The Times Of India | Feb 29, 2016 , 17:17:44 IST

Union Budget 2016

Arun Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income as the biggest challenge to the economy is agrarian distress. Stay with us for live updates.
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11:43 AM (IST)

Model Shops and Establishments Bill to be circulated, for voluntary adoption by states: FM

11:42 AM (IST)

11:41 AM (IST)

300 generic drug stores to be opened PM Jan Aushadi Yojana: FM

11:41 AM (IST)

11:40 AM (IST)

FM: Objective to skill 1 crore youth in the next 3 years under the PM Kaushal Vikas Yojana

11:40 AM (IST)

Govt. will pay EPF contribution of 8.33% for all new employees for 1st three years: FM

11:39 AM (IST)

Economic empowerment of SC/ST as a tribute to Dr. BR Ambedkar's 125th birth anniversary: FM

11:39 AM (IST)

​National Skill Development Mission

National Skill Development Mission has imparted training to 76 lakh youth. 1500 Multi skill training institutes to be set up: FM, Jaitely says

11:38 AM (IST)

Rs 1700 crores for Pradhan Mantri Kaushal Vikas Yojana: Arun Jaitely

11:38 AM (IST)

A digital depository for school leaving certificates: Arun Jaitley

11:37 AM (IST)

Rs 1000 crores for higher education

A Higher Education Financing Agency to be set up, with a fund of Rs 1000 crores: FM

11:36 AM (IST)

Arun Jaitely is now speaking on education, skills and jobs. The 4th pillar of the Union Budget 2016

11:35 AM (IST)

Stand Up India scheme

Stand Up India scheme allocated Rs 500 crores for SC, ST and women entrepreneurs -2 projects to be promoted per bank branch per category

11:34 AM (IST)

Rs 9,000 crores allocated to Swaccha Bharat Abhiyaan

11:33 AM (IST)

LPG subsidy

Appreciation for 75 lakh middle class and lower middle class for willingly giving up LPG Subsidy under govt. initiative: FM

11:32 AM (IST)

A new health protection scheme for health cover upto Rs 1 lakh per family: FM

11:32 AM (IST)

11:31 AM (IST)

Govt is for universal coverage of cooking gas in the country: FM

11:30 AM (IST)

Rs 87,765 crores for rural development

Rs 87,765 crores for rural development as a whole have been allocated in the Budget, Arun Jaitely says

11:29 AM (IST)

300 rurban clusters to be set up under Shyama Prasad Mukherji Rurban Mission: FM

11:28 AM (IST)

Rs 8500 crore for rural electrification: FM

11:28 AM (IST)

FM: Quantum jump of 228% in grants to gram panchayats and urban local bodies in accordance with FFC recommendations

11:27 AM (IST)

Rural electrification

5542 villages in Feb 2016, more than total combined achievement of previous three years: FM

11:27 AM (IST)

MGNREGA to get Rs 38,500 crore: Jaitely

11:26 AM (IST)

11:25 AM (IST)

2.87 lakh crore grants to gram panchayats and municipalities - a quantum jump of 228%: FM

11:24 AM (IST)

Allocation to PM Fasal Bima Yojana for 2016/17 is Rs 5500 crores: Arun Jaitley

11:23 AM (IST)

Rs 19,000 Crore for Pradhanmatri Gram Sadak Yojna

Allocation of Pradhanmatri Gram Sadak Yojna to be increased to 19,000 crore: FM

11:22 AM (IST)

We will undertake significant reforms

We will work for passage of insolvency and bankruptcy laws. We will undertake significant reforms: Jaitley.

11:22 AM (IST)

New roads

65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms per day: FM

11:22 AM (IST)

Agriculture market e-platform

A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. B.R. Ambedkar: Arun Jaitley

11:21 AM (IST)

FM: A dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD

11:20 AM (IST)

FM: The growth of GDP has accelerated to 7.6%

11:20 AM (IST)

5 lakh acres to be brought under organic farming over a three year period: FM

11:19 AM (IST)

Meanwhile, Sensex rebounds by nearly 140 points as Arun Jaitley amid his speech.

11:19 AM (IST)

We will enact a law to confer benefits on deserving sections on aadhar platform: FM

11:18 AM (IST)

Govt to provide incentive for deepwater gas exploration: FM

11:17 AM (IST)

Pradhanmantri Krishi Sinchaai Yojna strengthened and implemented in Mission Mode: Arun Jaitely

11:17 AM (IST)

Rs 35,984 allocated for agrictulture

Aim to double the income of farmers in five years. Rs. 35,984 crores total allocation for farmers' welfare, Arun Jaitely says

11:14 AM (IST)

Next financial year will cast an additional burden due to implementation of 7th Pay Commission and OROP: FM.

11:14 AM (IST)

Govt is launching a new initiative to provide cooking gas to BPL families with state support.

11:13 AM (IST)

PM Fasal Bima Yojana

Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana: Arun Jaitely

11:12 AM (IST)

Forex Reserves have reached their highest mark at $350 billion: FM

11:10 AM (IST)

Our external situation is robust, CAD has declined to $14.4 bn this year, will be 1.4% of GDP at the end of fiscal: Arun Jaitley

11:10 AM (IST)

We have to have a prudent fiscal policy, raise domestic demand, carry out reforms: Jaitely

11:09 AM (IST)

11:09 AM (IST)

Foreign exchange reserves are at highest ever level: FM

11:08 AM (IST)

CPI inflation has declined to 5.4%: Jaitley

11:08 AM (IST)

FM: The growth of GDP has accelerated to 7.6%

11:05 AM (IST)

However, Indian economy has held its ground firmly despite global crisis, Arun Jaitley says

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