Interim Budget 2014: Small cars, bikes, SUVs, local mobile phones to be cheaper, no change in IT rates

Here is the live reporting for vote-on-account interim budget :
 
8:53 am: Chidambaram leaves residence for  his office.

10:13 am: P Chidambaram reaches the Parliament.

10:18 am: The full Budget for 2014-15 will be presented by the new government in June-July.

11:05 am: Sensex and Nifty rise before Interim Budget.

11:07 am: Finance Minister P Chidambaram will soon present the last interim budget of the UPA-II in Parliament.

11:08 am: P Chidamabaram is not making the presentation of Budget on the floors of the Lok Sabha.

11:10 am: The FM may go to Lok Sabha TV to read out the interim budget speech.

11:15 am P Chidamabaram read the Budget speech.

11: 17 am: FM is now speaking amidst chaos.

11: 17 am: FM - Global economic meltdown has affected us.

11: 18 am: FM - The challenges we face are common to all economies.

11: 19 am:FM - India has managed to keep its head above the water.

11:20 am: FM's budget speech disrupted by pro and anti-Telangana MPs.

11:21 am: Speaker Meira Kumar appeals to MPs not to obstruct Finance Minister's speech, as he is performing a Constiutional responsibility

11:21 am: FM - Just 3% global economic growth in the year.

11: 22 am: FM - Food inflation a major worry for the government.

FM: Foodgrain production estimated at 263 million tons in 2013-141

FM - Agriculture sector has reported a good growth.

11:23 am: Fiscal situation has improved, no one is speaking about downgrade. Fiscal deficit pegged to 4.6 pc of GDP, well below red line I had drawn last year. Current Account Deficit down to $ 45 billion, and will be contained: FM

11: 24 am: FM - Even after the slowdown, saving rate is healthy.

11: 26 am:FM: 296 projects worth Rs.6.6 lakh crore have been cleared.

11: 28 am: FM - Govt has implemented major infra projects. 7 new airports are under construction.

11: 29 am:FM - We expect the growth for the whole year to be at least 5.2%

FM - We have been able to arrest the fall in GDP growth.

11: 31 am: FM - 2.64 lakh MW power is being generated. Our food grains stock is very high.

FM - After a decade there are more than 3 lakh KM of rural roads under PMGSY.

11: 32 am: FM - I reject the arguments on policy paralysis.

11: 33 am: FM - One of strong decision include decontrol of sugar.