Union Budget 2016-17 Highlights - Live Updates

February 29, 2016    

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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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Union Budget 2016-17 Highlights - Live Updates 4.5 5 Yateendra sahu February 29, 2016 sponsored links Note : Refresh the page for Live updaes Finance Minister Arun Jaitley has been presenting his third Union Budget for th...


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