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 announced in the budget to support rural communities?

• Subsidies for urban housing

• Introduction of new agricultural taxes

• Reduction in fuel prices

• Increased spending on infrastructure and social welfare

Which group of companies will benefit from the tax cuts announced in the budget?

• Companies with a turnover of more than 500 million Indian rupees

• Companies with a turnover of less than 500 million Indian rupees

• All multinational corporations

• Only government-owned companies

Why is there a focus on rural voters in the budget?

• They are the primary contributors to the national GDP

• They were unaffected by the ban on high denomination notes

• They played a significant role in Modi's initial election and upcoming state elections

• They are the largest urban population

How does the government plan to fund the increased spending in the budget?

• By selling government assets

• By increasing tax collections

• By increasing foreign loans

• By reducing public sector wages

What is the expected percentage increase in tax collections according to the government's forecast?

• 20%

• 15%

• 13%

• 10%