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Jaitley says Budget focus on welfare, infrastructure with fiscal prudence: Highlights

NEW DELHI: Brushing aside doubt in the wake of death of a sitting member, Finance Minister Arun Jaitley today started the presentation Union Budget for 2017-18 as scheduled at 11 am. Highlights of the Union budget for 2017-18 presented by Finance Minister Arun Jaitley:
  • Total infra outlay pegged at over Rs 390,000 crore
  • Solar plan phase 2 to add 20,000 MW capacity
  • Road sector allocation at Rs 64,000 crore
  • Rs 500 cr allocated to set up Mahila Shakti Kendras; Allocation raised from Rs 1.56 lakh crore to Rs 1.84 lakh crore for women and child welfare.
  • Charges for e-booking of railway tickets through IRCTC withdrawn
  • Two new AIIMS for Jharkhand and Gujarat
  • National testing agency to conduct entrance exams for higher education
  • Affordable housing to get infrastructure status to avail benefits
  • Five special purpose vehicles for tourism sector
  • Drought proofing of Gram Panchayats via construction of five lakh ponds across India: Jaitley
  • Finance Minister Arun Jaitley on said Indian Railways' autonomy would be maintained even after its budget was merged with the Union Budget 2017-18.
  • Rural, agriculture and allied sectors' allocations up 24% to Rs 187,223 crore
  • 100% village electrification will be achieved by May 1,2018
  • National Housing Bank will refinance indiviual loans worth Rs 20,000 cr in 2017-18
  • 1.5 lakh health sub centres to be converted to Health Wellness Centre
  • One crore houses for poor by 2019
  • Agricultural credit target fixed at Rs 10 lakh crore
  • Agriculture expected to grow at 4.1% in current year MGNREGA allocation raised to RS 48,000 crore
  • 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 #MahatmaGandhi's words: A right cause never fails
  • 3 challenges in current global scenario:Monetary stance of US FED Reserve, Commodity prices specially 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
  • 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
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