• A dedicated fund to be set up by NABARD with corpus of Rs. 5,000 Crore to assure market prices to the farmers for their produce.  
• New employment scheme introduced to boost employment in Leather and Footwear Sector. 
• For senior citizens, adhaar based smart card containing their health details will be introduced. 
• Two new All India Medical Institutes (AIIMS) will be set up in States of Jharkhand and Gujarat. 
• FIPB will be abolished in 2017-18. More than 90% of FDI covered under Automatic route so FDI clearances through FIPB not required. Online reporting for FDI will improve transparency and will attract foreign investments.  
• Govt. will amend Negotiable Instruments Act to deal with cheque bouncing cases. This will prevent fraud.  
• Head post offices to be used as the front office for passport services.  
• Service charge on ticket booking on IRCTC waived. Railway tickets to become cheaper. 
• Changes in Profit linked deduction for affordable housing scheme Built up area is now? changed to Carpet Area. Rational move, many projects will now be covered under affordable housing scheme.

• Simple one page form for Individual with income up to Rs. 5 Lacs other than business income.  
• Rebate u/s 87A reduced to Rs. 2,500/- (from Rs. 5.000/-) for assessees with taxable income up to Rs. 3.5 Lacs (from Rs. 5 Lacs earlier).  
• No scrutiny for first time return filers unless in case of suspicious transactions.
• TDS exempt for income of Insurance agents upon their self declaration that the tax on? estimated total income of the relevant previous year would be nil.  
• Deduction in respect of contribution to pension scheme of Central government for? employees of Central government increased to 20% of gross total income.  
• Deduction in respect of investment made under an equity savings scheme u/s 80 CCG not allowed in case of investment made on or after 01.04.2017.

• Existing Income tax rates for Individuals or HUF or every association of persons or body of individuals, whether incorporated or not, or every association of persons having income of Rs. 2.5 lakhs to Rs. 5 lakhs is reduced to 5% from the present rate of 10%.  
• Revised tax slab for Individuals is given below:-

i.   10% of such income-tax in case total income > Rs. 50      lacs but not exceeding Rs. 1 crore; and 

ii.  15% of such income-tax in case total income exceeding Rs. 1 crore.]