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Budget Highlights-5

Budget Highlights-5

* Pradhan Mantri Kaushal Vikas Yojan gets Rs.1,700 crore

  • Digital depository for school leaving certificates
    • Higher education financing agency to be set up with fund of Rs.1,000 crore

    • National Skill Development Mission has imparted training to 76 lakh youth; 1,500 multi-skill training institutes to be set up

       

    • Model Shops and Establishments Bill to be circulated for voluntary adoption by states

    • Current account deficit down to $14.4 billion

    • Rs.2.87 lakh crore for rural and urban local bodies

    • Animal welfare programme, animal health card, e-marketing platform for connecting breeders

    • 100 percent village electrification to be achieved by May 1, 2018

    • Appreciation for 75 lakh middle class and lower middle class families for willingly giving up LPG Subsidy

    • Rs.19,000 crore allotted for PMGSY

    • Rs.8.5 lakh crore of agricultural credit targetted in 2015-16; and Rs.9 lakh crore in 2016-17

    • 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

    • Recapitalisation 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 prioritise expenditure given recommendations of 7th Pay Commission and OROP implementation

    • Nine pillars for reforming India, among them agriculture, social sector, education, infra, fiscal discipline, and 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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