Page 19 - MASTER IN BUDGET
P. 19
# A Financial DataManagement Centre to be set up.
# RBI to facilitate retail participation in Government securities.
# New derivative products will be developed by SEBI in the Commodity Derivatives
market.
# Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold
up to 100% stake in the ARC and permit non institutional investors to invest in
Securitization Receipts.
# Comprehensive Central Legislation to be bought to deal with the menace oillicit
deposit taking schemes.
# Increasingmembers and benches of the Securities Appellate Tribunal.
# Allocation of `25,000 crore towards recapitalisation of Public Sector Banks.
# Target of amount sanctioned under Pradhan Mantri Mudra Yojana increased to
`1,80,000 crore.
# General Insurance Companies owned by the Government to be listed in the stock
exchanges.
GOVERNANCE AND EASE OF DOING BUSINESS
# A Task Force has been constituted for rationalisation of human resources in various
Ministries.
# Comprehensive review and rationalisation of Autonomous Bodies.
# Bill for Targeted Delivery of Financial and Other Subsidies, Beneits and Services
by using the Aadhar framework to be introduced.
# Introduce DBT on pilot basis for fertilizer.
# Automation facilities will be provided in 3 lakh fair price shops by March 2017.
# Amendments in Companies Act to improve enabling environment for start-ups.
# Price Stabilisation Fund with a corpus of `900 crore to help maintain stable prices of Pulses.
# “Ek Bharat Shreshtha Bharat” programme will be launched to link States and
Districts in an annual programme that connects people through exchanges in areas
of language, trade, culture, travel and tourism.
FISCAL DISCIPLINE
# Fiscal deicit in RE 2015-16 and BE 2016-17 retained at 3.9% and 3.5%.
# Revenue Deicit target from 2.8% to 2.5% in RE 2015-16
# Total expenditure projected at `19.78 lakh crore
# Plan expenditure pegged at `5.50 lakh crore under Plan, increase of 15.3%
# Non-Plan expenditure kept at `14.28 lakh crores
# Special emphasis to sectors such as agriculture, irrigation, social sector including
health, women and child development, welfare of Scheduled Castes and Scheduled
Tribes, minorities, infrastructure.
# Mobilisation of additional inances to the extent of `31,300 crore by NHAI, PFC,
REC, IREDA, NABARD and Inland Water Authority by raising Bonds.
@Mahendra’s 19 MASTER IN BUDGET 2016-17
# RBI to facilitate retail participation in Government securities.
# New derivative products will be developed by SEBI in the Commodity Derivatives
market.
# Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold
up to 100% stake in the ARC and permit non institutional investors to invest in
Securitization Receipts.
# Comprehensive Central Legislation to be bought to deal with the menace oillicit
deposit taking schemes.
# Increasingmembers and benches of the Securities Appellate Tribunal.
# Allocation of `25,000 crore towards recapitalisation of Public Sector Banks.
# Target of amount sanctioned under Pradhan Mantri Mudra Yojana increased to
`1,80,000 crore.
# General Insurance Companies owned by the Government to be listed in the stock
exchanges.
GOVERNANCE AND EASE OF DOING BUSINESS
# A Task Force has been constituted for rationalisation of human resources in various
Ministries.
# Comprehensive review and rationalisation of Autonomous Bodies.
# Bill for Targeted Delivery of Financial and Other Subsidies, Beneits and Services
by using the Aadhar framework to be introduced.
# Introduce DBT on pilot basis for fertilizer.
# Automation facilities will be provided in 3 lakh fair price shops by March 2017.
# Amendments in Companies Act to improve enabling environment for start-ups.
# Price Stabilisation Fund with a corpus of `900 crore to help maintain stable prices of Pulses.
# “Ek Bharat Shreshtha Bharat” programme will be launched to link States and
Districts in an annual programme that connects people through exchanges in areas
of language, trade, culture, travel and tourism.
FISCAL DISCIPLINE
# Fiscal deicit in RE 2015-16 and BE 2016-17 retained at 3.9% and 3.5%.
# Revenue Deicit target from 2.8% to 2.5% in RE 2015-16
# Total expenditure projected at `19.78 lakh crore
# Plan expenditure pegged at `5.50 lakh crore under Plan, increase of 15.3%
# Non-Plan expenditure kept at `14.28 lakh crores
# Special emphasis to sectors such as agriculture, irrigation, social sector including
health, women and child development, welfare of Scheduled Castes and Scheduled
Tribes, minorities, infrastructure.
# Mobilisation of additional inances to the extent of `31,300 crore by NHAI, PFC,
REC, IREDA, NABARD and Inland Water Authority by raising Bonds.
@Mahendra’s 19 MASTER IN BUDGET 2016-17
