01 February 2018

Highlights of the Union Budget for 2018-19


Highlights of the Union Budget for 2018-19 (Apr-Mar)





MACROECONOMY MATTERS



* Govt has implemented fundamental structural reforms
* India stands out as the fastest growing economy in world
* Promised to reduce poverty, build strong India
* Direct transfer mechanism is a global success story
* Will focus on health, infrastructure, senior citizens
* Focus on 'ease of living' for common man
* To move ahead on ease-of-doing business
* This Budget to consolidate gains of last 4 years' budgets
* Demonetisation has reduced cash in circulation
* Recapitalised banks have better capacity to support growth
* Indirect tax system made simpler with GST
* FDI increased due to govt actions
* Manufacturing sector back on growth path
* There's a premium on honesty because of govt's reforms
* Firmly on course to achieve 8% plus growth
* India to become fifth largest economy very soon
* India a $2.5-trln economy now
* Achieved average 7.5% growth in first 3 years of govt

AGRICULTURE
* FY19 Budget aims to strengthen agri, rural economy
* Seek paradigm shift to double farmers' income by 2022
* Govt committed to welfare of farmers
* Govt to create mechanism for post harvest facilities
* MSP hikes not enough, farmers must be able to get benefits
* Next kharif crop MSP to be at least 1.5 times of cost
* Emphasis on generating gainful farm, non-farm jobs
* Focus on low-cost farming, higher selling price
* Institutional system for farm goods price, demand forecast
* NITI Aayog to make robust system for fair price to farmers
* Export of farm commodities to be liberalised
* Agri export potential $100 bln
* To launch Operation Green in line with Operation Flood
* Allocate 5 bln rupees for Operation Green
* Allocation for food processing sector 14 bln rupees FY19
* Allocate 2 bln rupees for medicinal, aromatic crops
* To encourage women self-help groups for organic farming
* Cluster-based models to be developed for horticulture crops
* e-NAM to be exempt from APMC regulations
* To develop, upgrade 22,000 rural haats to agricultural mkts
* To allocate 20 bln rupees for farm development fund
* Favourable tax treatment for farm mfg organisations
* Agri credit target at 11 trln rupees for FY19
* Kisan credit card benefit also to animal husbandry, fishing
* To launch bamboo mission for 12.9 bln rupees
* 470 APMCs connected to e-NAM, rest to be connected by Mar
* To set up 42 mega food parks for farm exports

FY18 REVISED
* Hope to grow 7.2-7.5% in H2 FY18
* Exports expected to grow 15% in FY18

POLICY STEPS
* 100 bln rupees for animal husbandry, fisheries develop fund
* To set up 2 new funds of total 100 bln rupees for fishery
* Online loan facility for MSMEs to be revamped
* To address bad loan problems of MSMEs
* 37.94 bln rupees for MSME credit support
* Job creation core of policy planning
* To take steps for improving start-up funding environment
* PSUs to be part of e-trade receivables platform
* To link e-trade receivables platform with GSTN
* To review refinancing policies under MUDRA plan
* To give 40 mln power connections under Saubhagya Yojana
* 3 trln rupees lending target for MUDRA plan FY19
* Smart City scheme outlay 2.04 trln rupees

SOCIAL SECTOR
* To set up dedicated affordable housing fund under NHB
* Aim 5.1 mln rural houses under affordable housing plan
* Aim to give houses to all poor by 2022
* Aim to build 20 mln more toilets under Swachh Bharat
* More than 60 mln toilets built under Swachh Bharat plan
* To give 80 mln LPG connections under Ujjwala scheme
* To spend 1 trln rupees on education infra over 4 years
* To subsidise removal of crop residue to tackle pollution
* To set up Ekalavya schools for scheduled tribes
* To treat education holistically pre-nursery to class 12
* To move from blackboard to digital board
* Allocate 99.75 bln rupees for social security plan FY19
* Allocation to Natl Livelihood Mission 57.50 bln rupees
* Allocate 14.3 trln rupees for rural infra FY19
* Allocate 26 bln rupees under ground water irrigation plan
* Health protection scheme to cover 100 mln poor families
* Allocate 12 bln rupees for health wellness centres
* To launch PM research fellow plan for 1,000 BTech students
* To set up 2 new schools of planning & architecture
* 600 mln Jan Dhan accts to get micro insurance benefit
* 24 new medical colleges to be set up via hospital upgrade
* Aim 1 medical college for every 3 Parliament constituency
* 6-bln-rupee nutritional support for Tuberculosis patients
* Govt progressing towards universal health coverage
* Health scheme to have 500,000 rupee/family/yr benefit
* Allocate 566.2 bln rupees for Scheduled Castes welfare
* Cover all poor family in PM insurance plan in mission mode
* 187 projects sanctioned under Ganga cleaning programme
* Allocate 391.35 bln rupees for welfare of Scheduled Tribes
* Govt women employees to contribute 8% to EPF in first 3 yrs

MISCELLANEOUS
* Special scheme to fight pollution in Delhi-NCR
* To develop 10 places as iconic tourism destinations
* To construct tunnel under Sela Pass

INDUSTRY, INFRASTRUCTURE
* To allocate 71.5 bln rupees to textiles sector FY19


No comments:

Post a Comment

Investment in jogeshwari , investment in behrambaug , investment in jogeshwari west , investment in lokhandwala,investment in oshiwara ,investment in vasihali nagar,investment in patel estate,investment in svroad,invest in jogeshwari,invest in behrambaug,invest in jogeshwari west,stockbroker in jogeshwari west,stock broker in behrambaug,stockbroker in jogeshwari west,stock broker in lokhanwala west , 9892770630,+919892770630