'Nothing for middle class': Major highlights from Modi govt's last budget

There's a standard deduction of Rs 40,000 for salaried employees in lieu of transport and medical expenses.

Finance Minister Arun Jaitley on Thursday announced two new initiatives under the Ayushman Bharat Programme. Jaitley announced a new Flagship National Health Protection Scheme, providing health insurance cover of Rs 5 lakh per family per year. The scheme will cover 10 crore families, with approximately 50 crore beneficiaries.