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Union Budget 2016 Live: Finance Minister Arun Jaitley presents NDA government’s

Discussion in 'Stock Market Discussions' started by capvision02, Feb 29, 2016.

  1. capvision02

    capvision02 New Member

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    Union Budget 2016 Live: Finance Minister Arun Jaitley presents NDA government’s third budget in Parliament on Monday. He faces a tough task of balancing the needs of farm sector as well as industry as he seeks to garner resources to boost public spending for higher growth amid global slowdown. The 7th Pay Commission recommendations outgo estimated at Rs 1.02 lakh is likely to add to his fiscal problem.

    – Rs 800 crore for national waterways allocated Abolition of Permit Raj to be medium-term goal
    – Abolition of Permit Raj to be medium-term goal
    – Total outlay for infrastructure of 2016-17 stands at Rs 2,21,246 cr
    – Rs 55,000 cr allocated or road and highways, taking total road investments including Gram Sadak Yojna to Rs 97,000 cr during 2016-17
    – Small and medium shops should be given a choice to open on all 7 days. A model shop and establishment bill to be circulated which is to be adopted on a voluntary basis
    – Government to give 8.33 per cent interest to all new persons in EPFO in a bid to bring in unemployed person
    – Propose to exempt part of dialysis equipments from customs duty
    – Govt to spend Rs 850 crore in a few years on animal husbandry, cattle and livestock breeding:
    – New health care scheme with Rs 1 lakh cover for each family to be initiated
    – PM has called for entrepreneurship amongst SC and ST. For this Cabinet has approved Rs 500 crore through ‘Stand Up India’ shceme to promote SC, ST and women entrepreneurs.
    – 3,000 medicines stores under Prime Minister Jan Ausidhi Yojna to be started

    http://freelivecalls.blogspot.in/2016/02/union-budget-2016-live-finance-minister.html
     
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