2016-17 Union Budget:Highlights...

By: Team Ifairer | Posted: 29-02-2016

2016-17 Union Budget:Highlights..., union budget 2016-17, budgets 2016, major highlights of budgets 2016-17, highlights of most awaited 2016-17 union budget, jaitley presents union budget 2016-17, union budget 2016-17, highlights of budgets, general articles, ifairer

Finance Minister Arun Jaitley presented the most awaited third General Budget today. The Government has unveiled a road map for big-ticket disinvestment. Corporate tax has lowered from 30 per cent to 29 per cent with the first cut in series being planned to bring it down over the next four years to 25 per cent. Major highlighted points includes....

-Mr. Jaitley says the Indian economy has held strong despite a global slowdown.

-GDP growth has accelerated to 7.6%. CPI inflation has come down to 5.4%.

-Forex reserves are at the highest ever levels C - $350 billion.

-FY 15-16 and 16-17 will be challenging for the government. FY 16-17 will have the additional burden of implementing the VII pay commission and the defence OROP.

-CAD is 1.4% of GDP.

-New scheme for BPL families for gas connections. Staturtory backing for Aadhaar platform to ensure delivery of benefits.

-Jaitley announces the nine pillars of his Budget - Agriculture and farmers' welfare, rural sector, social sector including healthcare, education, skills and job creation, infrastructure, financial sector reforms, ease of doing business, fiscal discipline, tax reforms to reduce compliance burden.

-Govt will reorganise agricultural policy to double farmer income in five years.

-28.5 lakh hectares to be brought under irrigation.

-Paramparagat Krishi Vikas Yojana to bring 5 lakh acres under organic farming.

-Unified e-platform for farmers to be inaugurated on Ambedkar's birthday.

union budget 2016-17, budgets 2016, major highlights of budgets 2016-17, highlights of most awaited 2016-17 union budget, jaitley presents union budget 2016-17, union budget 2016-17, highlights of budgets, general articles, ifairer

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