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Finance Minister Arun Jaitley with Minister of State Jayant Sinha and Finance Secretary Ratan Watal leaving the Finance Ministry to present the Union Budget 2016-17 in Parliament House, in the Capital on February 29 , 2016. Photo: Ramesh Sharma

In 'farm' Jaitley reaches out to all

Presenting his third Budget, Finance Minister Arun Jaitley made no changes in the personal or corporate income-tax slabs but made costlier several items by raising duties. The Budget brought in a new 0.5 per cent Krishi Kalyan Cess on all taxable services to fund agriculture while proposing a retirement tax on 60 per cent of the pension and provident fund corpus including EPF created after April 1, 2016.