UNION BUDGET HIGHLIGHTS 2017

By | February 1, 2017

The union Budget is the annual financial Statements authorized under  Article 112  of India’s constitution

»This is the first time the Budget is being presented on February 01 and the first time union Budget has been combined with the Railway budget

»Finance minister Arun Jaitley presented the Union Budget 2017-18 in the Lok Sabha

» The government’s agenda  is – transform, energise and clean India – TEC India

Budget on Farmers
»Target for agriculture credit fixed at 10 LAKH cr
»Agriculture expected to grow 4.1% this year
»Dairy processing infrastructure development fund will be set up with NABARD with an initial corpus of Rupees -2000 Crore
»ENAM coverage will be expected to 585 markets
»Govt will provide a long term irrigation fund with a corpus of Rs-40,000cr

»36% increase in FDI flow; foren reserves at $361 billion in January 20 , which is enough to cover 12 months needs.

»Eliminate leprosy by 2018
»Eliminate TB by 2025

»New AIIMS in Jharkand and Gujarat

 

Budget on Rural Population
Total allocation for rural /Agriculture sector Rs-1,87,223cr
Mission Antyodhaya to bring 1cr households out of poverty and 50,000 gram Panchayats out of poverty
PM Gram Sadak Yojana –133km/day last year,27,000cr to be available this year for PM Gram Sadak Yojana
Swacch Bharat-28000 habitations to get safe drinking water
MGNREGA-5 Lakh ponds to be taken up in MGNREGA
-Women Participation in MGNREGA is only 55%
48,000cr allocated to MGNREGA

 

Budget on Railways
Total allocation for Railways Rs-1,31,000cr
3,500km of Railway lines will be laid this year
70 new rail Project
500 stations to be handicap friendly
7000 stations run on solar power
All coaches will have bio-toilets by 2019
New metro rail policy to be announced
Services charges on e- tickets booked on IRCTC to be withdrawn

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