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BUDGET 2016-17: Timeline


1240: Finance Bill now, budget speech ends

1235: Customs baggage rules at airports to be simpified says FM

1229: Cess on coal and lignite renamed and increased

1226: To impose krishi kalyan cess for agri development

1225: Infra cess of 2.5% on diesel cars to check pollution

1224: Diesel cars, SUVs to cost more

1224: New pollution cess on vehicles, pollution and traffic situation: infra cess on some petrol, LPG and diesel cars

1214: Have plans to list state-owned General Insurance companies.

1213: ₹1,000 crore incentive to firms to hire people with salary up to ₹15,000/month

1210: ₹60,000 tax break for those living in rented houses

1208: Relief to small taxpayer – tax rebate of ₹3000 for income up to ₹5 lakh

1207: Initial sum of ₹100 crore each for celebrating birth annivs of Deen Dayal Upodhyaya, Guru Gobind Singh

1206: Prudence lies in adhering to fiscal deficit targets: FM

1205: No more plan and non plan expenditure any more.

1202: Ek Bharat, Shrestha Bharat new scheme launched aims to bring together states and districts

1159: Malls, small retail to be open 7 days a week

1158: Good governance – task force to rationalise human resources in ministries

1157: Nationwide rollout of ATMs in post offices

1155: Objective to skill 1 crore youth in next 3 years under the PM Kaushal Vikas Yojana: FM

1153: Ministry of Disinvestment renamed the Department of investment and public asset management

1152: Govt planning 15-20 year plan to augment investment in nuclear power generation

1148: 160 non-functional airports (₹50-100 cr each), 10 of 25 defunct airstrips to be developed in partnership with state government

1147: Non-functional airports will be developed, will work with states to ensure this

1147: Action plan for under and unserved airports

1146: Plan to develop greenfield ports on the eastern and western coast

1145: Entrepreneurs to be allowed to operate buses on roads

1144: Total outlay on roads and rail ₹2,18,000 crore

1143: ₹55,000 for roads and highways allocated

1141: Aadhaar to be given statutory backing, says FM

1139: 1500 multiskilled institute to b set up with ₹1700 crore budget

1137: 300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission

1136: New health protection scheme for health cover upto 1 lakh per family

1133: ₹87,765 crore for rural development

1130: Highest-ever amount ₹38,599 crore allocated for in FY17

1128: New rural scheme, Rashtriya Gram Swaraj Abhiyan

1126: Arrangements made for more pulses procurement

1125: ₹35,984 allocated for Agriculture in 2016-17: FM

1125: Remaining 1000 villages to be electrified, 100% rural electrification by 2018

1124: Soil health card scheme to be implemented faster, all 14,000 crore Farms to be included under it by 2017: FM

1123: ₹19,000 crore allotted for PMGSY

1121: 90% of domestic honey exported!!

1119: 5 lakh hectares of land will be brought under organic farming says

1117: ₹27,000 crores to be spent on rural roads programme in 2016-2017: FM

1113: 28 lakh hectares to be brought under new farm irrigation plan

1110: Our agenda is to transform India through 9 pillars – 1) Agri/Farm and welfare, 2) Rural Focus, 3) Social Healthcare, 4) Education and Job creation, 5) Investments to improve quality of Life, 6) Infratructure Focus, 7) Ease of Business, 8) Fiscal discipline and 9) Tax Reforms

1106: CPI inflation has come down to 5.4% under our government, despite two poor monsoons

1104: GDP growth accelerated to 7.4%: FM Arun Jaitley

1103: Financial markets have been battered.  We inherited an economy with low growth and high inflation: FM

1102: Forex at highest level

1101: Presenting the budget when the global economy is in a serious crisis: Arun Jaitley

1100: Budget speech interrupted by raising of slogans by opposition on privilege questions.

1055: Budget speech starts in few minutes.

1035: The  Finance Minister, Arun Jaitley has reached the Parliament house.

Will it be fiscally responsible budget or will it provide a stimulus? Will issues of equality and farmers be addressed? We will find out soon.

For more coverage on the Budget, click here

Musafir Namah Bureau


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