Thursday, 1 February 2018

Highlights of Union Budget 2018

Highlights of Union Budget 2018



Here are the highlights of Union Budget 2018:
- Government to take all steps to eliminate use of cryptocurrencies
- 24 Public Sector Units to be divested
- Bank recap to help banks lend additional Rs. 5 lakh crore
- We have exceeded our disinvestment target this year
- Disinvestment target of Rs. 80,000 crore for 2018-19
- System of toll payment by cash being replaced by electronic payments
- 5 lakh WiFi spots for benefit of 5 crore rural citizens
- National program to direct efforts in Artificial Intelligence
- Global economy is transforming into digital economy
- All trains to increasingly have WiFi & CCTVs
- Training for 50 lakh youth by 2020
- Airport capacity to be hiked to handle 1 billion trips per year
- Regional air connectivity scheme shall connect 56 unserved airports
- 150 km additional suburban railway network at the cost of Rs. 40,000 cr.
- 600 railway stations to be redeveloped.
- Over 3600 km railway track renovation targeted in current year.
- 10 tourist cities to be developed into iconic tourist destinations.
- 142 cities have got investment grade ratings.
- Smart City mission: 99 cities selected with outlay of Rs. 2.04 lakh crore.
- Govt will contribute 12% of wages of new employees to EPF for 3 yrs.
- Rs. 7148 crore allocation for textile sector.
- In last 3 years, number of steps for generation of employment.
- For STs: 305 programs, allocation of Rs. 32,508 crore.
- For SCs: 279 programs, allocation of Rs. 52,719 crore.
- Govt will expand coverage under Pradhan Mantri jan dhan yojana.
- 24 new govt medical college & hospitals.
- Rs. 600 crore for nutritional support to all TB patients.
- National health protection scheme to benefit 50 crore people.
- Health cover of up to 5 lakh per family per year for poor & vulnerable.
- National health protection scheme to cover 10 cr poor families
- Rs. 1200 crore for health and wellness centres
- 2 major initiatives as part of Ayushman Bharat program.
- Proposal for railway university in Vadodara.
- Rs. 1 lakh crore over 4 years for initiative for infra in education.
- Eklavya schools for tribal children.
- Moving from blackboard to digital board.
- Will treat education holistically without segmentation.
- Credit for agricultural activities: From 10 lakh cr to 11 lakh cr.
- Allocation for national livelihood mission: Rs. 5750 crore.
- Will establish dedicated affordable housing fund.
- 8 crore rural women to get free gas connection through Ujjwala yojana.
- Special scheme to address air pollution in NCR region.
- Rs. 10,000 cr for fishery development fund and animal husbandry fund.
- Rs. 1290 crore allocation for bamboo sector.
- Kisan credit card to be extended to fisheries,animal husbandry farmers.
- Operation Green allocation Rs. 500 crore.

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