Buget 2018: Arun Jaitley FULL SPEECH: NO TAX RELIEF for salaried class

Fiscal deficit estimate for 2017-18 raised to 3.5 pc of GDP as against 3.2 pc earlier; for FY19 deficit pegged at 3.3 pc as against 3 pc target: FM

 

Custom duty on mobile phones increased to 20% from 15%: FM Arun Jaitley

 

For senior citizens, exemption of interest income on bank deposits raised to Rs 50,000: Arun Jaitley

 

Govt has made many positive changes in the personal income tax rates applicable to individuals in the last three years therefore I do not wish to make any changes to this: Arun Jaitley

 

No changes in Income Tax slabs: FM

 

No changes in Income Tax: Arun Jaitly

 

Tax payers increased by 19.25 lakh: FM

 

Projected fiscal deficit for 2018-19 is 3.3% of GDP: FM Arun Jaitley

 

Tax payer base has risen from 6.47 crore in 2014-15 to 8.27 crore in 2016-17: Arun Jaitley

 

Emoluments of the President to be revised to Rs 5 lakh per month & emoluments of the Vice-president to be revised to Rs 4 lakh per month: Arun Jaitley

 

Govt has identified 372 specific business reform actions to improve ease of doing business; Evaluation of performance under this programme to be based on user feedback: FM Arun Jaitley

 

Salaries of President & Governors will be increased: FM Arun Jaitley

 

80,000 crore disinvestment target for 2018-19, target for 2017-18 has been exceeded and will reach 1 lakh crore rupees: FM

 

SEBI may consider mandating large corporates to use bond market to finance one-fourth of their fund needs, says FM

 

12,000 wagons, 5160 coaches and 700 locomotives being procured. There is significant achievements of physical targets by Railways : Arun Jaitley

 

All railways stations with more than 25,000 footfall to have escalators. All railways stations and trains to have Wi-Fi and CCTVs progressively: Arun Jaitley

 

Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices: FM Jaitley

 

Redevelopment of 600 major railway stations has been taken up; Mumbai transport system is being expanded; suburban network of 160 km planned for Bengaluru: FM

 

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: FM Jaitley

 

5 lakh WiFi hotspots to be set up in rural areas to provide easy Internet access: FM

 

National Highways exceeding 9,000-km will be completed in 2018-19: FM Arun Jaitley

 

All trains to be progressively provided with WiFI, CCTV and other state-of-the-art amenities: FM

 

Cleaning of Ganga is of national importance, have sanctioned 187 projects under NAMAMI Ganga scheme: FM Jaitley

 

Proposal to develop 10 prominent tourist destinations as Iconic tourism destinations: Arun Jaitley

 

Govt will contribute 12% of wages of new employees in EPF for all sectors for the next 3 years : FM

 

₹1,48,528 crore - the capital expenditure for Indian Railways for 2018-19, announces FM

 

70 lakh new job opportunities will be created: Arun Jaitley

 

Govt committed to create maximum job opportunities: FM

 

Mass formalization of MSME sector is happening after demonetization and GST: FM

 

Rs 16,000 cr to be spent on providing electricity connection to 4 cr poor households, says FM Arun Jaitley

 

Govt plans to construct 2 crore more toilets under Swachh Bharat Mission: Finance Minister

 

Providing 5 lakh rupees per family per year for medical reimbursement, under National Health Protection Scheme. This will be world's largest health protection scheme: FM

 

Have decided to take healthcare protection to a new aspirational level. Launching a flagship National Health Protection Scheme to cover 10 crore poor and vulnerable families, benefiting approx. 50 crore: FM

 

Scheme for revitalizing school infrastructure, with an allocation of 1 lakh crore rupees over four years. Called RISE - Revitalizing Infrastructure in School Education: FM

 

Integrated B.Ed programme to be initiated for teachers, to improve quality of teachers: FM

 

Eklavya schools to be started for Scheduled Tribe population: FM

 

14.34 lakh crore rupees to be spent for rural infrastructure: FM

 

8 crore free gas connections to women under UJJWALA and 4 crore electricity connections to the poor under Saubhagya Yojana: FM

 

Govt proposes to increase the target of providing free LPG connections to 8 crore to poor women: FM Jaitley

 

Removal of crop residue to be subsidized in order to tackle the problem of pollution due to burning of crop residue: FM

 

From 10 lakh crore to 11 lakh crore - credit for agricultural activities: FM

 

Fishery and Aquaculture Infrastructure Development Fund and Animal Husbandry Infrastructure Fund to be set up - total corpus 10,000 crore rupees: FM

 

Restructured National Bamboo Mission to be launched with an allocation of 1290 crore rupees to promote bamboo sector in a holistic manner: FM

 

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