Union Budget 2016-17: Jaitley lays down his nine commandments

  • HT Correspondent, New Delhi
  • Updated: Feb 29, 2016 14:21 IST
New Delhi, India - Feb. 29, 2016: Union Finance Minister Arun Jaitley leaving from finance ministry to present the General Budget at Parliament House, in New Delhi on Monday, February 29, 2016. (Photo by Arvind Yadav/Hindustan Times)

Finance minister Arun Jaitley on Monday rolled out a nine-pronged approach including fiscal discipline and tax reforms to keep the Indian economy afloat besides delivering the benefits of welfare schemes to the people.

Presenting the Union budget for 2016-17, Jaitley said the government’s thrust on these sectors will help the government achieve its fiscal targets.

Read: Will Jaitley’s budget take a toll on expenses of the common man

The nine sectors identified by Jaitley also include agriculture and farmers’ welfare, rural employment and creation of infrastructure, health care and health services, education skills and knowledge society, infrastructure development, finance sector reforms and governance and ease of doing business.

He said the “transformative agenda” of the budget will help the economy withstand the uncertainty in the global economy.

Read: Jaitley’s tough task: Budget should please both farmers and investors

The “Indian growth is extraordinary high” as the government managed to convert “difficulties and challenges into opportunity,” Jaitley said.

“Amidst global headwinds, the Indian economy has held its own,” Jaitley said.

Read: From presentation in Parliament to voting: HT explains Budget process

For our full coverage of the 2016-17 Union Budget, click here.

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