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Citing that the government is committed to affluence of accomplishing business in India, Finance Minister Arun Jaitley presented the Union Budget 2016-17 in the Parliament on Monday. Here is a attending at how altered sectors accept benefited from the Budget.



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Agriculture and rural sector

– Allocation for agronomics is Rs. 35, 984 crore.

– Allocation beneath Pradhan Mantri Gram Sadak Yojana added to Rs. 19,000 crore.



– Allocation for rural area is Rs. 87,765 crore.

– A sum of Rs. 38,500 crore allocated for MGNREGS.

– 100 per cent apple electrification by May 1, 2018.

– Agricultural acclaim ambition of Rs. 9 lakh crore. Govt to admeasure Rs 5,500 crore for crop allowance scheme.

– Paramparagat Krishi Vikas Yojana to accompany 5 lakh acreage beneath amoebic farming.

Social sector

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– Allocation for amusing area including apprenticeship and bloom affliction is Rs. 1,51,581 crore.

– A new bloom aegis arrangement for bloom awning upto Rs. 1 lakh per family. Senior citizens will get added healthcare awning of Rs. 30,000.

– 3,000 food to be set up for all-encompassing drugs.

– Rs. 9,000 crore for Swachch Bharat Abhiyan.

– Civic dialysis account programme beneath PPP model. LPG affiliation for women associates of rural homes.

Education and jobs

– 62 new Navodaya Vidyalayas will be opened

– Higher Apprenticeship Financing Agency to be accoutrement with antecedent basic abject of Rs. 1000 crore.

– 10 accessible and 10 clandestine educational institutions to be fabricated world-class. Digital athenaeum for all academy abrogation certificates and diplomas.

– Allocation for accomplishment development is Rs. 1804 crore.

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– Govt. will pay EPF addition of 8.33 per cent for all new advisers for aboriginal three years.

Infrastructure

– Total advance in the alley sector, including PMGSY allocation, would be Rs. 97,000 crore.

– Total outlay for basement in Budget 2016 now stands at Rs. 2,21,246 crore.

– Allocation of Rs. 55,000 crore in the Budget for Roads. Added Rs. 15,000 crore to be aloft by NHAI through bonds.

– 10,000 km of civic highways in 2016-17 and 50,000 km accompaniment highways to be adapted to NH roads.

– New greenfield ports to be developed on east and west coasts. Revival of underserved airports. Centre to Partner with States to animate baby airports for bounded connectivity

– Plan to augment nuclear ability in the abutting 15-20 years.

– Reforms in FDI action in the areas of Allowance and Pension, Asset Reconstruction Companies, Banal Exchanges.

Financial sector

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– Statutory base for a Monetary Action framework and a Monetary Action Committee through the Finance Bill 2016.

– Allocation of Rs. 25,000 crore appear recapitalisation of Accessible Area Banks.

– General Allowance Companies endemic by the Government to be listed in the banal exchanges.

Personal finance

– People with assets beneath than Rs. 5 lakh to get answer of Rs 5,000 beneath area 87A, up from Rs 2,000 aftermost year. HRA answer up from Rs. 24,000 to Rs. 60,000 p.a.

– 40% of abandonment at the time of retirement beneath Civic Pension Arrangement to be tax exempt.

– Added absolution of Rs. 50,000 for apartment loans up to Rs. 35 lakh, provided amount of abode is not aloft Rs. 50 lakh.

– No changes accept been fabricated to absolute assets tax slabs.

Source: indiabudget.nic.in

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