{"id":20491,"date":"2018-02-01T08:53:34","date_gmt":"2018-02-01T08:53:34","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=20491"},"modified":"2018-02-01T09:00:49","modified_gmt":"2018-02-01T09:00:49","slug":"budget-2018-19-highlights","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/budget-2018-19-highlights\/","title":{"rendered":"Budget 2018-19 Highlights"},"content":{"rendered":"<p><strong>Budget Highlights&#8230;&#8230;..<\/strong><\/p>\n<p>No change in Income Tax slabs<\/p>\n<p>* Education and health cess to be increased from 3 per cent to 4 per cent<\/p>\n<p>* Standard deduction of Rs 40,000 introduced in lieu of transport and medical reimbursements for salaried employees<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* All senior citizens can claim benefit of reduction Rs 50,000 year for any general health expenditure and health insurance premium<\/p>\n<p>* Exemption of interest income on bank deposits raised to Rs 50,000 for senior citizens <\/p>\n<p>* Long-term capital gains exceeding Rs 1 lakh to be taxed at 10 per cent<\/p>\n<p>* Electronic IT assessment will be rolled out across the country, leading to greater efficiency and transparency<\/p>\n<p>* No change in personal income tax rates for salaried class<\/p>\n<p>* Tax buoyancy more than expected, thanks to greater compliance<\/p>\n<p>* Demonetisation was received by honest tax-payers as &#8216;Imaandari ka Utsav&#8217;<\/p>\n<p>* Measures on rationalising long-term capital gains<\/p>\n<p>* Companies with turnover of upto Rs 250 crore to be taxed at 25 per cent<\/p>\n<p>* Government has identified 372 specific business reform actions to improve ease of doing business; Evaluation of performance under this programme to be based on user feedback<\/p>\n<p>* Revised fiscal deficit estimate for 2017-18 is 3.5 per cent of GDP, fiscal deficit of 3.3 per cent expected for 2018-19<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p>* 12.6 per cent growth in direct taxes in 2017-18; 18.7 per cent growth in indirect taxes in 2017-18<\/p>\n<p>* 100 per cent tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs 100 crore and above<\/p>\n<p>* Revised emoluments for President &#8211; Rs 5 lakh, Vice President &#8211; Rs 4 lakh and Governors &#8211; Rs 3.5 lakh; Automatic revision of MPs&#8217; emoluments every five years, indexed to inflation<\/p>\n<p>* UDAN (Ude Desh ka Aam Naagrik) scheme will connect 56 unserved airports and 31 unserved helipads<\/p>\n<p>* Rs 80,000 crore disinvestment target for 2018-19, target for 2017-18 has been exceeded and will reach Rs 1 lakh crore<\/p>\n<p>* Government insurance companies to be merged into a single entity, and subsequently listed in the stock exchange, as part of the disinvestment programme<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* National Logistics Portal as a single online window to link all stakeholders, to be developed by Department of Commerce<\/p>\n<p>* Foundation stone of the bullet train was laid in September 2017. An institute is coming up in Vadodara to train the manpower required for the high speed railway projects <\/p>\n<p>* 12,000 wagons, 5160 coaches and 700 locomotives being procured. There is significant achievements of physical targets by railways<\/p>\n<p>* Road construction has scaled new heights, confident that 9000 km highway construction will be complete by 2017-18<\/p>\n<p>* National Committee chaired by PM, including CMs, Gandhians and representatives from various walks of life for year-long commemoration of 150th birth anniversary of Mahatma Gandhi<\/p>\n<p>* Rs 1,48,528 crore capital expenditure for Indian Railways for 2018-19<\/p>\n<p>* All trains to be progressively provided with Wi-Fi, CCTV and other state-of-the-art amenities<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p>* NITI Aayog will establish a National Programme to direct efforts in the area of Artificial Intelligence towards national development<\/p>\n<p>* Five lakh Wi-Fi hotspots to be set up in rural areas to provide easy internet access<\/p>\n<p>* Government to take all steps to eliminate use of cryptocurrencies which are being used to fund illegitimate transactions<\/p>\n<p>* Individual enterprises too to have unique ID<\/p>\n<p>* Government plans to construct two crore more toilets under Swachh Bharat Mission<\/p>\n<p>* Rs 7,148 crore outlay for textile sector in 2018-19<\/p>\n<p>* One government medical college to be ensured for every three parliamentary constituencies by upgrading 24 district-level colleges<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* Hard work of farmers resulted in a record production of more than 275 million tonnes of foodgrain and about 300 million tonnes of horticultural produce<\/p>\n<p>* Not only focussing on &#8216;Ease of Doing Business&#8217; but also &#8216;Ease of Living&#8217;<\/p>\n<p>* 70 lakh formal jobs have been created this year. Government will contribute 12 per cent of the wages as EPF in all sectors for the next three years<\/p>\n<p>* Mass formalisation of MSME sector is happening after demonetisation and GST<\/p>\n<p>* 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 approximately 50 crore people<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* Providing Rs 5 lakh per family per year for medical reimbursement, under National Health Protection Scheme. This will be world&#8217;s largest health protection scheme<\/p>\n<p>* Government is slowly but steadily progressing towards universal health coverage<\/p>\n<p>* Air pollution in Delhi NCR is a cause for concern; special scheme will be implemented to support Haryana, Punjab, UP and Delhi NCT to address this and subsidise machinery for management of crop residue<\/p>\n<p>* Scheme for revitalising school infrastructure, with an allocation of Rs 1 lakh crore over four years. Called RISE &#8211; Revitalizing Infrastructure in School Education<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* Eklavya schools to be started for Scheduled Tribe population <\/p>\n<p>* By 2022, every block with more than 50 per cent ST population and at least 20,000 tribal people will have &#8216;Ekalavya&#8217; school at par with Navodaya Vidyalas<\/p>\n<p>* Integrated B.Ed programme to be initiated for teachers to improve quality of teachers<\/p>\n<p>* India is firmly on path to achieve 8 per cent plus growth<\/p>\n<p>* Propose to raise institutional credit for agriculture to Rs 11 lakh Crore for 2018-19<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* Rs 14.34 lakh crore to be spent for rural infrastructure<\/p>\n<p>* Eight crore free gas connections to women under UJJWALA and 4 crore electricity connections to the poor under Saubhagya Yojana<\/p>\n<p>* Fishery and Aquaculture Infrastructure Development Fund and Animal Husbandry Infrastructure Fund to be set up with corpus of Rs 10,000 crore<\/p>\n<p>* Restructured National Bamboo Mission to be launched with allocation of Rs 1,290 crore to promote sector in a holistic manner<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n* Rs 500 crore for Operation Green<\/p>\n<p>* Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets<\/p>\n<p>* 470 APMCs have been connected to #eNAM network, the rest to be connected by March 2018<\/p>\n<p>* Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost<\/p>\n<p>* From ease of doing business, government has moved to ease of living for the poor and middle class<\/p>\n<p>* Allocation in for Ministry of Food Processing is being doubled; specialised agro-processing and financial institutions to be promoted by the government<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p>* India now a $2.5 trillion economy and firmly on path to achieve 8% plus growth soon<\/p>\n<p>* Will focus on agriculture and rural economy, health, infra, senior citizens<\/p>\n<p>* Hope to grow at 7.2 per cent-7.5 per cent in the second half of 2017-18<\/p>\n<p>* Allocating natural resources in a more transparent manner, there is a premium on honesty now<\/p>\n<p>* Government led by PM Modi has implemented a series of fundamental structural reforms<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- punjabnews24 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6565419310935097\"\n     data-ad-slot=\"6948863062\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Budget Highlights&#8230;&#8230;.. No change in Income Tax slabs * Education and health cess to be increased from 3 per cent to 4 per cent * Standard deduction of Rs 40,000 introduced in lieu of transport and medical reimbursements for salaried employees * All senior citizens can claim benefit of reduction Rs 50,000 year for any [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":20494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410,312,315],"tags":[],"class_list":["post-20491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-india","category-top-stories"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/20491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=20491"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/20491\/revisions"}],"predecessor-version":[{"id":20493,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/20491\/revisions\/20493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/20494"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=20491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=20491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=20491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}