Finance Minister Arun Jaitley is presenting the Union budget 2017-2018 in Lok Sabha.
Budget Highlights :-
1. IMF estimates world GDP to grow at 3.1% in 2016 and 3.4% in 2017: FM
2. EY India Insta-Analysis on Budget 2017: India becomes 6th largest manufacturer in the world.
3. The advanced economies are expected to increase their growth from 1.6%-1.9% and emerging economies from 4.1%-4.5%, says FM Arun Jaitley
4. Approach in preparing the Budget 2017 is to spend more on rural areas, infrastructure & poverty alleviation with fiscal prudence, says FM
5. Welcome plan to increase crop insurance to 40% of all cropped area
6. Agriculture sector is expected to grow at 4.6%, agriculture expenditure targeted at Rs 10 lakh crore.36% increase in FDI flow; forex reserves at $361 billion in January, which is enough to cover 12 months needs.
7. Allocation for MGNREGA at Rs 48,000 crore, highest ever.
8. Total allocation for rural, agricultural and allied sectors for 2017-18 is Rs 187223 crore, which is 24% higher than last year.
9. One crore houses for poor by 2019.
10. Safe drinking water to cover 28,000 arsenic and Fluoride-affected habi