Major Highlights of Union Budget 2016-2017

  • FDI now in retail of domestic processed food.
  • Fiscal deficit at 3.5% of GDP in 2016-17.
  • 90 percent domestic honey being exported.
  • Construction of 10,000 km of new national highways targetted.
  • Target to upgrade 50,000 km of state highways.
  • FDI norms in insurance, pension being eased.
  • There are 160 airports and airstrips which can be revived.
  • Pradhan Mantri Kaushal Vikas Yojan gets Rs.1,700 crore.
  • Digital depository for school leaving certificates.
  • Small shops should be given the choice to remain open on all 7 days a week.
  • All villages to be electrified by May 1, 2018.
  • Rural development allocated Rs.87,765 crore.
  • Rs.35,984 crore allocated for agriculture next fiscal.
  • Rs.5,500 crore for crop insurance scheme.
  • Finance minister allocates Rs.38,500 crore for MNREGA.

Wefornews Bureau

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