<h1>2017-18 Budget: Rs. 21.47 lakh crores allocated, focus on rural development, infrastructure, and liberalizing FDI policy.</h1> The Union Finance Minister presented the 2017-18 budget, allocating Rs. 21.47 lakh crores in total expenditure. Key highlights include Rs. 4.11 lakh crores for states and union territories, Rs. 2,74,114 crores for defense excluding pensions, and Rs. 3,96,135 crores for infrastructure. The budget focuses on rural development, poverty alleviation, and infrastructure while maintaining fiscal prudence. Initiatives include Mission Antyodaya to alleviate poverty, increased allocations for women and children, and the establishment of Mahila Shakti Kendras. The government plans to abolish the Foreign Investment Promotion Board and further liberalize FDI policy. Efforts to enhance digital transactions and financial inclusion are also emphasized.