A new Metro Rail Act will be enacted by rationalising the existing laws.

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Accordingly, the Fiscal Deficit target of 3.5% in 2016-2017 has been achieved without reduction in expenditure at the RE stage. Deposits of more than 80 lakh were made in 1.48 lakh accounts with average deposit size of ` 3.31 crores.

FDI grew 36% in H1 2016-17 over H1 2015-16, despite 5% reduction in global FDI inflows. Propose to create an integrated public sector ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies, A new ETF with diversified CPSE stocks and other Government holdings will be launched in 2017-18, In line with the ‘Indradhanush’ roadmap, ` 10,000 crores for recapitalisation of Banks provided in 2017-18.

Inflation brought under control. Budget at a Glance shows Budget Estimates in broad aggregates to facilitate easy understanding.

This will facilitate greater private participation and investment in construction and operation. Railway lines of 3,500 kms will be commissioned in 2017-18. Fiscal Deficit is the difference between the Revenue Receipts plus Non-debt Capital Receipts (NDCR) and the total expenditure. Tabled in the House of Commons by the Honourable William Francis Morneau, P.C., M.P.

This will contribute to stability and resilience of our financial system. Minister of Finance March 22, 2017 They will be encouraged to introduce 20 lakh Aadhar based POS by September 2017, Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems, The Government e-market place which is now functional for procurement of goods and services, To utilise the Head Post Offices as front offices for rendering passport services, A CentralisedDefence Travel System has been developed through which travel tickets can be booked online by our soldiers and officers, Web based interactive Pension Disbursement System for Defence Pensioners will be established, To rationalise the number of tribunals and merge tribunals wherever appropriate, Commemorate both Champaran and Khordha revolts appropriately, Stepped up allocation for Capital expenditure by 25.4% over the previous year, Total resources being transferred to the States and the Union Territories with Legislatures is ` 4.11 lakh crores, against ` 3.60 lakh crores in BE 2016-17, For the first time, a consolidated Outcome Budget, covering all Ministries and Departments, is being laid along with the other Budget documents, FRBM Committee has recommended 3% fiscal deficit for the next threeyears, keeping in mind the sustainable debt target and need for publicinvestment, fiscal deficit for 2017-18 is targeted at 3.2% of GDP andGovernment remains committed to achieve 3% in the following year, Net market borrowing of Government restricted to ` 3.48 lakh crores afterbuyback in 2017-18, much lower than ` 4.25 lakh crores of the previousyear, Revenue Deficit of 2.3% in BE 2016-17 stands reduced to 2.1% in theRevised Estimates. For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022, A programme of “human resource reforms for results” will be launched during 2017-18 for human resources development in Panchayati Raj Institutions, Total allocation for Rural, Agriculture and Allied sectors is ` 187223 crores, To introduce a system of measuring annual learning outcomes in our schools.

The shares of Railway PSEs like IRCTC, IRFC and IRCON will be listed in stock exchanges. The Indian economy has been robust to mild shocks and IMF forecasts, India to be one of the fastest growing major economies in 2017, World economy faces considerable uncertainty, in the aftermath of major economic and political developments during the last year, The US Federal Reserve’s , intention to increase policy rates in 2017, may lead to lower capital inflows and higher outflows from the emerging economies, Uncertainty around commodity prices, especially that of crude oil, has implications for the fiscal situation of emerging economies, Signs of retreat from globalisation of goods, services and people, as pressures for protectionism are building up, Passage of the Constitution Amendment Bill for GST and the progress for its introduction, Demonetisation of high denomination bank notes, Enactment of the Insolvency and Bankruptcy Code; amendment to the RBI Act for inflation targeting; enactment of the Aadhar bill for disbursement of financial subsidies and benefits, Budget 2017-18 contains 3 major reforms.

Foreign exchange reserves have reached 361 billion US Dollars as on 20th January, 2017. A bill relating to resolution of financial firms will be introduced in the current Budget Session of Parliament.

In addition, the document contains the resource transfer to States and allocations on major programmes and schemes.

Tariffs of Railways would be fixed, taking into consideration costs, quality of service and competition from other forms of transport, A new Metro Rail Policy will be announced with focus on innovative models of implementation and financing, as well as standardisation and indigenisation of hardware and software.

limit will apply only in case of municipal limits of 4 metropolitan cities while for the rest of the country including in the peripheral areas of metros, limit of 60 Sq.mtr. The 30 Sq.mtr. 500 stations will be made differently abled friendly by providing lifts and escalators. The Union Budget of India also referred to as the Annual financial statement in the Article 112 of the Constitution of India, is the annual budget of the Republic of India.

Pace of construction of PMGSY roads accelerated to 133 km roads per day in 2016-17, against an avg.

Dedicated Micro Irrigation Fund in NABARD to achieve ‘per drop more crop’ with an initial corpus of ` 5,000 crores Coverage of National Agricultural Market (e-NAM) to be expanded from250 markets to 585 APMCs. Good quality higher education institutions to have greater administrative and academic autonomy.

Preparation of IT system for GST is also on schedule. Indirect transfer provision shall not apply in case of redemption of shares or interests outside India as a result of or arising out of redemption or sale of investment in India which is chargeable to tax in India, Commission payable to individual insurance agents exempt from the requirement of TDS subject to their filing a self-declaration that their income is below taxable limit, Under scheme for presumptive taxation for professionals with receipt upto ` 50 lakhs p.a. PROMOTING AFFORDABLE HOUSING AND REAL ESTATE SECTOR, RAPID (Revenue, Accountability, Probity, Information and Digitisation), Day Today GK – We Give Wings To Your Dreams, Copyright © 2020. In the road sector, Budget allocation for highways increased from ` 57,976 crores in BE 2016-17 to ` 64,900 crores in 2017-18, 2,000 kms of coastal connectivity roads have been identified for construction and development, Total length of roads, including those under PMGSY, built from 2014-15 till the current year is about 1,40,000 kms which is significantly higher than previous three years, Select airports in Tier 2 cities will be taken up for operation and maintenance in the PPP mode, By the end of 2017-18, high speed broadband connectivity on optical fibre will be available in more than 1,50,000 gram panchayats, under BharatNet. will be counted. All such habitations are expected to be covered by 2019 and the allocation for PMGSY, including the State’s Share is ` 27,000 crores in 2017-18.

For 2017-18, the total capital and development expenditure of Railways has been pegged at ` 1,31,000crores.

To foster a conducive labour environment, legislative reforms will beundertaken to simplify, rationalise and amalgamate the existing labourlaws into 4 Codes on (i) wages; (ii) industrial relations; (iii) social securityand welfare; and (iv) safety and working conditions. In the next 3 years, the throughput is proposed to be enhanced by 10%. of 73 km during 2011-2014, Government has taken up the task of connecting habitations with more than 100 persons in left wing extremism affected Blocks under PMGSY. Between 8th November and 30th December 2016, deposits between 2 lakh Rupees and 80 lakh Rupees were made in about 1.09 crore accounts with an average deposit size of ` 5.03 lakh. Bill relating to curtail the menace of illicit deposit schemes will be introduced. The 2017 United States federal budget is the United States federal budget for fiscal year 2017, which lasted from October 1, 2016 to September 30, 2017. Priority will be given to Dalits, Tribals, Backward Classes and Women.

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Political parties will be entitled to receive donations by cheque or digital mode from their donors. This includes ` 55,000 crores provided by the Government, For passenger safety, a Rashtriya Rail SanrakshaKosh will be created with a corpus of ` 1 lakh crores over a period of 5 years, Unmanned level crossings on Broad Gauge lines will be eliminated by 2020. Similarly, the threshold for maintenance of books for individuals and HUF increased from turnover of 10 lakhs to 25 lakhs or income from 1.2 lakhs to 2.5 lakhs, Foreign Portfolio Investor (FPI) Category I & II exempted from indirect transfer provision. Also, the base year for indexation is proposed to be shifted from 1.4.1981 to 1.4.2001 for all classes of assets including immovable property, For Joint Development Agreement signed for development of property, the liability to pay capital gain tax will arise in the year the project is completed, Exemption from capital gain tax for persons holding land on 2.6.2014, the date on which the State of Andhra Pradesh was reorganised, and whose land is being pooled for creation of capital city of Andhra Pradesh under the Government scheme, Concessional withholding rate of 5% charged on interest earned by foreign entities in external commercial borrowings or in bonds and Government securities is extended to 30.6.2020.

The extensive reach-out efforts to trade and industry for GST will start from 1st April, 2017 to make them aware of the new taxation system. Appeal to all citizens of India to contribute to Nation Building by making a small payment of 5% tax if their income is falling in the lowest slab of 2.5 lakhs to 5 lakhs. Assistance up to ` 75 lakhs will be provided to every, A model law on contract farming to be prepared and circulated among the States for adoption, Dairy Processing and Infrastructure Development Fund to be set up in NABARD with a corpus of ` 2000 crores and will be increased to ` 8000 crores over 3 years, Over ` 3 lakh crores spent in rural areas every year, for rural poor from Central Budget, State Budgets, Bank linkage for self-help groups, etc, Aim to bring one crore households out of poverty and to make 50,000 Gram Panchayats poverty free by 2019, the 150th birth anniversary of Gandhiji, Against target of 5 lakh farm ponds under MGNREGA, 10 lakh farm ponds would be completed by March 2017.



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