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22/12/2021

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04/11/2018

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25/10/2016

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29/02/2016

Highlights of the Union Budget 2016-17

Banking

Banks get a big boost: Rs. 25,000 crore towards recapitalization of public sector banks. Banking Board Bureau will be operationalized, government stand solidly behind public sector banks.

Target of disbursement under MUDRA increased to 1,80,000 crore

Process of transfer of government stake in IDBI Bank below 50% started

General Insurance companies will be listed in the stock exchange

Government to increase ATMs, micro-ATMs in post offices in next three years

29/02/2016

Highlights of the Union Budget 2016-17

Agriculture

Total allocation for agriculture and farmer welfare at Rs. 35984 crores

28.5 lakh hectares of land will be brought under irrigation.

5 lakh acres to be brought under organic farming over a three year period

Rs. 60,000 crore for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.

Dedicated irrigation fund in NABARD of Rs.20.000 cr.

Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.

29/02/2016

Highlights of the Union Budget 2016-17

Investments and infrastructure

Rs. 27,000 crore to be spent on roadways

65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day

Shops to be given option to remain open all seven days in a week across markets.

Rs. 55,000 crore for roads and highways. Total allocation for road construction, including PMGSY, - Rs. 97,000 crore

India's highest-ever production of motor vehicles was recorded in 2015

Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 crore

New Greenfield ports to be developed on east and west coasts

Revival of underserved airports. Centre to Partner with States to revive small airports for regional connectivity

100 per cent FDI in marketing of food products produced and marketed in India

Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset Management

Government will amend Motor Vehicle Act in passenger vehicle segment to allow innovation.

MAT will be applicable for startups that qualify for 100 per cent tax exemption

Direct tax proposals result in revenue loss of Rs.1060 crore, indirect tax proposals result in gain of Rs.20,670 crore