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Budget 2018: Highlights of the Union Budget presented by Finance Minister Arun Jaitley

Take a look at some of the key highlights of the Union Budget 2018 presented today by the Finance Minister Arun Jaitley.

Finance Minister Arun Jaitley,Union Budget 2018 Budget 2018: Highlights of the Union Budget presented by Finance Minister Arun Jaitley Source : Press


Finance Minister Arun Jaitley presented the Union Budget for the year 2018 today. While the budget is always presented in English, for the very first time, Jaitley presented the budget in Hinglish i.e Hindi and English.


The budget this year focused on farmers and the rural poor today and while boosting jobs and private investment. This is the last full-year budget before the 2019 general elections.


So let's take a look at some of the key highlights of the Budget 2018.


· A sharp increase in agricultural exports to help increase prices for farmers.

· The government will help in building more than 5 million affordable houses for the poor in the next financial year.

· No change in personal Income Tax slab rates. All the salaried people will get a standard deduction of Rs. 40,000 on their income in lieu of medical and transport reimbursements.

· The government will contribute 12% to the Employee's Provident Fund for three years for new employees.

· Agricultural market fund of ₹ 2000 crore.

· ₹ 5 lakh medical insurance cover per year for 10 crore families.

· Mr. Jaitley introduced insurance scheme that would cover 100 million families giving up to ₹500,000 in medical coverage for each  family annually.

· He said that "This will be the world's largest health protection scheme."

· A slew of tax deductions for senior citizens with extending the Pradhan Mantri Vaya Vandana Yojana (PMVVY) to March 2020.

· Schemes to promote agriculture, organic farming, animal husbandry and fisheries, ensuring that he was understood by people living in rural areas.

· Railway capex has been pegged at Rs 1.48 lakh crore, up from Rs 1.31 lakh crore last year.


बजट 2018 LIVE Updates - Indian Union Budget | Lehren News

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