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    Published On : Wed, Feb 1st, 2017
    Business News | By Nagpur Today Nagpur News

    Fine Balanced First 1st Feb 21.47 Lakh Combined Railways and Union Budget

    Syed K Sirajuddin
    Nagpur:
    India now started focusing more on disabled by enabling 500 station disbled friendly, Further developing 25 stations. further 1 Lakh allocated for safety of Railways is a very need of hour decision to avoid any future Train mishaps. Further 3500 KM railway line would be laid. Also all the Toilets in rail would be bio toilets by 2019.

    34%increase in tax collection, 25% tax on MSME below 50 crore turnover, 5% discount will benefit 96% companies. presumptive tax to 6 % to below 2 crore company making digital transactions. 5% discount in below 5 lakh Incom tax payee would encourage more people to start paying taxes.

    64,900 crore for highways will boost economy, 2.41 lakh on transport sector is very bold decision. 20,000 MW Solar energy. 3.96 lakh crore on infrastructure development will create more jobs.

    Although we were expecting more increased in minority budget whereas minister just increased by 4000 cr.

    Political funding reforms are welcomed step. Abolishment of FIPB will open avenues for Investment in India.


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