Vikas Ka Budget 2016
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Here the candidates will get the details about Vikas Ka Budget 2016.
Some highlights of
Vikas Budget:
·
Agriculture and farmer welfare
·
Rural sector
·
Social; sector including health care
·
Education
·
Skills and job creation
·
Infrastructure and investment
·
Financial sector reforms
·
Governance and ease of doing business
·
Fiscal discipline
·
Tax reforms
'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 Crores
·
Banks' recapitalization in next fiscal
·
Jaitley proposes dedicated irrigation fund worth
Rs.20, 000 Crores
·
100 per cent village electrification to be
achieved by 1st May, 2018
·
Rs.5, 500 Crores for crop insurance scheme
·
Rs.38, 500 Crores to be disbursed under MGNREGA
next fiscal
·
300 rurban clusters to be set up under Shyama
Prasad Mukherjee 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
panchayats 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
·
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 Mudra Yojana
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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