Highlights of the Union budget for 2017-18 presented by Finance Minister Arun Jaitley in parliament on Wednesday:

  • Expectations included burning issues like inflation and price rise, issue of corruption & crony capitalism
  • Firmly believe that GST, Demonetisation, built on JAM, will have an epoch-making impact on the lives of our people

  • Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real

  • Target for agricultural credit in 2017-18 has been fixed at a record Rs 10 lakh crore

  • Coverage of Fasal Bima Yojana to go up from 30 per cent of cropped area, to 40 per cent in 2017-18, 50 per cent in 2018-19

  • NABARD to set up dedicated micro-irrigation fund to be set to achieve Per Drop More Crop mission

  • Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real

  • Effects of demonetisation not expected to spill over to next year

  • Recalls Mahatma Gandhi’s words: A right cause never fails

  • 3 challenges in current global scenario: Monetary stance of US FED Reserve, Commodity prices especially crude oil & retreat from globalisation

  • We have moved from a discretionary administration to a policy-based administration Expectations included burning issues like inflation and price rise, issue of corruption & crony capitalism

  • Sanitation coverage in rural areas has gone up to 60 per cent

  • Swachh Bharat Mission has made tremendous progress in promoting safe sanitation and ending open defecation

  • By 2019 all passenger coaches of railways to be fitted with bio-toilets

  • 1 crore houses to be completed by 2019 for houseless and those living in ‘kacha’ houses

  • Rs 19,000 crore in 2017-18 for PMGSY; together with contribution from states, Rs 27,000 crore to be spent

  • Total allocation for rural, agricultural & allied sectors for 2017-18 is a record Rs 1,87,223 crore, up 24 per cent from last year

  • Target for agricultural credit in 2017-18 has been fixed at a record Rs 10 lakh crore

  • Coverage of Fasal Bima Yojana to go up from 30 per cent of cropped area, to 40 per cent in 2017-18, 50 per cent in 2018-19

  • Corpus of NABARD’s long-term irrigation fund raised to Rs 40,000 crore

  • Mini soil-testing labs in Krishi Vigyan Kendras to ensure 100 per cent coverage

  • Highest ever allocation to MGNREGA at Rs 48,000 crore

  • Merger of Railway Budget with Budget 2017 a historic step

  • Advancement of budget will enable all ministries, departments to operationalise all schemes right from beginning of next fiscal. Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real

  • Firmly believe that GST, Demonetisation, built on JAM, will have an epoch-making impact on the lives of our people

  • Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real

  • Recalls Mahatma Gandhi’s words: A right cause never fails 3 challenges in current global scenario: Monetary stance of US FED Reserve, Commodity prices especially crude oil & retreat from globalisation

  • Our government was elected amidst huge expectations of people, the underlying theme of expectations being good governance

  • Hope to resolve all issues regarding GST via consultations
  • We are moving from informal to formal economy & the Government is now seen as a trusted custodian of public money

First Published | 1 February 2017 1:00 PM
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