This Article is From Feb 01, 2017

10 Best Parts of Union Budget 2017 Selected By You: Trains And More

The Union Budget 2017 proposes tax cuts for salaried employees and small and medium enterprises to absorb November's notes ban shock.

10 Best Parts of Union Budget 2017 Selected By You: Trains And More

Union Budget 2017 revises individual tax rate slab among other sops to absorb notes ban shock.

New Delhi: 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:

  1. All service taxes for bookings via IRCTC to be withdrawn

  2. Maximum donation political party can get from one source is Rs 2,000

  3. Tax rate for 2.5-5 lakhs slab cut to 5%

  4. No transaction above Rs. 3 lakh to be permitted in cash

  5. All railway coaches will have bio-toilets by 2019

  6. Parties can receive donations by cheque, digital modes

  7. 20,000 MW solar power capacity to be set up

  8. Propose new law to confiscate assets of economic offenders

  9. Our focus is on 'Swachh Railways'

  10. Allocation for highways raised to 64,000 crores



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