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Union Budget 2018-19 Highlights BY BHAGYASHREE GHOSH
Bhagyashree Ghosh 2017 UPSC Prelims qualified 2014 IBPS PO upto Interview Hobbies: Teaching, Writing ebooks f unacademy Follow link- https://Unacademy.com/user/bhghosh93
Synopsis of Budget Speech Part-1
11.04 am: Finance Minister Arun Jaitley starts presenting the budget 2018-19. 11.07 am: Promised to reduce poverty, expedite infra creation. 11.08 am: Achieved 7.5% average growth in first 3 years of NDA government 11.08 am: Manufacturing sector is back on growth path. 11.09 am: 6.3% GDP growth signaled turnaround in economy 11.10 am: Export expected to grow at 15% in FY18. 11.13 am: DBT has reduced corruption & cost of delivery. 11.13 am: Focus is now on ease on living after ease of doing business DBT, Direct Benefit Transfer
11.13 am: On track for GDP growth of over 8%. 11.14 am: Emphasis on generating higher income for the farmers. 11.15 am: MSP for Kharif crops to be 1.5X of cost of produce. 11.16 am: Want farmers to earn 1.5x the cost of their produce. 11.19 am: Setting up an agricultural market fund with corpus of Rs 2,000 crore. 11.21 am: eNAM to be exempted from APMC regulation. 11.22 am: Allocation to food processing to be doubled from Rs 715 crore last year to Rs 1400 crore in 2018-19. 11.23 am: Food processing industry growing at average 8% per annum. 11.23 am: 470 APMCs connected to eNAM. eNAM-e National Agriculture Market a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.) Agricultural Produce Market Committee (APMC)
11.25 am: Government proposes to launch Operation Green for which sum of Rs 500 crore will be allocated. -(for enhancing the production of tomato, onion and potatoes) 11.26 am: Allocate Rs 10,000 crore for fisheries, aqua cultural and animal husbandry funds. 11.28 am: Allocate Rs 1,290 crore to National Bamboo Mission. 11.29 am: 8 crore poor families will be given free gas connection under Ujwala Scheme. 11.30 am: Proposes to extend Kisan Credit Card to fisheries & animal husbandry farmers. 11.31 am: Targets constructing 2 crore Toilets in FY19. 11.34 am: Allocate Rs 16,000 crore to Pradhan Mantri Saubhagya Yojana. (To supply electricity to poor households) 11.36 am: To initiate special integrated B-Ed programme to teachers. 11.37 am: Railway University to be set-up at Vadodara.
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