Union Budget 2017
See Also : Budget Expectations | Download Budget Speech
  • FM: Budget speech ends at 12:58 PM
  • FM: Not proposing many changes to indirect taxes given GST roll-out plan
  • FM: CBEC will continue to strive to implement GST
  • FM: GST council has finalised recommendations on all issues based on consensus
  • FM: Substantial progress in ushering in GST regime
  • FM: To exempt some FPIs from indirect transfer provisions
  • Infra gets Rs 3.96 lakh cr; increase of 79% from FY17 estimate
  • Government will allocate Rs10,000 crore for Bharat Net project
  • Government cuts basic customs duty on LNG to 2.5% from 5%
  • FM: To cut presumptive turnover threshold for companies w/turnover up to Rs 2 cr to 6%
  • FM: Exempt CVD, SAD on miniature POS & m-POS machines
  • Propose to reduce tax for small companies with turnover of less than Rs 50 cr to 25%
  • Government proposes carry-forward of MAT to 15 years from 10 years
  • FM: No transaction over Rs 3 lakh will be permitted in cash
  • FM: Holding period for land & building will be reduced to 2 yrs from 3 years
  • FM: Sets aside Rs 10,000 crore to recapitalise banks
  • Budget 2017: Railways gets Rs 1.3 lakh cr outlay; IRCTC service charge waived
  • FM: Instead of build-up area, carpet area will be counted for affordable housing
  • Government proposes to make changes in capital gains tax for housing
  • Net tax revenue growth at 17% for last 2 years
  • FM: Post demonetisation deposits above Rs 80 lakh in Rs 1.48 lakh accounts
  • FM: New Metro Rail Policy to be announced; will open up new job possibilities
  • FM: Rs 91,000 crore for roads and highways in Budget 2017
  • Fiscal deficit is pegged at 3% for FY19
  • Government doubles lending target of banks to Rs 2.44 lakh crore
  • FM: Government allocated Rs 3.96 lakh cr for infrastructure, announces a new trade infrastructure export scheme
  • FM: Government raises allocation for MNREGA from Rs 38500 cr in FY17 to Rs 48000 cr in FY18
  • FM: Net borrowing limited to Rs 3.48 lk crore
  • FRBM Review Committee recommends debt to GDP ratio of 60% by 2023
  • Defence expenditure excluding pension at Rs 2.74 lakh crore
  • FM: Propose to create an integrated oil major
  • Propose to create a payment regulatory board at RBI
  • Union Budget 2017-18: J Kumar Infra up 5% on 25 stations redevelopment plan
  • FM: To take steps to promote digital payments at petrol pumps & hospitals
  • FM: Amend Negotiable Instruments Act to protect payees of dishonoured cheques
  • FM: Propose aim of Rs 2.44 lakh crore under Mudra scheme
  • FM: Panel on digital payment recommended reform in digital pay systems
  • FM: Targeting 2,500 crore digital transactions across platforms like UPI
  • 500 stations to get lifts, escalators
  • Dedicated tourism trains Modernisation of raiways corridors
  • New Metro railway policy to be announced
  • 22% increase in rail budget
  • FM: Will continue use of ETFs for divestment
  • Foreign Investment Promotion Board will be abolished
  • Airports authority act to be amended to allow land monetisation. Funds to be used for airport upgradation
  • Government plans to create integrated PSU oil major
  • Rs 10,000 cr allocated for recapitalisation of PSU banks
  • Re financing of housing loans to give impetus to real estate sectors
  • FM: Atleast 25 stations re-development contracts will be awarded in 2017-18
  • FM: Expert panel to help integrate spot & derivative commodity market
  • FM: Announce a new trade infrastructure export scheme
  • FM: Allocated Rs 3.96 lakh crore For infrastructure
  • FM: New FDI policy under consideration
  • FM: Government hiked allocation for women skill development to Rs 1.84 lakh cr in FY18
  • Government to take up second phase of solar power development for additional 20,000 MW
  • Service charges on e-tickets booked via IRCTC to be withdrawn
  • Railways to implement end-to-end solutions for some commodities.
  • 2000 km of coastal roads have been identified for development
  • Propose to feed 7000 solar railway station in medium term
  • FM: Transport sector allocated Rs 2.41 lakh crore
  • FM: Set-up new crude oil reserves
  • FM: Bharat Net allocation at Rs 10,000 crore
  • Propose to feed 7000 solar railway station in medium term
  • FM: Cash less reservation have improved to 68% from 58%
  • FM: National highway allocation at Rs 64,000 crore
  • Government proposes to finish 1 crore houses by 2019 for those living in kachcha houses
  • FM: MNREGA allocation increased from Rs 38500 cr in FY17 to Rs 48000 cr in FY18
  • Centre to fund Rs 55000 crore out of Rs 1.31 lakh crore railway infra budget
  • FM: Railways to implement end-to-end solutions for some commodities
  • FM: Unmanned level crossing in railways will be eliminated by 2020
  • FM: Government committed to double farmer income in five years
  • FM: Government to undertake reforms in UGC to improve higher educations
  • FM: New rules regarding medical devices will be formulated; will attract investment in sector, will reduce cost of the devices
  • FM: Outcome-based monetary measures to SC, ST by NITI Aayog, says FM
  • FM: Allocation to scheduled castes upped to Rs 52,393 crore
  • Allocation for rural and agricultural sector will be Rs 1,87,223 crore in 2017-18
  • FM: Bank lending rates for housing loans coming down in wake of demonetisation
  • Affordable housing to be given infrastructure status
  • Mahila Shakti Kendra will be set up at village level with budget allocation Rs 500 crore
  • Rs 19000 cr allotted for PM Rural road plan in FY18
  • 100 India-international skill centres will be set up Five special tourism zones will be set up Innovation fund for secondary education created by Government
  • Dairy Processing Infra Fund with a corpus of Rs 8,000 Cr will be created
  • By May 1, 2018, Govt to achieve 100% rural electrification
  • Rs 4,800 crore allocated under Deen Dayal Upadhyaya Gram Jyoti Yojana
  • Pace of construction of roads has increased to Rs 133 km/day in 2017.
  • MNREGA target at Rs 48000 cr in FY18
  • Farmer income will be doubled in 5 years, boost social security and housing security for the poor.
  • NABARD to set up Rs 5000 crore worth dedicated micro irrigation fund.
  • Propose to present Budget under 10 district themes.
  • FM: Agriculture expected to grow at 4.1% in the current year
  • Demonetisation aims to eliminate corruption.
  • Demonetisation helps transfer resources from the tax evaders to the government. These will be used for development purpose.
  • GST Bill will spur economic growth.
  • FM: The overall Budget approach is to spend more in rural areas and poverty alleviation.
  • FM: Demonetisation will lead to higher tax revenue.
  • IMF pegs India growth at 7.2% in 2017 and 7.7% in 2018.
  • FM: Surplus liquidity in the banking system will aid in lower cost of lending & credit growth
  • Demonetisation, GST and Jan Dhan-Aadhaar-Mobile will be epoch-making events in India's economic history
  • The impact of demonetisation is not expected to spill over to the next year.
  • FM: Inflation has been controlled. We have launched massive war on black money
  • FM: Mission to bring transformatory shift in governance during last 2.5 years
  • FM: Spring is a season of optimism
  • Focus will be on energising youth & create jobs
  • FM: World economy faces a lot of uncertainty
  • FM: IMF estimates world GDP will grow by 3.4% in 2017
  • 11:09 am: FM Arun Jaitley begins his Union Budget's 2017 speech

© 2017 ASAPP Info Global Services Pvt Ltd, All rights reserved.