VISION: union budget

Material For Exam

Recent Update

Showing posts with label union budget. Show all posts
Showing posts with label union budget. Show all posts

Friday, February 02, 2018

Highlights of Union Budget 2018-2019

05:31




  • No changes in personal income tax slabs.
  • Salaried tax-payers to get a standard deduction of ₹40,000 in lieu of transport allowance and "other medical expenses".
  • ₹2,000-crore fund for development of agri markets.
  • All senior citizens will now be able to claim benefit of a deduction of ₹50,000 for any medical insurance.
  • For critical illnesses, the deduction has been increased to ₹1,00,000.
  • Free power connections to 4 crore homes under Saubhagya Yojana.
  • Eight crore free gas connections for poor women through Ujjwala Yojana.
  • Govt. to implement minimum support price for all crops; It is hiked to 1.5 times of production costs.
  • Govt. to contribute 12% of wages of new employees for all sectors.
  • New flagship National Health Protection Scheme, providing a health insurance cover of ₹5 lakh per family per year announced.
  • Railway capex for 2018-19 set at ₹1.48 lakh crore.
  • Disinvestment target for this year set at ₹80,000 crore.
  • Automatic revision of emoluments parliamentarians every five years, pegged to inflation.




Read More