Union Budget 2017: Read the full text of FM Arun Jaitley’s speech
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Union Budget 2017: Read the full text of FM Arun Jaitley’s speech

Finance minister Arun Jaitley delivered the budget speech in Parliament today. Read the full text.

business Updated: Feb 02, 2017 13:16 IST
Budget 2017,Budget 2017 India,Arun Jaitley
Finance Minister Arun Jaitley delivers the Union Budget speech in Parliament.(PTI Photo)

Finance minister Arun Jaitley presented the Union Budget 2017 in Parliament today. The main highlights of this year’s Budget are higher allocation for rural, agricultural and allied sectors, giving a push to digital economy, increased funding for Scheduled Castes, affordable housing and a cap on political funding from a single source, among other measures.

There was no separate Railway Budget this year as Jaitley presented both together. For the railway sector, Jaitley announced a Rs 100,000 crore fund for railway safety and a focus on cleanliness, among other measures.

Markets reacted favourably to Jaitley’s speech and the Sensex gained more than 300 points. Opposition parties, however, dismissed Jailtey’s announcements as routine, with Congress vice-president Rahul Gandhi calling it a “damp squib”.

Read the full text of this year’s budget speech here:

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First Published: Feb 01, 2017 14:34 IST