Union Budget 2016-17, Finance Minister Arun Jaitley, India, Arun Jaitley budget speech, Corporate India
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Corporate Reactions

The creation of a dedicated Long Term Irrigation Fund in NABARD with an initial corpus of about Rs 20,000 crore is a major step.

Overall, the Union Budget 2016 proved to be quite conservative, as the government tried to resolve basic priorities rather than introducing something disruptive.
On the BFSI front, FDI through automatic route in the insurance sector is a welcome move as it will attract foreign investments in this capital intensive industry.