Expectations are increasing on Union Budget 2017 to be presented by Finance Minister Arun Jaitley on Feb 1st. As PM Modi completed two and half years of rule as PM and as this happens to be the first budget after demonetisation, analysts expect NDA government to attract people with many populistic moves and incentives. 


With just three days to go, speculation is increasing on what one can expect from the budget. Some expect Income Tax limit to be raised and many more incentives to promote cashless transactions in a big manner. 

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Now here are the expectations from Union Budget 2017. One cacn expect Financce Minister Arun Jaitley to talk about Demonetisation, Goods and Services Tax (GST), Income Tax, Corporate Tax, Railways,Agriculture, Manufacturing, Foreign Inflows and Startups. 


Dealing with Demonetisation Arun Jaitley is expected to announce tax rebates and incentives. He will announce implementation schedule of GST. Income Tax limit may be raised and also tax breaks may be raised on money parked in fixed deposits, insurance premium and mutual funds from Rs 1,50,000 to Rs 2,00,000 a year under the popular Section 80C scheme. 


Corporate taxes may be slated by 1.25-1.5 per cent to 28.75-28.5 per cent in the budget 2017 and exemptions may be removed. Coming to Railways passengers may have to pay more as specific cess on train tickets to fund the Rs 1.20 lakh crore safety fund-- Rashtriya Rail Sanraksha Kosh may be imposed. 


On Agriculture front Government may announce big sops to farmers. Already Government waived of interest for 60 days on existing farm loans for the latest kharif and rabi crops. In Manufacturing sector, Government may come with tax benefits for the labour-intensive leather, gems and jewellery sectors to promote Make In India. 


Finance Minister may come with a proposal to increase Foreign Inflows in form of foreign direct investors (FDI), venture capitalists (VCs), private equity (PE) firms and angel investors. Finance minister Arun Jaitley is expected to announce initiatives to empower the country's Start Ups, including widening of the tax-free regime to five years from three years and faster procedural clearances to promte Start Up India.


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