Finance Minister Arun Jaitley presented the Union Budget 2017, his fourth annual budget, today. Here are the highlights of this year's budget:
Prime Minister Narendra Modi hailed Finance Minister Arun Jaitley for presenting an "uttam" (excellent) Budget and said it will give new strength to the economy.
"The Finance Minister has presented an 'uttam' Budget, devoted to strengthening the hands of the poor. This is a Budget which will give new strength to the economy. The aim of the government is to double the income of farmers. This Budget is yet again devoted to the well-being of the villages, farmers and the poor," Modi said after the Union Budget 2017-18 was presented in Lok Sabha.
The Prime Minister also said the merger of the Railway Budget with the General Budget will give an impetus to the transport sector's growth.