Budget 2017-18

Personal Income Tax

 1. Existing rate of tax for individuals between Rs. 2.5- Rs 5 lakh reduced to 5% from 10%
2. All other categories of tax payers in subsequent brackets will get benefit of Rs 12,500.
 3. Simple one page return for people with annual income of Rs. 5 lakh other than business income

For the poor; health care
 1. Mahila Shakthi Kendras - Rs. 500 cr allocated.
 2. Nationwide scheme for pregnant women - Rs. 6000 each will be transferred.
 3. For women and Kids - Rs. 1,84,632 cr. allocation investment
 4. Affordable housing to be given infrastructure status.
5. Surplus liquidity - banks have already started reducing lending rates for housing
 6. Elimination of tuberculosis by 2025 targeted.
 7. 1.5 lakh health sub centres to be transformed into health wellness centre. 8. Two new AIIMS in Jharkhand and Gujarat

Rural sector

 1. Government targets to bring 1 crore households out of poverty by 2019
 2. During 2017-18, 5 lakh farm ponds to be taken up under MGNREGA
3. Over Rs 3 lakh cr spend for rural India. MGNREGA to double farmers income
 4. Participation of women in mgnrega up to 55%
5. During 2017-18, 5 lakh farm ponds to be taken up under MGNREGA
 6. Using space tech in a big way to plan MGNREGA works
 7. We propose to complete 1 crore houses for those without homes
 8. Allocating Rs. 19,000 cr for Pradhan Mantri Gram Sadak Yojana in 2017-18
9. We are well on our way of achieving 100% rural electrification by March 2018.
 10. Swachh Bharat mission has made tremendous progress, sanitation coverage has gone up from 42% in Oct 13 to 60% now.
 11. Sanitation coverage in rural areas gone up from 42% in Oct 2014 to 60% now

Agriculture 
1. Sowing farmers should feel secure against natural calamities.
2. Rs. 10 lakh crore as credit to farmers with 60 days interest waiver says FM
 3. NABARD fund to be increased to Rs. 40,000 crore
4. Govt will set up mini lab in Krishi Vigyan Kendras for soiling:
5. A dedicated micro irrigation fund will be set up for NABARD with Rs 5,000 cr initial corpus
 6. Irrigation corpus increased from Rs 20,000 crores to Rs 40,000

On demonetisation
 1. Demonetization is expected to have a transient impact on economy.
 2. We will have a great impact on the economy and lives of our people . The effects of Dem. are not expected to spill over next year.
3. Demonetization a bold and decisive measure and will lead to higher GDP growth.
 4. The effects of demonetisation will not spillover to the next fiscal.