HIGHLIGHTS | BUDGET SPECIAL | UNION BUDGET 2016-17

Rs 1,000 crore allocated for new EPF (Employees’ Provident Fund) scheme

Rs 38,500 cr allocated for MNREGA in 2016-17, the highest ever if entire amount is spent

Rs 2.87 lakh crore will be given as grants-in-aid to village panchyats and municipalities to boost rural economy

Govt to spend Rs 850 crore in a few years on animal husbandry, cattle and livestock breeding

States will be encouraged to take up decentralised procurement of foodgrains

Record agri credit target of Rs 9 lakh crore in 2016-17 set

Rs 19,000 crore allocated for Pradhan Mantri Gramin Sadak Yojana in 2016-17. In all, Rs 27,000 cr after state contribution

Rs 2.87 lakh crore to be given grant-in-aid for gram panchayats and municipalities; it is quantum jump of 228%

Rs 60,000 crore for recharging of ground water recharging

Govt will work for passage of insolvency and bankruptcy laws. We will undertake significant reforms

Govt will enact a law to confer benefits on deserving sections on Aadhaar platform

Next financial year will cast an additional burden due to implementation of 7th Pay Commission and OROP

CPI inflation was 9.4% in the last 3 years of previous government. It has come down to 5.5% now

Growth has acclerated to 7.6% in 2015-16 notwithstanding contraction of global exports

Our external situation is robust, CAD has declined to $14.4 bn this year, will be 1.4% of GDP at the end of fiscal

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