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FARMERS in Budget 2017 - 2018 Target for agricultural credit in 2017-18 has been fixed at a record level of ` 10 lakh crores Farmers will also benefit  from  60  days’  interest  waiver  announced  on 31 Dec 2016 To ensure flow of credit to small farmers, Government to support NABARD for computerisation and integration of all 63,000 functional Primary Agriculture Credit Societies with the Core Banking System of District  Central Cooperative Banks. This will be done in  3 years at an estimated  cost of ` 1,900 crores Coverage under Fasal Bima Yojana scheme will be increased from 30% of cropped area in 2016-17 to 40% in 2017-18 and 50% in 2018-19 for which a budget provision of ` 9000 crore has been made New mini labs in Krishi Vigyan Kendras (KVKs) and ensure 100% coverage  of all 648 KVKs in the country for soil sample testing As announced by the Honourable Prime Minister, the Long Term Irrigation Fund already set up in ...

ROADMAP & PRIORITIES in Budget 2017 - 2018 Agenda for 2017-18 is : “Transform, Energise and Clean India” – TEC India TEC India seeks to Transform the quality of governance and quality of life  of our people; Energise various sections of society, especially the youth and the vulnerable, and enable them to unleash their true potential; and Clean the country from the evils of corruption, black money and non-transparent political funding Ten distinct themes to foster this broad agenda: Farmers : committed to double the income in 5 years; Rural Population : providing employment & basic infrastructure; Youth : energising them through education, skills and jobs; The Poor and the Underprivileged : strengthening the systems of social security, health care and affordable housing; Infrastructure:  for efficiency, productivity and quality of life; Financial Sector : growth & stability by stronger institutions; Digital Economy :  for spee...

DEMONITISATION in Budget 2017-2018 Bold and decisive measure to curb tax evasion and parallel economy Government’s resolve to eliminate corruption, black money, counterfeit currency and terror funding Drop in economic activity, if any, to be temporary Generate long term benefits including reduced corruption, greater digitisation, increased flow of financial savings and greater formalisation of the economy Pace of remonetisation has picked up and will soon reach comfortable levels The surplus liquidity in the banking system will lower borrowing costs and increase the access to credit Announcements made by the Honourable Prime Minister on 31st Dec,  2016 focusing on housing for the poor; relief to farmers; credit support to MSMEs; encouragement to digital transactions; assistance to pregnant women and senior citizens; and priority to dalits, tribals, backward classes and women under the Mudra Yojana, address key concerns of our economy

TRANSFORMATIONAL REFORMS IN LAST YEAR - Budget 2017 Highlights Passage of the Constitution Amendment Bill for GST and the progress for its introduction Demonetisation of high denomination bank notes Enactment of the Insolvency and Bankruptcy Code; amendment to the RBI Act for inflation targeting; enactment of the Aadhar bill for disbursement  of financial subsidies and benefits Budget 2017-18 contains 3 major reforms. First, presentation of Budget advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year. Second, merger  of Railways Budget with General Budget to bring Railways to the centre stage of Government’s Fiscal Policy and Third, removal of plan and non- plan classification of expenditure to facilitate a holistic view of allocations for sectors and ministries

Budget CHALLENGES IN 2017-18 World economy faces considerable uncertainty, in the aftermath of major economic and political developments during the last year The US Federal Reserve's , intention to increase policy rates in 2017, may lead to lower capital inflows and higher outflows from the emerging economies Uncertainty around commodity prices, especially that of crude oil, has implications for the fiscal situation of emerging economies Signs of retreat from globalisation of goods, services and people, as pressures for protectionism are building up

Key Features of Budget 2017-2018 INTRODUCTION In the last two and half years administration has moved from discretionary, favouritism based to system and transparency based Inflation brought under control. CPI-based inflation declined from 6% in July 2016 to 3.4% in December, 2016 Economy has moved on a high growth path. India’s Current Account Deficit declined from about 1% of GDP last year to 0.3% of GDP in the first half of 2016-17. FDI grew 36% in H1 2016-17 over H1 2015-16, despite 5% reduction in global FDI inflows. Foreign exchange reserves have reached 361 billion US Dollars as on 20th January, 2017 War against black money launched Government continued on path of fiscal consolidation, without compromising on public investment. The Indian economy has been robust to mild shocks and IMF forecasts, India to be one of the fastest growing major economies in 2017 CHALLENGES IN 2017-18 World economy faces considerable uncertainty, in the aftermath of major economi...

NHB Apps National Housing Bank (NHB) is a lean, officer oriented, professionally managed institution with its headquarters in Delhi and Regional Representative Offices at Mumbai, Hyderabad, Bangalore, Chennai, Kolkata, Lucknow, Ahmedabad, Bhopal, Bhubaneshwar, Patna, Nagpur & Jaipur. NHB has been established to achieve, inter alia, the following objectives To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups. To augment resources for the sector and channelize them for housing. To make housing credit more affordable. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act. To encourage augmentation of supply of buildable land and als...

Budget 2017 - Union Budget & Railway Budget