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.
10.02 am: Ahead of Budget 2016: Cabinet meeting begins in Parliament.
9.46 am: Copies of Union Budget 2016 brought to Parliament.
9.43 am: Arun Jaitley, Manoj Sinha reach Parliament. Cabinet to approve Budget.
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.
8.45 am: Finance Minister Arun Jaitley reaches North Block.
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.