Arun Jaitley, the Finance Minister presented the Union Budget 2017-2018 today in the Lok Sabha. This is the 4th budget by the Modi government. In the budget, the most important issue of demonetization was discussed and finance minister Arun Jaitley stated that this move won’t have a long term impact on Indian economy. This budget has also taken into consideration the welfare of children and women; the allocation of funds has considerably increased.
A joint budget was presented and it included the Railway budget as well. Talking about railways, the main focus will be on cleanliness, capital works and also on passenger safety. This is the 1st time in 92 years that both the budgets were presented together.
Economists had given a warning that GDP will be hit, but measures were taken so that the impact is soft. After the Union Budget was presented, both houses of parliament were adjourned.
Key announcements of this budget were mainly in housing, railways, political party funding, financing and taxes. Given below are some highlights…
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Have a look at the revised tax slab!
What do you think? Will this union budget prove to be helpful to the Indian economy? Do share your views in our comments section below.
