<h1>Government Targets 3.5% Fiscal Deficit for FY 2017; Boosts Spending on Agriculture, Infrastructure, Health, and Education Initiatives.</h1> The government aims for fiscal consolidation with a 3.5% fiscal deficit target for FY 2017 while enhancing development initiatives. Key allocations include Rs. 47,912 crore for agriculture and irrigation, and a 22.5% increase in infrastructure spending to Rs. 2.21 lakh crore. A new health scheme offers Rs. 1 lakh coverage per family, with additional benefits for seniors. LPG connections will be provided to BPL households, and higher education will be bolstered by a new financing authority. Tax reforms include a new dispute resolution scheme, increased rebates for middle-class taxpayers, and measures to reduce black money. Employment and entrepreneurship are encouraged through various incentives.