Expectations are increasing as the D-Day is fast approaching for the 2017 annual budget. Analysts and people along with all political parties are waiting eagerly to findout what budget 2017 has in store for them as this is the first budget after PM Modi's demonetisation movie.
Finance Minister speaking to scribes revealed the buget secrets.Speculation is increasing that agriculture sector will be given utmost importance. More allocations would be made in agriculture and funds pumped into rural india over the middle class.
Economists predict that agriculture will register over 4 per cent growth rate in 2017-18, as against the average 0.5 per cent in the first two years of the Narendra Modi government.
Finance Minister Arun Jaitley is set to show results banking on last year's Bharat Budget. A source revealed "“Bharat Budget” to show results. “The top consideration within the government is to substantially enhance the existing Rs 9 lakh farm credit by lowering the rate of interest for farmers."
Source continued "The current policy puts farm credit at four per cent. The Centre bears the rest. Jaitley may further lower the rate to about two per cent, which will give maximum relief to debt-ridden farmers,”
Arun Jaitley may be selective with Chief Economic Advisr Arvind Subramanian's Universal basic Income Idea by using the yardstick only for marginal farmers who own less than three acres by giving them `3,000 as dole.
