Improvement in passenger amenities and better interiors would also figure in the budgetary proposals.
Jaitley has announced increasing the super-rich surcharge to 12%.
As many as 65 per cent of respondents have positive expectations from the budget and believe that it will succeed in giving a definite push to economic growth and job creation, a survey has said.
Forex dealers said though increased demand for the US currency from importers put pressure on the rupee but a higher opening in the domestic equity market and the dollar's rise against other currencies overseas, capped the losses.
Trading would be conducted during normal hours.
The macroeconomic environment has changed dramatically for the better.
The capital outlay for the three services, for modernisation, stood at Rs 78,586.68 crore
Passenger fares and freight rates were left untouched
Several speakers noted that Budget carried the weight of expectations.
The proposed IFC disrupts existing regulatory structures.
The auto industry expects lower taxes and interest rates from Budget 2015.
GDP growth seen at 8.1-8.5% in 2015-16
The hype surrounding the Budget gives it undue importance.
On retirement, you will draw a lesser amount as pension.
The Budget would preserve macro-economic stability.
Chief Economic Advisor Arvind Subramanian's interview.
Here's what celebrities had to say about Arun Jaitley's Budget.
India is only on the starting block.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
The government has extended excise duty concessions beyond 30th June 2014 for a period of 6 months up to 31st December 2014.
Single window clearances for realty must.
Finance Minister Arun Jailtey's time table on Budget day.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
IRCTC will work on Kisan Yatra, a special travel scheme to help farmers to learn about new farming and marketing technique.
The jump can be attributed to increased assistance through soft loan.
This Budget will be a litmus test of the government's resolve to ensure Make in India strategy works
'If the total amount is spent, it will be highest Budget spend on MGNREGA.'
Dining and drinking out will be expensive.
There are high hopes that the Budget for 2014-15 to be presented in Parliament may actually not tinker with the threshold limit or the other tax slabs but could provide reliefs by incentivising savings.
Can Jaitley's team hope to garner 17% more on personal income tax?
Concessional rate of tax on dividends received by Indian companies from foreign subsidiaries will be done away with from April 1, a change that may hamper global expansion of Indian companies and compel some firms to move their headquarters out of India to geographies such as Singapore and Dubai. At present, dividends received by Indian companies from their foreign subsidiaries are subject to a concessional tax rate of 15 per cent under Section 115BBD of the Income Tax (I-T) Act. The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill.
Govt wants to up investment in Railways
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In New York market, the dollar lost ground against most major rivals on last Friday amid mixed US data on industrial production and consumer sentiment.
Jaitley is expected to present a common man friendly Budget.
Print media will not benefit from the Budget.
According to FADA, automobile retail trade and service industry comprises a network of 9,500 automobile dealers and their service stations engaged in sale, service/repair and spares of vehicles across segments, is an essential link in automotive business and a significant stakeholder.
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
FM proposed rationalisation of various tax exemptions.
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