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Monday, 29 February 2016

Budget 2016: Will review medium term fiscal framework, says govt

Budget 2016: FM maintains status quo on FY17 bk recapitalisation at Rs 25k crThe FM hands over the mic to each of his ministry's top officials. Finance Secretary Ratan Watal talks tough, says the government will review the medium-term fiscal framework and adds that it will also take steps to ensure subsidy leakages are contained. The Finance Minister, along with the battery of officials from the Ministry, is addressing a press conference. The Sensex has closed 150 points lower, fair compared to the intra-day move. The total intra-day move was 849 points. Bank Nifty outperforms, closes up 1 percent. The Budget has laid down the highest ever allocation to the PM Gram Sadak Yojana, says Prime Minister Narendra Modi. "It will help in linking all villages with roads by 2019."


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