Finance Minister Arun Jaitley, who is presenting the Union Budget for fiscal 2015-16 in the Lok Sabha, has set the fiscal deficit target for 2015-16 at 3.9 percent.
The highlights of the Union Budget are as following:
Fiscal Deficit targets: FY15-16 3.9 percent, FY16-17 3.5 percent, FY 17-18 3 percent.
A large portion of population is without insurance of any kind, I propose to work towards universal social security system for all.
We will also launch the 'Atal Pension Yojana', which will provide a defined pension.
To encourage participation, Government will contribute 50 per cent of beneficiary premium in its new accounts opened before 31st December 2015.
Government is committed to bring a Universal social security system for all.
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I propose a new scheme of providing physical aids for senior citizens living below poverty line.
Propose the 'Nayi Manzil' Scheme for the youth minorities.
I intend to establish a national investment and infrastructure fund.