Budget 2015: Propose universal social security; Rs 2 lakh accident insurance, says FM Jaitley

NEW DELHI: Announcing his government's intention to come up with universal social security, Finance Minister Arun Jaitley in his Budget speech said. "Under the Pradhan Mantri Surakhsha Beema Yojana, there will be an accident insurance of Rs 2 lakh."

Stating that Budget 2015 comes in the backdrop of a better growth environment than in the past, Jaitley on Saturday said, "World predicting that it is India's chance to fly."

"India is going to take off on a faster growth trajectory." "While global growth forecasts have come down, India's forecasts have either been maintained or scaled up," Jaitley said in his Budget speech.

Stating that the NDA government has embraced states as equal partners of growth, Jaitley in his budget speech said, "Every rupee of public expenditure, whether by centre or states will contribute to betterment of people's lives."

Calling Goods and Services Tax (GST) and Direct Benefit Transfer (DBT) as a major achievement of the government, Jaitley in his budget speech said, " GST and DBT will help achieve our aim of higher growth.

The JAM trinity - Jan Dhan Yojana, Aadhar and Mobile, as advocated by the Economic Survey will help better the lives of poor, Jaitley said.

My government's objective is to improve quality of life and to pass benefits to common man, said Arun Jaitley in his Budget 2015 speech. "We are round the clock, round the year government," said Jaitley.