INDIA BUDGET 2017 HIGHLIGHTS 2 |
5. Note ban is expected to have only a transient impact on economy.
6. The pace of remonetisation has picked up.
7. Budget preponement gives sufficient time to departments to implement schemes.
8. Approach in preparing the Budget is to spend more on rural areas, infrastructure and poverty alleviation with fiscal prudence.
9. Agriculture sector is expected to grow at 4.6%, agriculture expenditure targeted at Rs 10 lakh crore.
10. 36% increase in FDI flow; forex reserves at $361 billion in January, which is enough to cover 12 months needs.
11. Allocation under MNREGA increased to 48,000 crore from Rs 38,500 crore. This is highest ever allocation.
12. Total allocation for rural, agricultural and allied sectors for 2017-18 is Rs 187,223 crore, which is 24% higher than last year.
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