Budget highlights – 6

* Net tax revenue grew by 17 per cent in 2015-16

• Committed to making taxation rate reasonable, our tax administration more fair and expand the tax base of the country
  • Pradhan Mantri Mudra Yojana lending target has been doubled at Rs 2.44 lakh crore for 2017-18

  • 3,500 km railway lines to be commissioned in 2017-18 against 2,800 km in 2016-17

  • Railways plan size for 2017-18 pegged at Rs. 1,31,000 crore, including Rs 55,000 crore to be provided by the government

  • Using space technology in a big way to plan MGNREGA works

  • During 2017-18, another 5 lakh ponds to be constructed for drought-proofing

  • AadharPay, a merchant version of Aadhaar-enabled payment system to be launched shortly for those without debit cards, mobile phones

  • Sanitation coverage in rural areas has gone up to 60 per cent

  • Swachh Bharat Mission has made tremendous progress in promoting safe sanitation and ending open defectation

  • By 2019 all passenger coaches of railways to be fitted with bio-toilets

  • 1 crore houses to be completed by 2019 for houseless and those living in 'kacha' houses

  • Rs 19,000 crore in 2017-18 for PMGSY; together with contribution from states, Rs 27,000 crore to be spent

  • Total allocation for rural, agricultural & allied sectors for 2017-18 is a record Rs 1,87,223 crore, up 24 per cent from last year

  • Target for agricultural credit in 2017-18 has been fixed at a record Rs 10 lakh crore

  • Coverage of Fasal Bima Yojana to go up from 30 per cent of cropped area, to 40 per cent in 2017-18, 50 per cent in 2018-19

  • NABARD to set up dedicated micro-irrigation fund to be set to achieve Per Drop More Crop mission

  • Corpus of NABARD's long-term irrigation fund raised to Rs 40,000 crore

  • Mini soil-testing labs in Krishi Vigyan Kendras to ensure 100 per cent coverage

  • Highest ever allocation to MGNREGA at Rs 48,000 crore

  *Merger of Railway Budget with Budget 2017 a historic step

  • Transform, Energize and Clean India - #TECIndia - our agenda for the next year

  • Advancement of budget will enable all ministries, departments to operationalize all schemes right from beginning of next fiscal

  • Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real

  • Effects of demonetisation not expected to spill over to next year

  • Firmly believe that GST, Demonetisation, built on JAM, will have an epoch-making impact on the lives of our people

  • Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real

  • Recalls #MahatmaGandhi's words: A right cause never fails

  • 3 challenges in current global scenario:Monetary stance of US FED Reserve, Commodity prices specially crude oil & retreat from globalisation

  • We have moved from a discretionary administration to a policy-based administration

  • Expectations included burning issues like inflation and price rise, issue of corruption & crony capitalism

  • Our government was elected amidst huge expectations of people, the underlying theme of expectations being good governance

  • Hope to resolve all issues regarding GST via consultations

  • We are moving from informal to formal economy & the Government is now seen as a trusted custodian of public money

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)