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Union Finance Minister Shri Arun Jaitley spoke on the Key Reform Measures in his Budget speech 2016-17

Budget - Dated:- 29-2-2016 - 1. The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017. 2. Total allocation for Agriculture, Farmers welfare and Irrigation set at ₹ 47,912 cr, which is nearly twice the allocation of the previous year. 3. New Health Protection scheme will provide health cover up to ₹ 1 lakh per family and additional ₹ 30,000 for senior citizens. 4. Free LPG con .....

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Teaching and Research Institutions. 7. Promoting a tax-friendly regime and minimizing hassles due to litigation through a New Dispute Resolution Scheme with low or zero penalties. Ongoing tax cases can be settled with ease. 8. Increased relief for middle-class tax-payers by raising the ceiling of tax rebate under Section 87A to ₹ 5,000 for individuals with income less than ₹ 5 lakhs and by raising the limit of deduction of rent paid under section 80GG to ₹ 60,000. 9. Directly .....

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