Search your Topic HERE....

February 01, 2018

Union Budget 2018 Highlights - Pdf Download

sponsored links

The Union Finance Minister Arun Jaitley today presented the Union Budget 2018 today. This is his 5th Budget and the last full Union Budget of the Narendra Modi-led central government in its present term. Ahead of the 2019 Lok Sabha polls, this budget is very crucial for the government. This is the 1st budget after GST (Goods and Services Tax) and the 2nd one after Demonetization. You can download  the Union Budget 2018 in PDF Format from below link. All the Best :)

Download PDF Version of Union Budget 2018 Highlights from HERE

Key Focus Areas of Union Budget 2018 :
  • Agriculture and Health Sectors dominated the Budget speech. Employment and Education are also the main focussed areas.
Winners of Union Budget 2018 :
  • Farmers : MSP raised, Heavy investment in Agricultural Markets.
  • Health Care Providers : National Health Protection Scheme.
  • Transport Companies : Record infrastructure spending on roads and railways.
  • Consumer Companies : Boosted spending on India's vast hinterland.
  • Airports : Regional Airport construction.
  • Jewelers : Boosting rural and farm incomes.
Losers of Union Budget 2018 :
  • Mobile Phones : Custom duty hike.
  • Salaried Class :10% LTCG tax on gains above 1 Lakh and No change in income tax rates.
  • Bond Investors : India missed its fiscal deficit target of 3.2 percent, saying its targeting a 3.5 percent target for fiscal 2019.
  • Defence Sector : There was no indication of a huge boost to defense spending.
  • Consumers : Increased existing health and education levy to 4 percent from 3 percent. 

Important Highlights of Union Budget 2018

  • 5 lakh WiFi hotspots will be set up in rural areas to provide easy internet access.
  • Air pollution in Delhi-NCR has been a cause of concern, govt has proposed subsidised machinery for in-situ management of crop residue in Punjab, Haryana, Uttar Pradesh and NCT Delhi.
  • Airport capacity to be hiked to handle 1 billion trips every year.
  • All railways stations with footfall more than 25,000 to have escalators, says the Finance Minister.
  • Arun Jaitey recalls the measures -- like GST, FDI, demonetisation, etc. -- taken by the NDA government in the past four years that have impacted the economy of the country.
  • Arun Jaitley announces capital expenditure of Rs 1,48,528 crore for Indian Railways in 2018-19.
  • Arun Jaitley on Minimum Support Price of agricultural products: Only increasing the MSP is not enough, the government will fix the MSP of agricultural products at 1.5 times the market rate.
  • Arun Jaitley proposed to tax long term capital gains exceeding Rs 1 lakh at 10 per cent without indexation.
  • Arun Jaitley proposes a sum of Rs 500 crore for 'Operation Green' on the lines of 'Operation Flood'.
  • Arun Jaitley says that 4,000 km of new railway track will be laid down by 2019.
  • Arun Jaitley says that the government does not propose any changes in tax slabs for the salaried class this year.
  • Budget allocates money for social security and protection programme for all widows and orphaned children.
  • Jaitley proposes revising emoluments as per the following structure:
    • Rs 5 lakh for the President of India
    • Rs 4 lakh for the Vice President
    • Rs 3.5 lakh for the Governors
  • Companies with turnover of up to Rs 250 crore to be taxed at 25 per cent: FM
  • Disinvestment target for 2017-18 has been exceeded and will reach Rs 1 lakh crore. Target for 2018-19 is Rs 80,000 crore.
  • Eklavya schools to be started for Scheduled Tribe populations: Finance Minister
  • Electronic IT assessment will be rolled out across the country, leading to greater efficiency and transparency: FM
  • FM Jaitley proposes to introduce tax on distributed income by equity oriented mutual funds at 10 per cent.
  • FM proposes a fiscal deficit of 3.3% of GDP for 2018-19.
  • Food processing sector is going at an average of 8 per cent per annum.
  • For senior citizens, exemption of interest income on bank deposits raised to Rs 50,000: FM Jaitley
  • Government aims to bring 60 crore bank accounts under the Jan Dhan Yojana.
  • Government to contribute 12 per cent of EPF contribution for new employees in all sectors: FM
  • Government will take all steps to eliminate use of cryptocurrencies which are funding illegitimate transactions.
  • Govt announces Amrut program to focus on water supply to all households in 500 cities. Water supply contracts for 494 projects worth Rs 19,428 core will be awarded: FM
  • Govt makes PAN mandatory for any entity entering into a financial transaction of Rs 2.5 lakh or more.
  • Govt of India will take necessary measures to put in place measures for the state government to purchase surplus solar power produced by local farmers at sutiable prices.
  • Govt will launch health scheme to cover 10 crore poor families, Arun Jaitley says.
  • Govt will set up two new Schools of Planning and Architecture, says Finance Minister Jaitley.
  • Govt's health scheme to cover 10 crore poor families is world's largest government-funded health protection scheme.
  • Health and education cess has been increased to 4 per cent.
  • Indian economy has performed very well since our government took over in May 2014, says Arun Jaitley.
  • Infrastructure is the growth driver of economy: Jaitley
  • Jaitley also proposes automatic revision of emoluments of Parliamentarians every five years, indexed to inflation.
  • Jaitley proposed integrated BEd programme for teachers: "training of teachers during service is essential." Technology will be the biggest driver in improving the quality of education.
  • Mobile phones set to become costlier as custom duty on them has been increased to 20 per cent.
  • MSME enterprises are a major element for growth, says Jaitley. He also added that mass formalisation of MSME sector is happening after demonetisation and GST.
  • Mumbai transport receives Rs 40,000 crore.
  • National Heritage City Development Augmentation Scheme has been undertaken to preserve and protect heritage cities in the country, announces the Finance Minister.
  • NITI Aayog will establish a national programme to direct our efforts in the area of Artificial Intelligence towards national development: FM
  • Our emphasis is on generating higher benefits and productive employment for the farmers: Jaitley while addressing the agricultural sector in his Budget speech 2018.
  • Our government has worked sincerely, and without weighing the political costs, hoping that benefits are delivered to people at their doorsteps. The Direct Benefit Transfer system of India is a success story that is reiterated across the world: Jaitley.
  • PAN to be used as Unique Entity Number for non- individuals from April 1.
  • Prime Minister Narendra Modi praises his finance minister Arun Jaitley for delivering a budget that is "farmer friendly, common citizen friendly, business environment-friendly and development friendly."
  • Rs 600 crore allocated to Tuberculosis patients undergoing treatment.
  • Specialised railway university to be set up at Vadodara.
  • Standard deduction of Rs 40,000 for salaried employees in lieu of transport and medical expenses: FM Jaitley
  • Target of 3 lakh crore for lending under PM Mudra Yojana: FM
  • The finance minister also pointed out that India is one of the fastest-growing economies in the world.
  • The Government is slowly but steadily progressing towards universal health coverage: FM
  • The government will undertake redevelopment of 600 major railway stations across the country.
  • This budget will accelerate economic growth, it is focused on all sectors: PM Modi
  • This year's Budget will particularly focus on agriculture, says Jaitley.
  • To tackle brain drain, Jaitley announces scheme to identify bright students pursuing B Tech in premiere engineering institutes, and providing them higher-education opportunities in the IITs and IISc. These students will receive handsome fellowships, and will be expected to dedicate a few hours to teach in higher education institutions weekly.
  • Ujjwala scheme to amplify targets, will now provide 8 crore rural women free LPG connections.
sponsored links

Related Posts Plugin for WordPress, Blogger...