Highlights of the Union Budget for 2017-18 (Apr-Mar), presented
by Finance Minister Arun Jaitley in the Lok Sabha today:
* NDA government elected amidst huge expectations from public
* Present this Budget amidst global uncertainty
* Our govt was elected amidst great expectations
* Mission to bring transformative shift in governance
* Underlying theme of our govt was good governance
* Moved to a system, policy-based administration
* Govt has replaced sluggish growth with high growth
* To take many more steps to ensure growth reaches all
* Massive war against black money has been launched
* Focus on energising youth to provide them with jobs
* Govt moved from blanket entitlement to targeted delivery
* Will ensure fruits of growth reach the vulnerable
* Have moved to policy-based administration
* India stands out as a bright spot in global econ scene
* India's macro-economic stability foundation of our success
* India FX reserves comfortable cover for 12 mos of imports
* Govt has pursued path of fiscal consolidation steadily
* FDI 1.45 trln rupees in Apr-Sep
* Signs of retreat from globalisation on rising protectionism
* To have fisc consolidation without compromising on expenses
* FX reserves to cover 12 months of imports
* Economy has weathered external shocks
* India seen as engine of global growth
* India considerably improved policies, econ profile
* India 6th largest mfg country, up from 9th
* GST, demonetisation two "tectonic" changes for economy
* Witnessed historic econ reforms in last one year
* Commodity prices uncertainty a risk for emerging econ fisc
* Increased capacity of banks to lend at cheaper rates
* At an important point in our growth, development path
* At an important point on our path to growth, development
* Pickup in econ premised on policy, econ reforms
* FY18 Budget approach has been to spend more on rural areas
* Focus on maintaining best standards of fiscal prudence
* Surplus liquidity in banking system to boost credit access
* Merger of rail, general Budget a historic step
INFLATION
* Expect CPI inflation to remain in RBI's mandated 2-6% range
* See CPI stay in RBI's range of 2-6%
* Inflation controlled, high growth replaced sluggish growth
DEMONETISATION
* Demonetisation a bold and decisive measure
* Demonetisation a bold, decisive measure
* Demonetisation seeks to create a new normal
* Demonetisation aims for bigger, cleaner, more real GDP
* Note ban aims to transfer resource from tax evaders to govt
* Econ activity slowdown post demonetisation to be transient
* Tax evasion created an unacceptable parallel economy
* Demonetisation will up GDP growth, tax revenues
* Demonetisation will lead to greater digitisation of economy
* Pace of remonetisation has picked up
* Demonetisation, GST to have epoch-making impact on Indians
* Effects of demonetisation won't spill over to next year
* Remonetisation to soon reach comfortable level
* Banks' surplus liquidity post note ban to lower borrow cost
* Surplus liquidity in banks to boost credit growth
EXTERNAL FACTORS
* US Fed stance on rate hike may lead to capital outflows
* US Fed policies are a challenge
* Protectionism may hit export from emerging mkts like India
* Fed's monetary policy stance may cause lower capital inflow
More
by Finance Minister Arun Jaitley in the Lok Sabha today:
* NDA government elected amidst huge expectations from public
* Present this Budget amidst global uncertainty
* Our govt was elected amidst great expectations
* Mission to bring transformative shift in governance
* Underlying theme of our govt was good governance
* Moved to a system, policy-based administration
* Govt has replaced sluggish growth with high growth
* To take many more steps to ensure growth reaches all
* Massive war against black money has been launched
* Focus on energising youth to provide them with jobs
* Govt moved from blanket entitlement to targeted delivery
* Will ensure fruits of growth reach the vulnerable
* Have moved to policy-based administration
* India stands out as a bright spot in global econ scene
* India's macro-economic stability foundation of our success
* India FX reserves comfortable cover for 12 mos of imports
* Govt has pursued path of fiscal consolidation steadily
* FDI 1.45 trln rupees in Apr-Sep
* Signs of retreat from globalisation on rising protectionism
* To have fisc consolidation without compromising on expenses
* FX reserves to cover 12 months of imports
* Economy has weathered external shocks
* India seen as engine of global growth
* India considerably improved policies, econ profile
* India 6th largest mfg country, up from 9th
* GST, demonetisation two "tectonic" changes for economy
* Witnessed historic econ reforms in last one year
* Commodity prices uncertainty a risk for emerging econ fisc
* Increased capacity of banks to lend at cheaper rates
* At an important point in our growth, development path
* At an important point on our path to growth, development
* Pickup in econ premised on policy, econ reforms
* FY18 Budget approach has been to spend more on rural areas
* Focus on maintaining best standards of fiscal prudence
* Surplus liquidity in banking system to boost credit access
* Merger of rail, general Budget a historic step
INFLATION
* Expect CPI inflation to remain in RBI's mandated 2-6% range
* See CPI stay in RBI's range of 2-6%
* Inflation controlled, high growth replaced sluggish growth
DEMONETISATION
* Demonetisation a bold and decisive measure
* Demonetisation a bold, decisive measure
* Demonetisation seeks to create a new normal
* Demonetisation aims for bigger, cleaner, more real GDP
* Note ban aims to transfer resource from tax evaders to govt
* Econ activity slowdown post demonetisation to be transient
* Tax evasion created an unacceptable parallel economy
* Demonetisation will up GDP growth, tax revenues
* Demonetisation will lead to greater digitisation of economy
* Pace of remonetisation has picked up
* Demonetisation, GST to have epoch-making impact on Indians
* Effects of demonetisation won't spill over to next year
* Remonetisation to soon reach comfortable level
* Banks' surplus liquidity post note ban to lower borrow cost
* Surplus liquidity in banks to boost credit growth
EXTERNAL FACTORS
* US Fed stance on rate hike may lead to capital outflows
* US Fed policies are a challenge
* Protectionism may hit export from emerging mkts like India
* Fed's monetary policy stance may cause lower capital inflow
More
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