The Union Budget of India for the 2016-17 fiscal year was presented. Some key points: The budget keeps accounts of the government's finances from April 1 to March 31 each year and includes a revenue budget and capital budget. Revenue budget covers tax and non-tax receipts as well as revenue expenditure for daily functioning. There were no changes to income tax slabs but some relief for small taxpayers. Infrastructure development was emphasized with increased allocations to roads, highways, and other sectors. Agricultural support was increased along with irrigation targets and crop insurance. The budget aims to balance economic growth with equitable resource distribution through effective implementation.