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Union Budget 2017: Top Highlights

Union Finance minister Arun Jaitley, in his third budget for FY 2017-18 in the Lok Sabha today, announced some concessions, though unveiled a long-term economy stabilization policy of the NDA government.

Here are some top highlights of the Union Budget:

  1. One crore houses for poor by 2019.
  2. For senior citizens, Aadhar cards to be recalibrated with full health condition.
  3. New law on cards to confiscate assets of offenders who escape the country.
  4. No service charge if rail tickets are booked through IRCTC online.
  5. Small firms with turnover up to Rs 50 crore to pay 25% tax, instead of 30%.
  6. One crore houses for poor by 2019.
  7. Two new All India Institute of Medical Sciences(AIIMS) for Jharkhand and Gujarat.
  8. 500 rail stations to be fitted with lifts and escalators.
  9. Foreign investment promotion board (FIPB) to be abolished.
  10. Strategic crude oil reserves to be set up in Odisha and Rajasthan.

Some Warning Signals From Budget:

  1. Future prices of petrol and diesel to go up due to rising dollar. It means rupee exchange value will further be down to touch Rs.70 per dollar soon.

  2. Those who flee country like Dawood Ibrahim in the past and Vijay Mallya now will face the prospect of their properties summarily seized by the government.

One comment

  1. Why not the assets of al WILFUL DEFAULTERS of banks , presently touching q10 lac CRORES including the bad debts of over 500 CRORES to SINGLE firm /?how many Mafia gangs involved , creating ASSETS which should also be confiscated to save the depositors.?

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