The Union Budget 2017 proposes tax cuts for salaried employees and small and medium enterprises, while focusing on reducing farmers' distress through agricultural reforms. Prime Minister Narendra Modi has described it as a Budget for the FUTURE - farmers, underprivileged, transparency, urban rejuvenation, rural development, enterprise.
Here are the 10 best parts Finance Minister Arun Jaitley's first Budget after notes ban:
All service taxes for bookings via IRCTC to be withdrawn
Maximum donation political party can get from one source is Rs 2,000
Tax rate for 2.5-5 lakhs slab cut to 5%
No transaction above Rs. 3 lakh to be permitted in cash
All railway coaches will have bio-toilets by 2019
Parties can receive donations by cheque, digital modes
20,000 MW solar power capacity to be set up
Propose new law to confiscate assets of economic offenders
Our focus is on 'Swachh Railways'
Allocation for highways raised to 64,000 crores
