Union Budget 2018: Key Highlights-DOWNLOAD PDF also

Union Budget 2018: Key Highlights 

·     ·         Finance Minister Arun Jaitley unveiled his last full Budget in Parliament today. Markets compiles the highlights that may matter to you. 

                                                  

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Finance Minister Arun Jaitley starts presenting the budget 2018-19. 

 Promised to reduce poverty, expedite infra creation.

 
 Achieved 7.5% average growth in first 3 years of NDA government. 

 Manufacturing sector is back on growth path. 

 6.3% GDP growth signalled turnaround in economy

Export expected to grow at 15% in FY18.

 DBT has reduced corruption & cost of delivery. 

Focus is now on ease on living after ease of doing business. 

On track for GDP growth of over 8%. 

 Emphasis on generating higher income for the farmers. 

MSP for Kharif crops to be 1.5X of cost of produce. 

 Want farmers to earn 1.5x the cost of their produce. 

 Setting up an agricultural market fund with corpus of Rs 2,000 crore. 

eNAM to be exempted from APMC regulation. 

Allocation to food processing to be doubled from Rs 715 crore last year to Rs 1400 crore in 2018-19. 

 Food processing industry growing at average 8% per annum.

470 APMCs connected to eNAM. 

Government proposes to launch Operation Green for which sum of Rs 500 crore will be allocated. 

Allocate Rs 10,000 crore for fisheries, aqua cultural and animal husbandry funds. 

 Allocate Rs 1,290 crore to National Bamboo Mission. 

8 crore poor families will be given free gas connection under Ujjwala Scheme. 

 Proposes to extend Kisan Credit Card to fisheries & animal husbandry farmers. 

 Targets constructing 2 crore Toilets in FY19. 

Allocate Rs 16,000 crore to Pradhan Mantri Saubhagya Yojana. 

 To initiate special integrated B-Ed programme to teachers. 

 Railway University to be set-up at Vadodara. 

Total investment of Rs 1 lakh crore for RISE. 

Two new Planning & Architecture schools to be set-up in IITs. 

 Allocate Rs 1,200 crore for Specialised Health Wellness Centre. 

Government allots Rs 9,975 crore for social security schemes. 

 National Health Protection Scheme for 10 crore poor families. 

 PMJBY to be expanded to all poor households. 

Rs 5 lakh medical insurance cover per year for 10 crore families across the country. 

Ayushman Bharat Programme a move towards Universal Health Care Coverage. 

Rs 16,730 crore allocated for rural sanitation. 

Will soon announce measures for SME NPAs. 

Target Mudra Loans for Rs 3 lakh crore next FY. 

Govt to establish a dedicated affordable housing fund under National Housing Bank for priority sector lending.

Setting up 24 new Government medical colleges. 

MSMEs sector gets Rs 3,794 crore in the form of capital support and interest subsidy. 

Need investment of Rs 50 lakh crore for infrastructure sector. 

99 cities selected under Smart City Mission. 

Proposed construction of tunnels under the SELA Pass. 

Highway construction will exceed 9000 km by end of FY18. 

Significant movement in achievement of the railways. 

Railway Capex for FY19 at Rs 1.48 lakh crore. 

Confident of completing 9000 kms national highways to be by 2018-19. 

Allocate Rs 17,000 crore for Bengaluru metro network 

Allocate Rs 11,000 crore for Mumbai rail Network. 

 99 smart cities have been selected with an outlay Rs 2.04 lakh crore. 

Govt to eliminate 4267 unmanned rail crossings in broad gauge in 2 years. 

Allocated Rs 60 crore to kick start the airport expansion.

 Allocation to Digital India doubled to Rs 373 crore. 

SEBI to mull asking large companies to meet 25% debt from bond market. 

 Government to explore use of Block Chain Technology for payments. 

Government to evolve a scheme to assign a Unique ID for companies. 

PSU bank recap will allow banks to give additional lending of Rs 5 lakh crore. 

Salary of President raised to Rs 5 lakh. 

Allocate Rs 150 crore for commemoration of Mahatma Gandhi. 

Law to be introduced to fix MPs' salary every 5 years indexed to inflation. 

Proposes inflation-linked revision of salary of Members of Parliament. 

 FY19 fiscal Deficit target at 3.3% of GDP. 

85.51 lakh new taxpayers have filed returns for FY17. 

Direct taxes growth at 12.6% this year. 

Revised fiscal deficit target of 3.5% of GDP at Rs 5.95 lakh crore for the current fiscal. 

Footwear & leather industry to get benefits extended to Apparel industry. 

Corporate tax for companies with turnover up to Rs 250 crore cut to 25%. 

Government will aim to lower debt to GDP ratio to 40%. 

No change in Personal income tax structure. 

Standard deduction of Rs 40,000 for salaried taxpayers. 

To set up comprehensive gold policy; to revamp Gold Monetisation Scheme. 

Number of tax payers increased to 8.27 crore from 6.47 crore. 

Deduction for senior citizens with critical illness raise to Rs 1 lakh. 

100% tax deduction to companies with revenue of Rs 100 crore registered as farmer producers.

Rs 19,000 crore revenue loss on Direct tax. 

 Government levies long-term capital gains tax of 10% for over Rs 1 lakh investment. 

Short-term capital gains tax continues to be 15%. 

Propose next Financial Year health, education cess at 4%. 

Propose to amend income tax act for electronic assessments. 

Propose to cut import duty on raw cashews to 2.5% from 5%. 

FM announced 2 defence industrial production corridors to be set up 

NHAI to make use of Toll-Operate-Transfer model & InvITs to mobilise funds 

Tourist facilities to be upgraded at 210 important monuments 

SAILENT FEATURES OF FINANCE BILL 2018 : http://news99pc.blogspot.in/2018/02/salient-features-of-finance-bill-2018-NEWS99PC.BLOGSPOTCOM.html


NOW YOU CAN DOWNLOAD THE PDF FORMAT OF UNION BUDGET  2018 - 19 HERE 

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http://www.thehindu.com/news/resources/article22619636.ece/BINARY/Highlights%20of%20Union%20Budget%202018-19

railway budget 2018 :
http://news99pc.blogspot.in/2018/02/railway-budget-2018.html