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India Union Budget 2017 embraces and promises a full-fledged transparency reform agenda

The much-anticipated Union Budget 2017-2018 (post demonetization) was presented by Sri Arun Jaitley, Minister of Finance, Republic of India on 1st February 2017 amidst a context of uncertainty prevailing across the world.

The Budget Speech sets out the Indian Government`s agenda to strengthen the financial services sector  by introducing policy and tax reforms  to ensure transparency and to push for stable and stronger institutions while considering further liberalization in FDI.

The key budget highlights include new income tax rules, actions on black money and measures to boost the digital economy. The budget also provides a positive outlook for the farming sector, the rural population, youth, the poor and underprivileged, health care, infrastructure, the financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration.

For more information, kindly view the Union Budget Highlights.

 

03 February 2017