Union Budget 2016-17
Vikas Ka Budget
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Finance Minister Arun Jaitley unveiled Union Budget 2016-17. Jaitley reiterated a forecast that India would grow by 7.6% in the fiscal year that is drawing to a close. He said the government wanted to spread the benefits of growth more widely among Indias 1.3 billion people, but that he would stick to the governments existing fiscal deficit target for the coming year.
INTRODUCTION
- Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF.
- Robust growth achieved despite very unfavourable global conditions and two consecutive years shortfall in monsoon by 13%
- Foreign exchange reserves touched highest ever level of about 350 billion US dollars.
- Despite increased devolution to States by 55% as a result of the 14th Finance Commission award, plan expenditure increased at RE stage in 2015-16 – in contrast to earlier years.
Key Features of Budget 2016-2017 explained in simple and crisp images.
Union Budget Highlight for Agriculture and Farmers Welfare
Union Budget Highlight for Rural Sector
Union Budget Highlight for Social Sector Including Healthcare
Union Budget Highlight for Education
Union Budget Highlight for Skill and Job Creation
Union Budget Highlight for Infrastructure and Investment
Union Budget Highlight for Financial Sector Reforms
Union Budget Highlight for Governance and Ease of Doing Business
Union Budget Highlight for Fiscal Discipline
Union Budget Highlight for Tax Reforms
Budget Speech 2016 -2017 in PDF Format, Click here
Key Features of Budget 2016-2017 in PDF Format, Click here
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