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FM India continues to be one of the fastest growing economies in the world but there is still potential to grow at a much faster pace; more incentives to agriculture sector for increasing both agriculture production and productivity.

News and Press Release - Dated:- 6-2-2016 - Press Information Bureau Government of India Ministry of Finance 05-February-2016 19:23 IST The Union Finance Minister Shri Arun Jaitley said that India continues to be one of the fastest growing economies in the world, but there is still potential to grow at a much faster pace. He said that the world economy is passing through an uncertain and fragile situation. The Finance Minister said that all the major economic organisations including IMF have pre .....

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as given to the States for drought relief during the current financial year 2015-16 and more incentives will be given to agriculture sector for increasing agriculture production and productivity. The Finance Minister was making the Opening Remarks at the First Meeting of the Consultative Committee attached to the Ministry of Finance during inter-session of Parliament held here today. The Subject of the Meeting was Suggestions for Budget . The Finance Minister Shri Jaitley further said that loan .....

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l, we will very well manage our deficit targets. He said that during the financial year 2016-17, the Central Government has to make provision for about ₹ 1.10 lakh crore in order to meet the liabilities on account of implementation of Seventh Pay Commission recommendations and One Rank One Pension (OROP) Scheme. Thereafter, various suggestions were given by the Members of Consultative Committee who participated in today s Meeting. Some of the major suggestions include more allocation for a .....

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wage and affluent treatment plants in order to keep the environment clean. Other suggestions include more allocation for Drip Irrigation System to save water and promotion for use of improved varieties of seeds for crops to increase productivity. It was also suggested by various members that tax exemption limit for middle and salaried class be raised from existing ₹ 2.5 lakhs to ₹ 4 lakhs as well as more stress be given on widening of tax base and severe punishment for those evading .....

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ss the assesses which are later on turned down by the Appellate authorities. Another suggestion made was that since Indian economy is agro economy, therefore, agriculture oriented budget be presented this year. Higher allocations should be made to improve the agriculture related irrigation projects in different States which are in bad shape. It was suggested that skill development programmes be implemented effectively at block level in order to penetrate at grass root level and to make the Start .....

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