LIVE: Union Budget 2018

New Delhi: The Finance Minister Mr. Arun Jaitley presenting Union Budget 2018. The last full-fledged budget of the Narendra Modi-led government and the first one after GST rollout is much anticipated. With the day finally arriving today, speculation about Union Budget 2018 is rife across the country. Various sectors such as e-commerce, health, agriculture, education, Information Technology (IT), and manufacturing among others expect major policy initiatives which will drive growth and support development and expansion.

  • Standard deduction of Rs 40,000 for salaried employees in lieu of transport and medical expenses
  • Demonetisation was received by honest tax-payers as ‘Imaandari ka Utsav’
  • The Govt is proposing changes in refixing salaries of Members of Parliament. Law will provide automatic revision of emoluments of the MPs every 5 years indexed to inflation
  • Emoluments of the President to be revised to Rs 5 lakh per month & emoluments of the Vice-president to be revised to Rs 4 lakh per month
  • Gold monetisation scheme being revamped so that people can open gold deposit accounts in a hassle-free manner
  • Tax payer base has risen from 6.47 crore in 2014-15 to 8.27 crore in 2016-17.
  • Propose 100% tax rebate for farmer producer companies having a turnover of Rs. 100 crore
  • Propose to extend 25% corporate tax rate to companies with revenue up to Rs 250 crore
  • For senior citizens, exemption of interest income on bank deposits raised to Rs 50,000
  • All railways stations with more than 25,000 footfall to have escalators. All railways stations and trains to have Wi-Fi and CCTVs progressively: Arun Jaitley
  • Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets: FM Jaitley #UnionBudget2018
  • Indian economy is on course to achieve high growth of 8 %. Economy to grow at 7.2-7.5% in second half of 2018-19: FM Jaitley #UnionBudget2018
  • India’s Direct Benefit Transfer scheme is a global success story:FM Jaitley
  • Indian economy has performed very well since our Govt took over in may 2014, It is now the seventh largest in the world: FM Jaitley #UnionBudget2018
  • Indian economy is on course to achieve high growth of 8 %. Economy to grow at 7.2-7.5% in second half of 2018-19: FM Jaitley #UnionBudget2018
  • #Budget2018 will work with states to provide more resources to improve quality of education: FM Arun Jaitley
  • Desh mein krishi utpadan record star par hai, 2022 tak kisaano ki aay dugni karenge: FM Jaitley #UnionBudget2018
  • From ease of doing business, our government has moved to ease of living for the poor and middle class: FM Jaitley #UnionBudget2018
  • The focus is on low-cost farming, higher MSP. Emphasis is on generating farm & non-farm employment for farmers: FM Jaitley
  • I am very happy to announce that minimum support price has been set at 1.5 times the production cost for kharif crops: FM #UnionBudget2018
  • Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets: FM Jaitley #UnionBudget2018
  • India’s Direct Benefit Transfer scheme is a global success story:FM Jaitley #UnionBudget2018
  • Government proposes to launch ‘Operation Greens’ on the lines of Operation Flood’: FM Arun Jaitley #UnionBudget2018
  • Propose launch of a restructure national bamboo mission with Rs 1200 crore,10,000 crore has been allocated to fisheries and animal husbandry sector: FM Jaitley #UnionBudget2018
  • Proposed to raise institutional credit for agriculture to Rs 11 Lakh Crore for 2018-19: FM Jaitley
  • Air Pollution in Delhi NCR is a cause for concern, special scheme will be implemented to support Govts of Haryana, Punjab,UP and Delhi NCT to address it and subsidize machinery for management of crop residue: FM Jaitley #UnionBudget2018
  • Govt proposes to increase the target of providing free LPG connections to 8 crore to poor women: FM Jaitley #UnionBudget2018
  • Govt plans to construct 2 crore more toilets under Swachh Bharat Mission: Arun Jaitley #UnionBudget2018

This post was last modified on February 1, 2018, 12:47 pm