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English rendering of the Prime Minister s Statement on Union Budget- 2017-18

Budget - Dated:- 1-2-2017 - Press Information Bureau Government of India Prime Minister's Office 01-February-2017 16:25 IST I congratulate the Finance Minister Arun Jaitley Jee for presenting an excellent Budget. It will empower the poor and live up to the expectations of all. It will provide an impetus to infrastructure, strength to the financial system and a big boost to the development. The budget has provisions to fulfill the expectations of everyone- from construction of highways to exp .....

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he merger of the Railway budget with the Union Budget is a major step. It will help in integrated planning of the transport sector. Railways can now contribute in a much better way in meeting the transport needs of the country. The focus of the budget is on agriculture, rural development and infrastructure which is also a reflection of the Government s commitment to raise investment and create employment opportunities. The allocation for the schemes in these categories has been hiked substantial .....

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uplift the economic situation in rural India and also bring a sea change in the quality of life there. The Budget has laid emphasis on increasing the employment opportunities. Special allocation has been made for the sectors like Electronic manufacturing, Textiles which create new job opportunities. Provisions have been made to bring in the people working in the unorganized sector to the organized sector. Budget allocation for Skill development has been enhanced considerably keeping in mind the .....

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d creating new employment opportunities. This budget will provide an impetus to the housing sector in rural as well as urban areas. In the Railway budget, special emphasis has been on railway safety. Railway Safety Fund has been set up which will help in ensuring adequate expenditure of funds on rail safety. Capital expenditure on Railway and Road infrastructure has been hiked substantially in the budget.The Comprehensive package on digital economy will curb the tax evasion and check the circula .....

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ignificant as it touches the middle class most. Bringing down the rate from 10 to 5 percent is a bold move. Most of the taxpayers in India would be benefitted by this decision. You would have seen, my fight against black money and corruption is on. Political funding has always been a matter of discussion. Political parties are always under the scanner in this regard. The new scheme by the Finance Minister related to poll funding is along the lines of the hopes and aspirations of the people in ou .....

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