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Union Budget of India

The Budget documents presented to Parliament comprise, besides the Finance Minister's Budget Speech, of the following:

A. Annual Financial Statement (AFS)

B. Demand for Grants (DG)

C. Appropriation Bill

D. Finance Bill

E. Memorandum Explaining the Provisions in the Finance Bill, 2011

F. Macro-economic framework for the relevant financial year

G. Fiscal Policy Strategy Statement for the financial year

H. Medium Term Fiscal Policy Statement

I. Expenditure Budget Volume -1

J. Expenditure Budget Volume -2

K. Receipts Budget

 indian Budget 2016,Union Budget Highlights 2016,2016 Budget India,India Budget 2016,India Union Budget 2016 News,union budget 2016,budget 2016 income tax,tarikh budget 2016,budget 2016 childcare,budget 2016 pension changes,budget 2016 tax cuts,budget 2016 date,budget 2016 pocket guide

Common Man's Budget

• Pvt contributions to NPS may be taxed for past 5 yrs
• Duty relief to keep cooking oil prices stable
• Retirement funds hold hope for investors
• Those earning over Rs 10L can save up to Rs 20k tax

>> More From Common Man's Budget

Street Watch

• 

  Top 4 sectors that stand to gain most from Budget

  Morgan Stanley, for instance, increased its one-year Sensex target by 9% to 28,800 after the Budget was tabled in the Parliament.
• 

  Nifty may touch 8500 by Dec-end; top 5 stocks

  The budget is expected to help promote a new surge in economic growth which will most likely take the economy out of the current sluggishness.
• 

  10 post budget stock picks for medium-long term

  According to analysts, markets are at a beginning of a secular bull-run and any correction should be used as buying opportunity for the long term.
• 

  Budget lays out road map for reforms: Brokers

  The emphasis on fiscal consolidation and manufacturing, the signals on tax administration and the road map for the years ahead have been seen as positive.

>> More From Street Watch

Market Gurus

• 

  India remains one of the best EMs in long term

  After a significant outperformance over the past 8-9 months, Indian equities are at significant premium to Asian and EM peers.
• 

  Budget was slightly underwhelming: Anthony Cragg

  "Going forward, we are going to see lot of foreign direct participation in Indian businesses and that is healthy both for foreign investors and the local economy."
• 

  Budget was a little disappointing: Jim O’Neill

  'In order for India to reach its potential, there needs to be substantial investment in infrastructure and education, among others, Jim O'Neill said.
• 

  'Market expectations from Budget were too high'

  'These include what administrative reforms they will bring in, how they can control inflation, etc. This will be the key.'