Budget 2017-18 Highlights

- Reduce existing tax rate for income of Rs 2.5-5 lakhs to 5% from 10%, says FM

- Maximum cash donation receivable by political party from one source at Rs 2,000, says FM

- Propose carry-forward of MAT to 15 years from 10 years, says FM

- Propose to make changes in capital gains tax for housing, says FM

- Peg fiscal deficit for 2017-18 at 3.2%, in-line with market expectations, says FM

- Govt raises allocation for MNREGA from Rs 38500 cr in FY17 to Rs 48000 cr in FY18, says FM

- Net borrowing limited to Rs 3.48 lk cr, says FM

- Govt doubles lending target of banks to Rs 2.44 lakh cr

- Allocation of capital expenditure up 25% YoY, says FM

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