Finance Minister Arun Jaitley in Parliament.
Finance Minister Arun Jaitley is replied to Budget debate in the Parliament. Here are the highlights of his speech.
- Economy now occupies centre-stage.
- Good time to take India to new level.
- Most investors optimistic on India.
- Budget presents roadmap for growth.
- States get 62% of the total taxes collected by both Centre and state.
- Centre currently supports 23% of schemes fully.
- Allocation to states will be Rs 1.35 lakh crore more than last year
- Can't keep distrusting states.
- Rise in rural wages is a little slow.
- The effort is to turn a pension-less society into a pensioned society.
- This year I hope we will grow by 7.4 per cent, next year it would be 8 per cent plus.
- We need investment in the country, domestic as well international.
- We need to increase manufacturing.
- Infrastructure has to improve.
- Investment will be the beginning of any economic activity.
- We must ease the process of doing business.
- Obstructionism from certain parties prevents jobs, growth.
- The country's interest rate has to moderate, otherwise economy will suffer.
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