1. Union Budget 2017: FM Arun Jaitley highlights 3 reforms in presentation

Union Budget 2017: FM Arun Jaitley highlights 3 reforms in presentation

Union Budget 2017: According to Finance Minister Arun Jaitley, this year's Budget introduces 3 major reforms that are aimed at betterment of the Indian economy.

By: | New Delhi | Updated: February 1, 2017 12:03 PM
The government has its task cut out. In the upcoming Union Budget 2016-17, while on one hand Finance Minister Arun Jaitley would try to spur the economy with measures to increase spending and investments, on the other hand, he would have to walk a tightrope on letting the country’s public finance slip out of its control with a rising fiscal deficit. (PTI) He highlighted the advancement of Union Budget 2017 to February 1, merger of Railway Budget with the main Budget and doing away with plan and non-plan expenditure. (PTI)

Union Budget 2017: According to Finance Minister Arun Jaitley, this year’s Budget introduces 3 major reforms that are aimed at betterment of the Indian economy. He highlighted the advancement of Union Budget 2017 to February 1, merger of Railway Budget with the main Budget and doing away with plan and non-plan expenditure. “We have advanced the Budget to February 1, this will mean that the Budget will pass as a single appropriation for 2017-2018. This will mean that the various government departments can operationalise the new schemes right from the commencement of the financial year. The merger of the Railway Budget with the Union Budget is a historic step because we have discontinued with the colonial practise. We have now facilitated multi-nodal transport policy,” he said. The government will continue process of economic reforms for the benefit of poor, FM Jaitley said.

Read Also: Union Budget 2017 Live Updates:

(Source: DD/Twitter) (Source: DD/Twitter)

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Finance Minister Arun Jaitley also said the focus of his Budget for 2017-18 will be on 10 important sectors, including farmers, infrastructure, digital economy and tax administration to transform, energise and clean India. The other areas of focus include rural India, the youth, poor and under-privileged, the financial sector, public service and prudent fiscal management.

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“My approach in preparing the budget is to spend more on rural areas, infrastructure and poverty alleviation with fiscal prudence,” FM Jaitley said.

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