Union Budget 2016 Highlights and Takeaways from FM Arun Jaitley's Speech

KEY HIGHLIGHTS
-- GDP growth at 7.6% despite slowdown in global economy from 3.4% to 3.1%. CPI inflation down to 5.4%
-- CAD from $18.4 billion in first half of last year to $14.4 billion this year
-- To double income of farmers by 2022, sets aside Rs 35,984 crore for the purpose; to bring 28.5 lakh hectare under irrigation at a cost of Rs 17,000 crore
-- Only 46% of 141 hectares of net cultivable area is irrigated, target to bring 28.5 lakh ha under irrgation, at Rs 17,000 cr next year
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