Budget Highlights 1

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Budget Highlights: 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 the indirect tax system simpler.

The budget will focus on strengthening the agricultural and rural economy.

Demonetisation has reduced cash in the economy, promoted digital transactions.

India is today a $2.5 trillion economy and will become a fifth largest economy in the world from the present seventh largest.

Exports to grow by 17 pc in 2017-18.

We are firmly on the path to achieve 8% growth.

Govt focusing on ease of living now, says FM. Cooking gas being given free to poor under PMUY, 4 cr unconnected being provided electricity connection, stent prices slashed.

Economy to grow by 7.2-7.5% in second half of current fiscal.

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.

India produced over 275 million tonnes of foodgrains and 300 million tonnes of fruits and vegetables in 2016-17.

Crop production at record high; govt is committed to giving 50% more than the cost of crop production to farmers.

Govt to set MSP at one-and-half times the cost of production for Kharif crops

Govt will ensure farmers get MSP if prices fall; Niti Aayog will discuss with state govts for a mechanism to ensure farmers get better prices.

Rs 2,000 crore fund to be set up for upgrading rural agri markets.

Govt has promoted organic farmers in a big way; women self-help groups to be encouraged to take up organic farming.

Agriculture ministry will reorient ongoing programmes to promote cluster-based horticulture production.

Food processing sector growing at 8%; allocation for food processing ministry being doubled to Rs 1400 crore.

India’s agri export potential is USD 100 bn as against current $30 bn exports.

Govt to allocate Rs 500 cr for ‘operation green’ to promote FPOs, agri logistics and processing.

Kisan credit card facility extended to fisheries and animal husbandry sectors.

Govt to restructure national bamboo mission with an outlay of Rs 1,290 Crore.

Surplus power produced by solar-powered generators used by farmers will be bought by state distribution utilities.

Institutional credit to agriculture to be raised to Rs 11 lakh cr in 2018-19.

Govt to set up fisheries and aquaculture infra fund and animal husbandry infra fund with an outlay of Rs 10,000 Crore.

Special scheme to support efforts of Haryana, Punjab, UP and Delhi to tackle air pollution through the use of in-situ machinery for disposing of crop residue.

Rs 16,000 cr to be spent on providing electricity connection to 4 crore poor households.

Govt to provide free LPG connection to 8 crore women under Ujjwala scheme, up from an earlier target of 5 crore.

Over six crore toilets built under Swachh Bharat Mission; govt to build another two crore toilets.

1 cr houses to be built under Pradhan Mantri Awas Yojana in rural areas.

Govt to establish a dedicated affordable housing fund under National Housing Bank for priority sector lending.

Govt to substantially increase allocation under national livelihood mission to Rs 5,750 cr in next fiscal.

The focus of the government will be to provide maximum livelihood projects in rural areas.

We have managed to get children to school but the quality of education still a concern.

Education to be treated holistically without segmentation from class nursery to 12th, says FM.

To increase digital intensity in education; to move from Blackboard to digital board.

By 2022, every block with more than 50% ST population will have Ekalvya schools at par with Navodaya Vidyalayas.

Two new schools of planning and architecture to be set up; 18 more in IITs and NIITs.

Rs 1,200 crore to be allocated for Ayushman Bharat programme in 2018-19.

Govt to launch flagship National Health Protection scheme to cover 10 crore poor and vulnerable people.

The 10 cr families will be provided Rs 5 lakh cover per family per year for treatment.

Govt to allocate Rs 600 crore towards the nutritional support of tuberculosis patients.

Govt to set up 24 new medical colleges and hospitals by upgrading district level ones.

Government is slowly but steadily progressing towards universal health coverage.

Govt identifies 115 “aspirational districts” to make them model districts of development.

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.

Rs 4.6 lakh cr sanctioned under MUDRA Scheme.

Govt to soon announce a scheme to address the issue of Non-Performing Assets.

The target for loan disbursement under Mudra scheme set at Rs 3 lakh crore for next fiscal.

Mass formalisation of MSME sector is happening after demonetization and GST.

Govt to take additional measures to strengthen the environment for venture capitalists and angel investors.

Employees PF Act to be amended to reduce the contribution of women to 8% from 12% with no change in employer’s contribution.

Rs 50 lakh cr needed for infrastructure building.

PTI

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