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The Union Budget 2016 announced today is well thought of in terms of focusing back to few key areas, I Particularly liked Rs. 2.87 cr to village panchayats & increased allocation for PMGSY, MNREGA, rural electrification etc will transform rural India. Budget focusses on agriculture and farmers. Farmer income to be doubled by 2022 & largest ever agri credit of Rs.9 lakh crores proposed.
This budget also focus on Road connectivities and uplifting of Infrastructures with Rs.97,000 Crore boost ,there is also something for the common Man with HRA Tax relief being increased now. However, We could have done more for healthcare with Medical exception to be increded to atleast INR 50,000 to be realistic in today’s time.
Dividend Tax has been reduced and Women Entrepreneurship special in tribal areas gets boost ,Overall a sombre and positive looking budget looking at current global cues.