Analysed and annotated: Full text of FM Arun Jaitley's Union Budget 2015 speech

Finance Minister Arun Jaitley on Saturday presented the NDA government's first full budget, promising to revive the economy from what he termed was a period of gloom.

FP Staff February 28, 2015 15:46:06 IST

Finance Minister Arun Jaitley on Saturday presented the Narendra Modi government's first full budget, promising to revive the economy from what he termed was a period of gloom.

Analysed and annotated Full text of FM Arun Jaitleys Union Budget 2015 speech

Finance Minister Arun Jaitley.

The minister said the country was now the fastest growing economy and, earning praise from Prime Minister Narendra Modi who said the budget "was practical and pro-poor, pro-growth, pro-middle class, pro-youth."

Among the highlights of Jaitley's speech were: No change in personal Income Tax, Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000, transport allowance exemption hiked to Rs 1,600 from Rs 800 per month, additional 2% surcharge on people earning over Rs 1 cr; Direct Taxes Code (DTC) dropped, Rs 50,000 deduction for contribution to New Pension Scheme, Corporate Tax cut to 25% over next four years.

Below is the full text of the Budget speech:



Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Over 275 million children in India suffer mild to severe effects of lead poisoning, as per new UNICEF report
India

Over 275 million children in India suffer mild to severe effects of lead poisoning, as per new UNICEF report

Lead has been found in food items like Chili powder, Garam Masala, etc and in a brand of instant noodles popular across India.

Chidambaram slams Centre over state of economy, says telecom and aviation sectors on 'verge of collapse'
India

Chidambaram slams Centre over state of economy, says telecom and aviation sectors on 'verge of collapse'

The former finance minister's remark comes a day after telecom company Bharti Airtel posted a net loss of Rs 15,933 cr in the first quarter of FY 2020-21

Australia to run into $131 bn debt due to coronavirus, braces for biggest post-war deficit
World

Australia to run into $131 bn debt due to coronavirus, braces for biggest post-war deficit

The impact of the coronavirus outbreak has left Australia's trade-exposed $1.43 trillion economy grappling with skyrocketing unemployment