Page 398 - Budget 2026 News
Northeast region to get film production centre: Jaitley
The government has laid special emphasis on developing the northeastern region of the country
 "Northeast region to get film production centre: Jaitley")
Budget 2015: Defence outlay Rs 246,727 crore
Jaitley said that the govt was following a policy of transparency and quick decision-making in procurement to keep the defence forces prepared for any eventuality
Budget 2015: Govt raises farm credit target to Rs 8.5 lakh crore for 2015-16
The FM also announced financial support to enhance irrigation and soil health to achieve higher agriculture productivity
Budget 2015: No MAT for FIIs, says Jaitley
GAAR too deferred by two years
 "Budget 2015: No MAT for FIIs, says Jaitley")
Footwear makers gain on reduction in excise duty
Liberty Shoes, Bata India, Relaxo Footwears and Mirza International were up 2-6% on BSE.
 "Footwear makers gain on reduction in excise duty")
Postal Department to use its vast network for proposed Payment Bank
However, such lenders cannot issue credit cards or undertake lending activities
Govt unveils universal social security and pension schemes
Besides, the government proposes to launch PM Suraksha Bima Yojana to increase the access to insurance
Rs 1,000 cr fund for tech start ups, entrepreneurs: Govt
We are now seeing a growing interest in start ups, said Jaitley while presenting the Budget for 2015-16 in the Lok Sabha
GST planned from April 2016: Jaitley
The GST, by subsuming a large number of central and state taxes into a single tax, would mitigate cascading, or double, taxation in a major way
 "GST planned from April 2016: Jaitley")
2 more IIMs, 1 IIT announced in Budget
Also, AIIMS will be set up in Jammu & Kashmir, Punjab, Tamil Nadu, Himachal Pradesh and Assam
 "2 more IIMs, 1 IIT announced in Budget")
Budget 2015: Govt to set up Mudra Bank for priority to SC/ST entrepreneurs
Mudra Bank will be created with an initial corpus of Rs 20,000 crore
Foreign funds approved for AIFs
Alternative Investment funds can now attract funds from foreign investors, which is likely to help hedge funds
 "Foreign funds approved for AIFs")
Budget 2015 should address health, education: AAP
The 2015-16 Budget is being billed as a 'make-or-break' event for Prime Minister Narendra Modi's eight-month-old government
 "Budget 2015 should address health, education: AAP")
Easing inflation provides room for rate cut by RBI: Jaitley
The government would soon put in place a monetary policy framework to ensure that inflation remains below 6%, he said
Fiscal deficit pegged at 3.9%; to reach 3% by FY18
s per the earlier roadmap fiscal consolidation, the deficit was to come down to 3 per cent by 2016-17
 "Fiscal deficit pegged at 3.9%; to reach 3% by FY18")
Budget Impact: MCX hits 52-week high
The stock has rallied nearly 9% to Rs 1,144 on the BSE
 "Budget Impact: MCX hits 52-week high")
Congress, RJD leaders say public has high expectations from Jaitley's Budget
RJD leader JP Yadav said the budget should be for the youth, women and lower middle classes of society
 "Congress, RJD leaders say public has high expectations from Jaitley's Budget")
New bank to refinance micro institutions and widely expand social security benefits
Jaitley announces 'Mudra' Bank with a corpus of Rs 20,000 crore
 "New bank to refinance micro institutions and widely expand social security benefits")
New bank for refinancing micro industries
The Mudra Bank will have an initial corpus of Rs 20,000 crore, Jaitley said
Govt to launch two new insurance schemes for poor
Jaitley said that these schemes will be part of a Universal Social Security Scheme
 "Govt to launch two new insurance schemes for poor")