Business Standard takes a look at some of the highlights from the tax proposals, and how they will affect the common man
The government's push to improve regional connectivity by reviving 160 airports was negated by a hike in excise duty on jet fuel
Though increase in excise duty on expected lines, there are no sustainable triggers for the stock
Scheme will offer a health cover of up to Rs 1 lakh, with a top-up of Rs 30,000
constrains the freedom of the central bank and in totality it is a dead scud
S&P does not expect to change India's BBB- rating with a 'stable' outlook until next year
Also, during the spectrum auctions that the government has lined up for June-July, the industry will have to cough up Rs 77,000 cr as service tax
Additionally, long-term capital gains on transfer of Sovereign Gold Bonds would be eligible for indexation benefits
The party lauded Arun Jaitley for not resorting to a 'populist' budget despite polls being around the corner in many states
Modi is now trying to correct his pro-corporate and pro-rich image through this budget, said political analyst Satish Mishra
Government will partner with the state governments to develop some of these airports for regional connectivity
This will also reduce import of finished goods to some extent
As a result of having to stick to a fiscal deficit target of 3.5%, Jaitley has been frugal with additional spending
Expert feel removal of DDT on distribution made out of income of SPV will set the stage for REITs to be set up
According to HK Bhanwala, timely implementation of the 28 projects identified under the scheme will help mitigate distress to a large extent
A framework for an electronic platform for repo market in corporate bonds will be developed by RBI
Shah said that this budget will help strengthen Modi's aim of bringing poor and villagers into mainstream of development
Scheme to benefit 1.5 crore households below poverty line
In a tweet, Abdullah said that 'Jaitley did not focus the benefits of Union Budget on the suitboot people'
Congress leader Manish Tewari slammed the budget, saying it is high on rhetoric, flawed in comparisons and bereft of any ideas