Budget 2018 : Key Highlights By MarketMagnify

>>To propose next financial year health, education cess at 4%
>> Increase in customs duty on mobile phones to 20% from 15%
>> Propose to cut import duty on raw cashews to 2.5% from 5%
>> Govt levies long-term capital gains tax of 10% for over Rs 1 lakh investments
>> Deduction for senior citizens increased to Rs 50,000 for medical insurance
>> FM Arun Jaitley: No change in personal income tax structure.Standard deduction of Rs 40,000 for salaried taxpayers
>> Corporate tax for companies up to Rs 250 cr revenue cut to 25%
>> 100% tax deduction to companies with revenue of Rs 100 cr regard as farmer producers 

>> Aim to lower central govt debt-to-GDP ratio to 40%
>> 85.51 lakh new taxpayers have filed returns for FY17
>> Total revised estimate of expenditure at Rs 21.57 lakh cr for current FY
>> FY18 revised estimate for fiscal deficit at 3.5% of GDP; FY19 fiscal deficit target at 3.3% of GDP
>> PSU bank recap will allow banks to give additional lending of Rs 5 lakh crore
>> Salary of President raised to Rs 5 lakh, Vice President to Rs 4 lakh, governor to Rs 3.5 lakh
>> National Insurance, United India Insurance & Oriental Insurance to be merged, listed
>> Govt will evolve a scheme to assign a Unique ID for companies
>> Divestment target Rs 80,000 crore for FY19
>> Will take steps to curb illegitimate transactions funded by cryptocurrency
>> Propose extra-budgetary expenditure of Rs 5.97 lakh cr on infrastructure
>> Exports seen growing at 15 per cent 2017-18
>> To allocation to ‘Digital India’ doubled to Rs 373 Cr
>> SEBI to mull asking large companies to meet 25% debt from market
>> Airport capacity to be raised 5 times to handle 1 bn passengers
>> UDAN Scheme shall connect 56 unserved airports, 37 unserved helipads
>> To aallocate Rs 9,000 cr for 90 km of double-line tracks for Mumbai
>> To allocate Rs 17,000 cr for Bengaluru Metro Network, Rs 11,000 cr for Mumbai Rail  network
>> To allocate Rs 11,000 cr for Mumbai rail network
>> Railway capex for FY19 at Rs 1.48 lakh cr
>> Projects worth Rs 2,350 cr under smart city mission completed
>> Tourist facilities to be upgraded at 210 important monuments
>> MSMEs sector gets Rs 3,794 crore in the form of capital support and interest subsidy
>> Out of 100 smart cities 99 cities have been selected with an outlay Rs 2.04 lakh crore
>> To allocate Rs 7,148 cr to textile sectos
>> Target Mudra Loans for Rs 3 lakh crore in FY19
>> To allocate Rs 1.38 lakh cr in FY19 for government health & education programmes
>> To allocate Rs 2,600 underground water irrigation plan in 96 districts
>> 47 projects under the ‘Namami Gange’ programme have been completed
>> Setting up 24 new government medical colleges
>> 187 projects sanctioned under the ‘Namami Gange’ programme
>> Setting up 24 new govt medical colleges
>> Ayushman Bharat programme a move towards universal health care
>> Propose to launch a flagship National Health Protection Scheme initiative with nearly  50 crore beneficiaries which will provide up to Rs 5 lakh per family per year,for hospitalisation
>> 1.5 lakh centres health care centres will bring health closer to every household
>> The centres will provide free essential drugs and diagnosis. Corpus will be roughly Rs  1,200 crore
>> ‘RISE’ for revitalistion of infra, education systems; Total investment of Rs 1 lakh cr for  RISE
>>  Will set up PM Research Fellow Scheme; 1000 B-Tech students to be selected
>> To set up dedicated affordable housing under Natinoal Housing Bank
>> To allocate Rs 9,975 cr to the National Social Mission
>> To initiate integrated B-Ed Programme for teachers
>> Allocate Rs 2,600 underground water irrigation plan in 96 districts
>> Focus of govt to maximise livelihood opportunities in rural areas
>> Allocation to National Livelihood Mission raised to Rs 5,750 cr
>> To target constructing 2 cr toilets in FY19
>> Cooking gas being given free to poor under PMUY, 8 crore poor women now have LPG connections
>> PM Saubhagya Yojana: 4 crore poor will get power connection. The govt will spend Rs 16,000 crore on this scheme
>> Special scheme to manage crop residue in Punjab, Haryana, NCT
>> Mechanism to sell surplus solar power to discoms at reasonable prices
>> Propose to allocate Rs 11 lakh cr for institutional credit for farm sector next FY
>>  Will develop and upgrade rural haats into gramin agriculture markets. Infrastructure  will be provided through schemes like MNREGA
>> To launch Operation Green for which a sum of Rs 500 crore will be allocated.
>> Food processing sector is growing at average 8% per annum. Allocation in this sector is being doubled from 750 cr last year to 1400 crore in 2018-19
>> The government plans to set up an agricultural market fund with corpus of Rs 2,000   cr,
>>MSP for Kharif crops will be 1.5x cost of production.
>> The government will work with NITI Aayog to develop system of optimal farm price    realisation and develop existing 22,000 gramin agri centres GRAMS to help farmers           for direct sales
>>  Govt has made indirect tax system simpler
>> Government is committed to welfare of farmers
>> Free gas connections are being provided, 4 crore houses are being electrified, low cost medicines are being provided
>> Our government is now focussing on ease of living and that there is limited                 interference of the government in their lives.
>> The economy is expected to grow at more than 7% next fiscal
>> Indian economy is now 2.5 trillion dollar economy in the world and expected to        become the fifth largest economy very soon
>>  4 years we pledged to give an honest, clean and transparent government
>> Cabinet approves Budget 2018, Jaitley to begin speech shortly
>> Cabinet meeting begins in Parliament ahead of Budget speech

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