Highlights of Union Budget-I

Finance Minister, Arun Jaitley arrives at Parliament House to present the General Budget 2017-18.
Finance Minister Arun Jaitley arrives at Parliament House to present the General Budget 2017-18.

New Delhi: Finance Minister Arun Jaitley is presenting the Union Budget for financial year 2017-18.

Highlights of the Union Budget are as follows:

  • We have moved from a discretionary administration to a policy-based administration.
  • The focus will be on energizing our youth, to reap benefits of growth and employment.
  • India is seen as engine of global growth, have witnessed historic reform in last one year.
  • Inflation which was in double digits has been controlled.
  • Growth has been restored and measures taken against black money
  • Emerging market economies face three challenges: Fed rate hike, uncertainty of oil price, protectionism.
  • International Monetary Fund estimates that the world GDP will grow by 3.1% in 2016 and 3.4% in 2017.
  • Government has ensured fiscal consolidation without cutting back on public investments.
  • Demonetisation of high denomination notes was a bold and decisive measure.
  • India has emerged as 6th largest manufacturing country in world, up from 9th. We are seen as growth engine of world.

ANI