Download Union Budget 2016 PDF – Union Budget 2016: Highlights – Watch Live Updates

Download Union Budget 2016 PDF – Union Budget 2016: Highlights Theme of the Budget –Overcoming challenges – Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three mainstays of the method i.e. Nav Arjan – New incomes, Nav Manak – New standards, Nav Sanrachna – New Structures.

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Download Union Budget 2016 PDF – Union Budget 2016: Highlights


AreaBudget Allocation


  • Total allocation for agriculture and farmer welfare at Rs 35984 crores
  • 28.5 lakh heactares of land wil be brought under irrigation.
  • 5 lakh acres to be brought under organic farming over a three year period
  • Rs 60,000 crore for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.
  • Dedicated irrigation fund in NABARD of Rs.20.000 cr
  • Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.
Social Sector total Budget Allocation
  • Rs38,500 crore for Mahatma Gandhi MGNREGA for 2016-17
  • Swacch Bharat Abhiyan allocated Rs.9,500 crores.
  • Hub to support SC/ST entrpreneurs
  • Government is launching a new initiative to provide cooking gas to BPL families with state support.
  • LPG connections to be provided under the name of women members of family: Rs 2000 crore allocated for 5 years for BPL families.
  • 2.87 lakh crore grants to gram panchayats and municipalities – a quantum jump of 228%.
  • 300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission
  • 6 crore additional households to be covered under Digital Literacy scheme in next 3 years
  • Four schemes for animal welfare.
Health Sector fund Allocation Budget 2016-2017
  • 2.2 lakh renal patients added every year in India. Basic dialysis equipment gets some relief.
  • A new health protection scheme for health cover upto 1 lakh per family.
  • National Dialysis Service Prog with funds thru PPP mode to provide dialysis at all district hospitals.
  • Senior citizens will get additional healthcare cover of Rs 30,000 under the new scheme
  • PM Jan Aushadhi Yojana to be strengthened, 300 generic drug store to be opened
Education Sector – Union Budget 2016-17
  • 10 public and 10 private educational institutions to be made world-class.
  • Digital repository for all school leaving certificates and diplomas. Rs. 1,000 crore for higher education financing.
  • Rs. 1,700 crore for 1500 multi-skill development centres.
  • Rs. 3000 crore earmarked for nuclear power generation
  • Govt drawing comprehensive plan to be implemented in next 15-20 years for exploiting nuclear energy
  • Govt to provide incentive for deepwater gas exploration
  • Deepwater gas new disc to get calibrated market freedom, pre-determined ceiling price based on landed price of alternate fuels.
  • Rs. 27,000 crore to be spent on roadways
  • 65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day
  • Shops to be given option to remain open all seven days in a week across markets.
  • Rs. 55,000 crore for roads and highways. Total allocation for road construction, including PMGSY, – Rs 97,000 crore
  • India’s highest-ever production of motor vehicles was recorded in 2015
  • Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 crore
  • New greenfield ports to be developed on east and west coasts
  • Revival of underserved airports. Centre to Partner with States to revive small airports for regional connectivity
  • 100 per cent FDI in marketing of food products produced and marketed in India
  • Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset Management
  • Govt will amend Motor Vehicle Act in passenger vehicle segment to allow innovation.
  • MAT will be applicable for startups that qualify for 100 per cent tax exemption
  • Direct tax proposals result in revenue loss of Rs.1060 crore, indirect tax proposals result in gain of Rs.20,670 crore
  • Banks get a big boost: Rs 25,000 crore towards recapitalisation of public sector banks. Jaitley says: Banking Board Bureau will be operationalised, we stand solidly behind public sector banks.
  • Target of disbursement under MUDRA increased to 1,80,000 crore
  • Process of transfer of government stake in IDBI Bank below 50% started
  • General Insurance companies will be listed in the stock exchange
  • Govt to increase ATMs, micro-ATMs in post offices in next three years


Finance minister Arun Jaitley on Monday presented the Union Budget 2016-17 in the Lok Sabha. Here are the highlights of the budget 2016.

Download Union Budget 2016 PDF – Union Budget 2016: Highlights

  1. Amidst global headwinds, the Indian economy has held its own. Indian Economy performing Well If we compare with rest of world Economy Like – USA, China
  2. Inflation has come down even though there was a fall in monsoons . Inflation rate Is Down Now compare to Last Years
  3. Indian Foreign exchange reserves are at highest ever level . India Receiving Highest number of Remittance from other Countries
  4. CPI inflation has declined to 5.4% .
  5. The growth of GDP has accelerated to 7.6% . Which is a Good Sign for Indian Economy Recovery .
  6. Government of india has to prioritize expenditure. Main Focus will be on the rural and social sectors, infrastructure and recapitalization of bank
  7. Recapitalization of banks will be done during next financial year
  8. Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojana
  9. Aim to double the income of farmers in five years. Rs 35,984 crores total allocation for farmers’ welfare
  10. Farm, rural sector, infra, social sector to have more government expenditure
  11. Dedicated irrigation fund worth Rs 20,000 crore to be set up under NABARD
  12. A unified agriculture market e-platform will be dedicated to the nation on the birthday of Dr. BR Ambedkar
  13. 5 lakh acres to be brought under organic farming over three years
  14. Aim to double farmers’ income in 5 years. Rs 35,984 crore allocation for their welfare
  15. 65 eligible habitats to be connected via 2.23 lakh km of road. Current construction pace is 100 km per day
  16. Government is launching a new initiative to provide cooking gas to BPL families with state support
  17. Will enact a law to confer benefits on deserving sections on aadhar platform
  18. Govt to provide incentive for deepwater gas exploration
  19. Work for passage of insolvency and bankruptcy laws, to undertake significant reforms
  20. Allocation of Pradhanmatri Gram Sadak Yojna to be increased to Rs 19,000 crore
  21. Rs 38,500 crores allocated to MNREGA
  22. Rs 5,500 crores allocated to PM Fasal Bima Yojana
  23. 300 rurban clusters to be set up under Shyama Prasad Mukherji Rurban Mission
  24. 100% rural electrification to be achieved by 1st May, 2018
  25. Rs 87,765 crores for rural development as a whole have been allocated in the budget
  26. 6 crore additional households to be covered under digital literacy scheme in next 3 years
  27. Appreciation for 75 lakh middle class and lower middle class for willingly giving up LPG subsidy
  28. New restructured scheme to increase the governance capabilities of PRIs to be launched: Rashtriya Gram Swaraj Abhiyan
  29. Rs 9,000 crores allocated to Swaccha Bharat Abhiyaan
  30. Allocation of Rs 35,984 crore for farm sector
  31. Govt to set apart Rs 412 crore to encourage organic farming
  32. Rs 2.87 lakh crore to be given grant-in-aid for gram panchayats and municipalities; it is quantum jump of 228%
  33. Stand Up India scheme allocated Rs 500 crore for SC, ST and women entrepreneurs
  34. 2 projects under Stand Up India to be promoted per bank branch per category
  35. 62 new Navodaya Vidyalayas will be opened in the next 2 years
  36. National Skill Development Mission has imparted training to 76 lakh youth.
  37. 1,500 multi skill training institutes to be set up
  38. Objective to skill 1 crore youth in the next 3 years under the PM Kaushal Vikas Yojana
  39. Health insurance of upto Rs 1 lakh per family.
  40. 300 generic drug stores to be opened under PM Jan Aushadi Yojana
  41. 85% of stalled road projects back on track
  42. Rs 97,000 crore allocated to road sector including PMGSY
  43. Total outlay for infrastructure Rs 2,21,246 crores in 2016/17
  44. Target of 10,000km of national highway and upgradation of 50,000km of state highways in 2016/17
  45. Rs 1,000 crore for higher education financing
  46. Govt drawing a comprehensive plan to exploit nuclear energy to be implemented in the next 15-20 years
  47. 100% FDI to be allowed through FIPB route in Food Products Produced and Marketed in India
  48. New Financial Data Management Centre to facilitate integrated data analysis
  49. Department of Disinvestment to be renamed as Department of Investment and Public Asset Management
  50. RBI Act to be amended to give statutory backing for monetary policy
  51. Amount sanctioned under PM Mudra Yojana has reached Rs 1 lakh crore to cover 2.5 crore borrowers by Feb, 2016
  52. 25,000 crore for recapitalization of public sector banks
  53. DBT on pilot basis in fertilizers to be introduced in some districts
  54. A bill on targeted delivery of financial services using Aadhaar to be introduced
  55. FDI Policy: Changes proposed in areas – Insurance & Pension, Asset Reconstruction Companies, Stock Exchange
  56. More number of benches of Security Appellate Tribunal to be introduced by amending SEBI Act to reduce pendency
  57.  Fiscal deficit for FY 2016-’17 targeted at 3.5%
  58. Tax proposals to provide relief to small taxpayers through rebates
  59. Ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income to be raised to Rs 5,000 from Rs 2,000
  60. Relief of Rs 3,000 per year to taxpayers with income below Rs 5 lakh per year, 1 crore tax payers to benefit
  61.  Deduction for rent payers raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses
  62. Consolidation roadmap for public sector banks next year
  63. Suitable changes to be made in customs and excise duty rates to improve competitiveness and boost Make in India
  64. Incentives for new manufacturing companies and smaller enterprise companies
  65. Service Tax Exemption for services under the Deen Dayal Gram Jyoti Yojana
  66. HRA deduction up from 24,000 to 60,000 per annum
  67. 100% deduction for profits of undertakings from housing projects in cities during Jun’16 – Mar’19
  68. Krishi Kalyan cess to be imposed on all taxable services for agricultural sector
  69. 15% surcharge on income tax for those with incomes exceeding 1 crore per annum
  70. Clean energy cess increased from RS. 200/ton to 400/ton on coal, lignite and peat
  71. Limited period compliance window for taxpayers to declare undisclosed income. Declarations to have immunity from prosecutions
  72. Govt to introduce bill to amend Companies Act for ease of doing business; to enable registration of companies in a day
  73. Clean Energy Cess to renamed as Clean Environment Cess
  74. Limited tax compliance window: 45% including surcharge and penalties and immunity from prosecution
  75. Levy of heavy penalty for non payment of tax has led to high litigation. Proposal to modify scheme for penalties
  76. To reduce multiplicity of taxes and cascading – 13 taxes with collection less than Rs 50 crore a year abolished
  77. Income tax department will expand e-sahyog to assist small taxpayers
  78.  Govt will pay interest rate of 9% over 6% if delay is more than 90 days
  79.   Net revenue gain of Revenue deficit 19,610 crores due to surplus from indirect taxes