Vikas
Ka Budget 2016
Finance
Minister, ‘Arun Jaitley ‘has declared Vikas Ka Budget 2016.
Vikas ka budget is
the budget for the up gradation, acceleration, and upliftment of the
poor. It is a Budget for Development, a Budget to enhance efficiency and
quality life of India. Here you can get the main points of Vikas Ka Budget,
current updates and Tax proposals. In this page we are providing the all the
key features and important points of Vikas Ka Budget 2016.
Finally Finance
Minister, Arun Jaitley outlines nine pillars of 'Vikas Ka Budget' as well as
proposes dedicated irrigation fund worth Rs.20,000 crore, a new health
protection scheme and propose an aim to double the income of farmers and many
more in order to alter and change the economical shape of India.
In the below
section of the page you can check the key features of and highlights of Vikas
ka Budget 2016.
Highlights
of Vikas Ka Budget 2016:
Jaitley outlines nine pillars of 'Vikas Ka
Budget'.
Fiscal deficit for financial year 2016-17
targeted at 3.5 per cent.
A comprehensive plan to be implemented in
the next 15-20 years for exploiting Nuclear energy
Government promises to pay EPF contribution
of 8.33% for all new employees for first three years.
Laid more focus on the rural and social
sectors, infrastructure and recapitalization of banks.
Jaitley proposes Unified agriculture market
e-platform will be dedicated to the nation on the birthday of Dr. B.R.
Ambedkar.
Farm credit target pegged at Rs.9 lakh
crore.
Banks' recapitalization in next fiscal
Jaitley proposes dedicated irrigation fund
worth Rs.20, 000 crore.
100 per cent village electrification to be
achieved by 1st May, 2018
Rs.5, 500 crore for crop insurance scheme
Rs.38, 500 crore to be disbursed under
MGNREGA next fiscal
300 urban clusters to be set up under
Shyama Prasad Mukherji Rurban Mission
An Objective to expertise 1 crore youth in
the next 3 years under the PM Kaushal Vikas Yojana
Government of India has to provide health
insurance of up to Rs.1 lakh per family.
Rs.2.87 lakh crore aids to rural and urban
local bodies.
Government promise to stands firmly behind
public sector banks
Quantum jump of 228 per cent in grants to
gram Panchayat and urban local bodies in accordance with FFC recommendations
Assures to provide, 65 eligible habitats to
be connected via 2.23 lakh Kms of road and Current construction pace is 100 Kms
per day.
RBI Act being amended to provide statutory
basis for monetary policy framework
Also provides, Necessary interim provisions
made for implementation of 7th Pay Commission recommendations.
More number of benches of Security
Appellate Tribunal to be introduced by amending SEBI Act to reduce pendency.
A bill on targeted delivery of financial
services using Aadhar to be introduced
Rs.19, 000 crore allocated for PM Gram
Sadak Yojana.
Appreciation for 75 lakh Middle class and
lower middle class for willingly giving up LPG subsidy
Massive mission to be launched to provide
LPG connections to BPL households
National Skill Development Mission has
imparted training to 76 lakh youth. 1500 Multi skill training institutes to be
set up
300 generic drug stores to be opened under
PM Jan Aushadi Yojana
100 per cent FDI through FAPB route in
marketing of food products produced and manufactured in India.
Amount to be sanctioned under PM
MudraYojana has reached Rs.1 lakh crore to cover 2.5 crore borrowers by
February, 2016.
Number of measures to be undertaken to
deepen corporate bond market
New Financial Data Management Centre to
facilitate integrated data analysis.
Digital literacy scheme for rural India
Plan - non-plan classification of
expenditure to be done away with from FY 2017-18.
Target of disbursement under MUDRA
increased to Rs.1, 80,000 crore.
Dept. of Disinvestment to be renamed as
Dept. of Investment and Public Asset Management
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announcements and related updates regarding Vikas Ka Budget in the above
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