Highlights of Union Budget 2016

12:10 To do away with plan & non-plan classification from FY18: FM
12:10 2.5% revenue deficit target for FY16: FM
12:09 Committee To Review FRBM: FM
12:08 Non-plan classification from FY18: FM

12:06 Non-plan expenditure at ‘14.28 lk cr: FM
12:05 15.3% increase in plan expenditure to to Rs 5.5 lk crore: FM
12:04 FY17 fiscal deficit target at 3.5%: FM
12:04 To adhere to fiscal deficit target: FM 
12:01 Aadhaar bill to be introduced in current session of parliament: FM

12:00 Govt has option to reduce stake in IDBI below 50%: FM
11:59 Amend SEBI act to increase benches in SAT: FM
11:59 25,000 cr for bank recap: FM 
11:58 Comprehensive framework to deal with CIS schemes: FM
11:58 100% FDI through FIPB route in marketing of food products marketing will be allowed: FM
11:58 To announce 3 initiatives in reinvigorate pvt sector: FM
11:58 SEBI to bring new derivative pdts for commodity markets: FM
11:57 Govt to open up the road transport sector in the passenger segment: FM
11:56 Abolition of permit raj to be our medium term goal: FM
11:56 Approve 10K Km of National Highways in FY17: FM
11:55 RBI act to be amended to provide framework for monetary policy code: FM
11:55 Bankruptcy code to be introduced in parliament in FY17: FM

11:54 Total investment in road sector at 97000 cr in FY17: FM
11:53 Encourage CPSEs to divest non-core assets like land etc: FM
11:53 Propose further FDI reforms for stock exchanges, ins, pension: FM 
11:52 Duty drawback schemes to be widened: FM
11:52 Propose 31,300 cr of infra bonds to be issued by various agencies: FM
11:52 To issue guidelines for renegotiation of PPP contracts: FM