NEWS FLASH

Govt to set up payment regulatory board within RBI; Amendments proposed in Finance Bill 2017

Revenue deficit down in current fiscal; fixed at 1.9% for next fiscal

Affordable Housing - Real Estate Scheme period extended from 3 yrs to 5 yrs for availing tax benefits

Only 24 lakh taxpayers returned income above Rs 10 lakhs in 2015-16 + 1.72 lakh only showed income above Rs 50 lakhs

Cost Inflation Index moved from 1981 to 2001

Govt allows carry forward of MAT Credit for 15 years

NPAs provision hiked to 8.5% for banks

Govt accepts SIT recommendation on disallowance of cash transaction above Rs 3 lakh

Political Funding - Only Rs 2000 in cash to be allowed + RBI Act to be amended to sell Electoral Bonds through banks

Rs 2.44 lakh crore earmarked for PM Mudra Yojana in next fiscal

Govt abolishes FIPB set up to process FDI proposals

Govt to launch Trade Infra Scheme to promote exports

Govt to amend AAI Act to involve private operators under PPP for tier-2 city airports manager

Govt to frame new rules of international standards for medical devices

Govt to set up payment regulatory board within RBI; Amendments proposed in Finance Bill 2017

Govt to formulate modern law on contract farming and to be circulated among States

Merger of Rail Budget with General Budget stands guillotining of colonial practice