Budget 2016: Editors First Take on Arun Jaitley’s Announcements

Union Finance Minister Arun Jaitley is presenting his third budget, and his big ticket reforms so far have been focussed primarily on the rural and farm sectors, providing relief for farmers under distress. The finance minister said implementing the 7th Pay commission recommendations as well as the OROP will be a considerable burden on the treasury. He also announced moves to improve infrastructure across segment, including reviving under-utilised airports. Meanwhile, the markets have not really reacted well to the Budget and the BSE was down over 100 points around noon.

Union Finance Minister Arun Jaitley is presenting his third budget, and his big ticket reforms so far have been focussed primarily on the rural and farm sectors, providing relief for farmers under distress. The finance minister said implementing the 7th Pay commission recommendations as well as the OROP will be a considerable burden on the treasury. He also announced moves to improve infrastructure across segment, including reviving under-utilised airports. Meanwhile, the markets have not really reacted well to the Budget and the BSE was down over 100 points around noon.