Union Budget 2017-18: FINANCIAL SECTOR

 Union Budget 2017-18: FINANCIAL SECTOR

1. Foreign Investment Promotion Board to be abolished in 2017-18 and further liberalisation of FDI policy is under consideration

2. A mechanism to streamline institutional arrangements for resolution of disputes in infrastructure related construction contracts, PPP and public utility contracts will be introduced as an amendment to the Arbitration and Conciliation Act 1996.

3. In line with the ‘Indradhanush’ roadmap, ` 10,000 crores for recapitalisation of Banks provided in 2017-18

4. Lending target under Pradhan Mantri Mudra Yojana to be set at ` 2.44 lakh crores. Priority will be given to Dalits, Tribals, Backward Classes and Women.