Highlights of Union Budget-I

| Updated: Feb 01, 2017 16:56 IST

New Delhi [India], Feb 1 (ANI): 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)
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