Timeline Refresh
Stating that the funds allocated for agriculture were like 'a drop in the ocean', Manjhi told reporters that there should have been arrangements for insurance and banking facilities for agricultural labourers.
The amount earmarked for power was meagre, while not much concern was expressed for promotion of education, he said.
Inadequate finance was announced for two central universities in Bihar, he said. Stating that Bihar projects were ignored, he said announcement of special category status for Bihar, reimbursement of Rs 1000 crore spent by the state from its limited resources for upkeep of National Highways three year back were expected. "But, people of Bihar received only disappointment," he said
To prove that the "Gujarat Model" is a success, Maharashtra is being deliberately ignored, Congress spokesman Sachin Sawant alleged.
"No provision has been made for development projects in the state. Even for IIM and AIIMs institutions in the state, there is no concrete proposal and funds mentioned," he said.
Rural Development Minister Jayant Patil described the budget as a "FDI budget" which aims to raise funds not from internal resources but from abroad specially in defence and insurance sector.
Three persons, including a constable, were injured when an explosive device kept in a motorcycle in the parking lot of a police station went off in Pune today.
It was a "low intensity" blast and police is probing the case keeping in mind "all possibilities", including a terror angle, Pune Police Commissioner Satish Mathur said.
"We are examining all possibilities," he said when asked if police suspected it to be a terror attack.
He said a scooter parked adjacent to the motorbike in which the device was placed too was damaged.
Ball bearings and nails have been recovered from the spot and sent
for forensic examination, he said, adding the explosive use in the blast
was yet to be identified.
BJP MP Kirti Azad went up to UPA chairperson Sonia Gandhi soon after Arun Jaitley finished presenting the Budget possibly to suggest to her and Congress vice-president Rahul Gandhi that it would be nice gesture if they could walk up to the ailing Arun Jaitley.
Sonia consulted Mallikarjun Kharge, who is leader of the oppostion in the Lok Sabha and Jyotiraditya Scindia. While Scindia walked up to Jaitley, Rahul was not keen on suggestion and walked away.
Sonia took notes while Jaitley was presenting the budget especially when he said that Rs 200 crore will be granted to the government of
Gujarat for erecting the Sardar Vallabhai Patel statue.
Sonia got a pen from Tariq Anwar and wrote that she was opposed to this element in the budget and gave the chit to Kharge, the Congress spokesperson to oppose the grant.
No, she was not opposed to Sardar Patel, she was incensed because the BJP had opposed Rs 100 crore given to the Rajiv Gandhi Foundation by Dr Manmohan Singh in 1992.
What you know is that finance minister Arun Jaitley asked for a five-minute break in the middle of reading out the union budget because his shoulders were hurting.
What you don't know is that Jaitley did not announce that he needed the break -- unprecedented in a budget speech -- on his own. He consulted home minister Rajnath Singh and foreign minister Sushma Swaraj, who told him it wouldn't be a problem, but he should apologise for asking for the break, which he did. While this was happening, PM Narendra Modi was watching what was happening from his seat.
Apparently, a week ago, Jaitley told his close friends that it would be a challenge and a difficult task for him to present the budget for two-and-half hours -- standing. Jaitley told confidantes he had sprained his shoulders, which is why he was leaning on the podium as he stood to read his speech today.
When he couldn't bear the pain anymore, the finance minister took a quick decision and announced that his shoulders were hurting and he wanted to take a five-minute break.
Sushma Swaraj jumped up and got him a glass of hot water and medicines and Rajnath Singh comforted him.
But what was heartening to see, was Congress MP Jyotiraditya Scindia walk up to Jaitley and say comforting words to him. He also told Jaitley that he should sit and read his speech.
P Sreedharan, Secretary General quickly wrote a note to Speaker Sumitra Mahajan asking for permission to read the Budget seated. Sreedharan took the paper with the Speaker's OK and got Arun Jaitley to sign it as well.
As house adjourned for five minutes, BJP leaders Ravi Shankar Prasad, Piyush Goel, Nirmala Sitharam rushed to Jaitley's seat and asked after his health.
There was sympathy for Jaitley even from the Trinamool Congress MPs, who just two days ago, were involved in a bitter squabble in Parliament. TMC MP Kalyan Banerjee, who was interrupting Jaitley as he read out the budget, fell silent. Banerjee it seems, remembered that Jaitley was a fellow lawyer.
Mir arrived in London on Friday evening for pre-arranged medical appointments. He has appointments at the Cromwell Hospital in London and Queen Elizabeth Hospital Birmingham, where Malala Yousufzai was treated.
Mir will also be treated for the bladder injury which he sustained during the firing. He is unable to sit properly due to severe pain in his left leg. An orthopaedic surgeon at the Cromwell Hospital will treat him for leg injury. Its understood that senior surgeons at the Queen Elizabeth Hospital in Birmingham will remove the remaining bullets from Hamid Mir's body.
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Pic: Malala with her parents and Hamid Mir on the extreme right.
According to Hindu mythology, Thursday is dedicated to Lord Vishnu and Brihaspati, the Guru of Gods, and devotees adorn yellow coloured clothes and offer yellow flowers to propitiate god Vishnu and Brihaspati.
Pic: Arun Jaitley and Nirmala Sitharaman at the Rashtrapati Bhavan this morning.
"We heard about a strong and vibrant India before the government came to power. We thought that it will be delivered to provide good governance.
But from the beginning, we are getting disappointed. Only one positive sign of the new government is established in two budgets that they have become a government of the FDI, by the FDI and for the FDI.
Already, there is FDI in the retail. Now FDI is increased to 49% in Defence, and Insurance Sectors. In addition, disinvestment in banking sector is up to 49%.
All these will adversely affect the people of the country.
In our State 'Kanyashree' project was launched for the first time with a provision of about 1000 crore. It is really shocking to see that an important scheme for girl child 'Beti Bachao, Beti Parao' has been announced with only a meager 100 crore for all states and UTs together. Is it not a mockery?
Again 100 crore has been allocated for the start-up companies for the rural youth. As against about 55 crore of rural youth population in the country, only 100 crore is highly insulting to them.
Even though, West Bengal has tremendous potential for textiles sector, it does not find place among the six new textiles clusters announced in the budget.
West Bengal, even being the largest fruits and vegetables producers in the country, has been denied for Horticulture University announced in the budget.
Even in 100 days' work scheme, where the poor people are involved, not a single paise has been increased in allocation. On the other hand, prices of petrol, diesel and kerosene along with prices of fruits and vegetable and other essential commodities are increasing day by day.
The budget is visionless, missionless and actionless from the angle of the common people. It is not going to stimulate growth and development of the poor.In both the budgets, it is noticeable that Bengal and so many other states are getting deprived.
The new government has just started functioning with a political vendetta. It is the morning that shows the day."
All the sectoral indices, led by realty, power and metal sectors, were trading in the green on emergence of buying driven by budgetary proposals.
After slumping over 300 points at around noon, the 30-share benchmark Sensex was trading higher by 434.23 points, or 1.71 per cent, at 25,879.04. Intra-day, the index has swung nearly 665 points as investors resorted to alternative bouts of buying and selling.
The broad-based National Stock Exchange index Nifty regained 7,700 point mark by surging 125.15 points, or 1.65 per cent to 7,710.15 point after shuttling between 7,713.45 and 7,479.05.
As part of military modernisation drive, the government today allocated Rs 2.29 lakh crore for the Defence Ministry in the Budget, marking an increase of around 12.5 per cent from the last fiscal as it raised the FDI limit in the defence sector up to 49 per cent from 26 per cent now.
The Ministry was allocated Rs 2,03,672 crore in 2013-14 and was provided Rs 2,24,000 crore in the interim budget presented by the UPA government in February this year.
"There can be no compromise with the defence of the country. I, therefore, propose to allocate an amount of Rs 2.29 lakh crore for the current financial year," Finance and Defence Minister Arun Jaitley said, presenting the general budget.
For the modernisation of the armed forces, the Finance Minister allocated an additional Rs 5,000 crore above the Rs 89587.95 crore provided for the acquisition of new weapon systems for the Ministry in the interim budget last year.
Congress leader Mallikarjun Kharge says, "There are no welfare measures, they have only given relief to corporates."
This Kejriwal's reaction to the budget: Khoda pahad,nikli choohiya.
... and this is Singhvi's reaction: Khoda pahaad nikla chuha
Bharti has been tasked with cleaning up the Ganga.
Sudip Bandyopadhyay, Leader of the TMC in the LS: Just like the UPA, the NDA too has also chalked out a plan to sell the country.
Sonia Gandhi also trashes the budget saying most UPA schemes have been copied. "There is nothing for the social sector," she says.
Max India was down 1.93 per cent and Reliance Capital shares were trading 1.32 per cent lower on the BSE. Shares of Religare Enterprises was down 1.96 per cent while HDFC was quoting almost flat. On the other hand, shares of Aditya Birla Nuvo was up 2.03 per cent and Bajaj Finserv gained 1.28 per cent.
SBI was trading 2 per cent lower, while Indian Bank dropped 4.31 per cent on the BSE. Similarly, Oriental Bank of Commerce was down 3.66 per cent, Andhra Bank tanked 3.57 per cent, Indian Overseas Bank (3.49 per cent), Bank of India (3.19 per cent), Allahabad Bank (2.53 per cent), Union Bank of India (2.50 per cent) State Bank of Bikaner and Jaipur (1.49 per cent), United Bank of India (1.34 per cent) and Bank of Baroda (1.13 per cent).
Proposing to provide greater autonomy to public sector banks, Finance Minister Arun Jaitley today said these lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.
Personal income tax exemption raised to Rs 2.5 lakh for those below 60 years and to Rs 3 lakh for senior citizens from the earlier Rs 2 lakh.
The Congress vice president was seen in a television shot with closed eyes and his head tilting to the right.
The shot, picked up from Lok Sabha TV, went viral on social media accompanied by carping comments.
While Congress promptly denied that Rahul was sleeping, Bharatiya Janata Party taunted it by saying this is what the party was doing on price rise for the last 10 years."It is not true. I totally and categorically deny all aspersions,' Congress spokesman Abhishek Singhvi said lamenting that the matter has been sensationalised and wondered whether it behoves to raise such issues.He said that for the last seven weeks the government has played "petty and vindictive' politics.
House takes a five minute break, unprecedented, during the budget speech. Arun Jaitley asked for the break which was granted by the speaker.
Speaker allows Jaitley to remain seated while reading out his speech, unprecedented! Jaitley said he had cramps, and the speaker said he could read out his speech seated.
In 2014, following the decisive election of Narendra Modi as prime minister, expectations grew that India would again see liberalising economic reforms.
The Economist's 1991 report on the budget. Read
What that basically means is do not expect miracles from the budget. Read
The Sensex opened higher, but gains were short-lived, while the Nifty failed to hold above the key 7,600 levels. The Economic Survey, unveiled on Wednesday, called for tough measures to shore up public finances and reduce inflation, reinforcing hopes that Prime Minister Narendra Modi's government will deliver a non-populist, prudent Budget today.
The FM has now reached Rashtrapati Bhavan where he will meet President Pranab Mukherjee.
Photograph: ANI/Twitter
He will present the first Union Budget of the Narendra Modi government at 11 am in the Parliament.
After a meeting with top IKEA executives, Chief Minister K Chandrashekar Rao was quoted as saying all necessary clearances will be given through a single window to expedite the process of opening the store in the city.
A high-level team from the company represented by Juvenico Maeztu, Ikea Indian arm Chief Executive Officer, and Preet Dhupar, Chief Financial Officer, met Rao at Secretariat in Hyderabad yesterday, a state government press release said.
When the sun rises, Adele will spend the day running for her life. Rasha, meanwhile, says she will spend it praying and waiting for death.
North Korea fired two short-range missiles off the coast of the Korean Peninsula early Wednesday, a South Korean Defense Ministry official said. North Korea did not declare a no-fly zone prior to the launch, the official said. No damage or injures were reported.
The projectiles, assumed to be short-range ballistic missiles, flew more than 310 miles (almost 500 kilometers), the official said. The official said the missiles were launched from North Korea's western Hwanghae Province and flew northeast toward the water.
Russia has charged a female Ukrainian army pilot with complicity in the murder of two Russian journalists. Nadiya Savchenko, 33, was reportedly fighting in a volunteer battalion against pro-Russian separatists near Luhansk in east Ukraine.
Last month she took part in an attack on a rebel checkpoint where two Russian TV journalists were fatally wounded. Ukraine has accused Russia of abducting her and has demanded she be released and allowed home.
Ukrainian government forces are currently battling rebels in the east and have recaptured several large towns in recent days. More than 1,000 people, both civilians and combatants, are believed to have been killed since the uprising began in April.
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26/11 trial adjourned for the fifth time in three months
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