Budget in 2 minutes

A snapshot of all you need to know about key announcements in Budget 2017

Excise and service tax left untouched in light of GST
 
The finance minister said Implementation of GST will bring more taxes to the Central and state governments because of the widening of the tax net, adding that he had preferred not to make many changes in the current regime of excise and service tax because these are soon to be replaced by GST.
 
FPIs to be exempt from transfer provisions
 
The government will exempt Foreign Portfolio Investors (FPIs) Category I & II from indirect transfer provisions. Such provisions will also not apply in case of redemption of