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Highlights of Union Budget-VI

New Delhi [India], Feb 1 : Finance Minister Arun Jaitley is presenting the Union Budget for financial year 2017-18.Highlights of the Union Budget are as follows:• Rs 10,000 crore for BharatNet project to expand broadband coverage.• We have decided to abolish Foreign Investment Promotion Board.• Further reforms in FDI norms will be taken up.• Rs 2.4 lakh crore allocated for transport sector as a whole expenditure towards high-ways raised to Rs 64,000 crore.• Railway related state-run companies like Ircon, IRCTC to be listed on stock exchanges.• There is an urgent scheme to provide gullible investors from investment schemes of unsuccessful and unscrupulous elements.• Another Rs 10,000 crore provided for recapitalisation of banks, more will be provided if required.• Action plan to eliminate Kala Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and Tuberculosis by 2025.• During 2017-18, another 5 lakh ponds will be constructed, for drought-proofing.• 3.5 Crore youth will be trained under Sankalp program launched by the government.• Propose to double the lending target of Pradhan Matri Mudra Yojana and set it up at Rs 2.44 lakh crore for 2017-18.
Source: ANI