Dear Readers,
The general budget speech is going on in Loksabha and our Finance Minister, Mr. Arun Jaitley is presenting the budget for the financial year 2016-2017. We are providing you the Budget Live Feeds and it will help you learn the schemes and the changes launched by the union government.
Below are the key points:
- ‘Forex reserves are at highest level at $350 billion‘
- ‘2016: Current account deficit seen at 1.4% of GDP‘
- ‘3 schemes to address weaker sections’
- GDP growth has accelerated to 7.6%. CPI inflation has come down to 5.4%.
- FY 16-17 will have the additional burden of implementing the VII pay commission and the defence OROP.
- 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.
- 28.5 lakh hectares to be brought under irrigation.
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