* Total expenditure in Budget for 2017-18 has been placed at ₹21.47 lakh crores and this is expected to have multiplier effects and lead to higher growth.

* The total resources being transferred to the States and the Union Territories with Legislatures is ₹4.11 lakh crores in 2017-18, as against ₹3.60 lakh crores in BE 2016-17.

* Defence expenditure excluding pensions stands at ₹2,74,114 crore.

* For the first time, a consolidated Outcome Budget, covering all Ministries and Departments, is being laid along with the General Budget.

* Revenue Deficit for next year is pegged at 1.9% as against 2% mandated by the FRBM Act.

* India seen as an engine of global growth and is expected to be one of the fastest growing major economies in 2017.

* Terming demonization a right cause, Finance Minister recalled Mahatma’s quote that “A right cause never fails”.

* Agenda is (TEC)- to transform the quality of governance, energise various sections of society and to clean the country from evils of corruption, black money and non-transparent political funding.

* Approach is to spend more in rural areas, on infrastructure and poverty alleviation while maintaining fiscal prudence.

* The Government will undertake a Mission Antyodaya to bring one crore households out of poverty and to make 50,000 gram panchayats poverty free by 2019, the year marking the 150th birth anniversary of Gandhiji.

* Mahila Shakti Kendras to be set up at village level.

* Budget for the welfare of Women and Children stepped up from ₹1,56,528 crores to ₹1,84,632 crores in 2017-18.

* Allocation for infrastructure development in 2017-18 is ₹3,96,135 crores.

* Railways expenditure will be ₹1,31,000 crores, ₹55,000 crores to be provided by the Government.

* Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18.

* Further liberalisation of FDI policy is under consideration.

* Government decided to abolish the Foreign Investment Promotion Board FIPB in 2017-18.

* An integrated Public Sector ‘Oil Major’, to match the performance of huge international and domestic private sector oil and gas companies, is proposed.

* The shares of Railway PSEs like IRCTC, IRFC and IRCON will be listed in stock exchanges.

* The Finance Minister announced that a new ETF with diversified CPSE stocks and other Government holdings will be launched in 2017-18.

* ₹10,000 crores is provided for recapitalization of Banks in 2017-18. The Finance Minister says that an additional allocation will be provided, as may be required.

* For  the The Pradhan Mantri Mudra Yojana the lending  target has been set at ₹2.44 lakh crores in 2017-18, doubling it from the ones in 2015-16 with priority to be given to Dalits, Tribals, Backward Classes, Minorities and Women.