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Live updates and discussion budget 16

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Allocate 55000 crore for roads and highways construction :FM
🇮🇳Union Budget💰 2016: Live Updates 🇮🇳2.87 lakh cr stationed as grants to gram panchayats for development of rural economy 🇮🇳Deendayal Antyoday Mission for drought affected blocks. 🇮🇳₹38500 crore for MNREGA in 2016-17, highest ever in a year. 🇮🇳5542 villages have been electrified already & Govt targets 100% Rural electrification by 1st May 2018. ₹8500 Cr allotted. 🇮🇳₹9000 crore allocated for Swachh Bharat Abhiyaan

A higher education Financing Agency to be set up, with a fund of Rs 1000 crore# budget 2016

Govt. will pay EPF contribution of 8.33% for all new employees for 1st three years# budget 2016

100% FDI in marketing of food produced in India: FM
A code to deal with bankruptcy situation in Financial Institutions and Banks will be introduced in 2016-17 :FM
Amendments in SARFAESI Act:FM
Amendments in SEBI Act 1992 under Security Appellate Tribunal (SAT):FM

A vibrant financial sector is critical to the growth of the Indian economy#union budget 2016

General Insurance Companies owned by Government will be listed on stock exchange:FM

Rs 25,000 crore for recapitalization of public sector banks: #FM

Rs 3000 crore for nuclear power generation, shouldn't they invest more in clean energy?

Comprehensive Code to be introduced to provide a specialised resolution mechanism for bankruptcy of banks/insurance companies: FM

In order to promote Startup India,amendments will be made in Companies Act,2013 which will help companies get registered within a day: FM

RBI Act to be amended to give statutory backing for monetary policy # budget 2016


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