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Budget 2017 for Millennials: Explained in Videos and GIFs

From lowered interest rates for education loans to cheaper railway tickets, the millennials have a wish list ready 

Updated
(Photo: The Quint)

Confusion prevailed ahead of the Budget session, with the news of the sudden demise of former Union minister and MP E Ahamed sparking reports that the Budget may be postponed by a day. However, the proceedings eventually went ahead as planned.

6:37 PM , 01 Feb

Scheme for Employment in Leather Industry

The next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) will also be launched in 2017-18 at a cost of Rs 2,200 crores

A scheme for creating employment in the leather and footwear industries along the lines in Textiles Sector to be launched

Incredible India 2.0 Campaign will be launched across the world to promote tourism and employment.

(With inputs from India Budget)

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6:13 PM , 01 Feb
4:41 PM , 01 Feb

Relax and ‘Startup’ a Company

Since its the generation which wants to work for itself and not for other bosses, the government has come up with benefits for entrepreneurs with Startups.

The profit-linked deductions will happen after seven years, instead of the earlier cap of five years.

If your company has an annual turnover till Rs 50 crore, the Income Tax has been reduced to 25 per cent from 30 per cent.

The reduction in tax benefits 96 per cent or 6.67 lakh Indian companies.
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3:53 PM , 01 Feb
Snapshot
  • This was the first Budget to be announced after demonetisation
  • Income tax rate halved from 10% to 5% for those earning between Rs 2.5 Lakh to Rs 5 Lakh
  • Launch of SWAYAM platform with 350 online courses for youth.
  • 100 India International Skills Centres will be established across India
  • Benefits for entrepreneurs with startups

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)


Published: 01 Feb 2017, 8:44 AM IST
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