Indian Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost his ruling party in coming state elections.

Jaitley reiterated a forecast that India would grow by 7.6 percent in the fiscal year that is drawing to a close. He said the government wanted to spread the benefits of growth more widely among India's 1.3 billion people, but that he would stick to the government's existing fiscal deficit target for the coming year.

Source: b'Source: Reuters'

Here are the highlights of Jaitley's budget for the fiscal year that begins on April 1:

Fiscal Deficit

Rural Economy

Policy Reforms

Banking Reforms






Market reaction

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