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Union Budget 2016-17 (विकास का बजट) - Simply Explained


Union Budget 2016-17 

Vikas Ka Budget 

विकास का बजट


Finance Minister Arun Jaitley unveiled Union Budget 2016-17.  Jaitley reiterated a forecast that India would grow by 7.6% in the fiscal year that is drawing to a close. He said the government wanted to spread the benefits of growth more widely among India's 1.3 billion people, but that he would stick to the government's existing fiscal deficit target for the coming year.


INTRODUCTION


  • Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF. 
  • Robust growth achieved despite very unfavourable global conditions and two consecutive years shortfall in monsoon by 13%
  • Foreign exchange reserves touched highest ever level of about 350 billion US dollars. 
  • Despite increased devolution to States by 55% as a result of the 14th Finance Commission award, plan expenditure increased at RE stage in 2015-16 – in contrast to earlier years.


Key Features of Budget 2016-2017 explained in simple and crisp images.



Union Budget Highlight for Agriculture and Farmer's Welfare



Union Budget Highlight for Rural Sector



Union Budget Highlight for Social Sector Including Healthcare 



Union Budget Highlight for Education



Union Budget Highlight for Skill and Job Creation



Union Budget Highlight for Infrastructure and Investment



Union Budget Highlight for Financial Sector Reforms


Union Budget Highlight for Governance and Ease of Doing Business



Union Budget Highlight for Fiscal Discipline




Union Budget Highlight for Tax Reforms



Budget Speech 2016 -2017 in PDF Format, Click here

Key Features of Budget 2016-2017 in PDF Format, Click here


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