UNION BUDGET 2018- HIGHLIGHTS


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Finance minister Arun Jaitley presented this government’s last full Budget on 31 January in the parliament. This year’s budget is significant in many aspects. It was Modi’s government’s last chance to bring about any major changes in the financial structure of the country and win hearts of our country’s common man. The 2019 General Elections and elections in eight states this year added another weight to the expectations from the Budget 2018. Let’s see how has the Financial Minister Arun Jaitley managed to deliver a successful Budget for the upcoming year and how is it going to affect the general public of our country. Here are the following highlights of the Budget

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  • Fishery, agricultural, animal husbandry infrastructure fund with a total of Rs. 20,000 crore will be set up by the government.

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  • Government to subsidize machinery required to manage crop residue to tackle pollution. The burning of crop residue has contributed to pollution in northern states of India.

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  • “UDAN”– Regional connectivity scheme to connect 31 helipads and 56 unserved airports in the country.

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  • Wifi, CCTV, escalators and train services to be provided on railway stations with more than 25,000 footfalls.

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  • 187 projects to be sanctioned under Namami Gange scheme, cleaning of Ganga is of national importance.

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  • Upgradation of 24 district-level colleges.

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  • Minimum Selling Price of crops will be increased 1.5 times the production cost.

  • Eklavya schools to begin for ST population, integration of B.Ed programme for teachers to be done by the government.

  • 4 crore homes to get free power connections under Saubhagya scheme.

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  • Planning to shift from blackboards to digital boards by 2022.

  • 1 lakh crore allocated for up gradation and revitalization of the education sector.

  • 600 major railway stations will be redeveloped; expansion of Mumbai transport system; suburban network planned for Bengaluru.

  • Construction of tunnel near Sela Pass to promote tourism in the state.

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  • Senior citizens will be able to claim a deduction of Rs. 50,000 for any medical insurance.

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Hello, I am Jagriti Verma, Bachelors of Technology(Information Technology) from Guru Gobind Singh Indraprastha University. I love traveling, writing, painting and watching documentaries. I am also digital marketing enthusiast.

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Jagriti Verma
Hello, I am Jagriti Verma, Bachelors of Technology(Information Technology) from Guru Gobind Singh Indraprastha University. I love traveling, writing, painting and watching documentaries. I am also digital marketing enthusiast.

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UNION BUDGET 2018- HIGHLIGHTS

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