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Budget 2014 Live Update
12:15 PM

FY14 net market borrowing revised to Rs 5.63 lakh cr
12:07 PM

Direct taxes left untouched
12:06 PM

Three more industrial corridors under implementation:
FM
12:06 PM

FY15 fiscal deficit target at 4.1%
12:05 PM

Excise on SUV down to 24% from 30%; auto stocks rally
12:05 PM

FY15 revenue deficit pegged at 3%
12:05 PM

FY14 revenue deficit at 3.3%
12:04 PM

Excise cut to 10% on consumer durables
12:03 PM

BE for 2014-15. Fiscal deficit at 4.6% vs red line of 4.8%
12:03 PM

Excise duty for large and mid-segment cars cut to 20%
12:03 PM

Service tax exemption on loading, unloading, storage of
rice
12:02 PM

Excise cut from 12% to 10% for capital goods
12:02 PM

Excise duty cut for small cars to 8%, SUVs to 24% from
30%
12:01 PM

Excise duty cut for auto sector
12:01 PM

Excise duty cut from 12% to 8% for small cars, twowheelers till June 30, 2014
12:00 PM

Excise duty cut from 12% to 10% for cap goods and
consumer durables
12:00 PM

No change in tax laws, but calls for some intervention
11:59 AM

No changes in tax laws
11:59 AM

To set up public debt management agency
11:58 AM

Appeal to all political parties to pass GST
11:58 AM

Disappointed that we have not been able to implement
GST
11:58 AM

Need modern tax laws - disappointed that GST not
introduced yet
11:57 AM

Food subsidy shoots up to over Rs 1 lakh crore:
Chidambaram
11:57 AM

FY15 Fuel subsidy at Rs 65,000 cr
11:56 AM
FY15 Urban Housing Fund Allocation at Rs 2,000 cr
11:56 AM

Rs 2,600 cr for education loan moratorium
11:56 AM

RBI must strike balance between price stability and
growth: FM
11:55 AM

Farm loan interest subvention continues
11:55 AM

Eye 2016-17 fiscal deficit at 3% or lower
11:55 AM

Rural housing fund get Rs 6,000 cr
11:54 AM

FY15 total subsidy seen at Rs 2.46 lakh cr
11:54 AM

To liberalise rupee-denominated bond market
11:54 AM

To amend FMC act to strengthen commodity &
derivatives market
11:54 AM

Minority affairs to get Rs 3,711 cr
11:53 AM

Fuel subsidy pegged at Rs 65,000 cr
11:51 AM

Propose a moratorium period for all education loans taken
prior to 2009 upto 2014
11:50 AM

Food, Fuel, Fertilizer subsidy pegged at 2.46 lakh cr
11:50 AM

FY15 fertiliser subsidy to be Rs 76,000 cr
11:50 AM

Ministry of Health and Family Welfare gets Rs 33,725 cr
11:49 AM

FY15 capital infusion in PSU banks to be Rs 11,200 cr
11:48 AM

Banks to surpass Rs 7 lakh cr towards rural credit in
FY14, FM allocated Rs 8 lakh cr for FY15
11:47 AM
Proposes 11,200 cr for capital infusion in PSU banks
11:46 AM

Rs 35,000 cr FY14 fuel subsidy to be rolled over
11:46 AM

Proposes to transfer Rs 500 cr to defence pension in
current financial year itself
11:46 AM

FY15 non-plan expenditure at Rs 12.07 lakh crore
11:45 AM

FY15 food subsidy at Rs 1.15 lakh cr
11:44 AM

FY15 non-plan spend at Rs 12.07 lakh crore
11:44 AM

Defence Allocation up 10% to Rs 2.24,000 cr for FY15
11:44 AM

Allocation for defence hiked by 10%
11:43 AM

FY15 subsidies at Rs 2.46 lakh crore
11:43 AM
Merchandise export to grow 6.8% to $326 billion
11:43 AM

Coal output grew to 554 mn tonnes against 361 mn tonnes
over decade
11:43 AM

Declining fiscal deficit, moderation of CAD, stable
exchange rate and increase in project implementation
result of hardwork
11:42 AM

GDP growth rate in Q3 and Q4 of 2013-14 will be at least
5.2%
11:42 AM

Budgetary support to Railways has been increased to Rs
29,000 cr in FY15
11:41 AM

Panchayati Raj Ministry to get Rs 7,000 cr
11:41 AM

FY15 Plan expenditure kept at Rs 5.55 lakh crore
11:40 AM

Plan expenditure at 2014-15 at same level at 2013-14
11:39 AM

Aadhaar a tool of empowerement
11:38 AM

Govt remains fully committed to Aadhaar
11:38 AM

Totally 54 lakh transactions completed under direct
benefit transfer
11:38 AM

1200 cr additional funds allocated to North-East states
11:38 AM

Market optimistic as FM makes interim budget speech
11:36 AM

so far, two proposals will recieve funds from Nirbhaya
fund
11:36 AM

After Mars Oribiter Mission, several more missions
planned
11:35 AM

Proposes Rs 1,200 cr additional assistance to hill states
11:35 AM
Rs 100 cr allocated for community radio stations
11:35 AM

To start 4 UMPPs in FY15
11:34 AM

Rs 200 crore initial capital for a venture capital fund for
scheduled castes
11:34 AM

National solar mission entered second phase
11:33 AM

50000 MW of thermal and hydro power plants under
construction
11:33 AM

7 new power projects being built; target to install 10,000
Mw of addl power in 12th Plan
11:33 AM

29300 MW of power capacity added in FY14
11:33 AM

Eased rules governing infra projects' funding
11:32 AM

GDP growth in Q3, Q4 FY14 seen at 5.2%; FY14: 4.9%
11:32 AM

FDI policy was liberalised to facilitate greater investment
in multi-brand retail, pharmaetc
11:32 AM

GDP fell to 4.4% from 7.9% in nine quarters: FM
11:31 AM

Added fresh power capacity, rural roads, highways in last
3 months
11:30 AM

Gradual correction of diesel prices, new banking licenses
among steps taken by govt
11:29 AM

Manufacturing sector is not seeing an uptick
11:29 AM

UPA-I and UPA-II delivered above the trend growth rate
11:28 AM

Rupee least affected among emerging markets
11:28 AM

Investment rate estimated at 34.8%; savings rate at 30.1%
11:28 AM

Reject the argument of policy paralysis
11:27 AM

Govt pegs food production at 263 million tonne: FM
11:27 AM

Farm credit in FY14 at 7.35 lakh crvs 7 lakh cr target
11:27 AM

FY14 Q3 & Q4 GDP growth to be atleast 5.2%
11:26 AM

Exports seen growing to $326 bn; up 6.4%
11:26 AM

FY14 GDP to be 4.9%
11:25 AM

India not facing a ratings downgrade from agencies: FM
11:24 AM

RBI, SEBI, Govt took measures to stabilise rupee
11:24 AM

Govt, RBI acted in tandem to curtail inflation: FM
11:24 AM

Risk to capital flows were accentuated due to global
concerns
11:23 AM

CCI cleared 296 projects
11:23 AM

Have added more than 39,000 km or rural roads
11:23 AM

$15 bn added to foreign reserves this fiscal
11:21 AM

No uptick in manufacturing worrisome
11:21 AM

Won't do anything that will affect the foundation of
India's economy: FM
11:21 AM

FY14 Current Account Deficit seen at $45 bn
11:20 AM

FY15 food grain production at 263 mn tonne
11:19 AM
Agricultural GDP growth pegged at 4.6% in the current
year
11:18 AM

Added $15 bnforex reserves in FY14
11:18 AM

Food inflation still a worry though it has declined
11:17 AM

Only a handful of countries were able to keep their heads
above the water
11:16 AM

CAD will be contained at $45 billion
11:16 AM

Fiscal deficit for 2013-2014 will be contained at 4.6% of
GDP
11:13 AM

Global economic growth seen at 3% for FY13
11:13 AM

World economy has witnessed slowdown in last few years
11:12 AM

Markets trade flat ahead of Vote on Account speech
Budget 2014 live update

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Budget 2014 live update

  • 1. Budget 2014 Live Update 12:15 PM FY14 net market borrowing revised to Rs 5.63 lakh cr 12:07 PM Direct taxes left untouched 12:06 PM Three more industrial corridors under implementation: FM 12:06 PM FY15 fiscal deficit target at 4.1% 12:05 PM Excise on SUV down to 24% from 30%; auto stocks rally 12:05 PM FY15 revenue deficit pegged at 3% 12:05 PM FY14 revenue deficit at 3.3% 12:04 PM Excise cut to 10% on consumer durables
  • 2. 12:03 PM BE for 2014-15. Fiscal deficit at 4.6% vs red line of 4.8% 12:03 PM Excise duty for large and mid-segment cars cut to 20% 12:03 PM Service tax exemption on loading, unloading, storage of rice 12:02 PM Excise cut from 12% to 10% for capital goods 12:02 PM Excise duty cut for small cars to 8%, SUVs to 24% from 30% 12:01 PM Excise duty cut for auto sector 12:01 PM Excise duty cut from 12% to 8% for small cars, twowheelers till June 30, 2014 12:00 PM Excise duty cut from 12% to 10% for cap goods and consumer durables
  • 3. 12:00 PM No change in tax laws, but calls for some intervention 11:59 AM No changes in tax laws 11:59 AM To set up public debt management agency 11:58 AM Appeal to all political parties to pass GST 11:58 AM Disappointed that we have not been able to implement GST 11:58 AM Need modern tax laws - disappointed that GST not introduced yet 11:57 AM Food subsidy shoots up to over Rs 1 lakh crore: Chidambaram 11:57 AM FY15 Fuel subsidy at Rs 65,000 cr 11:56 AM
  • 4. FY15 Urban Housing Fund Allocation at Rs 2,000 cr 11:56 AM Rs 2,600 cr for education loan moratorium 11:56 AM RBI must strike balance between price stability and growth: FM 11:55 AM Farm loan interest subvention continues 11:55 AM Eye 2016-17 fiscal deficit at 3% or lower 11:55 AM Rural housing fund get Rs 6,000 cr 11:54 AM FY15 total subsidy seen at Rs 2.46 lakh cr 11:54 AM To liberalise rupee-denominated bond market 11:54 AM To amend FMC act to strengthen commodity & derivatives market
  • 5. 11:54 AM Minority affairs to get Rs 3,711 cr 11:53 AM Fuel subsidy pegged at Rs 65,000 cr 11:51 AM Propose a moratorium period for all education loans taken prior to 2009 upto 2014 11:50 AM Food, Fuel, Fertilizer subsidy pegged at 2.46 lakh cr 11:50 AM FY15 fertiliser subsidy to be Rs 76,000 cr 11:50 AM Ministry of Health and Family Welfare gets Rs 33,725 cr 11:49 AM FY15 capital infusion in PSU banks to be Rs 11,200 cr 11:48 AM Banks to surpass Rs 7 lakh cr towards rural credit in FY14, FM allocated Rs 8 lakh cr for FY15 11:47 AM
  • 6. Proposes 11,200 cr for capital infusion in PSU banks 11:46 AM Rs 35,000 cr FY14 fuel subsidy to be rolled over 11:46 AM Proposes to transfer Rs 500 cr to defence pension in current financial year itself 11:46 AM FY15 non-plan expenditure at Rs 12.07 lakh crore 11:45 AM FY15 food subsidy at Rs 1.15 lakh cr 11:44 AM FY15 non-plan spend at Rs 12.07 lakh crore 11:44 AM Defence Allocation up 10% to Rs 2.24,000 cr for FY15 11:44 AM Allocation for defence hiked by 10% 11:43 AM FY15 subsidies at Rs 2.46 lakh crore 11:43 AM
  • 7. Merchandise export to grow 6.8% to $326 billion 11:43 AM Coal output grew to 554 mn tonnes against 361 mn tonnes over decade 11:43 AM Declining fiscal deficit, moderation of CAD, stable exchange rate and increase in project implementation result of hardwork 11:42 AM GDP growth rate in Q3 and Q4 of 2013-14 will be at least 5.2% 11:42 AM Budgetary support to Railways has been increased to Rs 29,000 cr in FY15 11:41 AM Panchayati Raj Ministry to get Rs 7,000 cr 11:41 AM FY15 Plan expenditure kept at Rs 5.55 lakh crore 11:40 AM Plan expenditure at 2014-15 at same level at 2013-14
  • 8. 11:39 AM Aadhaar a tool of empowerement 11:38 AM Govt remains fully committed to Aadhaar 11:38 AM Totally 54 lakh transactions completed under direct benefit transfer 11:38 AM 1200 cr additional funds allocated to North-East states 11:38 AM Market optimistic as FM makes interim budget speech 11:36 AM so far, two proposals will recieve funds from Nirbhaya fund 11:36 AM After Mars Oribiter Mission, several more missions planned 11:35 AM Proposes Rs 1,200 cr additional assistance to hill states 11:35 AM
  • 9. Rs 100 cr allocated for community radio stations 11:35 AM To start 4 UMPPs in FY15 11:34 AM Rs 200 crore initial capital for a venture capital fund for scheduled castes 11:34 AM National solar mission entered second phase 11:33 AM 50000 MW of thermal and hydro power plants under construction 11:33 AM 7 new power projects being built; target to install 10,000 Mw of addl power in 12th Plan 11:33 AM 29300 MW of power capacity added in FY14 11:33 AM Eased rules governing infra projects' funding 11:32 AM GDP growth in Q3, Q4 FY14 seen at 5.2%; FY14: 4.9%
  • 10. 11:32 AM FDI policy was liberalised to facilitate greater investment in multi-brand retail, pharmaetc 11:32 AM GDP fell to 4.4% from 7.9% in nine quarters: FM 11:31 AM Added fresh power capacity, rural roads, highways in last 3 months 11:30 AM Gradual correction of diesel prices, new banking licenses among steps taken by govt 11:29 AM Manufacturing sector is not seeing an uptick 11:29 AM UPA-I and UPA-II delivered above the trend growth rate 11:28 AM Rupee least affected among emerging markets 11:28 AM Investment rate estimated at 34.8%; savings rate at 30.1%
  • 11. 11:28 AM Reject the argument of policy paralysis 11:27 AM Govt pegs food production at 263 million tonne: FM 11:27 AM Farm credit in FY14 at 7.35 lakh crvs 7 lakh cr target 11:27 AM FY14 Q3 & Q4 GDP growth to be atleast 5.2% 11:26 AM Exports seen growing to $326 bn; up 6.4% 11:26 AM FY14 GDP to be 4.9% 11:25 AM India not facing a ratings downgrade from agencies: FM 11:24 AM RBI, SEBI, Govt took measures to stabilise rupee 11:24 AM Govt, RBI acted in tandem to curtail inflation: FM
  • 12. 11:24 AM Risk to capital flows were accentuated due to global concerns 11:23 AM CCI cleared 296 projects 11:23 AM Have added more than 39,000 km or rural roads 11:23 AM $15 bn added to foreign reserves this fiscal 11:21 AM No uptick in manufacturing worrisome 11:21 AM Won't do anything that will affect the foundation of India's economy: FM 11:21 AM FY14 Current Account Deficit seen at $45 bn 11:20 AM FY15 food grain production at 263 mn tonne 11:19 AM
  • 13. Agricultural GDP growth pegged at 4.6% in the current year 11:18 AM Added $15 bnforex reserves in FY14 11:18 AM Food inflation still a worry though it has declined 11:17 AM Only a handful of countries were able to keep their heads above the water 11:16 AM CAD will be contained at $45 billion 11:16 AM Fiscal deficit for 2013-2014 will be contained at 4.6% of GDP 11:13 AM Global economic growth seen at 3% for FY13 11:13 AM World economy has witnessed slowdown in last few years 11:12 AM Markets trade flat ahead of Vote on Account speech