News: Union Budget 2018 Highlights

in #india7 years ago

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  • Govt focus on rural growth to boost consumer goods companies
  • Ujjwala scheme to cover 80 million families, says Arun Jaitley
  • Niti Ayog takes centre stage in new policy moves
  • Corporate tax cut to 25% to benefit MSMEs, not big corporates
  •  Govt makes PAN mandatory for any entity entering into a financial transaction of Rs 2.5 lakh or more. 
  •  PAN to be used as Unique Entity Number for non- individuals from Apri 1. 
  • Centre's decision to contribute 12 per cent of wages of new workers in EPF for the next 3 years will give social security to employees: PM 
  •  Kisan credit card will help secure easy loans for farmers 
  •  2018 budget is farmer friendly, common man friendly, business friendly and development friendly: PM 
  •  The government estimates 7.2-7.5% GDP growth in second half of the current FY18. 
  •  Divestment target for 2018-19 has been set at Rs 80,000 crore
  • Proposed spending on rural infra is Rs 14.34 lakh crore. 
  •  Rs 5 lakh per family annually to be given for medical reimbursement under the National Health Protection Scheme. 
  •  Deduction on medical insurance premium for senior citizens has been raised to Rs 50,000. For senior citizens with critical illnesses will get deduction of Rs 1 lakh. 

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