Union Budget 2017 Announcement
Just before assembly election in five states, Current government is all set to release Union Budget 2017 in public. Finance Minister Mr Arun Jaitley will represent budget announcement for all sectors. You will be able to see Union Budget Highlights in below given section. You will be able to see government’s future plans & polices on 1st Feb 2017.
After facing Demonetization i.e. Rs 500 & 1000 Notes Ban, each & every Tax payer and Non Taxpayer looks interest in Union Budget 2017. We will try to cover all major sectors in this article. Countryman’s have a lot of expectations from Finance Minister. Let’s have a look at what is there in Union Budget 2017 for different sectors.
Union Budget 2017 Updates
As per our sources, Union Budget 2017 will be common people and taxpayer-friendly. Government will try to push growth rate with its plans & polices. More than 100 Crore peoples those just faced demonetization now want some good news from 2017 Union Budget. Government also looks in good mood. We get to know from our sources that relief in Tax Limit is one of the Union Budget Highlights. NITI Aayog recently organized Prime Minister Narendra Modi’s meeting with a group of economists regarding this matter. We will get to the reality of this news in Union Budget 2017 on 1st February 2017.
Union Budget News–Niti Aayog
PM wants to have a meeting with economics expert to seek advice on tax reforms. We would like to mention PM’s remark on Tax Payers “People in general were not tax evaders; they did want taxes better utilized and accounted for”. Other important topics that holds key role in Union Budget 2017 are Tax simplification, personal and corporate income tax, direct taxation, tax rate, Single Tax system.
NITI Aayog vice-chairman Arvind Panagariya gave hints on these points when a question related to this meeting was asked from him. He also added that In Union Budget 2017 they have worked on such a tax system that will make India Compete with International Market & Destinations.
Union Budget Highlights 2017 (What is Expected)
- After Rs-500 & 1000 Note Ban, we can expect urgent steps to bring the feel good factor.
- The government will try to touch basic livelihood issues.
- Low-cost home loans (As the government announced earlier)
- More focus will be on Low Income Group or weaker section of country.
- Employment and job creation & Employment for all are top priorities of government.
- Incentives and packages to accelerate economic growth & overcome reduced demand in various sectors.
- There are just expections from government. You can check actual announcement in next section.
Union Budget 2017-18 Highlights & News
As you all know that, Finance Minister Mr Arun Jaitley will try to make every sector happy with some reliefs. You will get Updated News on Union Budget 2017 on 1st Feb evening. We will update all major announcements by Current Finance Minister in Union Budget Highlights. Here we will also provide brief analysis of Union Budget 2017. You will be able to get new tax rates, price down/hikes etc from above section. If you have any question related to Union Budget 2017, then feel free to ask our team in Comment box. We will try to answer your question as early as possible.
यूनियन बजट 2017- Union Budget 2017-Budget 2017 Announcements.