Finance Minister Arun Jaitley today said that the aim of the General Budget 2017-18 was to carry forward the good work being done in the last 3 years with a motto to provide more money and resources in rural areas and make the economy clean.
Briefing media persons after presenting the Budget in the Lok Sabha, Mr Jaitley said that the focus was not on the number of the schemes being announced, but to strengthen the existing schemes.
He said that the Government has increased the allocation for the Agriculture and Rural sector along with the MNREGA to generate more jobs in the area.
He said that another aim of the Budget was to curb the black money, catch the tax evaders, bring more people in the tax net and honor the honest tax payers.
He said that the next thrust was on the Infrastructure sector as it has capabilities to give momentum to the economy and generate huge employment for common people. Keeping this in mind, a huge allocation has been made in the field of Railways, Roads, Ports and telecom. Altogether this sector has got a huge chunk and will give a boost to economic activities and growth.
Finance Minister clarified that keeping the less investment from the private sector during the current period, government decided to spend more on projects.
On the question of giving Corporate Tax relief to MSME sector, Mr Jaitley said that this will not only encourage the MSME sector, but will help in more exports. This sector gives maximum employment too.He denied that the provisions for Political Party''s funding are not full proof.
Giving the details, he said that only Rs 2000 can be donated in cash by a person. If someone has to donate more, he or she has to go to designated banks to purchase Electoral Bonds issued by the RBI. These bearer bonds can be purchased only through cheque payment or through digital payment. The purchaser may give it to any political party in a stipulated period which will be very short.More UNI ADP SHK 1825
-- (UNI) -- C-1-1-DL0136-1132348.Xml