Union Finance Minister Arun Jaitley reached parliament with the iconic briefcase containing the budget papers at 10 am this morning and he will present his first full-year budget for the fiscal 2015-2016 at aound after 11.00 am, unless the opposition allows without too many interruptions. One of the notable absentees will be Congress leader Rahul Gandhi, who has taken leave of absence from attending the session from his mother and Congress chief Sonia Gandhi.
Otherwise, other opposition parties may try to raise their concerns before the budget presentation. But by 12 noon, the budget presentation should get kicked off and it remains to be seen whether Arun Jaitley will sit and present the budget the way he did last time or not.
The Budget 2015-16 Live Telecast will be available on Doordarshan (DD1 and DD National) and Lok Sabha TV for first hand viewing. However, all major news channels in India like Aaj Tak, ABP Star News, Zee News, NDTV, CNN-IBN, TV9, India Today, Eenadu etc will also broadcast live coverage of the Budget 2015-16 with highlights.
Regional DD News Channels and Private Regional News Channels will broadcast the Budget 2015-16 speech in regional languages like Hindi, Gujarati, Marathi, Tamil, Telugu, Kannada, Malayalam, Bengali, Punjabi, Urdu.
Here is our live commentary on Budget 2015 as it happens:
12:35: Budget presented formally with Speaker’s permission.
12:30: Transport allowance doubled to Rs.1600
12:26: Medical concession 25,000 now. Service tax increased to 14%. Standard Deduction up from 2.5 lakh to 3 lakh with 50,000 for pension allocation.
12:07: Corporate tax reduced to 25% from 30% now.
12:05: 1200 cr for fast track corridor between Ahmedabad and Mumbai.
12:00:68950 cr for education, mid-day meal s scheme.
11:55: Sensex is up in the range of 100 points. AIIMS in AP, J&K announced. IIT in Karnataka announced.
11:54: Rs.75 crore for electric vehicle manufacturing announced
11:53: More jobs potential announced with national skills mission.
11:53: Easing contractual agreements.
11:52: 1000 crore for Nirbhaya fund announced.
11:50: Heritage sites to be given prominence for foreign tourists and e-visa extended to 150 countries now.
11:41 AM:Gold coins to be minted with Ashok Chakra, gold bonds to come into vogue.
11:38 AM: E-post clearance of 14 departments at one go to ease investment climate in the country announced. Privatisation of ports begins this year onwards. Rs.1000 crore for self-employment projects announced.
11:32 AM: For BPL category, senior citizens FM announced free medical instruments. ATAL Pension plan for 60+ aged announced.
11:31 AM: New pension scheme for the common man at Rs.12 per year to get Rs.2 lakhs insurance amount announced.
11:30 AM: Reviews inward revenues for the budget. Assures farm credit at 8.5 lakh crores. Ropes in postal dept. to work for banking related services.
11:25 AM: Govt to build 6 crore toilets.
11:20 AM: Reviewed education for kids, rural divide, electrification of villages by 2020. On subsidies, asks MPs to give up LPG gas subsidy voluntarily.
— President of India (@RashtrapatiBhvn) February 28, 2015
10:55 AM: Sensex is up by 213 points at 29433.26 5 minutes before the budget presentation.
10:45 AM: Arun Jaitley enters Lok Sabha with his iconic budget on display prominently.
10:30 AM: Arun Jaitley visited President to get his nod on budget as customary and reached parliament an hour ago. He will begin his first full-year budget presentation at 11 AM. Budget papers have arrived in the Parliament.