Union Budget live: Jaitley focuses on rural India, infrastructure & tax reforms
Union Budget live: Jaitley focuses on rural India, infrastructure & tax reforms
Rising rural distress because of back-to-back droughts have put considerable pressure on the Finance Minister to spend more on social schemes.

New Delhi: Finance Minister Arun Jaitley on Monday listed ‘nine pillars’ including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India. Unveiling the Budget 2016-17, he said the pillars also include emphasis on governance reforms.

Jaitley also proposed listing of four wholly-owned PSU general insurance companies. “…(proposed to) undertake important banking sector reform and public listing of public sector general insurance and undertaking significant changes in FDI policy,” he said while unveiling Budget 2016-17 in Lok Sabha.

Government plans to launch a mission to provide digital literacy to around six crore additional rural households. The government has already approved two schemes to promote digital literacy — national digital literacy mission and digital saksharta abhiyan.

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