Union Budget 2017: Finance minister Arun Jaitley's 3G budget: Key takeaways - News Summed Up

Union Budget 2017: Finance minister Arun Jaitley's 3G budget: Key takeaways


100 per cent electrification of villages +Rural Agricultural and allied sectors +rural roads +infrastructure status to affordable housing +Affordable housing developers +improve investability +Mahila Shakti Kendra will be set up +will be achieved by May 1, 2019. The government has allocated Rs 4,843 crore for electrification in fiscal year 2017-18.received Rs 1,87,223 crore for fiscal year 2017-18, a hike of 24 per cent as complared to last year.The finance minister dedicated Rs 27,000 crore foragainst Rs 19,000 crore last year.The budget for MNREGA has been increased to Rs 48,000 crore for 2017-18. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutritionThe allocation for Scheduled Castes has been increased by 35% compared to Budget Estimate 2016-17.The allocation for Scheduled Tribes has been increased to Rs 31,920 crores and for Minority Affairs to Rs 4,195 crore.The government will continue process of economic reforms for the benefit of the poor. Finance minister announced legislative reforms to be undertaken to simplify, rationalise existing labour laws. India to spend more in rural areas, infrastructure and poverty alleviation.


Source: Times of India February 01, 2017 11:48 UTC



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