Union Budget 2016: Modi has passed budget exam with flying colours: Rajnath Singh

New Delhi, Feb 29: Finance Minister Arun Jaitley started his budget speech in the Parliament on Monday amid concerns over the country`s stagnating growth rate, fiscal deficit and direction of reforms.

Here are live updates on national budget for the next fiscal

6.00 pm: PM Modi has passed budget exam with flying colours, said Home Minister Rajnath Singh.

3.10 pm: Budget has failed to create stimulus for job generation: Congress

3.00 pm: They have been talking about development of agri, farmers but nothing concrete seen: Bihar CM Nitish Kumar on Budget 2016.

2.56 pm: Many things, lower TDS, Company law amend,Tax rebate .. Good for start ups: Mohandas Pai on Budget 2016.

2.46 pm: The middle class doesn't want subsidies, they want good services: Finance Minister Arun Jaitley on Budget 2016.

2.23 pm: Rs. 25,000 cr for bank capitalisation not adequate: Naina Lal Kidwai on Budget 2016.

2.10 pm: In summary, despite our disappointment on the tax on cars, I see no reason for the mayhem in the market: Anand Mahindra on Budget 2016.

1.42 pm: Pro-poor, Pro-farmer budget truly captures the essence of 'Minimum Government-Maximum Governance' with focus on overall development: Rajasthan CM.

1.41 pm: Very positive budget by FM. Focus on agriculture & infrastructure will definitely lead the economy to double digit growth: MP CM Shivraj Singh Chouhan.

1.35 pm: Finance Minister Arun Jaitley has done commendable job under very difficult set of circumstances: Pawan Munjal of Hero Group.

1.15 pm: Yes FM has passed the test, there is something for everyone in this budget: Former Finance Minister Yashwant Sinha on Budget 2016-17.

12.42 pm: Income tax department will expand e-sahyog to assist small taxpayers.

12.40 pm: 2.5 percent tax hiked on diesel car in the Budget 2016-17.

12.29 pm: No change in the income tax slab announced in Budget 2016

12.21 pm: People who do not have any house of their own & don't get any house rent allowance from their employer get a reduction of Rs24000 per annum: Arun Jaitley.

12.14 pm: Govt to provide relief to small taxpayers through rebates: FM Arun Jaitley.

12.05 pm: Govt to pay EPF contribution of 8.33% for new employees first three years, allocated Rs1,000 cr for it.

12.00 noon: 100% FDI to be allowed through FIPB route in Food Products Produced and Marketed in India: FM

11.57 am: Hard Copies of Budget 2016 will not be distributed at Parliament/NMC today by PIB as part of Green Effort of MoF.

11.23 am: A unified agriculture market e-platform will be dedicated to nation on birthday of Dr BR Ambedkar, says FM Arun Jaitley in his budget speech.

11.05 am: Finance Minister Arun Jaitley begins his budget speech.

10.49 am: Finance Minister Arun Jaitley to present Union Budget 2016 in the Parliament shortly.

10.45 am: This budget should be a 'do-no-harm' budget, say experts.

10.34 am: Cabinet meeting in Parliament ends, Union Budget 2016 approved by the Cabinet.

10.24 am: Finance Minister Arun Jaitley to present General #Budget for 2016-17 in Parliament at 11 am. Copies of #Budget2016 have been brought to the Parliament.

10.06 am: Well-known sand artist welcomes Budget 2016 with a sand art at Puri beach.

Famous sand artist @sudarsansand welcomes #Budget2016 by sand art at #Puribeach in Odisha, india pic.twitter.com/o7ZLJDADFn

— Tv9 Gujarati (@tv9gujarati) February 29, 2016

10.02 am: Ahead of Budget 2016: Cabinet meeting begins in Parliament.

9.46 am: Copies of Union Budget 2016 brought to Parliament.

Copies of #UnionBudget2016 brought to Parliament pic.twitter.com/yUmWjUVQxF

— ANI (@ANI_news) February 29, 2016

9.43 am: Arun Jaitley, Manoj Sinha reach Parliament. Cabinet to approve Budget.

FM Jaitley and MoS Jayant Sinha reach Parliament #UnionBudget2016 pic.twitter.com/MNhNil4kSJ

— ANI (@ANI_news) February 29, 2016

9.30 am: We have worked very hard on budget 2016,under guidance of PM and FM, says Jayant Sinha.

9.09 am: Post-budget presser by FM Arun Jaitley and MoS Jayant Sinha at 3.30 PM today.

9.05 am: Finance Minister Arun Jaitley on his way to Rashtrapati Bhavan. Will reach in a shortwhile.

FM Arun Jaitley and MoS Jayant Sinha at North Block,leave for Rashtrapati Bhawan #Budget2016 pic.twitter.com/6XnrsvGuzh

— ANI (@ANI_news) February 29, 2016

8.45 am: Finance Minister Arun Jaitley reaches North Block.

FM Arun Jaitley and MoS Jayant Sinha at North Block #Budget2016 pic.twitter.com/6c5k6brxxR

— ANI (@ANI_news) February 29, 2016

8.30 am: Union Finance minister Arun Jaitley is set to unveil union budget 2016-17 at 11 am today.

8.20 am: Budget 2016 is my exam, 125 crore people will test me: PM Narendra Modi.

OneIndia News