Today Finance Minister Arun Jaitley is presenting the Union Budget 2017 in Parliament.
This is first time when today Finance Minister changed a decade-old tradition of presenting Union budget on the last working day of February. PM Modi and FM Arun Jaitley held a cabinet meeting before budget 2017.
Today, on 1st February 2017, Indian Stock markets opened higher. This is FM Arun Jaitley’s fourth budget.
The railway budget has been merged with Union Budget. Meanwhile the oppositions are alleging that the Central government made this change to take advantage of it in the assembly elections 2017 in five states.
Union Budget 2017 Live Updates:
At 11:00 pm, FM started his budget speech. FM Jaitley said that The government is now seen as a trusted custodian of public money, I express gratitude to people for their strong support.
Finance Minister also thanked people for supporting the government. As per Mr. Jaitley, Government’s focus is to energize youth to reap the benefits of growth and employment.
Here are updates from Union Budget 2017- What FM Jaitley Said?
In this fiscal year, advanced economies may increase from 1.6% and emerging economies from 4.1% to 4.5%.
India have witnessed historical reforms in the last one year.
Demonetisation is a bold measure.
FM Arun Jaitley said, I am reminded of what our father of the nation Mahatma Gandhi said ‘a right cause never fails’
We will soon reach at the comfortable level of remonetisation as it has picked up.
With demonetisation, now we will get cleaner and real GDP.
We have moved from discretionary based administration to policy based administration.
As per Finance Minister, he prepared Union Budget 2017 with the vision to spend more on rural areas, infrastructure and poverty alleviation.
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