Aim to make India the manufacturing hub of the world. The Skill India and Make in India are aimed to provide jobs to youth. We will also encourage entrepreneurship. GST to be in force by April 1, 2016 BSE Bankex up 1.4%; ICICI Bank, ABI, Axis Bank, HDFC Bank up 1-3% To see 6 cr housing units in rural and urban areas by 2020 Completing 1 lakh km of road to be a top priority Challenges before govt: stressed agricultural incomes, increasing investment in infrastructure, manufacturing needs to be given fillip, fiscal discipline essential. Transfer to states to be 62% of total receipts I will meet fiscal deficit target of 4.1% in FY15. Govt remains firm in medium term fiscal deficit target of 3% To achieve fiscal deficit target of 4.1% in FY15. BSE Capital Goods index up 2%; LT, BHEL, Suzlon Energy, Va Tech Wabag, Alstom TD, ABB India, BEL up 2-5% We will meet fiscal deficit target of 3% of GDP in three years compared to two years previously Target: To achieve 3% fiscal deficit in three years To achieve 3.9% fiscal deficit for FY16 Path of fiscal consolidation is on track The Budget reflects scaling up of disinvestment figures To achieve 3.5% fiscal deficit by FY17 We need a well-targeted system to address leakages in subsidies We need subsidies, but we need to end leakages, not the subsidies themselves BSE Auto index up 0.1%; MM, Maruti Suzuki, Tata Motors, Bajaj Auto, Bharat Forge, Cummins India, Motherson Sumi up 0.1-2% Direct transfer of benefits to be expanded further (FM sits down, to read out rest of speech sitting down) Allocating Rs 5,300 cr for micro-irrigation schemes To allocate Rs 5300 cr for micro-irrigation To allocate Rs 25,000 cr for rural infrastructure Rs 8.5 lakh crore allocated for rural credit. Fiscal deficit target of 3.9% for next a positive as the government is increasing public spending Considering upscaling of PSU divestment programme To increase threshhold for transfer pricing to Rs 20 cr Broader markets underperform benchmark indices; BSE Midcap index up 0.2%; BSE Smallcap index up 0.01% To increase excise duty to 12.5% Excise on footwear reduced to 6% Leather footwear incentives to benefit companies like Bata and leather manufacturers Propose some changes in excise duty on cigarretes Swachh Bharat Abhiyan: 100% deduction allowed for all contributions except CSR Proposal to exempt all items from SAD Cess on coal increased. Negative for metal and power companies Service tax rate to rise from 12% to 14% BSE Consumer Durables index down 0.2%; Blue Star, Whirlpool India, Titan, PC Jeweller dip 0.3-2.5% Exemption on health insurance premium hiked from Rs 15,000 to Rs 25,000. For senior citizens it is hiked to Rs 30,000 Service tax removal in effluent treatment plant positive for Thermax Health insurance premium increased to help health insurance companies Additional deduction of Rs 50,000 under section 80CCD, with aim of moving from pensionless to a pensioned society Transport allowance exemption doubled to Rs 1,600 per month Pre-cooled services for fruit and vegetables to be exempt from service tax Top 10 gainers on the Sensex: Axis Bank, Tata Steel, HDFC, HUL, BHEL, ICICI Bank, GAIL, L&T, SBI, ONGC up 1-4% Service tax exemption in pre-cold storage to benefit Snowman Total benefit of all exemptions to Individual tax payers rises to Rs 4,44,000: Jaitley Tax ease on serious diseases for seniors raised to Rs 80,000: FM I have outlined what we are going to do immediately but also given a roadmap Rs 150 core to create world class IT hub in India: FM Jaitley Barring BSE Auto index down 0.2%, all sectoral indices on the BSE in green; BSE FMCG index top gainer up 2.4% FM Arun Jaitley concludes Budget speech Loss of revenue due to direct tax proposals Rs 8315 cr

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