Presenting the budget in the Assembly on Wednesday, Finance Minister Yanamala Ramakrishnudu said the outlay marked an increase of 15.77% compared to the previous year. The budget had a bag full of goodies as the government focussed on job creation, housing, and revival of sick industries. New conceptThe TDP’s poll promise of providing unemployment allowance found place in the budget with the government earmarking ₹500 crore. The Finance Minister said comprehensive action would be taken during the fiscal and beyond to improve the lives of women. The government came up with a new concept, outcome budget, to ensure clarity on goals, strategies as well as physical and financial targets.

Source: The Hindu March 15, 2017 20:33 UTC