- Household savings: Arun Jaitley raises exemption limit, introduces KVP, hikes PPF cap to boost savingsNarendra Modi budgets for economic growth, eschews radical reforms; fiscal deficit plans questionedGovt will not rely on retro tax amendment, says Arun Jaitley in Budget speechBudget impact: Mobile phone prices may go up
in Telangana and Haryana. Besides, R100 crore would be set aside to establish Agri-Tech Infrastructure Fund.
Expressing concerns over deteriorating soil health, Jaitley said the government will launch a R100-crore scheme to provide every farmer with a soil health card. An additional R56 crore will be provided for setting up 100 Mobile Soil Testing Laboratories across the country. Other proposals include R100 crore for National Adaptation Fund and R200 crore to supplement Nabard’s producer organisation development fund.