli.

10:12 am: Fiscal deficit needs to be looked at, says former MoS finance JD Seelam.

10:10 am: Growth with employment is the top focus in Budget, says BJP.

10:05 am: We need to bring down inflation. Investment incentive is needed: Chandrajit Banerjee (DG, CII) on expectations from Union Budget.