The Union Budget of 2017-2018 will be presented on February 1st 2017. It is believed that Union Budget 2017 will be different from any other Union Budget of India.
Modification in Income Tax Slabs and Tax Rates, Increased investment in Defence and discontinuation of Sugar subsidy are strongly expected. Positive news for the startup sector policies are anticipated from the budget session. Policies to boost digitalization and overcome the demonetization woes could also be on the cards of the Union Budget of India.+
10% increase in investment is highly expected from the Indian Defence Budget. This is expected on the grounds of recent terrorist attacks and PM vision of making India an exporter of defence equipments.
Announcement related incentive scheme on forming defence cluster is also anticipated. Furthermore, the removal of custom duty exemptions on military equipments is to boost local manufacturing of the same.+
The Railway Budget 2017-18 has come with several positive initiatives. Railway Budget has introduced a Railway Safety Fund called the 'Rail Sanraksha Kosh'.
Railway budget 2017 also announced redevelopment of railway stations to make them disable friendly. Railway budget highlights include proposal for narrow railway lines renewal by 2020, service charge withdrawal on the e-tickets booked through IRCTC. Railway budget highlights also include metro rail policy for urban transportation.+