Thursday, 2 February 2017

Bullet points of Union Budget 2017-18

Bullet points of Union Budget 2017-18
W      CPI-based inflation declined from 6% in July 2016 to 3.4% in December, 2016
W      India’s Current Account Deficit declined from about 1% of GDP last year to 0.3% of GDP in the first half of 2016-17.
W      FDI grew 36% in H1 2016-17 over H1 2015-16.
W      Global FDI inflows reduced by 5%.

W      Foreign exchange reserves have reached USD 361 billion as on 20th January, 2017.
Ten distinct themes to foster this broad agenda-
W      Farmers : committed to double the income in 5 years
W      Rural Population : providing employment & basic infrastructure
W      Youth : energising them through education, skills and jobs
W      The Poor and the Underprivileged : strengthening the systems of social security, health care and affordable housing
W      Infrastructure: for efficiency, productivity and quality of life
W      Financial Sector : growth & stability by stronger institutions
W      Digital Economy : for speed, accountability and transparency
W      Public Service : effective governance and efficient service delivery through people’s participation
W      Prudent Fiscal Management: to ensure optimal deployment of resources and preserve fiscal stability
W      Tax Administration: honouring the honest

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