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.
Presenting the Budget, FM Jaitley said that the fiscal deficit will overshoot to 3.5 per cent from the earlier estimate of 3.2 per cent in the current fiscal, ending March 31.
"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.
"In order to create employment and aid growth, government's estimated budgetary and extra budgetary expenditure on infrastructure for 2018-19 is being increased to Rs 5.97 lakh crore, Jaitley said.
Finance Minister Arun Jaitley announced a capital expenditure of Rs 1.48 lakh crore for the Indian Railways in his Budget 2018 speech, the largest ever.
Presenting Budget 2018-19 in the Lok Sabha, Finance Minister Arun Jaitley recalled that in his budget last year he had announced a similar reduction for companies with annual turnover of less than Rs 50 crore in fiscal 2015-16.
Congratulating Finance Minister Arun Jaitley and his team, Modi said farmers, Dalits and tribal communities will gain from the budget.
Finance Minister Arun Jaitley today presented the Union Budget 2018-19 – Modi government’s last full-fledged budget ahead of the 2019 Lok Sabha elections.
The move to raise duty on mobile phones is likely to hurt players like Apple that import most of their phones from China, thereby compelling them to consider manufacturing higher number of models in india.
"Aadhaar has provided an identity to every Indian. Aadhaar has eased delivery of so many public services to our people. Every enterprise, major or small, also needs a unique identity," Jaitley said.
Finance Minister Arun Jaitley said the government will develop two defence industrial production corridors and bring out an industry-friendly military production policy to promote the domestic defence industry.
Finance Minister Arun Jaitley during his budget speech said that this year, the focus is on strengthening agriculture sector.
"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.
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.
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