Some Important Points of Budget 2017-18

Demonetization

Demonetisation is expected to have a transient impact on the economy.
It will have a great impact on the economy and lives of people.
Demonetisation is a bold and decisive measure that will lead to higher GDP growth.
The effects of demonetisation will not spillover to the next fiscal.

Rural population

Over Rs 3 lakh crore will be spent for rural India.
Government’s Mission Antyodaya targets to bring 1 crore households out of poverty by 2019.
MGNREGA: 48,000 crore has been allocated. Participation of women now at 55%.
Space technology to be used in a big way to ensure MGNREGA works.
5 lakh farm ponds will be taken up under MGNREGA.
Pradhan Mantri Awas Yojana: 23,000 crore allocated.
Government to complete 1 crore houses for those without homes.
Prime Minister Gram Sadak Yojana: 19,000 crore allocated.
Along with states, Rs. 27,000 crore will be spent in FY18.
Panchayat Raj: Human resource reform programme to be launched.
Mason training to be provided for 5 lakh people
100% rural electrification will be archived by May 2018
Swachh Bharat mission: made tremendous progress, sanitation coverage has gone up from 42% to 60%.

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