Finance Minister Arun Jaitly Budget 2015

"We have embraced the States as equal partners in the process of economic growth."

"The credibility of the Indian economy has been reestablished," says Mr. Jaitley. "We are a round-the-clock, round-the-year government."

"We inherited a sentiment of doom and gloom. We have come a long way since then. The CAD for the year is expected to be below 1.3% of GDP. Foreign exchange reserves have risen to $340 billion."

"The people of India have voted resoundingly for quick change, faster growth and high levels of transparency. We have lived up to that trust."

 Three achievements of the new government — the success of the Jan Dhan Yojana, coal auctions and Swachch Bharat Abhiyan. "We will attain the target of building 6 crore toilets. It's at a deeper level a programme of preventive healthcare."

GST and JAM Trinity. GST will be implemented by April 2016

Estimated GDP for 2015-16 will be between 8 and 8.5 per cent. "Aiming for a double-digit growth rate seems feasible."

Housing for all by 2022 announced — 2 crore in rural areas, 5 crore in urban areas.  Rs. 8.5 lakh crore of rural credit for the year.

"All our schemes should focus off-centre on the poor. We need to upgrade 80,000 secondary schools."

"The rural-urban divide is no longer acceptable."

"We have devolved a 42 per cent share of divisible taxes to States. Devolution will be Rs. 5.2 lakh crore in 2015. Total transfer to States will 62 per cent."

Government will continue all social sector programmes like MNREGA, rural schemes etc.  

MGNREGA - Rs. 34,699 crore

 Gross disinvestment in loss-making units will be undertaken. DBT will be further expanded from 1 crore to 10.3 crore.

In order to improve soil health, the Agriculture Ministry's organic farming programme, Rs. 5,300 crore for micro-irrigation watershed projects.

Will create Mudra Bank with corpus of Rs. 20,000 crore for microfinance. "We are banking the unbanked and funding the unfunded.

We will bring a comprehensive bankruptcy code in 2015-16.

NBFCs registered with RBI above Rs. 5,000 crore to be considered financial institutions.

 Accident death risk - Rs 2 lakhs for a premium of Rs. 12 per year. Atal Pension Yojana - defined pension depending on contribution. Govt. will contribute 50 per cent of the amount.

Pradhan Mantri Jeevan Jyoti Bima Yojana - Rs. 1 per day premium, Rs. 2 lakh coverage