Скачать или смотреть Union Budget 2018-19 Full Speech by Sh. Arun Jaitley

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New Delhi: Finance minister Arun Jaitley unveiled the Union Budget 2018 in Parliament on 01.02.2018 (Thursday) amid expectations of increased spending to boost growth in the Indian economy.

Tax
100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above.

41% more returns were filed this year, which shows that more people have joined the tax net.

Tax payer base has risen from 6.47 crore in 2014-15 to 8.27 crore in 2016-17. More payers joining tax net but turnover not encouraging, says Jaitley.

Demonetisation was received by honest taxpayers as ‘Imaandaari ka utsav’.

Fiscal deficit

Revised fiscal deficit estimate for 2017-18 is 3.5% of GDP, fiscal deficit of 3.3% expected for 2018-19.

Digital India

5 lakh WiFi hotspots to be set up in rural areas to provide easy Internet access.

1 lakh Gram Panchayats connected to optic fibre completed.

Will take all steps to eliminate the use of Crypto-Currencies, will explore use of Blockchain technology in payment systems: FM Jaitley

Rail budget

Rs 1,48,528 crore is the capital expenditure for the Indian Railways for 2018-19... All trains to be progressively provided with WiFi, CCTV and other state-of-the-art amenities.

All railways stations with more than 25,000 footfall to have escalators.

12,000 wagons, 5160 coaches and 700 locomotives being procured. There is significant achievements of physical targets by Railways : Arun Jaitley

Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices: FM Jaitley

Redevelopment of 600 major railway stations has been taken up; Mumbai transport system is being expanded; suburban network of 160 km planned for Bengaluru: FM

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: FM Jaitley

36,000-km of rail track renewal targeted in coming year: FM Arun Jaitley

Agriculture/Farm

Agri-Market Development Fund with a corpus of Rs 2000 crore to be set up for developing agricultural markets.

Grameen Agricultural Market (GRAM) will provide farmers a means to sell directly to buyers.

The focus is on low-cost farming, higher MSP. Emphasis is on generating farm and non-farm employment for farmers.

I am very happy to announce that minimum support price has been set at 1.5 times the production cost for kharif crops: Jaitley

The government will ensure payment of full MSP even if farmers sell below MSP.

The Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost.

Health

National health protection scheme for 10 crore poor families with 50 crore beneficiaries by providing Rs 5 lakh per family per year for secondary and tertiary care hospitalisation. This is the world’s largest health programme.

Rs 1,200 crore for the flagship programme in health wellness centres.

Women

Contribution of 8.33% to EPF for new employees by the govt for three years and 12% govt contribution to EPF in sectors employing large number of people: Arun Jaitley

76% of MUDRA loans for women.

*Government proposes to increase the target of providing free LPG connections to 8 crore to poor women: FM Jaitley

Education

4 new government medical colleges and hospitals to be set up by upgrading existing district hospitals.

One medical college per every three Parliamentary constituencies.

1,000 best BTech students to be made PM research fellows — to do PhDs in IITs and IISc. They will spend few hours every week teaching in technical institutions.

Eighteen new schools of planning and architecure will be set up... I propose railway university in Vodadara.

Government to launch ‘Revitalising Infrastructure and Systems in Education by 2022: FM Jaitley

Integrated B.Ed programme to be initiated for teachers, to improve quality of teachers.

Technology will be the biggest driver in improving education.

Budget 2018 will work with states to provide more resources to improve quality of education, says Jaitley.

India growth

Indian economy is on course to achieve high growth of 8%. Economy to grow at 7.2-7.5% in second half of 2018-19: FM Jaitley.

India grew at an average of 7.5% in the first three years since 2014. It is now a $2.5 trillion economy: Jaitley.

Indian economy has performed very well since our government took over in may 2014. It is now the seventh largest in the world, says finance minister Arun Jaitley.

Infrastructure

To spend 14.34 trillion Indian rupees ($225.50 billion) on rural infrastructure

For poor, backward

*By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have ‘Ekalavya’ schools.

Courtesy : Rajya Sabha TV, DD National
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