Minister of Finance Mr. Arun Jaitley presented the Union budget for the year 2017-18 on 01 February 2017 in Parliament. This is his third budget.
The budget that comes after the demonetisation is highly anticipated.
The main highlight of the budget are the following
- Merging of Rail Budget and main Budget. Also done away with plan and non-plan expenditure
- Agenda for the next year is to transform, energise and clean India.
- Farming gets a big boost in this budget. Agricultural Credit to farmers will be 10 Lakh crore. Fasal Bima Yojana to provide protection to farmers against natural calamities. 75 lakh available for cleaning and packaging of farmer produce
- MGNREGS gets highest ever allocation for the scheme of Rs. 48,000 crore.