Budget 2016 – Highlights-4

A comprehensive code for insolvency and bankruptcy issues

SEBI Act to be amended

  • RBI Act to be amended to give statutory basis for monetary policy framework
  • Department of Disinvestment to be renamed Department of Investment and Public Asset Management
  •  100 per cent FDI through FIPB route to be allowed in food products produced and processed in India
  • FDI policy to be changed in insurance, pension, asset reconstruction companies and stock exchanges
  • Rs. 1000 cr set aside for higher education financing
  • 3000 crore rupees earmarked for nuclear power generation
  • Abolition of Permit Raj to be medium-term goal
  • Total outlay for infrastructure of 2016-17 stands at Rs 2,21,246 cr
  • Small and medium shops should be given a choice to open on all 7 days.
  • A model shop and establishment bill to be circulated which is to be adopted on a voluntary basis

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