Arun Jaitley presented the Union Budget in Parliament on Saturday.
Dining and drinking out will be expensive.
Finance Minister Arun Jaitley announced slew of reforms for the masses.
The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.
'In the case of an India-Pakistan confrontation, the Chinese may undertake more than just posturing, thereby constraining us from deploying adequate forces for decisive results,' warns Brigadier S K Chatterji (retd).
The prime minister was often seen vigorously thumping the desk, prompting his Cabinet colleagues and NDA MPs to follow suit.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
The finance minister said the economy had been slowing.
Budget is likely to focus on infrastructure creation in the N-E
Modi said he was "full of confidence" ahead of his "examination" by 125 crore people, a trait which he wanted students to emulate when they appear for their examinations.
States' demand of compensation from Centre for loss of tax revenue not on agenda.
Budget proposals have set four goals to transform Indian Railways.
'The government must understand that the Indian Railways is like a Kamdhenu cow. It can look after your GDP, it can look after the health of the nation. But the Kamdhenu cow also needs nourishment.' 'You have not at all looked after the Indian Railways, you have ill treated the Indian Railways, you have mistreated the Indian Railways and you have given the Indian Railways step motherly treatment.' 'I don't think this government has understood the Indian Railways.'
Transcript of the Ganesh Natarajan chat on rediff on Friday.
The industry's reactions to the Budget have been mixed.