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.
"We are now a $ 2.5 trillion economy, and we are firmly on path to achieve 8 per cent plus growth soon," Jaitley said.
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.
Presenting the Budget for the next fiscal, Jaitley said this measure would go a long way to realise the government's goal of doubling farmers' income by 2022.
Highlights of the Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitley on Thursday:
The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 per cent, to 36,136.40.
In his Budget speech, Jaitley said this year, the focus is on strengthening agriculture sector and besides 'ease of doing business', the government is also focusing on 'ease of living' now.
The countdown is over as Finance Minister Arun Jaitley will unveil the Union Budget 2018 today – the fifth and arguably most crucial one of the Modi government.
This will be the last full-fledged budget by the Modi government ahead of the 2019 Lok Sabha elections, and the first after the implementation of the Goods and Services Tax (GST).
The meeting is slated to be held in the Parliament Library Building in the evening after the presentation of the Union Budget tomorrow morning by Finance Minister Arun Jaitley.
As India awaits with anticipation for Modi Government's last full-fledged Union Budget, we bring you details on when and where you can watch it.
Union Finance Minister Arun Jaitley is all set to present the Narendra Modi government's fifth and arguably his toughest Budget yet.
The Budget 2018 is expected to be a tough balancing act for the Narendra Modi government. Keeping the question open till tomorrow-Will it be populist or reformist?
For a better understanding of the Finance Minister's documents and terminologies, it is very important to decipher them.
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