Against the backdrop of demonetisation intended to eliminate black money and introduce clean transactions, the Budget barred any transaction in cash above Rs 3 lakh. As a measure of transparency in political funding, he lowered to one-tenth the donation that political parties can accept in cash to Rs 2000 per donor.
Rs. 500 crore allocated for Mahila Shakthi Kendras. Under a nationwide scheme for pregnant women, Rs. 6000 will be transferred to each person. Elimination of tuberculosis by 2025 targeted.
Calling digital transformation a crucial pillar of efforts to Transform, Energise and Clean (TEC) India, Finance Minister Arun Jaitley listed ‘Digital’ as one of the 10 key themes in the Union Budget 2017.
The government announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops for developers sitting on completed unsold inventories. The National Housing Bank will refinance individual housing loans of about Rs 20,000 crore in 2017-18.
Legislative reforms to simplify existing labour laws - wages, industrial relations, social security, safety.
Rate of growth in advance tax in personal income tax in last 3 quarters of this financial year is as high as 34.8%
This year marks special importance as this is the first time in history when the Railways budget has been presented along with the general budget.
This infographic shows the various channels through which Rupee comes in to the economy. It may vary from customs, Income tax to service and other tax.
This shows how the Rupee that comes in goes for expenditure through various channels
Allocation for rural, agricultural sector is Rs 1,87,223 crore, 24% higher than last year. Proposal to launch skill knowledge awareness at Rs 4000 crore to provide market training to youth.