Arun Jaitley today presented the Union Budget for financial year 2017-18 in Parliament.
Finance Minister Arun Jaitley today presented the Union Budget for financial year 2017-18 in Parliament.
Here are the key figures:
- Total expenditure of budget 2017-18 is 21.47 lakh crore
- Fiscal deficit at 3.2 per cent of GDP for year starting April 1. Remain committed to achieve 3% in following year
- Defence Expenditure excluding pensions set at 2.74 lakh crore
- 10,000 crores for recapitalization of banks
- Rural employment scheme of MNREGA gets "highest allocation ever" of 48,000 crores
- One page I-T return form for individuals with less than Rs 5 lakh income
- Maximum cash donation from unknown sources to political parties cut to Rs 2,000 from Rs 20,000
- Tax rate on small firms cut to 25 per cent
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