Highlights of Union Budget 2017-18 - Point 8

1. FDI policy reforms - more than 90% of FDI inflows are now automated. 2. Shares of Railway PSE like IRCTC will be listed on stock exchanges. 3. Bill on resolution of financial firms will be introduced in this session of Parliament. 4. Foreign Investment Promotion Board will be abolished. 5. Revised mechanism to ensure time-bound listing of CPSEs. 6. Computer emergency response team for financial sector will be formed. 7. Pradhan Mantri Mudra Yojana lending target fixed at Rs 2.44 lakh crore for 2017-18. 8. Digital India - BHIM app will unleash mobile phone revolution. The government will introduce two schemes to promote BHIM App - referral bonus for the users and cash back for the traders. 9. Negotiable Instruments Act might be amended. 10. DBT to LPG consumers , Chandigarh is kerosene-free, 84 government schemes are on the DBT platform. 11. Head post office as the central office for rendering passport service. 12. Easy online booking system for Army and other defence personnel. 13. For big-time offences - including economic offenders fleeing India, the government will introduce legislative change or introduce law to confiscate the assets of these people within the country.

Date: 01/02/2017/ Source: The Hindu