India's Annual Budget 2017: Who Stands to Benefit?

The Finance Minister's budget aims to support rural communities with increased infrastructure and welfare spending, job training, and loans for farmers. Tax cuts are introduced for individuals earning under ₹500,000 and companies with a turnover under 500 million rupees, impacting 96% of registered companies. The budget also boosts the housing sector, especially for poorer communities. The rural voter base, crucial for Modi's election, is a focus, with upcoming state elections in mind. The budget is funded by a projected 13% increase in tax receipts, despite a dip in non-tax revenue.

What measures were promised by the finance minister to help rural communities?

What tax cuts were proposed for individuals and companies in the budget?

What impact did the ban on high denomination notes have on rural communities?

What is the significance of the upcoming state elections in relation to the budget?

How will the budget deficit be funded according to the government's forecast?