Good morning. I will be manning the live blog for the budget. Tweet to us if you want to add something to the live blog. You can also stream the budget live here. 12:42: Tax exemption on devices like POS machines, Iris scanners, that contribute to the digital economy. 12:41: No transaction above Rs 3 lakh to be allowed in cash. 12:27: During the demonetization period deposits of more than Rs 80 lakh was made in more than 1.48 lakh bank accounts. Data mining on these accounts will be done to increase tax net. Only 1.72 lakhs people show income above Rs 50 lakh. But 1.2 cr cars sold. We are largely a tax non compliant society #Budget2017 — Joel Rebello (@joel_rebET) February 1, 2017 12:17: Soldiers can now book tickets online. Defense pensioners will have centralised systems. #Buget2017 — FactorDaily (@factordaily) February 1, 2017 12:15: Payments and settlements Act 20017 will be amended and a payments regulator will be set up following recommendations of the Watal Committee report. 12:11: Aadhaar pay to be launched shortly. Banks will launch 10 lakh new POS terminals by March 2017 & 20 lakh Aadhaar POS by September 2017. Aadhaar pay to be launched shortly. Banks will launch 10 lakh new POS terminals by March 2017 & 20 lakh Aadhaar POS by Sep 2017. #Budget2017 — FactorDaily (@factordaily) February 1, 2017 12:06: BHIM app will have cashback schemes and referral discounts. The BHIM app has been used by 125 lakh people so far says FM.…
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