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Budget 2017: Focus on infrastructure, digital economy and tax administration to achieve 'Transform, Energise and Clean' India

Finance Minister Arun Jaitley On Wednesday Said The Union Budget For 2017-18 Will Focus On Important Sectors, Including Farmers, Infrastructure, Digital Economy And Tax Administration To Transform, Energise And Clean India.

PTI | Updated on: 01 Feb 2017, 12:08:12 PM
Union Budget - File Photo

New Delhi:

Finance Minister Arun Jaitley on Wednesday said the Union Budget for 2017-18 will focus on important sectors, including farmers, infrastructure, digital economy and tax administration to transform, energise and clean India.

The other areas of focus include rural India, the youth, poor and under-privileged, the financial sector, public service and prudent fiscal management.

"The government will continue with the reforms to boost economic activity," he said in his speech in the Lok Sabha while setting three main agenda of the Budget -- Transform, Energise, Clean India (TECIndia).

Also Read: Budget 2017-18 Watch Live | FM Jaitley: 'No service charges on Railway e-tickets; strategic crude oil reserves to be set up in Odisha, Rajasthan'

He also announced a substantial increase in farm credit to Rs 10 lakh crore and "highest ever" allocation for MNREGA at Rs 48,000 crore.
Also, a long-term irrigation fund has been proposed to be set up in Nabard with an additional corpus of Rs 20,000 rore.

The Budget for 2017-18 is itself a reform as it merges rail budget with General Budget and replaces Plan/non-Plan expenditure classification with capital and revenue model to give a holistic picture of government spending. 

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First Published : 01 Feb 2017, 11:59:00 AM

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