Here are the key highlights of the Union Budget:
* Net tax revenue grew by 17 percent in 2015-16
* Committed to making taxation rate reasonable, our tax administration more fair and expand the tax base of the country
* Pradhan Mantri Mudra Yojana lending target has been doubled at Rs 2.44 lakh crore for 2017-18
* 3,500 km railway lines to be commissioned in 2017-18 against 2,800 km in 2016-17
* Railways plan size for 2017-18 pegged at Rs. 1,31,000 crore, including Rs 55,000 crore to be provided by the government
* Using space technology in a big way to plan MGNREGA works
* During 2017-18, another 5 lakh ponds to be constructed for drought-proofing
* AadharPay, a merchant version of Aadhaar-enabled payment system to be launched shortly for those without debit cards, mobile phones
* Sanitation coverage in rural areas has gone up to 60 per cent
* Swachh Bharat Mission has made tremendous progress in promoting safe sanitation and ending open defectation
* By 2019 all passenger coaches of railways to be fitted with bio-toilets
* 1 crore houses to be completed by 2019 for houseless and those living in 'kacha' houses
* Rs 19,000 crore in 2017-18 for PMGSY; together with contribution from states, Rs 27,000 crore to be spent
* Total allocation for rural, agricultural and allied sectors for 2017-18 is a record Rs 1,87,223 crore, up 24 percent from last year
* Target for agricultural credit in 2017-18 has been fixed at a record Rs 10 lakh crore
* Coverage of Fasal Bima Yojana to go up from 30 percent of cropped area, to 40 percent in 2017-18, 50 percent in 2018-19
* NABARD to set up dedicated micro-irrigation fund to be set to achieve Per Drop More Crop mission
* Corpus of NABARD's long-term irrigation fund raised to Rs 40,000 crore
* Mini soil-testing labs in Krishi Vigyan Kendras to ensure 100 per cent coverage
* Highest ever allocation to MGNREGA at Rs 48,000 crore
*Merger of Railway Budget with Budget 2017 a historic step
* Transform, Energize and Clean India - #TECIndia - our agenda for the next year
* Advancement of budget will enable all ministries, departments to operationalize all schemes right from beginning of next fiscal
* Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real
* Effects of demonetisation not expected to spill over to next year
* Firmly believe that GST, Demonetisation, built on JAM, will have an epoch-making impact on the lives of our people
* Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real
* Recalls #MahatmaGandhi's words: A right cause never fails
* 3 challenges in current global scenario:Monetary stance of US FED Reserve, Commodity prices specially crude oil & retreat from globalisation
* We have moved from a discretionary administration to a policy-based administration
* We have moved from a discretionary administration to a policy-based administration
* Expectations included burning issues like inflation and price rise, issue of corruption & crony capitalism
* Our government was elected amidst huge expectations of people, the underlying theme of expectations being good governance
* Hope to resolve all issues regarding GST via consultations
* We are moving from informal to formal economy & the Government is now seen as a trusted custodian of public money
Sluggish growth replaced by high growth; war on blackmoney launched. More steps will be taken to benefit farmers and the weaker sections; budget being presented during weak global economy, says Jaitley
-"Monetary policy to be expansionary in major economies. Uncertainty around commodity prices especially oil to have impact on emerging economies."
-CAD declined from 1 percent last year to 0.3 percent in first half of current fiscal. Protectionism is increasing
-36 percent increase in FDI flow; forex reserves at $361 billion in January enough to cover 12 months needs
-We are seen as engine of global growth; IMF sees India to grow fastest in major economies
-Demonetisation was a continuation of series of measures taken by govt in 2 years; it is bold and decisive measure
-Government took two tectonic policy initiatives - passage of GST Bill and demonetisation
-Effects of demonetisation not expected to spill over to the next year, says Finance Minister. GDP will be bigger, cleaner after demonetisation
-Only transient impact on economy due to demonetisation; long term benefit include higher GDP growth and tax revenue
-Merger of Railways Budget with General Budget brings focus on a multi-modal approach for development of railways, highways and inland water transport
-Demonetisation will help in transfer of resources from tax evaders to government
-Functional autonomy of the railways to be maintained, says Jaitley. Pace of remonetisation has picked up; demonetisation effects will not spill over to next year, says Jaitley
-World Bank expects GDP growth rate at 7.6 percent in Financial Year 2018 and 7.8 percent in Financial Year 2019. Our agenda for next year is to transform, energise and clean India
-Spend more in rural areas, infrastructure, poverty alleviation, while maintaining fiscal prudence as guiding principle of Union Budget. Budget presentation advanced to help begin implementation of schemes before onset of monsoon
-Committed to double farm income in 5 years. Plan, non-plan classification of expenditure done away with in the Budget for 2017-18 to give a holistic picture
-Mini labs by qualified local entrepreneurs to be set up for soil testing in all 648 krishi vigyan kendras in the country
-Demonetisation was a bold and decisive strike in a series of measures to arrive at a new norm of bigger, cleaner and real GDP.
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