Following are the highlights of Finance Minister Speech

On Feb 1, 2018

Govt levies 10% capital gains tax for Rs 1 lakh gainsShort-term capital gains tax continues to be 15%Capital gains made on shares until Jan 31, 2018 grandfatheredCustoms duties hiked on mobiles to 20 prevent from 15 per cent; on TVs to 15 prevent to boost domestic manufacturing.6 crore toilets have been built so far under the Swachh Bharat campaign. The target for the next financial year is to build another 2 crore toilets.No change in personal income tax structure, says Arun JaitleyStandard deduction of Rs 40,000 for salaried taxpayers, says Arun JaitleyStatus quo for salaried class, says Arun Jaitley25% Corp tax rate extended to companies with turnover up to Rs 250 crFM Arun Jaitley says propose to allow 100% tax deduction to companies registered as farmer-producer companies with a turnover of Rs 100 crore.Govt to set MSP at one-and-half times the cost of production for Kharif crops.Rs 2,000 crore fund to be set up for upgrading rural agri markets.Food processing sector growing at 8 pc; allocation for food processing ministry being doubled to Rs 1400 cr.Target for loan disbursement under Mudra scheme set at Rs 3 lakh crore for next fiscal.Govt to soon announce scheme to address the issue of Non-Performing Assets.Rs 4.6 lakh cr sanctioned under MUDRA Scheme.Govt’s budget for health, education and social security increased to Rs 1.38 lakh crore for 2018-19 from Rs 1.22 lakh crore in current fiscal.Health insurance scheme to cover 500 million beneficiaries of 100 million families. FM Jaitley announces a cover of up to Rs 5 lakh per yearRs 14 lakh cr for enhancing rural livelihood.Hope to grow at 7.2 per cent-7.5 per cent in the second half of 2017-18.80 million poor families to be given free gas connection under Ujjwala scheme.Finance Minister says allocate Rs 2,600 underground water irrigation plan in 96 districts.Finance Minister Arun Jaitley says Rs 16,000 cr allocation for electricity connection to poor families..Rs 11 lakh cr for instant farm credit mooted next FY.Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.