Finance minister Arun Jaitley presenting the Union budget in Parliament on Wednesday. Photo: PTIFinance minister Arun Jaitley on Wednesday presented the Union Budget 2017, with significant focus on rural development, infrastructure, and a push towards a digital economy. Here are the 10 takeaways from the budget:■ Total expenditure is Rs21.47 trillion for 2017-18 including Rs2.74 trillion for defence expenditure. Budget for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) hiked to Rs48,000 crore. also read |■ Taxation rate for individual taxpayers between Rs 2.5-5 lakh income down to 5% from the present rate of 10%.

Source: Mint February 01, 2017 16:06 UTC