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Budget Highlights-3

Budget Highlights-3

* Rs.19,000 crore allotted for PMGSY

  • Rs.8.5 lakh crore of agricultural credit targetted 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

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