Live Union Budget 2016 Updates: The Finance Minister Arun Jaitley will present the Union Budget 2016 today, find here Budget 2016 updates and other Details.
Live Union Budget 2016 Updates
Watch Doordarshan (DD1) Union Budget 2016-17 Finance Minister Arun Jaitly Speech Union Budget 2016-2017 Watch Online Live in Aajtak, ABP News, NDTV New TV Channels.
TV9 Telugu, NTV Telugu, TV5 News, ABN News, V6 News, ETV Telangana, ETV Andhra Pradesh, Sakshi News, HMTV, CVR News, Gemini News Live Union Budget 2016 Updates Speech Live Telecast on 29-2-2016 at 12PM.
Budget proposals for fiscal 2016 17 is set to be announced on Monday afternoon, and all eyes are on Finance Minister Arun Jaitley and what he holds in store for the common man and the country as a whole.
According to some experts, Prime Minister Narendra Modi has himself scrutinized the smaller details of the budget and issued implementable recommendations to the finance ministry.
Union Budget 2016 – LIVE from Parliament
10:46 am: Mr. Jaitley’s Budget speech to begin in 15 minutes.
10:43 am: Union Cabinet clears General Budget for 2016-17.
10:29 am: Cabinet meeting in Parliament ends.
10:05 am: The Sensex falls 59 points in early trade on reduced bets by cautious retail investors amid continued capital outflows by foreign funds ahead of the Budget. More…
9:53 am: Pre-Budget Cabinet meet to begin shortly.
9:40 am: Mr. Jaitley, MoS Jayant Sinha arrive in Parliament.
New Budget here, but old one’s funds still unspent
Most ministries complain of inadequate allocation of funds from the budget. It’s, therefore, likely that many of them would be living hand to mouth as the financial year draws to an end and the budget for 2016-17 is presented. But a look at spending patterns in the first nine months presents a different picture.
Ten ministries had not spent even half of what was given to them last year till December 2015, that is, in nine months. At the other extreme are seven ministries that had spent over 90% of their funds although one-fourth of the year was still remaining.
These figures refer to Plan spending, which does not include payments of salaries, pensions and other recurring expenditures. It includes all capital expenditure.
It is expected that ministries would spend their funds roughly proportionately to time. Not doing so implies rushing through huge spending in a couple of months as the financial year ends, with scant regard to efficacy or delivery. This has been a problem with various bodies and ministries and even the CAG has underlined this in the past.