BUDGET 2016: AS IT HAPPENED. In 'farm' Jaitley reaches out to all

BL Internet Desk Updated - July 23, 2019 at 05:08 PM.

Presenting his third Budget, Finance Minister Arun Jaitley made no changes in the personal or corporate income-tax slabs but made costlier several items by raising duties. The Budget brought in a new 0.5 per cent Krishi Kalyan Cess on all taxable services to fund agriculture while proposing a retirement tax on 60 per cent of the pension and provident fund corpus including EPF created after April 1, 2016.

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SynopsisQuick takeView Markets at closeUnion Budget 2016 as it was presented in Parliament on February 29, 2016 (Latest first): Markets at 12.45 pm

Thin volumes when #FMJaitley started #Budget2016 speech; now widespread selling in second hour. Markets give it thumbs down @businessline
— Tanya Thomas (@tanyakondody) February 29, 2016

Murmurs of discontent at CII budget viewing session as new surcharges are announced #BLBudget2016
— Debabrata Das (@titodas87) February 29, 2016

A leaf out of #Chidambaram 's book...'window to declare undisclosed income', do we see history repeating itself...
— richa mishra (@RichaMishraBL) February 29, 2016

Tax proposals

Muted response by #Sensex . 300 points down. #BLBudget2016
— kurmanath (@Kurmanath) February 29, 2016

shocker for salaried class! 60% of PF withdrawal made taxable, only 8.3% interest on funds which r anyway blocked 4 min 15 yrs #BLBudget2016
— R Srinivasan (@srinivasanravi) February 29, 2016

"Go long on MCX" coz of new commodity derivatives. @businessline at deal room #BLBudget2016 #teekaytee
— Tanya Thomas (@tanyakondody) February 29, 2016

Fiscal situation

Prudence lies in adhering to fiscal target says @arunjaitley and retains FRBM targets. Bond markets must be relieved. #BLBudget2016
— Raghuvir Srinivasan (@srirags) February 29, 2016

#blbudget2016 is Jaitley competing with @sureshpprabhu in word/mnt?
— Pratim Ranjan Bose (@pratimbose) February 29, 2016

FDI policy and reforms

Mkts briefly test intra-day high of 23293 pts. @SENSEX_BSE falls to low of 23003 before turning positive again. #BLBudget2016 @businessline
— Rutam Vora (@RutamV) February 29, 2016

InfrastructureInnovationRetail push11.40 am

Looks like the ground is being prepared for massive privatisation of higher education. #BLBudget2016
— kurmanath (@Kurmanath) February 29, 2016

11.25 amRURAL ECONOMY

Nifty and Sensex slip into red as social sector and rural economy dominates Jaitley's speech so far #BLBudget2016
— Debabrata Das (@titodas87) February 29, 2016

forget primary education, its now over to digital literacy in #UNionBudget2016
— Surabhi Prasad (@surabhi_prasad) February 29, 2016

Arun Jaitley seems to be panting while delivering the budget speech
— Varun Aggarwal (@aggarwalvarun) February 29, 2016

11.15 amAGRICULTURE11 am

Corporate honchos chat before the clock strikes 11. #BLBudget2016 @businessline pic.twitter.com/1zA3nIIw8b
— Navadha Pandey (@NavadhaPandey) February 29, 2016

PM Shri @narendramodi arrives at Parliament for #Budget2016 . Watch live at https://t.co/glzEhubPNr pic.twitter.com/Ssjn39BPRI
— MIB India (@MIB_India) February 29, 2016

Shri @arunjaitley & Shri @jayantsinha leaving from @FinMinIndia with #UnionBudget2016 pic.twitter.com/CQ1yq15onO
— MIB India (@MIB_India) February 29, 2016

First real budget of Modi govt?Markets @ 10.40 am 10.30 amUnion Cabinet clears General Budget for 2016-17.

Will Jaitley& NDA Govt of Modi leapfrog with reforms and boost the poor, common man of the country on a rare Leap year budget opportunity.
— M Somasekhar (@Som_mulugu) February 29, 2016

Budget test for PM10.15 amGainersLosers

FM Arun Jaitley & his team called on #PresidentMukherjee this morning for the customary briefing on the Budget pic.twitter.com/D6c3enKcGl
— President of India (@RashtrapatiBhvn) February 29, 2016

Budget humour09.57 am09.50 amRupee weakensThe High Five StocksVideo: Interesting facts on Union Budget

9.40 amReader's Poll9.25 amMarkets update9.20 am9.15 am9.10 am9.05 am8.50 amWhat to look for

Published on February 29, 2016 06:32