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UNION BUDGET 2018-19
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Finance Minister of India Sh. Arun Jaitley presenting the Union Budget 2018-19
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HIGHLIGHTS & ANALYSIS
[/vc_column_text][vc_btn title=”Take The Survey – Union Budget 2018-19″ color=”primary” align=”center” i_icon_fontawesome=”fa fa-wpforms” add_icon=”true” link=”url:http%3A%2F%2Frailanalysis.in%2Finfo%2Frailanalysis_budget_survey.html|||”][vc_column_text]Railway Budget 2018 Highlights :
12.08 PM : Rs 4,253 crore has been allocated for Pune-Lonavala 3rd and 4th railway line
12.05 PM : Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices, says Jaitley
12.04 PM : Mumbai transport system is being expanded; suburban network of 160 km planned for Bengaluru
12.03 PM : Foundation stone of the bullet train was laid in September 2017. An institute is coming up in Vadodara to train the manpower required for the high speed railway projects, says FM Jaitley
12.02 PM : For Indian Railways, the government allocates capital expenditure of Rs 1,48,528 crore for 2018-19, announces Jaitley, the highest ever
12.01 PM : Optimal electrification of the railway network to be focus of the government
11.59 AM : 12,000 wagons, 5160 coaches and 700 locomotives are being procured. There is significant achievements of physical targets by Railways, says Arun Jaitley
11.58 AM : Redevelopment of 600 major railway stations has been taken up. All railways stations with more than 25,000 footfall to have escalators. All railways stations and trains to have Wi-Fi and CCTVs progressively
11.56 AM : Enhancing carrying capacity of railways and focus on safety will be priority of the government
11.30 AM : The government would set up a specialised railway university in Vadodara, Finance Minister Sh. Arun Jaitley says
Other Highlights :
12:35 PM : Under Sec 80D, the limit of Rs 30,000 is increased to Rs 50,000 for senior citizens
12:34 PM : 99% MSMES to be taxed at 25%
12:32 PM : No. of taxpayers have increased from 6.4 crore to 8.27 crore, says FM
12:30 PM : 12.6% growth in direct taxes in 2017-18; 18.7% growth in indirect taxes in 2017-18 says Finance Minister Arun Jaitley
12:24 PM : The growth rate of direct taxes in 2017-18 has been significant of nearly 12.6% in current year in direct taxes. 81.51 lakh new taxpayers filed their returns in the last year, says FM
12:14 PM : Finance Minister says, Niti Aayog to establish a national programme to direct efforts towards Artificial Intelligence, including research and development of its applications
12:11 PM : Government will take all measures to curb use of cryptocurrencies like bitcoin, says FM
12:10 PM : Over Rs 148 lakh crore to be allocated to the Railways in the next fiscal
12:08 PM : Redevelopment of 600 major railway stations taken up; Mumbai transport system being expanded; suburban network of 160 km planned for Bengaluru, says FM
12:05 PM : All trains will be progressively provided with Wi-Fi, CCTV and other state-of-the-art amenities, says FM
12:04 PM : Mumbai locals are going to get even better at getting you to your destination on time. The government will spend as much as Rs 11,000 crore to add tracks to the Mumbai local train network, Jaitley said.
11:57 AM : EPF contribution for women to be lower at 8% for the first three years as effort to bring more women into formal employment, says FM
11:50 AM : Rs. 600 crore allocated for nutritional support to all Tuberculosis patients & upgrading 24 new government medical college & hospitals says Arun Jaitley
11:50 AM : Technology will be the biggest driver in improving quality of education. We propose to increase the digital intensity in education and move gradually from blackboard to digital board, Says Finance Minister
11:45 AM : FM says,”24 new government medical colleges and hospitals to be set up by upgrading existing district hospital”
11:42 AM : Arun Jaitley says that My government is launching a flagship healthcare scheme to cover 10 crore poor families; will provide Rs 5 lakh per family, per year
11:36 AM: 10 crore families will now avail upto Rs 5 lakh health insurance under Ayushman Bharat program. This is the largest such scheme in the world :FM Arun Jaitley
11:30 AM : Under Swachh Bharat Mission, the Government plan to construct 2 crore more toilets
11:26 AM : The Government will allocate Rs 16,000 crore to provide electricity to rural areas under Pradhan Mantri Saubhagya Yojna
11:24 AM : A sum of Rs 500 crore is allocated for Operation Green
11:23 AM : Allocation in food processing ministry is being doubled to Rs 1,400 crore from Rs 715 crore, says Jaitley
11:23 AM : FM represents Bamboo by saying it Green Gold
11:19 AM : This Budget will work with the states to provide more resources for improving the quality of education
11:17 AM : Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost, says FM
11:16 AM : This year’s budget will particularly focus on strengthening the agriculture & rural economy, taking care of the senior citizens and development of infrastructure, says Jaitley
11:12 AM : Modi Government has successfully implemented a series of structural reforms
11:06 AM : Sh. Arun Jaitley begins presentation of Union Budget 2018
10:44 AM : Cabinet approves the Union budget; FM’s speech to start soon
10:02 AM : Finance Minister arrives at the Parliament
10:15 AM : PM Modi arrives at the Parliament
09:59 AM : Finance Minister to present the budget in parliament around 11:00 AM after a cabinet meeting
09:30 AM : Finance Minister Sh. Arun Jaitley Meets President Kovind at Rashtrapati Bhavan Before Presenting The Union Budget 2018, as per the tradition
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Why The Union Budget 2018-19 Is In More Focus ?
– This would be the last full budget of BJP Led NDA Government before the 2019 General Elections
– This is going to be the first Budget after implementation of GST.
– This will be the fifth budget of Modi government and the most crucial one too.
“Railways On High Growth Path; Expect Paradigm Change With Freight Corridors, Capacity Augmentation”
– Mohd Jamshed, Member Traffic Railway Board
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