Arun Jaitley presents pro-poor budget; focuses on infrastructure & tax reform

Finance Minister Arun Jaitley on Monday presents Budget for FY 2016-17, focusing on rural India, jobs, reforms in tax and infrastructure.

In his speech Jaitley said Indian economy is growing strongly despite the current global economic disorder.

“Global economy is in a serious crisis. Financial markets have been battered but Indian economy has held its ground firmly,” Jaitley said, adding, “IMF has hailed India as a bright spot. Let us look at our achievements compared to the last three years of the last government. We inherited an economy with low growth and high inflation.”

In his pro-poor-pro-farmer budget, the finance minister has announced several new schemes for rural India. He announced nine pillars to ensure economic growth.

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