Budget 2017 highlights: Ten themes broken down in tweets
The protests by the Opposition for postponement of the presentation of the Union Budget following the death of sitting MP E Ahamed didn\'t work out. Finance Minister Arun Jaitley presented his Budget speech at 11 AM on 1 February, as per schedule.
Jaitley, in his speech, went sector by sector, outlaying what the government has done and what it aims to bring to the table. Among them, there was a special two-paragraph section on demonetisation.
Here\'s the budget highlights in tweets:
In his introduction to the budget, Jaitley talked about the war on black money, inflation being brought under control, how the administration has moved from "discretionary, favouritism based to system and transparency based" and that the " Indian economy has been robust to mild shocks and IMF forecasts". Jaitley also laid down the challenges that lie ahead and the transformational reforms brought out within the last year.
Double digit #inflation has been controlled; sluggish growth replaced by high growth; war on #blackmoney launched: #FM.
— Press Trust of India (@PTI_News) February 1, 2017
#ModiBoostsEconomy Took the daring decision of Demonetisation to curb counterfeit currency, blackmoney, parallel economy
— Dolli (@desh_bhkt) January 31, 2017
Double-digit inflation has been controlled; world economy faces considerable uncertainties, says @arunjaitley #BudgetTImes @timesofindia
— Prasad Sanyal (@PrasadSanyalTOI) February 1, 2017
#Budget2017 #ArunJaitley
— NISHU SHARMA (@NISHUSharma21) February 1, 2017
Double digit inflation has been controlled; sluggish growth replaced by high growth; war on blackmoney launched
tight fiscal deficit at 3.2% of gdp -> less borrowing ->bond yields lower ->capital gains profit for banks (bond holders) ->capital infusion
— Ajit Ranade (@ajit_ranade) February 1, 2017
tight fiscal deficit at 3.2% of gdp -> less borrowing ->bond yields lower ->capital gains profit for banks (bond holders) ->capital infusion
— Ajit Ranade (@ajit_ranade) February 1, 2017
History was created, when led by vision of Sri @narendramodi ji, our government combined Railway and Union Budgets Sri @arunjaitley ji
— YS Chowdary (@yschowdary) February 1, 2017
.@arunjaitley thanks Members for support in passage of #GSTBill. Also heralds #DeMonetisation as an unprecedented step to clean the economy.
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
Jaitley talked about the 'bold' measure to " curb tax evasion and parallel economy" and the government's resolve to " eliminate corruption, black money, counterfeit currency and terror funding".
Demonetisation was a bold & decisive strike in a series of measures to arrive at a new normal of bigger, cleaner & real GDP:FM @arunjaitley
— Ministry of Finance (@FinMinIndia) February 1, 2017
Demonetisation will result in long-term growth, reduction in corruption & black money.
— Meghnad (@Memeghnad) February 1, 2017
"Early signs of increased Bank capacity to lend more"
#DeMonetisation "will lead to digitisation and formalisation of the economy. Will ultimately contribute to growth in GDP." #MinisterPositive
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
Being directionally right &focused on spending in growth centric areas,it clearly reassures the fact that #Remonetisation is in! #Budget2017
— Punit Goenka (@punitgoenka) February 1, 2017
Drop in economic activity during #remonetisation transient : @arunjaitley during #Budget2017speech.
— VISHAL (@VishalManve12) February 1, 2017
TEC India seeks to:
"Transform, Energise, Clean India."
— Meghnad (@Memeghnad) February 1, 2017
Or TEC India.
Ye lo Media log. Headline for you.
The ten themes for the broad agenda are as follows:
Tec india akaTEKK IT INDIA? 10 themes!
— Sowmya (@sowmyarao_) February 1, 2017
Farmers
Rural
Youth
Social Spending
Infra
Fin Sector
Digital Econ
Good Gov
Fiscal
Tax#Budget2017
"Committed to double the income in 5 years"
Minister @arunjaitley highlights the ten main provisions in the Budget.
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
1. #ForTheFarmer
Enable productivity. 10 lakh crores for #credit.
#ForTheFarmer #Budget2017
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
Support NABARD for digitisation of 63,000 agricultural centres, cooperative and rural banks.
Farmers and the informal sector workers hit by demont havent got anything substantive from the budget.
— M K Venu (@mkvenu1) February 1, 2017
#Budget2017 also lays emphasis on welfare of disempowered sections of the society - women, scheduled castes & tribes, farmers and workers.
— Dr. Harsh Vardhan (@drharshvardhan) February 1, 2017
For poor, downtrodden, villagers & farmers, #Budget2017 does in much greater measure what any earlier budget has done: provide lip service
— Shekhar Gupta (@ShekharGupta) February 1, 2017
Informal workers,small traders, farmers, women, students, central police personnel have been left out in this budget 5/6
— Ahmed Patel (@ahmedpatel) February 1, 2017
"Providing employment & basic infrastructure"
Rural Population: Providing Employment and Basic Infrastructurehttps://t.co/KgJOzkvgjP
— Nirmala Sitharaman (@nsitharaman) February 1, 2017
via NMApp pic.twitter.com/agD82SvDVl
#RuralReform #Budget2017 133km/day under PMGSY. Committed to complete PMGSY target by 2019. 27,000 crore (alongwith state contributions). pic.twitter.com/ERxnhKX10C
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
"Only 10% homes need to have a legal electricity connection for the entire village to be termed electrified." https://t.co/l17UssjW8x
— Rohan Venkat (@RohanV) February 1, 2017
Coz they built crapload of toilets for people to crap in (Swacch Bharat! Yay!), but forgot to provide running water.https://t.co/hoDcsqbeK7
— Meghnad (@Memeghnad) February 1, 2017
"Energising them through education, skills and jobs"
Restructuring of #UGC can be the single biggest game changer for higher education in India if effectively implemented. #Budget2017
— Anubhuti Vishnoi (@anubhutivishnoi) February 1, 2017
In higher education, we will undertake reforms in UGC, give autonomy to colleges and institutions: #Jaitley.
— Press Trust of India (@PTI_News) February 1, 2017
National Testing agency to conduct all examinations in higher education, freeing CBSE and other agencies: FM. #Budget2017
— Press Trust of India (@PTI_News) February 1, 2017
National Testing agency to conduct all examinations in higher education, freeing CBSE and other agencies: FM. #Budget2017
— Press Trust of India (@PTI_News) February 1, 2017
#UnionBudget2017 FM proposes Innovation fund for secondary education for local innovation. Suggests #ICT enabled transformation#Budget2017
— Christo Thomas Jose (@tweetchristo) February 1, 2017
On #Education,announcements on Swayam,DTH,National Testing Agency and UGC overhaul- all have next to no financial implications. #budget2017
— Anubhuti Vishnoi (@anubhutivishnoi) February 1, 2017
3. Youth (cont) UGC reforms. Coursera for desh - Swayam. Lessen admin duties of CBSE etc (hmmm how?)
— Sowmya (@sowmyarao_) February 1, 2017
Skilling - increase in >600 districts.
"Strengthening the systems of social security, health care and affordable housing"
2. #RuralReform #Budget2017
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
Affordable housing for all by 2022. MNREGA targets for more farms ponds, compost pits. 48,000 crore for #MNREGA.
Focus on strengthening system of social security, affordable housing & building productive infra. #BudgetForBetterIndia pic.twitter.com/EILXEEFMFD
— Shahnawaz Hussain (@ShahnawazBJP) February 1, 2017
Why not start calling all STD/PCOs 'AIIMS'.. so that we can have a lot of hosps where patients get no care. https://t.co/2rJaIiivjR
— Vidya (@VidyaKrishnan) February 1, 2017
#Aadhar based smart cards. #Budget2017 #Budget4Women @arunjaitley pic.twitter.com/bNLx3QwRXe
— Ministry of WCD (@MinistryWCD) February 1, 2017
Govt now has elimination target for TB (2025). Laughable as teenage kids r currently taking govt to court get medicines.#Budget2017 #Health
— Vidya (@VidyaKrishnan) February 1, 2017
For measles, leprosy, filariasis..elimination targets already existed as per the global commitments India has made. So pointless.
— Vidya (@VidyaKrishnan) February 1, 2017
"For efficiency, productivity and quality of life" - includes Railways
For 2017-18, the Plan size has been pegged by the Railways at Rs. 1,31,000 crore. #BudgetForBetterIndia pic.twitter.com/ePnwFn9hyU
— Ministry of Railways (@RailMinIndia) February 1, 2017
By 2019 all coaches of Indian Railways will be fitted with Bio-Toilets: FM @arunjaitley #Budget2017
— Ministry of Finance (@FinMinIndia) February 1, 2017
Bio toilets in trains by 2019 ! The promise is at least five years old ! #Budget
— uttam sengupta (@chatukhor) February 1, 2017
🐂 133 km/ day of rural roads construction indeed laudable. Budget provides for further Rs 27,000 crs to complete PMGSY by 2019. Welcome.
— Vinayak Chatterjee (@Infra_VinayakCh) February 1, 2017
Rashtriya Rail Sanraksha Kosh is proposed to be created with a corpus of Rs. 1 lakh crore#Budget17 pic.twitter.com/zZnQzPcFeO
— Manoj Sinha (@manojsinhabjp) February 1, 2017
Shri @arunjaitley : " New Metro Rail Act shall facilitate greater private participation" #Budget2017
— DIPP India (@DIPPGOI) February 1, 2017
🚝 Budget pushes for PPP in 2 areas ~ O&M at AAI Airports & a new Metro Rail Act to provide structure for pvt participation.
— Vinayak Chatterjee (@Infra_VinayakCh) February 1, 2017
High-speed broadband connectivity to reach 150k panchayats in 17-18 #Budget2017
— Saksham Khosla (@khoslasaksham) February 1, 2017
5. Infra (cont) - now telecom. BharatNet increased! By end of 17-18 - high speed broadband avlabile in >150000 gram panchayats + hotspots
— Sowmya (@sowmyarao_) February 1, 2017
"Growth & stability by stronger institutions"
Rlys offers competitive ticketing facility to the public. Service charge on e-tickets booked through IRCTC has been withdrawn. #Budget2017
— Ministry of Railways (@RailMinIndia) February 1, 2017
Train tickets booked through #IRCTC to get cheaper
— Varsha Singh (@varshasinghmcx) February 1, 2017
By 2019 all coaches ofShare of Railways CPSEs like IRCTC & IRFC to be listed on various stock Exchane#Budget2017
— Ministry of Railways (@RailMinIndia) February 1, 2017
IRCTC works very well now & without any glitch. Time we also move on with these failed jokes? https://t.co/m2eGrny0EC
— Rahul Sharma (@Biorahul) February 1, 2017
Abolition of #FIPB,listing of PSUs like #IRCTC,IRFC,IRCON means govt means business in ensuring 'Minimum Govt,Maximum Governance #Budget2017
— Sanju Verma (@Sanju_Verma_) February 1, 2017
IRCTC to get listed, and FIBP being abolished is quite historic.
— Nupur (@UnSubtleDesi) February 1, 2017
FIBP removal is a good thing. It will encourage investment, in a more straightforward fashion #Budget2017
— Jayesh M (@jayesh) February 1, 2017
"For speed, accountability and transparency"
"At the cusp of digital revolution" BHIM app will unleash power of mobiles for financial inclusion. 2 new schemes to promote use of #BHIM
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
2500 crore digital transactions target through UPI, IMPS etc Additional 10 lakh POS terminals by March 2017. #Aadhaar based POS by Sep 2017.
— HasParlAdjournedYet (@HasParlAdjYet) February 1, 2017
1.25 crore people have already adopted the Bhim App. #Budget2017
— Abhijit Majumder (@abhijitmajumder) February 1, 2017
BHIM app & digitization, curbing illegal deposits, expected to get a high focus in the coming months. #BudgetForBetterIndia pic.twitter.com/ZudcbPyVrd
— BJP (@BJP4India) February 1, 2017
#Budget2017 Big push for digital payments. Bhim app to to upgraded. Sops for digi payments. Payments reg board under RBI
— R Jagannathan (@TheJaggi) February 1, 2017
6. Aadhar pay + new target for digital transactions. 20 lakhs aadhar based pos to be introduced. Not a bad idea.
— Sowmya (@sowmyarao_) February 1, 2017
Mobile wallet companies should be very worried, if BHIM app & Aadhar Pay give cashbacks. The only thing they lacked. #UnionBudget2017
— Aparajita Bharti (@BhartiAparajita) February 1, 2017
"Effective governance and efficient service delivery through people's participation"
Shri @arunjaitley : Govt e-market place has been appreciated as award winning govt procurement platform by World Bank. #Budget2017
— DoC (@DoC_GoI) February 1, 2017
Defence: centralised defence travel system through which soldiers and officers can book tickets.
— Indrani Bagchi (@horror06) February 1, 2017
"To ensure optimal deployment of resources and preserve fiscal stability"
Rail Min @sureshpprabhu says #Budget growth-oriented, provision of Rs 1.31 lakh cr for #railways' capital expenditure 'unprecedented'
— Press Trust of India (@PTI_News) February 1, 2017
Capital expenditure has shrunk, so Employment will further decline and creation of Infrastructure will suffer.
— Sitaram Yechury (@SitaramYechury) February 1, 2017
Massive increase in capital expenditure shall lead towards infra growth & in turn create more jobs for our Youth. #BudgetForBetterIndia
— Vasundhara Raje (@VasundharaBJP) February 1, 2017
Positive effect of demonetisation, the increase in capital expenditure by 25% will generate more jobs.#BudgetForBetterIndia
— Devendra Fadnavis (@Dev_Fadnavis) February 1, 2017
Amazing. How has Jaitley fixed fiscal deficit at 3.2% for FY 2018 while raising capital expenditure by 25%? Sleight of hand? #Budget2017
— Madhavan Narayanan (@madversity) February 1, 2017
"Honouring the honest"
FM @arunjaitley : We are committed to make our tax rates reasonable, tax administration fairer & tax base wider. #BudgetforBetterIndia
— Ministry of Finance (@FinMinIndia) February 1, 2017
India finally heading towards a low-tax rate, wider tax base economy. Will make it more efficient, transparent #Budget2017
— Minhaz Merchant (@MinhazMerchant) February 1, 2017
Good #Budget2017 because there was little room to tinker with indirect taxes due to imminent GST. Direct tax reliefs will boost consumption
— Minhaz Merchant (@MinhazMerchant) February 1, 2017
Tax concession [reduced from 10% to 5%] provided to middle class, who earn between 2.5-5lakh,will go a long way in improving their spending.
— Amit Shah (@AmitShah) February 1, 2017
The Union Budget provisions honour the honest tax payer, curb the flow of black money and provide relief to the middle class.
— Rajnath Singh (@rajnathsingh) February 1, 2017
Tax burden on MSME is reduced by 25% will create a level playing field and create more job opportunities.#BudgetForBetterIndia
— Devendra Fadnavis (@Dev_Fadnavis) February 1, 2017
Only 20 lakh Individuals who are non salaried pay tax, a big joke and 1.2 crore cars sold. 2 crore people traveled abroad. #Budget2017
— Varsha Singh (@varshasinghmcx) February 1, 2017
First published: 1 February 2017, 6:58 ISTEnter Robin Hood. Major income tax rebates being rolled out for middle class, steeper taxes for the rich. #Budget2017
— Abhijit Majumder (@abhijitmajumder) February 1, 2017
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