* Relief of Rs.3,000 per year to taxpayers with income below Rs.5 Lakh per year to benefit one crore taxpayers
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Surcharge on income tax for incomes exceeding Rs.1 crore per annum raised from 12 percent to 15 percent
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Service tax exempted for general insurance schemes under Niramayi Swasthya Bima Yojana
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Suitable changes to be made in customs and excise duty rates to improve competitiveness and boost Make In India
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Plan, Non-Plan distinction to be removed from 2017-18
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For income below Rs.5 lakh per annum, tax ceiling has been raised from Rs.2,000 to Rs.5,000
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Relief to those in rented houses: Deduction raised from Rs.24,000 to Rs.60,000 under Section 88G
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Corporate income tax: Incentives for new manufacturing companies and relatively small enterprise companies
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Fiscal deficit for 2016-17 targeted at 3.5 percent
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Committed to implementing General Anti-Avoidance Rules (GAAR) from April 1, 2017
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New policy for managing assets of public enterprises
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Comprehensive approach to be adopted for government investment in central public sector enterprises
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Three initiatives for better delivery of public services
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Increased allocation of Rs.1,80,000 crore under PM MUDRA Yojana
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Market Stabilization Fund for Pulses gets Rs.900 crore
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Financial Data Management Centre for integrated data collection and analysis
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RBI Act being amended to provide statutory basis for monetary policy framework
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100 percent FDI to be allowed through FIPB route in food products produced and marketed in India
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Department of Disinvestment to be renamed Department of Investment and Public Asset Management
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Comprehensive plan being drawn up to be implemented in the next 15-20 years for exploiting nuclear energy
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Government to provide health insurance of up to Rs.1 lakh per family; 300 generic drug stores to be opened under PM Jan Aushadhi Yojana
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Roads and highways allocated Rs.55,000 crore, 50,000 km of state highways to be taken up for upgradaing to national highways
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Stand Up India scheme allocated Rs.500 crore for SCs, STs women entrepreneurs
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Government to incentivise gas production from deep sea and other unutilised deep sources
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Public Utility Resolution of Disputes Bill for resolution of infra sector disputes
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Pradhan Mantri Kaushal Vikas Yojan gets Rs.1,700 crore
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Digital depository for school leaving certificates
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Higher education financing agency to be set up with fund of Rs.1,000 crore
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National Skill Development Mission has imparted training to 76 lakh youth; 1,500 multi-skill training institutes to be set up
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Model Shops and Establishments Bill to be circulated for voluntary adoption by states
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Current account deficit down to $14.4 billion
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Rs.2.87 lakh crore for rural and urban local bodies
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Animal welfare programme, animal health card, e-marketing platform for connecting breeders
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100 percent village electrification to be achieved by May 1, 2018
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Appreciation for 75 lakh middle class and lower middle class families for willingly giving up LPG Subsidy
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Rs.19,000 crore allotted for PMGSY
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Rs.8.5 lakh crore of agricultural credit targetted in 2015-16; and Rs.9 lakh crore in 2016-17
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Rs.35,984 crore allocated for agriculture in 2016-17
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Five lakh acres to be brought under organic farming over three-year period
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MGNREGA to get Rs.38,500 crore
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Recapitalisation of banks during next fiscal
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Prudent fiscal policy needed, domestic demand should be raised, reforms need to be carried out
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Farm, rural sector, infra and social sector to get more funds
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Need to prioritise expenditure given recommendations of 7th Pay Commission and OROP implementation
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Nine pillars for reforming India, among them agriculture, social sector, education, infra, fiscal discipline, and tax reforms
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Presenting budget when global economy in a serious crisis
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Amidst global headwinds, the Indian economy has held its own
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Converted challenges we inherited into opportunities
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CPI inflation down to 5.4 percent from 9 percent-plus, bringing big relief to the public
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Forex reserves at highest-ever level
