[General Awareness/Interviews/NICL/NABARD] - Budget 2015 Part-1

"कुछ तो फ़ूल खिलाए हमने,  और कुछ फूल खिलाने हैं ,मुश्किल यह है बाग में अब भी ,काटें कई पुराने हैं "

These were the starting lines with which Finance Minister, Mr.Arun Jaitely commenced his Budget speech.

Flanked by a tight fiscal situation and given the compulsions of balancing the often discordant demands of investors,stock markets and the common man on the one hand and the need for fiscal consolidation,high GDP and providing the boost for growth, on the other ! It is against this backdrop that the budget must be viewed.

Let us have a look at major highlights of the Budget 2015-16.

Disclaimer: I won't mention each and every point of Budget, I am here only explaining the important parts and there implications.

JAM will provide boost to finance sector and banking and potentially extend the reach of e-commerce to rural masses.

Most of the points above are self-explanatory except GST and its importance