Income Tax


Thursday 13 April 2017

Highlights Of Budget 2017

Double-digit inflation has been controlled
Growth in many emerging economies expected to recover in 2017
India is seen as an engine of global growth
  Advantages of GST have been extensively discussed
Demonetisation has potential to generate long-term benefits
Aim to spend more in rural areas, infra, poverty alleviation
Focus areas - farmers, rural employment and infra
Target for agricultural credit set at Rs. 10 lakh crore
Demonetisation impact will not spill into next year
  Aim to bring 1 crore rural households out of poverty
Coverage under crop insurance scheme to be increased to 40%
Dairy processing infra fund to be set up for Rs. 2,000 crore
Last year's MNREGA targets have been achieved
We're committed to double farm income in 5 years' time
Well on our way to achieving 100% rural electrification
Rs. 48,000 cr for MNREGA, highest allocation ever
In education, will undertake reforms in the UGC
100 India international Skill Centres to be established
Propose national testing agency to conduct entrance exams
Affordable Housing to now be given 'infrastructure' status
Target elimination of tuberculosis by 2025
Two new AIIMS to be set up in Jharkhand and Gujarat
Keen to foster environment where labour rights are protected
Women, child welfare allocation upped to Rs. 1,84,362 crore
Allocation for Scheduled Castes raised to Rs. 55,393 crore
Unmanned railway crossings to be eliminated by 2020
Railway lines of 3,500 km to be commissioned in 2017-2018
At least 25 stations to be redeveloped in 2017-18
All railway coaches will have bio-toilets by 2019
All service taxes for bookings via IRCTC to be withdrawn
New Metro Rail policy to be framed
Allocation for highways raised to Rs. 64,000 crore
 Airport Operation Management for tier-II airports via PPP
20,000 MW solar power capacity to be set up
Strategic crude oil reserves to be set up in Odisha,Rajasthan
FIPB to be abolished to ease foreign investment
Rs. 10,000 crore for recapitalisation of banks

1 comment:

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