FM Arun Jaitley’s Budget 2016: Top 5 key takeaways

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Budget 2016: FM Arun Jaitley will present the upcoming Union Budget on 29th February and with the country all agog about its contents, Minister of State for Finance Jayant Sinha stepped in to clear the air a little – the document itself remains a secret till presentation day. Here are the top 5 key takeaways about the Union Budget 2016-17:

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1. Budget 2016: In his pre-Budget message on Finance Ministry's YouTube channel, Jayant Sinha 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". (Reuters)

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Minister of State for Finance Jayant Sinha, the latest to react on the issue, reiterated PM Narendra Modi’s view that a decision on extending the tenure of RBI Governor Raghuram Rajan would be taken at an appropriate time and that the NDA government was committed to the independence of the central bank. “We have a very mature relationship with the RBI. It is an institutional relationship. We believe in strengthening and protecting institutions and ensuring their independence,” said Sinha. (PTI)<br><a href="https://twitter.com/FinancialXpress&quot; target="_blank">For more business news and analyses, follow us @FinancialXpress </a><br>

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3. Budget 2016: Jayant Sinha said the focus will especially be on the farm sector, job creation and eradication of poverty.

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4. Budget 2016: "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," Jayant Sinha said.

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5. Budget 2016: The officials who will be thrashing out the modalities of the budget, Finance Minister Arun Jaitley's core Budget team , includes Jayant 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. (PTI)