Total allocation for infrastructure stands at a record level Rs 3,96,135 crore in 2017-18Rail safety fund with a corpus of Rs 100,000 crore to be created over a period of 5 years.Defence sector gets an allocation of Rs. 2.74,114 crore.Cash dealings above Rs 3 lakh banned from April 1.Rs 1.84 lakh cr allocated for women, child initiatives.In the road sector, the budget allocation for the National Highways is stepped up to Rs 64,000 crore in 2017-18.The government proposes to establish a National Testing Agency as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutions to free CBSE, AICTE and other premier institutions from administrative responsibilities so that they can focus more on academics.
