Finance Minister Arun Jaitley begins presentation of the Union Budget for 2017-18.
• We have moved from discretionary based administration to policy based administration: FM Jaitley.
• We have moved from discretionary based administration topolicy based administration: FM Jaitley.
• More steps will be taken to benefit farmers and the weaker sections; budget being presented during weak global economy: FM.
• Monetary policy to be expansionary in major economies: FM.
• Uncertainty around commodity prices especially oil to have impact on emerging economies: FM.
• India has emerged as bright spot in the world: FM.
• CAD declined from 1 pc last year to 0.3 pc in first half of current fiscal: FM.
• Protectionism is increasing, says Jaitley.
• 36 pc increase in FDI flow; forex reserves at USD 361 billion in January enough to cover 12 months needs: FM.
• We are seen as engine of global growth; IMF sees India to grow fastest in major economies: FM.
• Demonetisation was a continuation of series of measures taken by govt in 2 yrs; it is bold and decisive measure: FM.
• Govt took two tectonic policy initiatives - passage of GST Bill and demonetisation: Jaitley.
• Effects of demonetisation not expected to spill over to the next year, says Finance Minister.
• GDP will be bigger, cleaner after demonetisation: FM.
• GDP will be bigger, cleaner after demonetisation: FM.
• Merger of Railways Budget with General Budget brings focus on a multi-modal approach for development of railways, highways and inland water transport: FM.
• Demonetisation will help in transfer of resources from tax evaders to government: Jaitley.
• Functional autonomy of the railways to be maintained, says Jaitley.
• Pace of remonetisation has picked up; demonetisation effects will not spill over to next year: FM.
• World Bank expects GDP growth rate at 7.6 pc in FY18 and 7.8 pc in FY19: FM.
• Our agenda for next year is to transform, energise and clean India: FM.
• Spend more in rural areas, infra, poverty alleviation, while maintaining fiscal prudence as guiding principle of Budget: FM.
• We will continue the process of economic reform for the benfit of poor: FM.
• Budget presentation advanced to help begin implementation of schemes before onset of monsoon: FM.
• Mini labs by qualified local entrepreneurs to be set up for soil testing in all 648 krishi vigyan kendras in the country: FM.
• Mini labs by qualified local entrepreneurs to be set up for soil testing in all 648 krishi vigyan kendras in the country: FM.
• Committed to double farm income in 5 yrs: FM.
• Demonetisation was a bold and decisive strike in a series of measures to arrive at a new norm of bigger, cleaner and real GDP: FM.
• Agricultural sector is expected to grow at 4.1 per cent this fiscal, says Jaitley.
• Tax administration honouring the honest is one of the 10 pillars of Budget 2017-18: FM.
• Target of agriculture credit fixed at Rs 10 lakh cr in 2017-18: FM.
• Rs 9,000 cr higher allocation for payment of sugarcane arrears: FM.
• Allocation under MNREGA increased to 48,000 crore from Rs 38,500 crore. This is highest ever allocation, says FM. Space technology to be used for monitoring MNREGA implementation: FM.
• Space technology to be used for monitoring MNREGA implementation: FM.
• Space technology to be used for monitoring MNREGA implementation: FM.
• Modern law on contract farming will be drafted and circulated to states: FM.
• Participation of women in MNREGA increased to 55 pc from 45 pc in past: FM.
• 1 cr households to be brought out of poverty under Antodya Scheme: FM.
• Govt to set up dairy processing fund of Rs 8,000 crore over three years with initial corpus of Rs 2,000 crore.
• Govt to set up dairy processing fund of Rs 8,000 crore over three years with initial corpus of Rs 2,000 crore.
• National Testing agency to conduct all examinations in higher education, freeing CBSE and other agencies: FM.
• 27,000 cr on to be spend on PMGSY; 1 cr houses to be completed by 2017-18 for houseless: FM.
• 100 pc electrification of villages to be completed by May2018: FM.
• To construct one crore houses by 2019 for homeless. PM
• Awas Yojana allocation raised from Rs 15,000 cr to Rs 23,000 cr.
• We propose to provide safe drinking water to 28,000 arsenic and fluoride affected habitations.
• Sanitation coverage in villages has increased from 42 pc in Oct 2016 to 60 pc, a rise of 18 pc, says FM.
• A system of annual learning outcome in schools to be introduced; innovation fund for secondary education to be set up: FM.
• A system of annual learning outcome in schools to be introduced; innovation fund for secondary education to be set up: FM.
• The allocation for rural agri and allied sector in 2017-18 is record Rs 1,81,223 crore: FM.
