Wednesday, 9 March 2016
Vikas Ka Budget 2016
Dear contenders! We have provided latest Updates of Vikas Ka Budget, Hope it is very helpful to you.The candidates may have to check the details from the current page www.sarkarinaukricareer.in. 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
· 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