Union Budget 2017- Arun Jaitley's No-Frills Budget Seeks to Ease Notes Ban Shock: 10 Points

To cover his spending promises, focused on the poor, the Finance Minister has raised the fiscal deficit target to 3.2 per cent of the GDP for 2017-18, higher than the 3 per cent pledged earlier. But he has vowed prudent fiscal management and said he was committed to a 3 per cent fiscal deficit the year after. Continuing with the government's war on black money, Mr Jaitley has proposed a ban on all cash transactions above Rs 3 lakh...