Union Budget 2017-2018 Live Updates

February 1, 2017 Share Like Labels: ba

Finance Minister Arun Jaitley is presenting the Union budget 2017-2018 in Lok Sabha.

Some of the Highlights are:

IMF estimates world GDP to grow at 3.1% in 2016 and 3.4% in 2017: FM
EY India Insta-Analysis on Budget 2017: India becomes 6th largest manufacturer in the world.
The advanced economies are expected to increase their growth from 1.6%-1.9% and emerging economies from 4.1%-4.5%, says FM Arun Jaitley
Approach in preparing the Budget 2017 is to spend more on rural areas, infrastructure & poverty alleviation with fiscal prudence, says FM
Welcome plan to increase crop insurance to 40% of all cropped area
Agriculture sector is expected to grow at 4.6%, agriculture expenditure targeted at Rs 10 lakh crore.36% increase in FDI flow; forex reserves at $361 billion in January, which is enough to cover 12 months needs.
Allocation for MGNREGA at Rs 48,000 crore, highest ever.