Vikas Ka Budget 2016 Live Status & Highlights Key Points - Sarkari Naukri Career

Wednesday, March 9, 2016

Vikas Ka Budget 2016 Live Status & Highlights Key Points

Vikas Ka Budget 2016

Dear contenders! We have provided latest Updates of Vikas Ka Budget, Hope it is very helpful to you.
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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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