https://www.taxtmi.com/news?id=17392 The budget sets fiscal targets-fiscal deficit at 3.2% of GDP and revenue deficit at 1.9%-and allocates Rs. 21.47 lakh crores for 2017-18 with specified transfers to States and sectoral funding. It announces institutional reforms including abolition of the Foreign Investment Promotion Board, time bound listing mechanisms and a new ETF for CPSEs, permitting Security Receipt trading, expanded QIB status to systemically important NBFCs, a Payments Regulatory Board, a financial-sector CERT, bank recapitalisation funding, and legislative amendments for arbitration and illicit deposit schemes. Digitisation, rural, infrastructure, and social-sector programmes receive targeted allocations and new schemes. en-us Wed, 01 Feb 2017 14:52:08 +0530 Wed, 11 Feb 2026 15:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17392 The budget sets fiscal targets-fiscal deficit at 3.2% of GDP and revenue deficit at 1.9%-and allocates Rs. 21.47 lakh crores for 2017-18 with specified transfers to States and sectoral funding. It announces institutional reforms including abolition of the Foreign Investment Promotion Board, time bound listing mechanisms and a new ETF for CPSEs, permitting Security Receipt trading, expanded QIB status to systemically important NBFCs, a Payments Regulatory Board, a financial-sector CERT, bank recapitalisation funding, and legislative amendments for arbitration and illicit deposit schemes. Digitisation, rural, infrastructure, and social-sector programmes receive targeted allocations and new schemes. News - Wed, 01 Feb 2017 14:52:08 +0530 https://www.taxtmi.com/news?id=17392