<h1>2016 Budget Proposes Tax Reforms, Infrastructure Boost, and Increased Social Welfare Funding to Enhance Growth and Stability.</h1> The 2016 budget outlines several fiscal and economic reforms aimed at enhancing growth and stability. Key measures include reducing corporate tax to 29% for small companies, abolishing multiple cesses, and introducing a 10% dividend tax for high earners. The government plans to establish new indirect tax tribunal benches, rationalize tax norms, and implement a new dispute resolution scheme. Infrastructure investments are prioritized, with significant allocations for roads, irrigation, and rural development. The budget also focuses on social welfare, proposing increased funding for healthcare, education, and rural employment, alongside initiatives to boost digital literacy and support for vulnerable groups.