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Finance Minister Arun Jaitley has said efforts will have to be made to sustain growth and that the Union Budget 2016 is tilted strongly in that direction. The budget has been described as one that favours agriculture and farmers in particular and this has provided a booster shot to all the entities active in the sector. Here we take a look at top Arun Jaitley quotes about the Budget: (Image Source: Reuters)
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1. Far as the government's reform agenda is concerned, a series of measures have been enacted which should increase the supply potential of the economy. We want to create wealth and spread that wealth across the economy specially to the farmers, vulnerable and the disadvantaged groups…enhanced social sector spending aimed at promoting equitable growth and increasing demand for better services from the government has raised the need for the new and improved accountability paradigm. It is therefore imperative to strengthen the expenditure management, strategies and further improve on the quality of expenditure for achieving higher social outcomes: Arun Jaitley (Image Source: Express Photo)
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2. The country's macro economics factors are stable and the government is committed to fiscal consolidation as well as low inflation. Against this background, India stands out as a haven of stability and opportunity," Jaitley said at the Civil Accounts Day 2016 here: Arun Jaitley (Image Source: Reuters)
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EPF tax rollback: Congress staged protests in many places seeking immediate reversal of the Centre's proposal to tax 60 per cent of Employees' Provident Fund (EPF) at the time of withdrawal and warned of escalating pressure if the demand was not met. "The move to tax EPF will be a terrible blow to six crore employees covered under the EPF Act… The BJP-led central government is playing with their future. The proposal must be rolled back immediately," Delhi Congress chief Ajay Maken said at the protest at Jantar Mantar. (Reuters photo)
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4. The task is now to sustain them in the more difficult environment. This will require sound economic management. Fiscal policy will continue to be vital in the uncertain global environment while sustaining growth: Arun Jaitley (Image Source: Reuters)
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5. The prevailing economic scenario across the world is challenging to say the least. This year's Budget was proposed and presented at a time of unusual volatility in the international economic environment, markets are fearful, the global recovery may be faltering: Arun Jaitley (Image Source: Reuters)
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