finance secretariat will assist all stakeholders for more private investment in infrastructure harmonized master list of infra to be reviewed by an expert committee for recommending classification financing fwkcapital outlay of rs 204 lakh crores for railways this highest ever outlay is about 9 times the outlay in 201314 urban infrastructure development fund to be established through priority sector lending shortfall to be managed by national housing bank to be used by public agencies to create urban infra in tier2 and tier3 cities 100 labs for developing apps using 5g services will be set up in engineering institutions to realize new range of opportunities business models employment potential labs will cover among others apps like smart classrooms precision farming intelligent transports systems states and cities to be encouraged to undertake urban planning reforms and actions to transform our cities into sustainable cities of tomorrow cities will be incentivized through property tax governance reforms and ring fencing user charges to improve their creditworthiness for municipal bondsfor business establishments required to have permanent account number pan to be used as common identifier of all digital systems of specified govt agencies this will bring ease of doing businessone stop solution for reconciliation and updating of identity and address of individuals maintained by various govt entities to be set up using digilocker services and aadhaar as foundational identities personal incometax for the hardworking middle class currently those with an income of rs 5 lakhs do not pay any income tax and i proposed to increase the rebate limit to rs 7 lakhs in the new tax regime