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UNION BUDGET 2017-18

This thread would be used to discuss Budget 2017-18 exclusively.
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Comments

  • Union Budget 2017: Overview and expectations
    http://www.paisabazaar.com/budget-2017/
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  • Could excise duty be hiked?
    Service tax to be raised to 18%?
    More incentives for digital payments?
    Streamlining of existing tax vehicles ?
    No tax on pension income?



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  • The Budget Session has started guys. Please stay tuned on this thread for real time analysis
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  • looking forward to how they are going to connect the budget with demonetisation
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  • Maximum cash donations for political parties from one source will be Rs. 2000
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  • Coverage of crop insurance by 50%
    Agriculture expenditure targeted at 10 lac crore
    Focus on credit agri disbursements
    Fasal Bima Yojna will be increased from 30 percent to 40 percent this year
    Dedicated micro-irrigation fund to be set up by NABARD with a corpus of 5000 cr
    Total allocation to Infrastructure 396135 crores(Highest Ever)
    Defence Expenditure( Excluding Pension)-274114 cr.
    Fiscal deficit to be pegged at 3.2% of GDP
    Revenue deficit to be pegged at 2.1% of GDP
    Total Budget Expenditure 21,47,000 crore
    100 % Village Electrification by May 31 2018
    48k crore allocation to MNREGA.
    After rebates zero tax liabilty for people upto 4.5 lacs
    8000 crore diary processing fund

    RAILWAYS

    131000 crore for Railways
    Service charge on IRCTC to be done away with
    Railways to implement End to End Transport solutions for Logistics
    A new Metro Rail Policy
    Competitive ticket booking facilty
    Four areas of Priority: Passenger Safety, Capital Works,, cleanliness and financial works.
    1 lakh corpus fund for rail safety
    Awarding 25 stations
    Dedicated Trains for tourism and Piligrimage
    International Assistance
    700 Solar Powered railway stations
    Swachh Railways
    3500 Km new Railway Line
    Bio Toilets
    500 stations to be differently abled friendly'

    Political donations in cash limited to Rs.2000
    Rest by cheque/digital
    Transparent electoral bonds
    Aadhar pay for those who don't have debit and credit cards and those who don't have mobile phones.
    Surplus liquidity in banking due to demonetisation will lower borrowing cost & increase access to credit
    No cash transaction above 3 lacs
    Income tax for salary bracket -250000 and 500000 is 5%
    10% surcharge on persons earning 50L+
    Other categories to get uniform benefit of Rs.12,500 per person
    No scrutiny for the first time taxpayer.
    Head post offices to issue Passports
    Reàl estate, key to jobs, major gainer as long term cap gains cut to 2 years. Builders also get concessions
    Corporate tax rate down to 25% for MSMEs with up to Rs 50 crore turnover; 96% of Indian companies to benefit
    Computer emergency response team to be established

    DETAILED ANALYSIS COMING SOON
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