Vikas Ka Budget 2016 Latest News & Updates With Highlights



Vikas Ka Budget 2016
Finance Minister, ‘Arun Jaitley ‘has declared Vikas Ka Budget 2016.
Vikas ka budget is the budget for the up gradation, acceleration, and upliftment of the poor. It is a Budget for Development, a Budget to enhance efficiency and quality life of India. Here you can get the main points of Vikas Ka Budget, current updates and Tax proposals. In this page we are providing the all the key features and important points of Vikas Ka Budget 2016.

Finally Finance Minister, Arun Jaitley outlines nine pillars of 'Vikas Ka Budget' as well as proposes dedicated irrigation fund worth Rs.20,000 crore, a new health protection scheme and propose an aim to double the income of farmers and many more in order to alter and change the economical shape of India. 
In the below section of the page you can check the key features of and highlights of Vikas ka Budget 2016.

 Highlights of Vikas Ka Budget 2016:

Jaitley outlines nine pillars of '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 crore.

Banks' recapitalization in next fiscal

Jaitley proposes dedicated irrigation fund worth Rs.20, 000 crore.

100 per cent village electrification to be achieved by 1st May, 2018

Rs.5, 500 crore for crop insurance scheme

Rs.38, 500 crore to be disbursed under MGNREGA next fiscal

300 urban clusters to be set up under Shyama Prasad Mukherji 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 Panchayat 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 and 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 MudraYojana 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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