Union Budget 2018: Here are the highlights of the budget

Updated: Feb 01, 2018, 11:58 IST | IANS

Highlights of the Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitly on Thursday

Representational Pic

Highlights of the Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitly on Thursday:

  • India now a $2.5 trillion economy and firmly on path to achieve 8% plus growth soon
  • Will focus on agriculture and rural economy, health, infra, senior citizens
  • Hope to grow at 7.2 per cent-7.5 per cent in the second half of 2017-18
  • Allocating natural resources in a more transparent manner, there is a premium on honesty now
  • Government led by PM modi has implemented a series of fundamental structural reforms
  • Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets
  • 470 APMCs have been connected to #eNAM network, the rest to be connected by March 2018
  • Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost
  • From ease of doing business, government has moved to ease of living for the poor and middle class
  • Allocation in for Ministry of Food Processing is being doubled; specialised agro-processing and financial institutions to be promoted by the government
  • India now a $2.5 trillion economy and firmly on path to achieve 8% plus growth soon
  • Will focus on agriculture and rural economy, health, infra, senior citizens
  • Hope to grow at 7.2 per cent-7.5 per cent in the second half of 2017-18
  • Allocating natural resources in a more transparent manner, there is a premium on honesty now
  • Government led by PM Modi has implemented a series of fundamental structural reforms
  • Cluster-model approach to be adopted for agricultural production
  • From Rs 10 lakh crore to Rs 11 lakh crore credit for agricultural activities
  • Fishery and Aquaculture Infrastructure Development Fund and Animal Husbandry Infrastructure Fund to be set up with corpus of Rs 10,000 crore
  • Restructured National Bamboo Mission to be launched with allocation of Rs 1,290 crore to promote sector in a holistic manner
  • Rs 500 crore for Operation Green
  • Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets
  • 470 APMCs have been connected to #eNAM network, the rest to be connected by March 2018
  • Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost
  • From ease of doing business, government has moved to ease of living for the poor and middle class
  • Allocation in for Ministry of Food Processing is being doubled; specialised agro-processing and financial institutions to be promoted by the government
  • India now a $2.5 trillion economy and firmly on path to achieve 8% plus growth soon
  • Will focus on agriculture and rural economy, health, infra, senior citizens
  • Hope to grow at 7.2 per cent-7.5 per cent in the second half of 2017-18
  • Allocating natural resources in a more transparent manner, there is a premium on honesty now
  • Government led by PM Modi has implemented a series of fundamental structural reforms

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A look at key highlights of Union Budget 2019

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