Jailtey tables Budget in Parliament

Jailtey tables Budget in Parliament

New Delhi: Finance Minister Arun Jaitley on Wednesday tabled the Budget for the year 2017-18 along with the fiscal policy statements in Rajya Sabha.
He tabled the Budget in the Upper House after doing so in the Lok Sabha. Before the House convened and Chairman Hamid Ansari came, Jaitley met and greeted former Prime Minister Manmohan Singh, a noted economist, and shared a few moments with him.

  • Budget softens demonetisation blow, Income Tax slashed by 5%

  • Govt removes all taxes on PoS machines to push e-payments

  • Subsidy bill up over 3 pc at Rs 2.4 lakh cr in 2017-18

  • Income tax for small firms slashed to 25%

  • Cigarettes, tobacco products to turn dearer

  • Only 76 lakh Indians showed income of over Rs 5 lakh

  • Govt to borrow Rs 3.5 lakh crore in FY18

  • Govt abolishes FIPB; more FDI policy easing on anvil

  • Analysts hail tax certainty in Budget, rue high corp tax rates

Jaitley was accompanied by Union Power Minister Piyush Goyal, who also greeted Singh. Soon after the tabling of the budget, the Chairman adjourned the House for the day.

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