Home ECONOMY Budget Highlights-3

Budget Highlights-3


* Rs.19,000 crore allotted for PMGSY

jaitley budget

* Rs.8.5 lakh crore of agricultural credit targeted in 2015-16

In 2016-17: Rs.9 lakh crore

* Rs.35,984 crore allocated for agriculture in 2016-17

* Five lakh acres to be brought under organic farming over three year period

* MGNREGA to get Rs.38,500 crore

* Recapitalization of banks during next fiscal

* Prudent fiscal policy needed, domestic demand should be raised, reforms need to be carried out

* Farm, rural sector, infra and social sector to get more funds

* Need to prioritize expenditure given recommendations of 7th Pay Commission and OROP implementation

* Nine pillars for reforming India, among them agriculture, social sector, education, infra, fiscal discipline, tax reforms

* Presenting budget when global economy in a serious crisis

* Amidst global headwinds, the Indian economy has held its own

* Converted challenges we inherited into opportunities

* CPI inflation down to 5.4 percent from 9 percent plus, bringing big relief to the public

* Forex reserves at highest-ever level