The 'National Health Protection Scheme' will be funded with 60 per cent contribution coming from the Central government and the remaining from the states.
Arun Jaitley said that 10% tax levied on Long Term Capital Gains alone will fund both the hike in farmers' MSP and the ambitious National Health Protection Scheme.
Speaking at India TV's Samvaad conclave, organised to discuss this year’s Budget, BJP spokesperson Sambit Patra said that this is for the first time when people are discussing about healthcare and not tax.
Market mood suffered another setback after Fitch Ratings today said high debt burden of the government constrains India's rating upgrade.
"Overall, the Budget makes me happy to see that my party, the BJP, is pursuing economic growth with a human face. I am sure India is headed towards a brighter future," Advani said.
Addressing reporters later, the Bharatiya Janata Party (BJP) President said the announcements will take development to the poor.
Arun Jaitley said the reforms undertaken by the government have resulted in raising the Foreign Direct Investment and made it easier to do business in the country.
The budget proposals should have been "bold and radical", senior Congress leader and former finance minister P Chidambaram said.
The CBI has been allocated Rs 698.38 crore by Finance Minister Arun Jaitley in the Budget presented today which is Rs 19.01 crore or a little over 2.79 per cent higher compared to the revised estimates of Rs 679.37 crore for 2017-18.
The Finance Minister said that to cater to the growth of Bengaluru metropolis, the government has planned a suburban rail network of 160 km at an estimated cost of Rs 17,000 crore.
Nitish also congratulated Jaitley and Prime Minister Narender Modi for the presentation of what he called the "best Budget".
A slower broadening of the tax base after the note-ban and GST implementation as well as weather- related impacts on crops could contribute to revenue slippage, it warned.
In the Budget 2017-18, Jaitley had reduced the income tax rate to 5 per cent from 10 per cent under the income slab from Rs 2.5 lakh per annum to Rs 5 lakh per annum.
According to Jaitley, the government has approved the listing of 14 CPSEs (Central Public Sector Enterprises), including two insurance companies, on the stock exchanges.
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