1/12
With big investments in the rural sector and a break for small tax payers, finance minister Arun Jaitley's Budget 2016 on Monday was largely pro-rural and pro-poor in an attempt to counter months of opposition criticism that PM Modi's is a "suit-boot ki sarkar".
In This Pic : Arun Jaitley
Pic Courtesy : PTI
Read More
2/12
Jaitley also said that the fiscal deficit target of 3.9 percent of GDP for the current fiscal will be met. "Prudence lies in adhering to fiscal targets," he said.
In This Pic : Arun Jaitley
Pic Courtesy : PTI
Read More
3/12
Jaitley described his three priorities as: strengthening India's firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and reforms to boost economic opportunity.
In This Pic : Aeun Jaitley
Pic Courtesy : PTI
Read More
4/12
To this end, while the finance minister set aside Rs 25,000 crores for the recapitalization of public sector banks, that number was lower than what the markets expected. "We stand solidly behind these banks," Jaitley said. "Our public sector banks will be strong and well supported."
In This Pic : Arun Jaitley
Pic Courtesy : PTI
Read More
5/12
The news hit banking stocks in trading on the Mumbai stock exchange. The Sensex fell as much as 600 points by the end of the budget speech. The NSE Nifty also sank below the 6,900-mark during the Budget presentation.
In This Pic : Arun Jaitley
Pic Courtesy : PTI
Read More
खबरें एक झलक में :
ऐप पर देखें