Finance Minister Arun Jaitley has presented the the historic Union Budget for 2017-18. Historic, not only because it was presented on 1 February instead of the traditional end-of-February ritual, but, this will also be the first time that the Railway Budget was not presented separately but was a part of the Union budget presented by Arun Jaitley.
ALSO READ: Behind scenes of the Union Budget
Here are the Key Takeaways:
12:48
Propose to limit cash donation for charities to Rs 2,000:FM Jaitley
12:45
Basic Customs Duty on LNG reduced to 2.5% from 5%: FM Jaitley
12:42
No cash transactions above Rs 3 lakh: FM Jaitley
12:40
Trade Infrastructure Export Scheme to be launched in ’17-18; total allocation for infra at record Rs 3.96 lakh cr: FM Jaitley
12:36
Crude oil strategic reserves to be set up in Odisha and Rajasthan apart from 3 already constructed
12:34
Tax for small companies having a turnover of less than ₹50 crore reduced to 20%: FM Jaitley
12:31
New metro rail policy to be unveiled
12:30
Demonetization led to 34.8% increase in personal income tax declarations: FM Jaitley
12:26
Defence expenditure excluding pension at Rs 2.74 lakh crore: FM Jaitley
12:21
Govt considering introduction of new law to confiscate assets of offenders who escape the country
12:20
Rail safety fund with a corpus of Rs 100,000 crore to be created over a period of 5 years:
12:18
125 lakh people have adopted BHIM app so far: FM Jaitley
12:17
Model Shops and Establishment Bill to open up additional opportunities for employment of women
12:13
1.5 lakh health sub centres to be converted to Health Wellness Centres: FM Jaitley
12:04
Government increases allocation and incentives to mobile handset manufacturers in 2017-18 in Budget.
12:02
Budget allocation for Railways at ₹55,000 crore for FY 2018.
Govt to commission 3,500km of railway lines in FY 2018.
Service charges on e-tickets booked from IRCTC website will be withdrawn: Arun Jaitley
12:00
We are taking forward our solar power projects for 20,000MW: FM Jaitley
11:58
Total rail capital expenditure for fiscal year 2018 pegged at 1.31 trillion rupees: FM
7,000 cr on to be spend on PMGSY; 1 crore houses to be completed by 2017-18 for houseless
11:57
PM Housing Plan allocation raised to ₹23,000 crore in Financial Year 2018
11:57
Rs 500 cr allocated to set up Mahila Shakti Kendras; Allocation raised from Rs 1.56 lk cr to Rs 1.84 lk cr for women & child welfare
11:55
35% increase in funds allocated for development for people belonging to SC: FM Jaitley
11:53
We propose to provide safe drinking water to 28,000 arsenic and fluoride affected habitations: FM
11:52
11:51
National Testing agency to conduct all examinations in higher education, freeing CBSE and other agencies: FM
11:49
Total allocation for Rural, Agricultural & Allied sectors for 2017-18 is a record 1,87,223 crore up 24% from last year: FM
11:34
Dedicated micro-irrigation fund will be set up by NABARD to achieve goal of ‘Per Drop More Crop’.Initial corpus will be Rs 5000 crore
11:33
Cabinet extends tenure of loans under Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana from 15 to 20year
11:27
We have committed to double the income of farmers in next 5 years, says Finance Minister
11:26
Uncertainty around commodity prices, esp. around crude oil, second major challenge: FM
Our agenda for the next year is TEC India: Transform, Energize and Clean India
Demonetisation seeks to create a new normal wherein the GDP would be bigger, cleaner and real
11:24
Demonetisation was a bold & decisive strike in a series of measures to arrive at a new normal of bigger, cleaner & real GDP: FM Arun Jaitley
11:21
World bank has projected growth of 7.0 and 7.2% in 2017-18 respectively: FM Jaitley
11:20
There are positive signs, that point to a positive outlook for the next year: FM
11:19
We are moving from informal to formal economy & the Government is now seen as a trusted custodian of public money
FDI rise to Rs 1,45,00 crore in first half of 2016-17
11:17
MF estimates world GDP to grow at 3.1% in 2016 and 3.4% in 2017: FM
11:15
The focus will be on energizing our youth, to reap benefits of growth and employment: FM Arun Jaitley
We have launched a massive war against black Money
11:12
The govt is now seen as a trusted custodian of public money, I express gratitude to people for their strong support: Jaitley
11:09
Finance Minister Arun Jaitley begins his Budget speech.
Our Govt. was elected amidst huge expectations of people, the underlying theme of expectations being good governance
11:00
Sumitra Mahajan begins her address in Lok Sabha
10:47
Saddened by E Ahamed ji’s demise but budget will be presented: Sumitra Mahajan.
We have to keep in mind that budget is a constitutional obligation, will have to be presented
10:36
Budget will be presented today, will formally announce shortly: Lok Sabha Speaker Sumitra Mahajan
10:23
Prime Minister Narendra Modi reaches Parliament.
10:21
Finance Minister Arun Jaitley and officials of the Finance Ministry during their customary visit to Rashtrapati Bhavan.
09:15
Budget 2017 copies reaches Parliament
Finance Minister Arun Jaitley and ministry officials leave for Rashtrapati Bhavan
