Budget Highlights-3

* Rs.19,000 crore allotted for PMGSY

• Rs.8.5 lakh crore of agricultural credit targetted in 2015-16

  In 2016-17: Rs.9 lakh crore

  • Rs.35,984 crore allocated for agriculture in 2016-17

  • Five lakh acres to be brought under organic farming over three year period

  • MGNREGA to get Rs.38,500 crore

  • Recapitalization of banks during next fiscal

  • Prudent fiscal policy needed, domestic demand should be raised, reforms need to be carried out

  • Farm, rural sector, infra and social sector to get more funds

  • Need to prioritize expenditure given recommendations of 7th Pay Commission and OROP implementation

  • Nine pillars for reforming India, among them agriculture, social sector, education, infra, fiscal discipline, tax reforms

  • Presenting budget when global economy in a serious crisis

  • Amidst global headwinds, the Indian economy has held its own

  • Converted challenges we inherited into opportunities

  • CPI inflation down to 5.4 percent from 9 percent plus, bringing big relief to the public

  • Forex reserves at highest-ever level