Highlights of the Union Budget 2018-19

On Feb 1, 2018

Arun Jaitley presents the Budget for 2018-19 in Parliament . Following are the highlights .

PM Jeevn Jyoti Bima Yojana to reach all poor households: Arun Jaitley
24 new govt medical colleges and hospitals to be set up by upgrading existing district hospitals
Health insurance scheme to cover 500 million beneficiaries of 100 million families. FM Jaitley announces a cover of up to Rs 5 lakh per year
For education sector, the government proposes revitalising infrastructure, opening schools for the ST populations as well as promoting programmes for teachers, in order to improve quality education for students: Arun Jaitley.
Air Pollution in Delhi NCR is a cause for concern, special scheme will be implemented to support Govts of Haryana, Punjab, UP and Delhi NCT to address it and subsidize machinery for management of crop residue.
Scheme for revitalizing school infrastructure, with an allocation of 1 lakh crore rupees over four years. Called RISE – Revitalising Infrastructure in School Education.
Finance Minister says will set up PM Research Fellow Scheme; 1000 B-Tech students to be selected.
Finance Minister says two new planning & architecture schools to be set up in IITs.
Finance Minister says total investment of Rs 1 lakh cr for ‘RISE’.
The government will launch a flagship National Health Protection Scheme, which will have 50 crore beneficiaries. The Centre will give up to Rs 5 lakh per family per year. This will include secondary and tertiary healthcare.
Govt to focus on health, education & social protection. To use technology to improve education from ‘blackboard to digital board".
Allocating natural resources in a more transparent manner, there is a premium on honesty now.
Rs 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.
Finance Minister says propose to treat education holistically without segmentation.
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.
500 mn beneficiaries of govt health care scheme.
Rural infra and education get a massive push.
Finance Minister Arun Jaitley says Rs 16,000 cr allocation for electricity connection to poor families.
Eklavya schools to be started for Scheduled Tribe population.
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.
When our govt took over India was considered one of the fragile five economies of the world; we have reversed it; India is today fastest growing economy.
Introduction of GST has made indirect tax system simpler.
India is today a $2.5 trillion economy and will become fifth largest economy in the world from the present seventh largest.
Budget will focus on strengthening agricultural and rural economy: FM Jaitley.
PM has articulated the vision of minimum government, maximum governance: Jaitley.
We are firmly on path to achieve 8% growth.
Govt focusing on ease of living now.
Cooking gas being given free to poor under PMUY, 4 cr unconnected being provided electricity connection, stent prices slashed: FM.
Direct Benefit Transfer is a global success story.
Emphasis on generating higher income for farmers; want to help farmers produce more and realise higher prices.