Key Highlights Of Marriage Ceremony Budget 2018-19

Finance Minister Arun Jaitley today presented the Union Budget 2018-19 in Parliament. This budget, Jaitley’s fifth,  is the final total budget of this NDA authorities earlier Republic of Republic of India goes to polls for the General Elections inward 2019. This is the starting fourth dimension budget afterwards big-ticket economical reforms similar the Goods together with Services Tax, dynamic fuel pricing, mega PSU banking concern recapitalisation together with more. Here are unopen to important highlights of Union Budget 2018.

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Major Highlights of Union Budget 2018-19

  • 10 tourist cities to hold out developed into iconic tourist destinations.
  • 10% revenue enhancement on distributed income of equity oriented usual funds.
  • 100% revenue enhancement deduction for farmer production firms alongside 100 cr turnover..
  • 142 cities cause got got investment degree ratings.
  • 150 km additional suburban railway network at the toll of Rs. 40,000 cr.
  • 2 major initiatives equally purpose of Ayushman Bharat program.
  • 24 novel govt medical college & hospitals.
  • 24 Public Sector Units to hold out divested.
  • 4% wellness together with pedagogy cess; currently it’s 3%.
  • 5 lakh WiFi spots for produce goodness of v crore rural citizens.
  • 600 railway stations to hold out redeveloped.
  • 8 crore rural women to larn gratuitous gas connecter through Ujjwala yojana.
  • Airport capacity to hold out hiked to grip 1 billion trips per year.
  • All trains to increasingly cause got WiFi & CCTVs.
  • Allocation for national livelihood mission: Rs. 5750 crore.
  • Automatic revision of MPs’ emoluments every v yrs indexed to inflation.
  • Bank recap to attention banks lend additional Rs. v lakh crore.
  • Benefit of reduced corporate charge per unit of measurement of 25% to firms alongside 250 cr turnover.
  • Cash payments of over Rs. 10,000 past times trusts, institutions to hold out disallowed.
  • Contribution from women to EPF to hold out brought downwardly from 12% to 8%
  • Credit for agricultural activities: From 10 lakh cr to eleven lakh cr.
  • Customs duty increased on mobile phones from 15% to 20%.
  • Customs duty on raw cashew cutting shape 5% to 2.5%.
  • Disinvestment target of Rs. 80,000 crore for 2018-19.
  • Effective revenue enhancement payers at nowadays 8.27 crore.
  • Eklavya schools for tribal children.
  • Excess revenue collected from personal income revenue enhancement amounts to 90,000 cr.
  • Fiscal deficit target for adjacent fiscal: 3.3%.
  • Fiscal deficit target of 3.5% inward 2017-18.
  • For SCs: 279 programs, resources allotment of Rs. 52,719 crore.
  • For senior citizens, no TDS on FD, Post Office involvement upto Rs. 50,000.
  • For sr citizen,limit for investment inward LIC schemes doubled to Rs. xv lakh.
  • For STs: 305 programs, resources allotment of Rs. 32,508 crore.
  • Global economic scheme is transforming into digital economy.
  • Government to accept all steps to eliminate usage of cryptocurrencies.
  • Govt volition contribute 12% of reward of novel employees to EPF for three yrs.
  • Govt volition expand coverage nether Pradhan Mantri jan dhan yojana.
  • Health embrace of upwards to v lakh per identify unit of measurement per twelvemonth for pitiful & vulnerable.
  • In final three years, publish of steps for generation of employment.
  • Kisan credit carte to hold out extended to fisheries,animal husbandry farmers.
  • Long term working capital alphabetic quality gains over Rs. 1 lakh to hold out taxed at the charge per unit of measurement of 10%.
  • Moving from blackboard to digital board.
  • National wellness protection scheme to produce goodness l crore people.
  • National wellness protection scheme to embrace 10 cr pitiful families
  • National programme to at in ane lawsuit efforts inward Artificial Intelligence.
  • New electronic assessment scheme to eliminate person-to-person contact.
  • No alter inward personal income tax..
  • Operation Green resources allotment Rs. 500 crore.
  • Over 3600 km railway rail renovation targeted inward electrical current year.
  • Over Rs. 1.48 lakh cr to hold out allocated for railways inward adjacent fiscal.
  • President’s emolument raised to Rs. v lakh, VP’s to Rs four lakh.
  • Proposal for railway academy inward Vadodara.
  • Regional air connectivity scheme shall connect 56 unserved airports.
  • Relief for salaried taxpayers: Standard deduction of Rs. 40,000.
  • Rs. 1 lakh crore over four years for first for infra inward education.
  • Rs. 10,000 cr for fishery evolution fund together with beast husbandry fund.
  • Rs. 1200 crore for wellness together with wellness centres
  • Rs. 1290 crore resources allotment for bamboo sector.
  • Rs. 600 crore for nutritional back upwards to all TB patients.
  • Rs. 7148 crore resources allotment for stuff sector.
  • Senior citizens tin post away claim 50,000 cr for full general medical expenditure.
  • Smart City mission: 99 cities selected alongside outlay of Rs. 2.04 lakh crore.
  • Special scheme to address air pollution inward NCR region.
  • Standard deduction for transport, medical reimbursement
  • Standard deduction to produce goodness 2.5 crore people.
  • Standard deduction to produce goodness pensioners also.
  • System of toll payment past times cash beingness replaced past times electronic payments.
  • Target of Rs. three lakh crore for lending nether PM MUDRA Yojana.
  • Training for l lakh youth past times 2020.
  • We cause got exceeded our disinvestment target this year..
  • Will found dedicated affordable housing fund.
  • Will process pedagogy holistically without segmentation.

Major Promises of Union Budget 2018-19 

Education

Swachh Bharat Mission

Irrigation

Self Help Groups

Provident Fund

LPG Subsidy

Digital India

Cryptocurrencies

Research

Railways

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