Budget highlights
* Committed to making taxation rate reasonable, our tax administration more fair and expand the tax base of the country
* Pradhan Mantri Mudra Yojana lending target has been doubled at Rs 2.44 lakh crore for 2017-18
* 3,500 km railway lines to be commissioned in 2017-18 against 2,800 km in 2016-17
* Railways plan size for 2017-18 pegged at Rs. 1,31,000 crore, including Rs 55,000 crore to be provided by the government
* Using space technology in a big way to plan MGNREGA works
* During 2017-18, another 5 lakh ponds to be constructed for drought-proofing
* AadharPay, a merchant version of Aadhaar-enabled payment system to be launched shortly for those without debit cards, mobile phones
* Sanitation coverage in rural areas has gone up to 60 per cent
* Swachh Bharat Mission has made tremendous progress in promoting safe sanitation and ending open defectation
* By 2019 all passenger coaches of railways to be fitted with bio-toilets
* 1 crore houses to be completed by 2019 for houseless and those living in ‘kacha’ houses
* Rs 19,000 crore in 2017-18 for PMGSY; together with contribution from states, Rs 27,000 crore to be spent
* Total allocation for rural, agricultural & allied sectors for 2017-18 is a record Rs 1,87,223 crore, up 24 per cent from last year
* Target for agricultural credit in 2017-18 has been fixed at a record Rs 10 lakh crore
* Coverage of Fasal Bima Yojana to go up from 30 per cent of cropped area, to 40 per cent in 2017-18, 50 per cent in 2018-19
* NABARD to set up dedicated micro-irrigation fund to be set to achieve Per Drop More Crop mission
* Corpus of NABARD’s long-term irrigation fund raised to Rs 40,000 crore
* Mini soil-testing labs in Krishi Vigyan Kendras to ensure 100 per cent coverage
* Highest ever allocation to MGNREGA at Rs 48,000 crore
*Merger of Railway Budget with Budget 2017 a historic step
* Transform, Energize and Clean India – #TECIndia – our agenda for the next year
* Advancement of budget will enable all ministries, departments to operationalize all schemes right from beginning of next fiscal
* Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real
* Effects of demonetisation not expected to spill over to next year
* Firmly believe that GST, Demonetisation, built on JAM, will have an epoch-making impact on the lives of our people
* Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real
* Recalls #MahatmaGandhi’s words: A right cause never fails
* 3 challenges in current global scenario:Monetary stance of US FED Reserve, Commodity prices specially crude oil & retreat from globalisation
* We have moved from a discretionary administration to a policy-based administration
* Expectations included burning issues like inflation and price rise, issue of corruption & crony capitalism
* Our government was elected amidst huge expectations of people, the underlying theme of expectations being good governance
* Hope to resolve all issues regarding GST via consultations
* We are moving from informal to formal economy & the Government is now seen as a trusted custodian of public money
