Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 01
Hon’ble FM reached Parliament
On account of Death of a MP, the Speaker reads condolence
On account of specific requisition of Hon’ble President, Budget will be presented shortly
FM rises to present Budget for Year 2018-19
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 02
Achievements of Govt.
FDI has gone major investment
GST has been made simpler
Reduced cash transaction after demonetization
[01/02, 12:28 p.m
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 03
Achievements of Govt.
Indian is a 2.3 Trillion Economy
Already 3rd largest society
GDP with 6.3% growth
IMF – 7.4% next year
[01/02, 12:28 p.m.]
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 04
Achievements of Govt.
Series of structured Fundamental Reforms
Exports rises by 17% in 2017-18
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 05
This Years Budget:
Focus on Agriculture & Rural Economy, Less Privileged, Senior Citizens
More resources for Education
Emphasis on good governance
Ranking up by 42 places
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 06
This Years Budget:
Emphasis on ease of doing Business
Ease of living on poor & medium class people
Ujwalla Yojana Gas Connection
800+ Medicines on subsidized prices
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 07
This Years Budget:
Stent on reduced prices
Dialysis free of cost
Awas Yojna
Online Bus passes & Train passes availability
Certificate attestation eliminated by Govt to increase efficiency & improve productivity
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 08
Agriculture and Rural Economy
Double farmer income by 2022
Agriculture as Enterprises
1.5 times prices to be given than costing for farmers
Khareef minimum support price increased to 1.5 times
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 09
Group interview stopped in Jobs
Direct transfer mechanism leading to reduced corruption
Govt promoted Organic Farming
Small & Cottage industry – Allocated Rs 200 Cr
Tomato-Onion-Potato
- Serious challenge as perishable
- Operation Green to be promoted
- Allocated 500 Cr
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 10
Highly specialized & aromatic plants promoted
Export USD 30 Billion
State of Art facility in 42 Mega Parks
Propose facility of Kisan Credit Card
Bamboo removed from definition of trees
Solar water plants being installed by farmed
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 11
Surplus solar power purchased by Companies
10 Thousand Crores allocated:
Long Term irrigation funding
Micro irrigation fund
Animal Husbandry fund
Favorable taxation for Input Farm Services
Delhi/ NCR to address air pollution & subsidized machinery for crop residual
3 Years Govt service for Poor People
Ladies free from woodfire - started Ujawala Yojann for free gas subscription
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 12
New Scheme:
Pradhanmantri Saubhagya Yozna
Free Electricity in rural
16000 Crore allocated
Swachch Mission:
Uptill 6 Cr Toilets made till date
2018-19 – target of 2 cr Toilets
Residential:
Awaas Yojana
Own house for Gareeb
2017-18 – 51 Lacs houses
2018-19 – 51 Lacs proposed in rural and 37 lacs proposed in urban areas
Irrigation Scheme:
Allocated 2600 Crores
Focus on to provide maximum livelihood facility
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 13
Health Education/ Social Projects:
Opportunity to every Indian to achieve Socio-economic dreams
Integrated BA Programme initiated for Teachers
Tech. – increased digital intensity in education
Tribal Children – 20000 Tribal People will have Eklavya Schools at par with Navodya Schools
Revitalizing by 2022 – 1,00,000 Crores in Health and Education
Institute of Eminence to be set up
Railway University at Vadidara
18 new Schools of Planning & Architecture
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 14
Research Fellow Scheme:
Provide facility to do PHD to students for higher studies
Health Sector:
2 major initiatives under “Aayushmaan Bharat”
- National Health Policy
1.5 Lacs centers will bring Healthcare to homes
Free essential drugs
1200 Crore allocated
Invite Pvt investments
- Rastriya Swasthya Beema Yozana
Health care protection
Launching flagship Health Protection for poor people
50 Crore beneficiary
Rs 5 Lakh per family p.a. for Hospitalization
Tuberculosis claim – 6000 Crores for TB patients
Quality Medical Education:
24 new Govt Medical Colleges to be made
PM Suraksha Yojana:
13 Crore 25 Lacs People to be covered
Premium of Rs 12 p.a.
Clean Ganga:
187 projects Sanctioned in Namami Gange
47 completed
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 15
MSME:
On board Public Sector Banks
Online loan sanction to swamp for better decision
NPA’s to be announced
Mudra Yojana (April 15) – 8.38 Crores allocated – 76% for Women
3 Lakh Crore Mudra Loan target in next year 2018-19
Employment:
Govt to contribute 12% of Wages for all Sectors to PF for 3 years
Fixed Term Employment extended to all Sectors
Change in EPF & Misc. Act – Women contribution 8% as against 12% for next 3 years
Infrastructure Finance:
50 Lac Crores to increase GDP
Rail & road Sector – emphasis
Defense – Rohtang Tunnel connected for all weather
Defense – Sela Pass Tunnel to be connected
Urbanization:
99 Cities selected – 2.40 Lac Crores allocated to provide smart road, solar roof, intelligent system
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 16
Tourist amenities in 110 Monuments by ASI to be improved
Water supply contract – 19428 crores allocated
142 cities got investment grading
Road-ing – exceeding 900 Kms – to be completed
Railway:
Carrying capacity – 2018-19 Rs 1,48,500 Crore capex
Optimal electrification of Tracks
Safety First:
Maintenance of Tracks
Increase in Tech/ fog pro system
Eliminate un-manned rail crossing
600 major stations to be revamped
Wi-fi, CCTV in Trains/ Station
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 17
5,00,000 wifi for access of internet to 5 Crore rural people
Crypto Currencies NOT legal tender
Toll payments physically cash in replaced by fast tags
Toll payments on as you use basis
Aadhar eased delivery of public services
372 business reform action identified to be taken by States
Capital of Food Corporation of India being restructured
FDI in defense system liberalized
National Insurance, United Insurance and Oriental Insurance will be merged into one & listed lateron
🍎 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 18
Acquisition of HPL by ONGC successfully completed
Disinvestment:
72,500 Crores was target – Rs 1,00,000 crore achieved in 2017-18
Target for 2018-19 is Rs 80,000 Crores
Recapitalization will pave way for Banks – allocated 5,00,000 Crores
Gold Policy to be formulated
Gold Monetization Scheme will be reviewed to help people
MP emoluments:
Refix Salary allowance
Automatic revision every 5 years based on indexation
[01/02, 12:33 p.m.]
🍎 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 19
Fiscal deficit revised
Reduction to 3.5% in 16-17
5.95 lac Crores in 17-18
3.5% of GDP
Proposed 3.3% in 2018-19
RBI Act to be amended
[01/02, 12:37 p.m.]
🍊 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 20
Tax Updates
Presumptive Income Scheme – Less than 2 Crores u/s 44ADA
41% more ITR’s filed this year
5.18 Lakh Returns for Presumptive – Average tax payments Rs 35,000/-
100% exemption to Profit of Co-operative Society engages members in agriculture
[01/02, 12:39 p.m.]
☘ Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 21
Tax Updates
80JJA – 80% deduction to emoluments to new employees
extended to foot wear & leather industry
Reduced Corporate Tax Rate at 25% - when Turnover was 50 crore to 250 crore in FY 2016-17
Real Estate:
Provide no adjustment when circle rate does not exceed 5% of actual consideration
🎾 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 22
Tax Updates
80JJAA – 30% deduction to emoluments to new employees (errata in Update 21)
No change in Slab Rates
Salary:
Standard deduction of Rs 40,000. To Pensioners and Salaried Employee
Senior Citizens – Care for Those who care for Us
Exemption of Interest income from 10,000 to Rs 50,000 – 80TTA
Health Insurance (any) –
80D – Rs 30,000 to Rs 50,000
Critical Illness – 80DDB – Rs 60,000 to Rs 80,000/-
[01/02, 12:49 p.m.]
🍎 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 23
Tax Updates
LTCG on Listed Equity Shares
LTCG exceeding Rs 1,00,000 taxed at 10% WITHOUT Indexation
All gains upto 31st Jan GRANDFATHERED
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 100,000 Members, Free/Easy/Comfortableway
Based on speech of Hon’ble FM on 01.02.18
Update no. 01
Hon’ble FM reached Parliament
On account of Death of a MP, the Speaker reads condolence
On account of specific requisition of Hon’ble President, Budget will be presented shortly
FM rises to present Budget for Year 2018-19
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 02
Achievements of Govt.
FDI has gone major investment
GST has been made simpler
Reduced cash transaction after demonetization
[01/02, 12:28 p.m
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 03
Achievements of Govt.
Indian is a 2.3 Trillion Economy
Already 3rd largest society
GDP with 6.3% growth
IMF – 7.4% next year
[01/02, 12:28 p.m.]
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 04
Achievements of Govt.
Series of structured Fundamental Reforms
Exports rises by 17% in 2017-18
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 05
This Years Budget:
Focus on Agriculture & Rural Economy, Less Privileged, Senior Citizens
More resources for Education
Emphasis on good governance
Ranking up by 42 places
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 06
This Years Budget:
Emphasis on ease of doing Business
Ease of living on poor & medium class people
Ujwalla Yojana Gas Connection
800+ Medicines on subsidized prices
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 07
This Years Budget:
Stent on reduced prices
Dialysis free of cost
Awas Yojna
Online Bus passes & Train passes availability
Certificate attestation eliminated by Govt to increase efficiency & improve productivity
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 08
Agriculture and Rural Economy
Double farmer income by 2022
Agriculture as Enterprises
1.5 times prices to be given than costing for farmers
Khareef minimum support price increased to 1.5 times
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 09
Group interview stopped in Jobs
Direct transfer mechanism leading to reduced corruption
Govt promoted Organic Farming
Small & Cottage industry – Allocated Rs 200 Cr
Tomato-Onion-Potato
- Serious challenge as perishable
- Operation Green to be promoted
- Allocated 500 Cr
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 10
Highly specialized & aromatic plants promoted
Export USD 30 Billion
State of Art facility in 42 Mega Parks
Propose facility of Kisan Credit Card
Bamboo removed from definition of trees
Solar water plants being installed by farmed
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 11
Surplus solar power purchased by Companies
10 Thousand Crores allocated:
Long Term irrigation funding
Micro irrigation fund
Animal Husbandry fund
Favorable taxation for Input Farm Services
Delhi/ NCR to address air pollution & subsidized machinery for crop residual
3 Years Govt service for Poor People
Ladies free from woodfire - started Ujawala Yojann for free gas subscription
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 12
New Scheme:
Pradhanmantri Saubhagya Yozna
Free Electricity in rural
16000 Crore allocated
Swachch Mission:
Uptill 6 Cr Toilets made till date
2018-19 – target of 2 cr Toilets
Residential:
Awaas Yojana
Own house for Gareeb
2017-18 – 51 Lacs houses
2018-19 – 51 Lacs proposed in rural and 37 lacs proposed in urban areas
Irrigation Scheme:
Allocated 2600 Crores
Focus on to provide maximum livelihood facility
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 13
Health Education/ Social Projects:
Opportunity to every Indian to achieve Socio-economic dreams
Integrated BA Programme initiated for Teachers
Tech. – increased digital intensity in education
Tribal Children – 20000 Tribal People will have Eklavya Schools at par with Navodya Schools
Revitalizing by 2022 – 1,00,000 Crores in Health and Education
Institute of Eminence to be set up
Railway University at Vadidara
18 new Schools of Planning & Architecture
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 14
Research Fellow Scheme:
Provide facility to do PHD to students for higher studies
Health Sector:
2 major initiatives under “Aayushmaan Bharat”
- National Health Policy
1.5 Lacs centers will bring Healthcare to homes
Free essential drugs
1200 Crore allocated
Invite Pvt investments
- Rastriya Swasthya Beema Yozana
Health care protection
Launching flagship Health Protection for poor people
50 Crore beneficiary
Rs 5 Lakh per family p.a. for Hospitalization
Tuberculosis claim – 6000 Crores for TB patients
Quality Medical Education:
24 new Govt Medical Colleges to be made
PM Suraksha Yojana:
13 Crore 25 Lacs People to be covered
Premium of Rs 12 p.a.
Clean Ganga:
187 projects Sanctioned in Namami Gange
47 completed
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 15
MSME:
On board Public Sector Banks
Online loan sanction to swamp for better decision
NPA’s to be announced
Mudra Yojana (April 15) – 8.38 Crores allocated – 76% for Women
3 Lakh Crore Mudra Loan target in next year 2018-19
Employment:
Govt to contribute 12% of Wages for all Sectors to PF for 3 years
Fixed Term Employment extended to all Sectors
Change in EPF & Misc. Act – Women contribution 8% as against 12% for next 3 years
Infrastructure Finance:
50 Lac Crores to increase GDP
Rail & road Sector – emphasis
Defense – Rohtang Tunnel connected for all weather
Defense – Sela Pass Tunnel to be connected
Urbanization:
99 Cities selected – 2.40 Lac Crores allocated to provide smart road, solar roof, intelligent system
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 16
Tourist amenities in 110 Monuments by ASI to be improved
Water supply contract – 19428 crores allocated
142 cities got investment grading
Road-ing – exceeding 900 Kms – to be completed
Railway:
Carrying capacity – 2018-19 Rs 1,48,500 Crore capex
Optimal electrification of Tracks
Safety First:
Maintenance of Tracks
Increase in Tech/ fog pro system
Eliminate un-manned rail crossing
600 major stations to be revamped
Wi-fi, CCTV in Trains/ Station
Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 17
5,00,000 wifi for access of internet to 5 Crore rural people
Crypto Currencies NOT legal tender
Toll payments physically cash in replaced by fast tags
Toll payments on as you use basis
Aadhar eased delivery of public services
372 business reform action identified to be taken by States
Capital of Food Corporation of India being restructured
FDI in defense system liberalized
National Insurance, United Insurance and Oriental Insurance will be merged into one & listed lateron
🍎 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 18
Acquisition of HPL by ONGC successfully completed
Disinvestment:
72,500 Crores was target – Rs 1,00,000 crore achieved in 2017-18
Target for 2018-19 is Rs 80,000 Crores
Recapitalization will pave way for Banks – allocated 5,00,000 Crores
Gold Policy to be formulated
Gold Monetization Scheme will be reviewed to help people
MP emoluments:
Refix Salary allowance
Automatic revision every 5 years based on indexation
[01/02, 12:33 p.m.]
🍎 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 19
Fiscal deficit revised
Reduction to 3.5% in 16-17
5.95 lac Crores in 17-18
3.5% of GDP
Proposed 3.3% in 2018-19
RBI Act to be amended
[01/02, 12:37 p.m.]
🍊 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 20
Tax Updates
Presumptive Income Scheme – Less than 2 Crores u/s 44ADA
41% more ITR’s filed this year
5.18 Lakh Returns for Presumptive – Average tax payments Rs 35,000/-
100% exemption to Profit of Co-operative Society engages members in agriculture
[01/02, 12:39 p.m.]
☘ Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 21
Tax Updates
80JJA – 80% deduction to emoluments to new employees
extended to foot wear & leather industry
Reduced Corporate Tax Rate at 25% - when Turnover was 50 crore to 250 crore in FY 2016-17
Real Estate:
Provide no adjustment when circle rate does not exceed 5% of actual consideration
🎾 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 22
Tax Updates
80JJAA – 30% deduction to emoluments to new employees (errata in Update 21)
No change in Slab Rates
Salary:
Standard deduction of Rs 40,000. To Pensioners and Salaried Employee
Senior Citizens – Care for Those who care for Us
Exemption of Interest income from 10,000 to Rs 50,000 – 80TTA
Health Insurance (any) –
80D – Rs 30,000 to Rs 50,000
Critical Illness – 80DDB – Rs 60,000 to Rs 80,000/-
[01/02, 12:49 p.m.]
🍎 Highlights of Union Budget 2018
Based on speech of Hon’ble FM on 01.02.18
Update no. 23
Tax Updates
LTCG on Listed Equity Shares
LTCG exceeding Rs 1,00,000 taxed at 10% WITHOUT Indexation
All gains upto 31st Jan GRANDFATHERED
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 100,000 Members, Free/Easy/Comfortableway
