Chidambaram Budget Speech 2014 Live Updates

0



chidambaram budget speech

Chidambaram Budget Speech 2014 Live Updates, Chidambaram Budget Speech 2014 live, Finance Minister Budget Speech 2014 live, Finance Minister Chidambaram Budget Speech 2014 live

A few sec ago
The Left is harsh on interim Budget. Blames the government for inflation. Says all sectors have suffered.

AAP leader and banker Meera Sanyal – It was a valiant effort by the FM.

Vivian Fernandes on Budget – History will judge. He made the speech to redeem himself.

BJP sympathiser Swapan Dasgupta “It was like a Bharat Nirman ad”.

Sanjaya Baru on Budget – It was more a personal speech by Chidambaram.

Sanjaya Baru – PC had told us that if he had been the FM for all 10 years, the economy would be in a better shape.

FM introduces the Finance Bill.

FM completes his interim Budget speech.

FM – Quotes from the great Tamil saint Thiruvalluvar’s couplets.

FM – I thank all my Cabinet colleagues, PM and Sonia Gandhi.

FM – 140 miillion people have been lifted from the poverty.

FM – Budget estimates for 2014-15 – Revenue deficits will be 3%.

FM – Automobile industry will benefit from excise duty reduction.

FM – to Stimulate growth excise duty will be reduced from 12% to 10%.

FM – launched investigations into black money stashed away in foreign banks.

FM – I appeal to all political parties to pass the GST laws.

FM – Revenues are our paramount importance. GST has not been implemented.

FM – Public Private Partnership will be encouraged. We must focus more on manufacturing sector.

FM – When our aim is high growth, there will be a moderate inflation.

FM – We will go up in the economy ranking.

FM – India’s economy is the 11th largest in the World.

FM – Some insurance bills have not been passed by the Parliament. I regret.

FM – One financial record for all individuals will be created.

FM – LIC has opened more than 1000 offices. Other PSU insurance companies have opened more than 1800 offices.

FM – Propose a moratorium period for some education loans.

FM – Over 25 lakh students have got education loans. We have disbursed over Rs.57000 crores.

FM – 10 years ago, minorities had just 14 lakh bank accounts. Now they have 42 lakh bank accounts.

FM – Banks will cross the Rs.7 lakh crore of agricultural credit. Our target is Rs.8 lakh crores.

FM – Will recapitalise the PSU banks. Banks are under stress.

FM – 5207 branches of PSU banks have been opened. Target is over 8000 branches.

FM – We will implement One rank, one pension for defence services personnel from next FY.

FM – We need young soldiers.

FM – One rank, one pension for defence personnel is a very sensitive issue. Government is committed to it.

FM – Defence budget up by 10%. Now Rs.2.24 lakh crores.

FM – More than Rs.1 lakh crore for food subsidy.

FM – Fuel subsidy will be Rs.57,000 crore.

FM – Non plan expenditures will be over Rs.12 lakhs Crore.

FM – Gender budget has Rs.97000 crores and Child budget Rs.87000 crores.

FM – Railways need to mobilise huge funds for its projects.

FM – All key ministries have got adequate funds.

FM – Key flagships programmes have been provided sufficient funds.

FM – People at the bottom of the pyramid need Aadhar.

FM – Govt is committed fully to Aadhar.

FM – Direct Benefit Scheme. Money is being transferred. Total of 54 lakh transaction has taken place.

FM – Over 1.6 lakh youth joined the skill development scheme.

FM – National Skill Development Programme to get more money.

FM- Nirbhaya fund has Rs.1000 crore. It will be a permanent fund.

FM – Our achievements in the field of Space science is great.

FM – NE, HP and Uttarakhand to get special attention. They get more funds.

FM – Small scale and cottages industries have been encouraged. 100 Crore for community radio station.

FM – Approval has been given to many technology based industries.

FM – About 50000 MW of Thermal power projects will completed.

FM – Union Territories to get more funds.

FM – The companies act has replaced the vintage law of 1956.

FM – New bank licenses given. Several major decisions have been taken.

FM – Govt took several notable decisions. Sugar was fully decontrolled.

FM – UPA 1 and UPA 2 have delivered above the growth trend.

FM – I reject the arguments on policy paralysis.

FM – This year we are spending over Rs.36000 crore on health.

FM – After 10 years we have more than 3 lakh KM of rural roads under PMGSY.

FM – Our food grains stock is very high. 2.64 lakh MW power is being generated.

FM – We have arrested the fall in GDP growth.

FM – Economy is stable. All this is a result of hard work. My mother and Harvard taught me the value of hard work.

FM – Growth for the whole year will be at least 5.2%.

FM – Major infra projects have been implemented. 7 new airports are under construction.

FM – CAD capped 34$ Billion.

FM – Some projects are facing problems. Govt 296 projects worth Rs.6.6 lakh crore have been cleared.

FM – Even after the slowdown saving rate is healthy and no major reduction in investment.

FM – Agriculture sector growth is buoyant.

FM – Agriculture exports stood at US Dollar 41 Billion.

FM – Agriculture sector recorded a stellar growth.

FM – Inflation was fluctuating all through the year. Food inflation is still a major worry.

FM – Just 3% global economic growth in the year.

FM – 4.6% GDP fiscal deficit for the year.

FM is still standing hoping that the MPs will allow him to complete his Budget speech.

The Speaker Meira Kumar is trying her best to restore the order in the House. Requests MPs to allow FM to present the Budget.

FM’s budget speech disrupted by pro and anti-Telangana MPs.

FM – Only a few countries, managed to keep their head above the water. India is one of them.

FM – The challenges we face are common to all economies.

FM – Global economic meltdown has affected us.

FM is now speaking amidst chaos.

A long convention has been broken. FM did not make budget speech on the floor of the house for the first time.

For the markets and the economy it makes no difference, whether FM reads it out from inside Lok Sabha or from Lok Sabha TV studio.

The opposition blames the government for dillydallying on Telangana till the last minute.

It is an unprecedented incident. the FM is not being allowed to read out his interim budget speech.

FM P Chidambaram is expected to go to Lok Sabha TV to read out the interim budget speech.

P Chidamabaram is not making the presentation of Budget on the floors of the Lok Sabha.

For the first time the finance minister is not making Budget speech.

Various ministers are laying the paper on the table of the house.

This budget is actually an Vote on Account.

Lok Sabha meets. P Chidambaram lays the budget paper on the table.

P Chidambaram to read the interim budget. If he is not allowed, he may do it on Lok Sabha TV.

Finance Minister P Chidambaram to present the budget shortly.

Lok Sabha meets in another 5 minutes. Will the FM be allowed to present the Budget?

Mohandas Pai – Perverse tax demand is damaging our economy.

If the Parliament is disrupted, the Finance Minister P Chidamabaram is likely to make a statement on TV channels.

E&Y CEO – P Chidambaram will be remembered for his focus on fiscal discipline.

P Chidamabaram is presenting his 9th Budget. One short of Morarjee Desai’s record of presenting 10 budgets.