Live updates and discussion budget 16

Govt solidly behind PSU Banks. Will provide 25000 crore for banks recapitalisation. #UnionBudget2016 #BudgetwithCCI

Department of Disinvestment to be renamed as Department of Investment and Public Asset Management

The fiscal target has been set 3.5% of the GDP

Fiscal deficit for FY 2016-17 targeted at 3.5% 

FM acknowledges the role of the taxpayer in nation building #union budget 2016

Tax proposals to provide relief to small taxpayers through rebates #union budget 2016

Relief to those in rented houses: Deduction raised from Rs 24,000 to Rs 60,000 under Section 88G #union budget 2016

Corporate income tax: Incentives for new manufacturing companies and relatively small enterprise companies #union budget 2016

Relief to those in rented houses: deduction raised from Rs 24,000 to Rs 60,000 under Section 88G