1. Budget 2016 to focus on farmers, jobs, poverty eradication: Jayant Sinha

Budget 2016 to focus on farmers, jobs, poverty eradication: Jayant Sinha

The upcoming Budget will be citizen-centric with a focus on farm sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today.

By: | New Delhi | Published: February 20, 2016 4:33 PM
Jayant Sinha, budget 2016, budget 2015

The upcoming Budget will be citizen-centric with a focus on farm sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today. (PTI)

The upcoming Budget will be citizen-centric with a focus on farm sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today.

This will be the second full-fledged Budget of the ruling NDA government, and will be unveiled in Parliament on February 29.

“We are working very hard in the Finance Ministry to be able to prepare a Budget that will truly eradicate poverty, provide prosperity for our farmers, help in massive job creation for young people and provide a better quality of life for all Indian citizens,” Sinha said.

In his pre-Budget message on Finance Ministry’s YouTube channel, the minister said the Budget will be forward-looking “that will ensure that India continues to be a haven of stability and growth in a very turbulent global environment”.

Finance Minister Arun Jaitley’s core Budget team includes Sinha, Finance Secretary Ratan Watal, Economic Affairs Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia, Disinvestment Secretary Neeraj Gupta and Financial Services Secretary Anjuly Chib Duggal.

The upcoming budget will be third by Jaitley, including the interim Budget of July 2014.

The International Monetary Fund (IMF) has kept India’s growth projection unchanged at 7.3 per cent in the current fiscal and 7.5 per cent in the next. As for the world growth, IMF forecast is 3.4 per cent for 2016 and 3.6 per cent for 2017.

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  1. P
    pkpk
    Feb 20, 2016 at 3:09 pm
    By distributing money to GARIB, the poverty will not be removed. It requires rapid industrialization in semi urban and rural areas, for which cheap capital, labor and land is required. Can govt do labor reforms that any worker can be hired and fired freely any day? Can govt make capital cheap not subsidized by govt but actual interest rates should be low and that is possible if govt control distribution of money freely to anybody including poor. Land can be cheap if govt does not meddle in these issues, let market decide.
    Reply
    1. P
      pkpk
      Feb 20, 2016 at 3:01 pm
      Indira hi's Garibi Hatao by Modi?
      Reply
      1. P
        pkpk
        Feb 20, 2016 at 3:03 pm
        Paise bantne se garibi nahi hatti? Industrialization se garibi hategi. Uske lia jamin, punji aur workers chahia. Punji sasti ho. Workers ko hire and fire free ho. Jamin sasti ho. Tabhi garibi hat sakti hai.
        Reply
        1. P
          pkpk
          Feb 20, 2016 at 3:00 pm
          Vir Sanghviji, why should there be any subsidy in higher education? It happens nowhere in the world. Subsidy is only for schools but once any student aspires to go for higher education, either he or she should work part time or earn scholarship or take out educational loan because once he or she completes higher education, the student earns in a big way, in some cases in crores annually. This is happening because these folks have almost free education, free residence and free food living in the heart of the city (Delhi or Mumbai or Calcutta or Bangalore)? So when you living freely off the tax payer money for years and years, first for degree, masters degree and then research and post research; you have time to organize rallies for Afzal Guru? Azadi of Kashmir? Lifting of AFSA-Practically a slogan against our own army? What do you want Vir Sanghviji? Forget about RSS, ABVP and any organization, does it make sense to any segment of Indian society?
          Reply
          1. P
            pkpk
            Feb 20, 2016 at 3:00 pm
            Vote Budget
            Reply
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