On, 1 February 2017, Arun Jaitley Finance Minister of India presented the Union Budget of India for the fiscal year 2017-18. The Union Budget use to happen later at the end of February. But this time it was held on the very first day of February. This Union Budget was so important to look for a lot of people as India went from a phase of demonetization of Rs.500 and Rs.1000 currency. What reduction will be done in taxes to help people.