•Propose to increase the
custom duty on mobiles from 15% to 20% and on some other mobile parts to 15%,
and some parts of TVs to 15%.
• Propose to increase
the health and education cess to 4%
• Propose to tax
long term capital gains exceeding Rs 1 lakh in listed stock at 10%.
• Rs 50,000
additional benefit to senior citizens for investment in mediclaim.
• A standard
deduction of additional Rs 40,000 for salaried employees. This move will
benefit 2.5 crore taxpayers.
• No changes
in the structure of income tax of individuals.
• Rs 7000
crore will be the revenue foregone for the reduced corporate tax on MSMEs.
• I propose
to extend the benefit of the reduced corporate rate of 25% for companies with
reported turnover of up to Rs 250 crore.
• 100% tax
deduction for the first five years to companies registered as farmer producer
companies with a turnover of Rs. 100 crore and above.
• 41% more
returns were filed this year, which shows that more people have joined the tax
net.
• Demonetisation
was received by honest taxpayers as ‘Imaandaari ka utsav’.
• Revised
fiscal deficit estimate for 2017-18 is 3.5% of GDP, fiscal deficit of 3.3%
expected for 2018-19.
• Automatic
revision of MPs’ emoluments every five years, indexed to inflation.
• Emoluments
of President, Vice President and Governor being revised: Rs 5 lakh; 4 lakh; Rs
3.5 lakh per month respectively.
• Exceeded
the disinvestment target and collected Rs 1 lakh crore: FM.
• The
government insurance companies to be merged into a single entity, and
subsequently listed in the stock exchange, as part of the disinvestment
programme.
• The
government will assign every enterprise in India a unique ID on the lines of
Aadhaar.
• The
government has identified 372 basic business reform actions. Each state will
take up these reforms.
• We will
explore the use of blockchain
. • Rs 5.97 lakh
crore allocated for infrastructure spending in India.
• 5 lakh WiFi
hotspots to be set up in rural areas to provide easy Internet access.
• Redevelopment of
600 major railway stations has been taken up; Mumbai transport system is being
expanded; suburban network of 160 km planned for Bengaluru.
• The
government proposes to revamp the system of sanctioning of loans to SMEs. The
information required for sanctioning the loan will be linked with GSTN and all
required information can be fetched from GSTN Portal. It will help to grant the
loans quickly and will help in reducing processing time.
• UDAN will
connect 56 unserved airports in India.
• An
institute is coming up at Vadodara to train people for the bullet train programme.
• AMRUT
programme will focus on water supply to all households in 500 cities. Water
supply contracts for 494 projects worth 19,428 core awarded.
• Rs 1,48,528
crore is the capital expenditure for the Indian Railways for 2018-19... All
trains to be progressively provided with WiFi, CCTV and other state-of-the-art
amenities.
• Bharatmala
project approved for better road connectivity at Rs 5.35 lakh crore.
• Proposal
to develop 10 prominent tourist destinations as Iconic tourism destinations.
• Women’s
contribution reduced to 8.33% towards PF in the first 3 years for new EPF
accounts... The government will contribute 12% of EPF contribution for new
employees in all sectors.
• 70 lakh farming
jobs have been created this year, shows an independent study.
• Rs 3 lakh crore
allocated for PM MUDRA Yojana.
• The
government is slowly but steadily progressing towards universal health
coverage.
• Announce
allocation of Rs. 56,619 crore for SC welfare and Rs. 39,135 crore for ST
welfare
• Healthcare
stocks trading higher after the government said it proposed to cover 100
million families via healthcare protection scheme. Apollo Hospital Ltd rose
4.1%, Thyrocare Technologies Ltd 2.6%, Healthcare Global Enterprises Ltd rose
3%.
• Mass
formalization of MSME sector is happening after demonetization and GST.
• Total 187
projects sanctioned under the Namami Gange programme.
• 24 new
government medical colleges and hospitals to be set up by upgrading existing
district hospitals.
• Rs 600
crore for nutritional support to TB patients.
• One
medical college per every three constituency.
• Have
decided to take healthcare protection to a new aspirational level. Launching a
flagship National Health Protection Scheme to cover 10 crore poor and
vulnerable families, benefiting approx. 50 crore. Providing Rs 5 lakh per
family per year for medical reimbursement, under National Health Protection
Scheme. This will be world’s largest health protection scheme
• Rs 1200
crore for the flagship programme in health wellness centres.
• Eighteen
new schools of planning and architecure will be set up... I propose railway
university in Vodadara.
• Eklavya
schools to be started for Scheduled Tribe population... Scheme for revitalizing
school infrastructure, with an allocation of 1 lakh crore rupees over four
years. Called RISE - Revitalizing Infrastructure in School Education.
• Integrated B.Ed
programme to be initiated for teachers, to improve quality of teachers.
• Technology will
be the biggest driver in improving education.
• Rs 14.34 lakh
crore to be spent for providing livelihood to rural India through
infrastructure building.
• Loans to
self help groups will increase to Rs 75,000 crore by March 2019.
• We aim that by
2022, all poor people have a house to live in.
• In the
next financial year, we target the construction of two crore toilets.
• Removal of
crop residue to be subsidised in order to tackle the problem of pollution due
to burning of crop residue:
• Ujwala
will give 8 crore women new LPG connections.
• Special scheme
to address air pollution in Delhi-NCR region.
• Credit for
agricultural activities is up from Rs 10 lakh crore to Rs 11 lakh crore .
• Fishery and
aquaculture and animal husbandry funds with a total corpus of Rs 10,000 crore.
•
Agri-Market Development Fund with a corpus of Rs 2000 crore to be set up for
developing agricultural markets.
• Restructured
National Bamboo Mission to be launched with an allocation of Rs 1290 crore to
promote bamboo sector in a holistic manner.
• Grameen
Agricultural Market (GRAM) will provide farmers a means to sell directly to
buyers.
• Rs 500
crore announced for Operation Green.
• Allocation
to food processing ministry is being doubled from Rs 715 crore to Rs 1400
crore.
• Cluster-model
approach to be adopted for agricultural production.
• The focus is on
low-cost farming, higher MSP. Emphasis is on generating farm and non-farm
employment for farmers.
• 470 APMCs have
been connected to eNAM network, the rest to be connected by March 2018...
Agri-Market Development Fund with a corpus of 2000 crore to be set up for
developing agricultural markets
• Desh mein krishi
utpadan record star par hai, 2022 tak kisaano ki aay dugni karenge.
• Agri-related
stocks gain after it is said MSP for all crops to be increased by 1.5 times.
Kaveri Seeds Co Ltd rose 2.4%, Jain Irrigation Systems Ltd 2.1%, Escorst Ltd
rose 5%, Mahindra & Mahindra Ltd rose 2.2%.
• The government
will ensure payment of full MSP even if farmers sell below MSP.
• The Minimum
Support Price of all crops shall be increased to at least 1.5 times that of the
production cost.
• Our
government has ensured that services and benefits reach people directly. The
direct benefit transfer in India is the biggest such exercise in the
world.
• Maximum
governance, minimum government has ensured India has climbed 42 places in the
ease of doing business... We are now working toward easing of living in
India
• Budget 2018 will
focus on agriculture and rural economy, health, infra, senior citizens: FM
• This
year’s budget will focus on strengthening rural and agricultural economy.
• India grew at an
average of 7.5% in the first three years since 2014. It is now a 2.5 trillion
dollar economy.
• All the
structural reforms will help the economy in the short and longterm... India is
expected to become the fifth largest economy very soon.
• Our
government has implemented structural reforms.
• India
stands out as the fastest growing economy in the world... There is a premium on
honesty.
• Finance
minister Arun Jaitley begins his Budget speech.
MORE WILL UPDATE
SOON!!
0 comments:
Post a Comment