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Union Budget 2017-18 simplified through Infographics

Finance Minister Arun Jaitley presented a historic Budget on Wednesday in which the railway budget has been merged and the date advanced by a month, retaining the 15 per cent surcharge on taxable income above Rs 1 crore. This is the fourth budget by Narendra Modi government. Finance Minister while presenting the budget made it clear that demonetisation move will not have a lasting impact on the economy. He also announced budget allocation for welfare of women and children under various ministries which shall be increased to Rs 1,84,632 crore.

News Nation Bureau | Updated : 01 February 2017, 03:29:51 PM
Union Budget at a glance

Union Budget at a glance

1

Against the backdrop of demonetisation intended to eliminate black money and introduce clean transactions, the Budget barred any transaction in cash above Rs 3 lakh. As a measure of transparency in political funding, he lowered to one-tenth the donation that political parties can accept in cash to Rs 2000 per donor.

Healthcare Sector

Healthcare Sector

2

Rs. 500 crore allocated for Mahila Shakthi Kendras. Under a nationwide scheme for pregnant women, Rs. 6000 will be transferred to each person. Elimination of tuberculosis by 2025 targeted.

Digital Reforms (TEC) India

Digital Reforms (TEC) India

3

Calling digital transformation a crucial pillar of efforts to Transform, Energise and Clean (TEC) India,  Finance Minister Arun Jaitley listed ‘Digital’ as one of the 10 key themes in the Union Budget 2017.

Housing Sector

Housing Sector

4

The government announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops for developers sitting on completed unsold inventories. The National Housing Bank will refinance individual housing loans of about Rs 20,000 crore in 2017-18.

Legislative Reforms

Legislative Reforms

5

Legislative reforms to simplify existing labour laws - wages, industrial relations, social security, safety.

Personal Income tax slab

Personal Income tax slab

6

Rate of growth in advance tax in personal income tax in last 3 quarters of this financial year is as high as 34.8%

National Highways

National Highways

7

This year marks special importance as this is the first time in history when the Railways budget has been presented along with the general budget. 

Where Rupee comes from?

Where Rupee comes from?

8

This infographic shows the various channels through which Rupee comes in to the economy. It may vary from customs, Income tax to service and other tax.

Where Rupee goes to?

Where Rupee goes to?

9

This shows how the Rupee that comes in goes for expenditure through various channels

Rural Population

Rural Population

10

Allocation for rural, agricultural sector is Rs 1,87,223 crore, 24% higher than last year. Proposal to launch skill knowledge awareness at Rs 4000 crore to provide market training to youth.