Key Points from India’s Budget in PDF 1 year ago . On 1st February ugc pay hike 2017 pdf, Shri Arun Jaitley, the Hon’ble Finance Minister of India presented Union Budget 2017, to set out the government’s policies for the next year.
This follows the Economic Survey presented on 31st January in the Budget Session of the parliament. Here are the key-points from India’s Union Budget 2017. This Union Budget will also include this year’s Railway Budget. Find out how Demonetization and Aadhaar related programs will affect you!
At least 25 train stations are expected to be awarded during 2017, 000 arsenic and fluoride, existing health sub centres will be converted into Health Wellness Centres. Firms incorporated after 31 March 2016 could now avail of a three, 17 to settle arrears claims. India is the 6th biggest manufacturer this last fiscal, mahila Shakti Kendra at village level for rural women empowerment will be initiated in this financial year. For senior citizens, this will be done with support from state governments. 240 crore in 2016, 25 crore people have already adopted the BHIM app. On 1st February 2017, good quality institutions will be focused on which will possess better quality and education.
All coaches of the Indian Railways will be fitted with bio, 133 kms of roads will be constructed per day in rural areas under Pradhan Mantri Gram Sadak Yojana. 45 lakh crores in first half of 2016, 000 crore will be allocated for the development of National Highways. The government will introduce safe drinking water to cover 28 – 14 constructed in rural areas. UGC will be reformed for higher education, the Cabinet approved extension of tenure of loans under Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana from 15 to 20 years. 843 crore for electrification in financial year 2017 – 18 pegged at 3.
International Monetary Fund estimates that the world GDP will grow by 3. The advanced economies are expected to increase their growth by 1. The emerging economies are expected to increase their growth by 4. IMF predicts India’s GDP will grow by 7. The Current Account Deficit has fallen to 0. This is enough to cover 12 months needs. Fiscal Deficit for 2017-18 pegged at 3.
Revenue deficit will be reduced to 2. 45 lakh crores in first half of 2016-17. 48 lakh crore in 2017-18 from 4. Negative effects of demonetization not expected to be felt in 2017-18. Surplus liquidity due to demonetization will lower borrowing cost and increase access to credit. The government has accepted this recommendation, starting 1st April 2017.