To pay for seeming bout of generosity towards poor, albeit with vote-banks in mind, the finance minister has mopped up huge sums through three or four simple steps, mostly aimed at the middle class.
Launched in April 2015, Rs 4.6 lakh crore credit has been sanctioned under the scheme so far to 10.38 crore beneficiaries.
"The government had made many positive changes in the personal income-tax rate applicable to individuals in the last three years," Jaitley said in his Budget speech.
"The government will also establish a system of consumer friendly and trade efficient system of regulated gold exchanges in the country," Jaitley said.
Presenting the Budget in Parliament, Union Finance Minister Arun Jaitley on Thursday announced the outlay of 93,450 crore for the Home Ministry.
The government also announced a Prime Minister Fellowship scheme under which 1,000 B.Techs will be provided opportunity to pursue Ph.Ds in IITs and IISc.
"Cryptocurrencies are not legal tender and the government discourages its use. However, the government will look at the utilisation of Blockchain (a distributed digital technology that supports crypto currencies)," Jaitley said.
The announcement of a higher target, in place of the 3.2 per cent for the current fiscal announced earlier, was made by Finance Minister Arun Jaitley while presenting the Budget 2018-19 in the Lok Sabha.
Terming it as the world's largest government funded healthcare programme, Jaitley said it would take healthcare protection to a new level.
"Under this scheme, we will identify 1,000 best B.Tech. students each year from premier institutions and provide them facilities to do Ph.Ds in the Indian Institutes of Technology and the Indian Institute of Science," Jaitley said.
The announcement was made by Finance Minister Arun Jaitley while presenting the Budget 2018-19, which is the last one being tabled by the current government in Parliament before the general elections due in the first half of 2019.
Union Finance Minister Arun Jaitley said that allocation to SCs was for 279 programmes for the community and the allocation to STs was for 305 programmes for the section.
Presenting the Union Budget 2018-19, the finance minister however proposed a marginal releif to tax payers by introducing new standard deduction of Rs 40,000 cr for salaried taxpayers.
Unveiling the Union Budget 2018-19, the Modi government today kept the personal income tax slabs unchanged, while allowing a standard deduction of Rs 40,000.
The Finance Minister also announced automatic revision of salaries of Member of Parliament every five years, indexed to inflation.
The announcement regarding this was made by Union Finance Minister Arun Jaitley during his Union Budget presentation in Lower House of Parliament.
In a boost to the healthcare sector, the government today announced that two crore more toilets will be constructed under the ‘Swachh Bharat Mission’, a flagship programme of the Modi government aimed at cleanliness.
The pollution has been a concurrent issue, especially during early winter months when the smog causes severe respiratory and skin diseases to people in the region.
For a better understanding of the Finance Minister's documents and terminologies, it is very important to decipher them.
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