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Note : Refresh the page for Live updaes
Finance Minister Arun Jaitley has been presenting his third Union Budget for the financial year 2016-17 in Lok Sabha now. Here are the live updates of some important announcements. We will provide the Pdf Version of Union Budget Highlights by today's evening. Happy Reading :)
- 100% rural electrification to be achieved by 1st May, 2018
- 2 projects under Stand Up India to be promoted per bank branch per category
- 300 rurban clusters to be set up under Shyama Prasad Mukherji Rurban Mission
- 5 lakh acres to be brought under organic farming over three years
- 6 crore additional households to be covered under digital literacy scheme in next 3 years
- 62 new Navodaya Vidyalayas will be opened in the next 2 years
- 65 eligible habitats to be connected via 2.23 lakh km of road. Current construction pace is 100 km per day
- A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. BR Ambedkar
- Aim to double farmers' income in 5 years. Rs 35,984 crore allocation for their welfare
- Aim to double the income of farmers in five years. Rs 35,984 crores total allocation for farmers' welfare
- Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 crore
- Allocation of Rs 35,984 crore for farm sector
- Amidst global headwinds, the Indian economy has held its own
- Appreciation for 75 lakh middle class and lower middle class for willingly giving up LPG subsidy
- CPI inflation has declined to 5.4%
- Dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD
- Farm, rural sector, infra, social sector to have more government expenditure
- Foreign exchange reserves are at highest ever level
- Government has to prioritize expenditure. Focus on the rural and social sectors, infrastructure and recapitalization of bank
- Government is launching a new initiative to provide cooking gas to BPL families with state support
- Govt to provide incentive for deepwater gas exploration
- Govt to set apart Rs 412 crore to encourage organic farming
- Infaltion has come down even though there was a fall in monsoons
- New restructured scheme to increase the governance capabilities of PRIs to be launched: Rashtriya Gram Swaraj Abhiyan
- Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana
- Recapitalization of banks will be done during next financial year
- Rs 2.87 lakh crore to be given grant-in-aid for gram panchayats and municipalities; it is quantum jump of 228%
- Rs 38,500 crores allocated to MNREGA
- Rs 5,500 crores allocated to PM Fasal Bima Yojana
- Rs 87,765 crores for rural development as a whole have been allocated in the budget
- Rs 9,000 crores allocated to Swaccha Bharat Abhiyaan
- Skill India: 1 crore youth to be trained in next three years
- Stand Up India scheme allocated Rs 500 crore for SC, ST and women entrepreneurs.
- The growth of GDP has accelerated to 7.6%
- Will enact a law to confer benefits on deserving sections on aadhar platform
- Work for passage of insolvency and bankruptcy laws, to undertake significant reforms
- National Skill Development Mission has imparted training to 76 lakh youth.
- 1,500 multi skill training institutes to be set up
- Objective to skill 1 crore youth in the next 3 years under the PM Kaushal Vikas Yojana
- Health insurance of upto Rs 1 lakh per family.
- 300 generic drug stores to be opened under PM Jan Aushadi Yojana
- 85% of stalled road projects back on track
- Rs 97,000 crore allocated to road sector including PMGSY
- Total outlay for infrastructure Rs 2,21,246 crores in 2016/17
- Target of 10,000km of national highway and upgradation of 50,000km of state highways in 2016/17
- Rs 1,000 crore for higher education financing
- Govt drawing a comprehensive plan to exploit nuclear energy to be implemented in the next 15-20 years
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