Finance Minister Arun Jaitley tables Economic Survey 2015-16 report. Fiscal Deficit India must meet its medium-term fiscal deficit target of 3 percent of GDP Government will adhere to fiscal deficit target of 4.1 percent of GDP in 2014/15 Govt should ensure expenditure control to reduce fiscal deficit Expenditure control and expenditure switching to investment key
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Union Railway Minister Suresh Prabhu on 25 February 2016 presented the Railway Budget 2016-17 in the Parliament. Theme of the Budget Overcoming challenges : Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three pillars of the strategy i.e. Nav Arjan – New revenues, Nav Manak – New norms, Nav Sanrachna – New Structures.