Social: For senior citizens belonging to this category, an additional top-up package upto 30,000 rupees will be provided. The government proposes to start a 'National Dialysis Services Programme' under the National Health Mission to provide dialysis services in all district hospitals. To reduce cost, it is proposed to exempt certain parts of dialysis equipment from basic customs duty, excise etc. Mr. Jaitley said that a new initiative is being taken to ensure that the BPL families are provided with the Cooking Gas connection supported by a government subsidy. Setting aside, 2,000 crore rupees in this year's budget, he said, it will benefit about one crore fifty lakh BPL households in 2016-17. Highlighting the proposals for education, skill development and job creation, the Finance Minister said that next big step after universalisation of primary education would be the focus on the quality of education. He said that 62 new Navodaya Vidyalayas will be opened in the remaining uncovered districts over the next two years. An enabling regulatory architecture will be provided to ten public and ten private higher educational institutions to emerge as world class teaching and research institutions. An initial capital of one thousand crore rupees would be allocated to set up a Higher Education Financing Agency. He also said that 17 thousand crore has been set aside for setting up of 1,500 Multi Skill Training Institutes in the country. The government also proposes to further scale up Pradhan Mantri Kaushal Vikas Yojna to impart skills to one crore youth over the next three years. To incentivize creation of new jobs in the formal sector, the Central Government will pay Employees Pension Contribution of 8.33 percent for all new employees enrolling in EPFO for the first three years of their employment. The scheme will be applicable to those with salary upto 15,000 rupees per month.<br/><br/>Infrastructure: Describing infrastructure and investment as an important pillar of the budget theme 'Transform India', the Finance Minister said that the total outlay for infrastructure during 2016-17 would be 2 lakh 21 thousand to 2 hundred 46 crore. 55 thousand crore allocation is proposed for roads and highways. It will be topped up by additional 15,000 crore to be raised by NHAI through bonds. With the capital expenditure of the railways, the total outlay on roads and railways will be Rupees two lakh 18 thousand crore in 2016-17. Making passenger traffic on roads more efficient, the abolition of permit raj will be the government's medium term goal. Referring to development of major ports, the Finance Minister said that it is proposed to develop new Greenfield ports both in the eastern and western coasts. He said that 800 crore rupees has been provided to expedite the work on these initiatives including the national waterways.<br/><br/>Power : In the power sector, Government is drawing up a comprehensive plan to augment the investment in nuclear power generation spanning over next 15 to 20 years. The Finance Minister said that the budgetary allocation of 3,000 crore rupees per annum together with public sector investments will be leveraged for this purpose. He said that to augment infrastructure spending further the government will permit raising of additional finances through bonds to the extent of 31 thousand 300 crore by NHAI, PFC, REC, IREDA, NABARD and Inland Water Authority. He announced new initiatives to reinvigorate the Public Private Partnership in the development of infrastructure. These include introducing a Public Utility (Resolution of Disputes) Bill during the next financial year, guidelines for renegotiation of PPP Concession Agreements and a new credit rating system for infrastructure projects.<br/>Financial and Banking : Describing a vibrant financial sector of critical importance to the growth of economy, the Finance Minister announced a number of initiatives in this regard. He said that a comprehensive Code on Resolution of Financial Firms will be introduced as a Bill in Parliament during 2016-17. He said, the Code will provide a specialized resolution mechanism to deal with bankruptcy situations in banks, insurance companies and financial sector entities. He also proposed necessary amendments in the SARFAESI Act 2002 to tackle problem of stressed assets in the banking sector through Asset Reconstruction Companies. He said that a Financial Data Management Centre under the aegis of Financial Stability Development Council will be set up to facilitate integrated data aggregation and analysis in the financial sector. The Finance Minister also proposed to amend the SEBI Act 1992 in the coming year to provide for more members and benches of the Securities Appellate Tribunal. The Finance Minister proposed an allocation of 25 thousand crore rupees in the budget for recapitalization of public sector banks. He said that the bank board bureau will be operational during the coming year and the roadmap for consolidation of public sector banks will be spelt out. He said that the debt recovery will be strengthened with focus on improving the existing infrastructure and speedy disposal of cases. To provide better access to financial services, especially rural areas, the Finance Minister said that massive nationwide rollout of ATMs and Micro ATMs in post Offices would be undertaken in the next three years. Later, the Finance Minister also laid the Finance Bill for 2016-17.<br/><br/>Defence: The budget proposes one crore 62 thousand and 759 crore rupees for defence services on account of revenue expenditure and 86 thousand 340 crores for capital expenditure for 2016-17. This works out 10 percent of the budget. All cars SUVs to cost more by one to four percent.<br/><br/>Finance Minister Arun Jaitley also presented the copy of the budget in Rajya Sabha. He also laid Macro-economic Framework Statement and Medium-Term Fiscal Policy Strategy Statement. Later the House was adjourned for the day.