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FM: GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’

Budget - Dated:- 29-2-2016 - While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the growth of GDP has accelerated to 7.6% in the current Financial Year. This was possible notwithstan .....

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ve been battered and the global trade had contracted. Amidst these global events, the Indian economy held its ground firmly, due to the inherent strengths and policies of the present Government. The Finance Minister Shri Jaitley said that the IMF has .....

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d zero investor confidence in Government s capability to govern. The Finance Minister Shri Jaitley further said that CPI inflation which was 9.4% during the last three years of the previous Government had come down to 5.4%. This was accomplished desp .....

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r, projected to be 1.4% of GDP by the end of this year. India s foreign exchange reserves are at the highest level of about 350 billion of US dollars. The Finance Minister affirmed the principle that money with Government belongs to the people and th .....

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ractice of reducing it. Shri Jaitley pointed-out three serious implications facing the Indian economy. Firstly, we must strengthen our firewalls against the risks of further global slowdown and turbulence by ensuring macroeconomic stability and prude .....

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s to change the lives of people for the better. The Finance Minister said that the Government has also to prioritise its expenditure for the Financial Year 2016-17 on account of the recommendations of 7th Central Pay Commission and the implementation .....

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r and provide for recapitalisation of banks as these sectors need immediate action. The Finance Minister Shri Jaitley also said that the Government will undertake three major schemes to help the weaker section of the society. The Pradhan Mantri Fasal .....

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about one-third of India s population against hospitalization expenditure will also be announced. A new initiative to ensure BPL families are provided with cooking gas connection, supported by a Government subsidy, will also be launched. Shri Jaitley .....

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