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Budget 2018 Basics, Agro etc (in Hindi)
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Budget 2018 Basics and Agro Education and Health sector

Ca Arun Chhajer
Myself a Chartered Accountant (CA) & Company Secretary (CS) & having the 10 years experience. I have worked with TCS ICICI Bank DK etc. Now

Unacademy user
MoHFW : Ministry of Health and Family Welfare
Shuvashish Sahoo
2 years ago
APEDA : Agricultural and Processed Food Products Export Development Authority
Khushboo Kumari
2 years ago
very good Shuvashish.

  1. Budget 2018-19 With an idea of extending 'Ease of Doing Business' by the current Government, Union Budget 2018 showcased a paradigm shift of Government's focus to 'Ease of Living'. This year's budget proposals largely focused on providing support to agriculture, boosting growth and employment through intervention and infrastructure development strengthening rural economy Economic Health Economy firmly on course to achieve high growth of 8% Manufacturing, services, and exports are back on good growth path GDP growth at 6.3% in the second quarter of 2017-18 signals turnaround of the economy Growth in the second half likely to remain between 7.2% to 7.5%


  2. Agriculture and Rural Economy MSP for all unannounced Kharif crops increased to 150% Institutional credit for agri-sector increased to Rs.10 lakh crore in 2017-18 Fisheries, aquaculture and animal husbandry corpus at Rs.10,000 crore New scheme Operation Greens with an outlay of Rs 500 Crore Govt to develop and upgrade existing 22,000 rural haats Agri-Market Infrastructure Fund with a corpus of Rs.2000 crore Allocation for Ministry of Food Processing doubled to Rs.1400 crore Loans to Self Help Groups (SHG) of women to increase to Rs.75,000 crore by March Under Ujwala Scheme distribution of free LPG connections will be given to 8 crore Housing for All by 2022 - more than one crore houses to be built by 2019 in rural 2019. Increased allocation of National Rural Livelihood Mission to Rs 5750 crore poor women areas Plan for employment of 321 crore person days, 3.17 lakh kilometers of rural roads, 51 lakh new rural houses, 1.88 crore toilets, and 1.75 crore new household electric connections .


  3. Education, Health, and Social Protection Estimated budgetary expenditure on health, education and social protection at Rs.1.38 lakh crore Ekalavya Model Residential School to be set up for tribal children Investments for research & infra in premier educational institutions at Rs.1 lakh crore in next 4 years Allocation on National Social Assistance Programme at Rs. 9975 crore World's largest government-funded health care programme titled National Health Protection Scheme announced NHPS to cover over 10 crore poor and vulnerable families (approximately 50 crore beneficiaries) NHPS to provide coverage up to 5 lakh rupees per family per year for hospitalisation Rs 1200 crore for the National Health Policy, 2017 - additional Rs.600 crore for TB patients .24 new Government Medical Colleges and Hospitals . Clean Ganga: Of 187 projects have been sanctioned, 47 complete . Banks of Ganga declared open defecation free


  4. Medium, Small and Micro Enterprises (MSMEs) and Employment Major thrust for Medium, Small and Micro Enterprises (MSMEs) - allocation at Rs. 3794 crore Target of Rs.3 lakh crore for lending under MUDRA Yojana 70 lakh formal jobs to be created this year Govt to make 12% contribution of new employees in the EPF for all the sectors for 3 years outlay of Rs.7148 crore for the textile sector .Increase budgetary allocation on infrastructure for at Rs.5.97 lakh crore To develop 10 prominent tourist sites into lconic Tourism destinations 35000 kms road construction in Phase-I at an estimated cost of Rs.5,35,000 crore


  5. Railways Railways Capital Expenditure pegged at Rs.1,48,528 crore 4000 kilometers of electrified railway network slated for commissioning . Work on Eastern and Western, dedicated freight corridors Over 3600 km of track renewal targeted in current fiscal Redevelopment of 600 major railway stations Mumbai's local train network to have 90 kilometers of double line tracks at Rs.11,000 crore cost . 150 km of additional suburban network planned for Mumbai Suburban network of 160 km at for Bengaluru metropolis


  6. Air Transport To expand airport capacity more than five times to handle a billion trips a year . Regional connectivity - 56 unserved airports and 31 unserved helipads to be connected To establish unified authority for regulating all financial services


  7. Digital Economy & Defence NITI Aayog to initiate a national program to direct efforts in artificial intelligence Department of Science & Technology to launch Mission on Cyber- Physical Systems Allocation doubled on Digital India programme to Rs 3073 crore To set up 5 lakh wifi hotspots to provide net-connectivity to five crore rural citizens . . . Rs. 10000 crore for creation and augmentation of telecom infrastructure Defence . Development of two defence industrial production corridors


  8. Disinvestment & Gold Disinvestment target of Rs.72,500 crore exceeded; expected receipts of Rs.1,00,000 crore New disinvestment target of Rs.80,000 crore for 2018-19 National Insurance Co. Ltd., United India Assurance Co. Ltd. & Oriental India Insurance Co. Ltd. to be merged into a single entity Comprehensive Gold Policy to be formulated to develop gold as an asset class . To establish a system of consumer-friendly and trade efficient system of regulated gold exchanges in the country Gold Monetization Scheme to be revamped to enable people to open a hassle-free Gold Deposit Account


  9. Emoluments & Fiscal Management To revise emoluments to Rs.5 lakh for the President Rs 4 lakhs for the Vice President Rs.3.5 lakh per month to Governor . Pay for Members of Parliament - law for automatic revision of emoluments every 5 years 150th Birth Anniversary of Mahatma Gandhi- Rs.150 crore for commemoration programme Fiscal Management Budget Revised Estimates for Expenditure at Rs.21.57 lakh crore Revised Fiscal Deficit estimates at 3.5% of GDP To bring down Central Government's Debt to GDP ratio to 0