Team  SoOLEGAL

Highlights of Union Budget 2018–19, Today presented by Finance Minister Arun Jaitley

Team SoOLEGAL 1 Feb 2018 12:05pm

Highlights of Union Budget 2018–19, Today presented by Finance Minister Arun Jaitley

The 2018 Union Budget, presented by Finance Minister Arun Jaitley today, is the last full budget of the Narendra Modi-led government before the 2019 elections. The budget will focus on agriculture, infrastructure and healthcare.

11:59 (IST)  

Arun Jaitley: 70 lakh formal jobs have been created this year. The government will contribute 12 per cent of wages as EPF (Employees' Provident Fund) in all sectors for the next three years. Contributions from women employees will be brought down from 12 per cent to 8 per cent. The target for lending under MUDRA (lending to microfinance firms) is Rs 3 lakh crore this year.

11:54 (IST)

Arun Jaitley: Quality of education is still a cause for concern. The government will allocate Rs 1 lakh crore to improve education infrastructure over four years. We will strive to move from the blackboard to digital board as technology will have a great impact on education.

11:49 AM (IST)  

Arun Jaitley: MSMEs are a major engine of growth and employment, the FM notes, adding he will soon announce measures for SME NPAs.

11:44 (IST)

Arun Jaitley: We are launching a flagship national health protection scheme to cover 10 crore poor and vulnerable families. 50 crore beneficiaries will get Rs 5 lakh per family per year. It will be the world's largest state-funded healthcare programme.

11:43 (IST)

Arun Jaitley: The government's aim is that by 2022, every poor person should have a home. This year we are making 51 lakh affordable homes. The government will also establish a dedicated affordable housing fund.

11:31 (IST)

Arun Jaitley: Air Pollution in Delhi-NCR (National Capital Region) is a cause for concern. Special schemes will be implemented to support Haryana, Punjab, Uttar Pradesh and Delhi to address it. Subsidies will be given for farm machinery to manage crop residue.

11:27 (IST)

A Reuters poll this week showed most economists expect a 3.2 per cent fiscal deficit in 2018-19, as the government looks to increase investments in agriculture. Anything much beyond that, however, may draw a swift sell-off in the markets.

11:24 (IST)

Bamboo is green gold..have removed them from the definition of trees, says Finance Minister Arun Jaitley

10:51 AM (IST)

Finance Minister Arun Jaitley announces Rs. 200 crore for organic farming sector

Tagged: Finance Minister Arun Jaitley   Union Budget 2018–19  
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