Everything you need to know: Budget 2017

Budget 2017:

Surcharge of 10% for annual income Rs 50 lakh to Rs 1 crore

Tax Payer within income range of Rs. 2.5 Lakh- Rs. 5 Lakh reduced to 5% from 10%

High Speed OFC to reach 1,50,000 Villages  in 2017.

Amend Negotiable Instruments Act to ensure holders of 10,000 cr allotted for Bharat Net.

All government receipts beyond a certain threshold through e-modes.

Merchant version of Aadhar enabled payment system for those without Debit cards and mobiles.

Out of  76 Lakh individuals who reported income of over Rs. 5 Lakh , 56 Lakh are salaried.

Tax for small companies having a turnover of less then Rs. 50 cr reduced to 20%

Parties can get donation via cheque or digitally.

Maximum cash donation for parties is 2000  rupee per source

No cash transactions above 3 Lakh will be allowed.

Custom duty on LNG reduced by 2.5%.

34.8% increase in personal income tax declaration.

20 Lacs Aadhar based Pos by September 2017.

Aadhar Pay-an app for merchants to be launched

Government capital expenditure growth set at 25.4%.

Holding period for capital gains tax reduced to 2 years.

More financial instruments to invest capital gains

From 3.5 cr individuals who filed returns, only 24 Lacs show income above Rs 10 Lacs

High speed broadband connectivity on optic fibers to be available in 150,000 gram panchayats.

Central travel system to be set up for defense Personnel.

Allocations to electronics manufacturers schemes like MSIPS increased to all time high off Rs. 745 cr with 250 Proposals received.

Lower Government could lower security yields.

New laws to confiscate the assets of Loan Defaulters.

Fiscal Deficit Pegged at 3.2%

The foreign Investment Promotion board has been abolished.

Service Charge to be eliminated from e-rail tickets

Banks to introduce 20 Lacs Aadhar based  Pos

3.5 crore youth to be train under Sankalp Program

Aadhar Pay to be launched.

Head Post Office to be used for Passport Services.

Strategic Crude Oil Reserves to be set up in Odisha & Rajasthan

For PM Mudra Yojna, double the lending target to 2.44 Lacs cr.

At least 25 stations expected to be awarded during 2017-18

National Housing Bank to re-finance Rs 20 ,000 cr loans in FY18

Allocation to SC/ST increased by 35% of rupees to 52,393 cr in FY18

10 Lacs new Pos terminals in next 2 months

2 more schemes to promote government's BHIM app

1.25 Lacs people have adopted 'BHIM' app so far

IRCTC, IRFC, IRCON to be listed in stock exchange

10,000 cr for Recapitalization of banks

500 cr allocated to set up Mahila Shakti Kendras

Services charges on e-tickets booked through IRCTC site to be withdrawn

Solar power projects for 20,000 MW

Railways to integrate end to end transport solutions through PPP

FDI Policy: Government decided to abolish FIPB

2 more strategic Crude Oil Reserves to be set up

Allocation for National Highways Rs 64,000 cr

500 stations to be made disabled-friendly

Pradhan Mantri Gram  Sadak Yojana will work 133 Kms roads/ day

Aadhar based Smart card (health based) for senior citizens

Soil Health cards launched, mini labs to be set up in Krishi Vigyan Kendras

Focus on transform, energise & clean India- TEC India

A new Metro rail policy to be announced soon

2000 railway station to be put under Solar Mission

All coaches of railway will be fitted with Bio Toilet by 2019

Passenger Safety: Rail Sangraksha Curse fund of 1 Lakh

Agriculture credit per person Rs 10 Lacs in 2017-2018

Participation in MNREGA TO 55%

Micro irrigation fund of 5000 cr by NABARD for 'Per Drop more Crop'

1 lakh homes by 2019 for those in Kacha house.

Two new AIIMS to be set up in Jharkhand and Gujarat

Interest of rural housing loans to be brought down

Total allocation for rural and agriculture up by 24% to 1,87 223 cr

500 Mahila Shakti Kendra will be established

PM Awaas Yojna to get 23,000 cr this year

Swach Bharat Mission 18% UP

MNREGA allocation increased to 38,500 cr to 48,000 cr

More funds for rural sector and infrastructure.

100% Village electrification by 2018

Current account deficit decrease to 0.3% of GDP

CPI inflation declined from 6% to 3%.

Railway and General Budget merger historic.