After the immense confusion over the delay of the Union Budget on Wednesdsay, Union Finance Minister Arun Jaitley presented the Budget as scheduled.
In a big relief to the middle class, Arun Jaitley in his Budget speech reduced the Income Tax rate for people coming under the bracket of annual income of Rs 2.5-5 lakh.
Jaitley said the demonetisation move will not impact the Indian economy. He also increased the allocation for welfare of women and children under various to Rs 1,84,632 crore.
This was for the first time that the Railway Budget was merged with the General Budget. In his fourth Budget Speech, Arun Jaitly announced that the focus of the Railways will be on passenger safety, capital works and cleanliness.
Here are live updates on the Union Budget 2017
Misleading. Full of jugglery of numbers and hollow words which mean nothing 4/4— Mamata Banerjee (@MamataOfficial) February 1, 2017
A controversial #Budget2017 which is clueless, useless, baseless, missionless and actionless. Heartless 1/4— Mamata Banerjee (@MamataOfficial) February 1, 2017
Tax payers still have restrictions on withdrawals. Remove all restrictions immediately. And where are the figures for #DeMonetisation? 3/4— Mamata Banerjee (@MamataOfficial) February 1, 2017
Any step to clean political funding will be supported by us— Office of RG (@OfficeOfRG) February 1, 2017
I thank FM for according infrastructure status to affordable housing; helping poor meet aspirations of owning a house. #BudgetForBetterIndia— M Venkaiah Naidu (@MVenkaiahNaidu) February 1, 2017
Rolling stock to be customized for transporting agricultural goods.Will Immensely benefit farmers #BudgetForBetterIndia— Suresh Prabhu (@sureshpprabhu) February 1, 2017
11;44 AM: Under PMGSY roads construction accelerated to 133 KM per day as against 73 KM per day during UPA regime: FM
3 challenges in current global scenario:Monetary stance of US FED Reserve, Commodity prices specially crude oil & retreat from globalisation— Ministry of Finance (@FinMinIndia) February 1, 2017
FM : My approach in preparing the #Budget2017 is to spend more on rural areas, infrastructure & poverty alleviation with fiscal prudence.— Ministry of Finance (@FinMinIndia) February 1, 2017
Demonetisation was a bold & decisive strike in a series of measures to arrive at a new normal of bigger, cleaner & real GDP:FM @arunjaitley— Ministry of Finance (@FinMinIndia) February 1, 2017
FM @arunjaitley: We are moving from informal to formal economy & the Government is now seen as a trusted custodian of public money.— Ministry of Finance (@FinMinIndia) February 1, 2017
Paid tributes to late Mr. E Ahamed. pic.twitter.com/DzjQvbaZ15— Narendra Modi (@narendramodi) February 1, 2017
Watch me live presenting the Union Budget 2017 at 11 am, February 1, 2017 https://t.co/BtQAlBf8Zz— Arun Jaitley (@arunjaitley) February 1, 2017