Thursday, 2 February 2017

Budget 2017 on demonetisation

Following are the highlights of Union Finance Minister Arun Jaitley's 2017 Budget
speech.
The Union Budget 2017 was broadly focused on 10 broad themes — farmers, rural
population, youth, poor and health care for the underprivileged; infrastructure; financial
sector for stronger institutions; speedy accountability; public services; prudent fiscal
management; tax administration for the honest.

On demonetisation
1. Demonetisation is expected to have a transient impact on economy.
2. We will have a great impact on the economy and lives of our people . The effects
of Dem. are not expected to spill over next year.
3. Demonetisation a bold and decisive measure and will lead to higher GDP growth.
4. The effects of demonetisation will not spillover to the next fiscal.

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