Highlights of Union Budget-VII

| Updated: Feb 01, 2017 17:54 IST

New Delhi [India], Feb 1 (ANI): Finance Minister Arun Jaitley is presenting the Union Budget for financial year 2017-18. Highlights of the Union Budget are as follows: •Unmanned railway level crossings to be done away with by 2020. •Chandigarh and eight districts of Haryana have been declared Kerosene free. •Govt considering introduction of new law to confiscate assets of offenders who escape the country. •Government is considering stricter provisions on cheque dishonour. •Aadhar enabled payment system to be launched soon. Banks have targeted to introduce additional 10 lakh Point-of-Sale terminals by March 2017. •Total expenditure of budget 2017-18 has been placed at Rs 21.47 lakh crore. •We will create an integrated state-run energy company to take on other big companies in this sector. •Head post offices to offer pass port services. •Promotion of digital economy integral. •Defence expenditure excluding pension at Rs 2.74 lakh crore. •Total resources being transferred to the states & union territories with legislature is Rs 4.11 lakh crore.(ANI)
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