This document provides an overview of the key topics covered in the Indian union budget presented on February 1, 2018. It discusses the history of budgets in India, provides a snapshot of the budget and income tax slabs, outlines the top 5 announcements and their impacts, and other important announcements such as increased infrastructure spending and health coverage expansion. It also lists items that will increase in price due to import duty hikes and those that may decrease due to duty cuts.
The document gives highlights from key sectors – agriculture and rural development, banking, financial services and insurance, defence and aviation, e-commerce and retail, energy, FMCG, food & beverages, infrastructure and housing, manufacturing, railways, social welfare, steel and mining, and technology IT & telecom.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
The document gives highlights from key sectors – agriculture and rural development, banking, financial services and insurance, defence and aviation, e-commerce and retail, energy, FMCG, food & beverages, infrastructure and housing, manufacturing, railways, social welfare, steel and mining, and technology IT & telecom.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
First india lucknow edition-02 february 2021FIRST INDIA
Read all Latest News from Uttar Pradesh and from every corner of India.Start your morning with First India E-Paper Lucknow News edition.Read English News on politics, Bollywood, business, sports, economy,Lifestyle and our upto date Uttar Pradesh News section.Visit First India.
CLICK:- https://firstindia.co.in/newspaper
A Summary of Budget 2016!
Hon. Finance Minister Mr.Arun Jaitley presented a resilient India Budget 2016 which spells the ‘Transformative Agenda’ for the India Economy identifying nine key pillars for the GDP growth. Team RAMA has presented an overall overview of the Union Budget – 2016, summarised key policies changes and Direct & Indirect taxes proposals in brief for easy understanding and quick reference. Hope you will find it useful.
Warm regards & happy reading!
- Ram Agarwal & Associates.
Finance Minister Arun Jaitley presented the Union Budget for 2016-17 and reaffirmed that the economy is on the right track. The budget is aimed at strengthening India's firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and economic reforms and policy initiatives to change lives for the better. With measured focus on social sector reforms and recapitalising India's banking system, this Budget has an overarching focus on improving agriculture, and scaling infrastructure, all of which bode well for the country. The government is now planning to rationalise and channel subsidies to the poor by increasing the burden on the rich, and by increasing spending on public welfare through its own kitty.
Mr. Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income, as the biggest challenge to the economy is agrarian distress. Applauding the budget presented by the Finance Minister, Prime Minister Narendra Modi said the Budget is pro-village, pro-poor and pro–farmers, and is focused on bringing about qualitative changes in the country through a slew of time-bound programmes.
The attached note captures key highlights and summarises major announcements in the Budget.
Please reach out to us should you wish to understand more about the Union Budget and its impact on your business
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
The Union Budget for 2018-19 was proposed by Mr. Arun Jaitley on 1st February 2018. The budget proposes significant initiatives for rural & agricultural development, generation of employment, skill development and upgrading infrastructure, but, provides little incentive to the taxpayers. Sharing with you the highlights of this year's Budget.
Summary of special economic package for self-reliant India (Atma-Nirbhar Bharat Abhiyan) to reduce the economic strain on the country due to the pandemic by the Hon’ble Prime Minister, Mr. Narendra Modi on May 12, 2020.
Comprehensive analysis of indian budget 16 17Pankaj Walia
Happy to present my view and key features of the Indian Budget for 2016-2017.
Overall, a balanced budget to support the needs of the stressed sectors while simultaneously weighing the impact of additional burden on account of the recommendations of the 7th Central Pay Commission and the implementation of Defence OROP.
First india ahmedabad edition-02 february 2021FIRST INDIA
Welcome to the Official Website of First India E-Paper. We are the best ENGLISH NEWS PAPER in India with Special coverage of Rajasthan & Gujrat. Follow us for the LATEST NEWS & Top LIVE NEWS in India and around the world.
Visit:- https://firstindia.co.in/newspaper
First india lucknow edition-02 february 2021FIRST INDIA
Read all Latest News from Uttar Pradesh and from every corner of India.Start your morning with First India E-Paper Lucknow News edition.Read English News on politics, Bollywood, business, sports, economy,Lifestyle and our upto date Uttar Pradesh News section.Visit First India.
CLICK:- https://firstindia.co.in/newspaper
A Summary of Budget 2016!
Hon. Finance Minister Mr.Arun Jaitley presented a resilient India Budget 2016 which spells the ‘Transformative Agenda’ for the India Economy identifying nine key pillars for the GDP growth. Team RAMA has presented an overall overview of the Union Budget – 2016, summarised key policies changes and Direct & Indirect taxes proposals in brief for easy understanding and quick reference. Hope you will find it useful.
Warm regards & happy reading!
- Ram Agarwal & Associates.
Finance Minister Arun Jaitley presented the Union Budget for 2016-17 and reaffirmed that the economy is on the right track. The budget is aimed at strengthening India's firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and economic reforms and policy initiatives to change lives for the better. With measured focus on social sector reforms and recapitalising India's banking system, this Budget has an overarching focus on improving agriculture, and scaling infrastructure, all of which bode well for the country. The government is now planning to rationalise and channel subsidies to the poor by increasing the burden on the rich, and by increasing spending on public welfare through its own kitty.
Mr. Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income, as the biggest challenge to the economy is agrarian distress. Applauding the budget presented by the Finance Minister, Prime Minister Narendra Modi said the Budget is pro-village, pro-poor and pro–farmers, and is focused on bringing about qualitative changes in the country through a slew of time-bound programmes.
The attached note captures key highlights and summarises major announcements in the Budget.
Please reach out to us should you wish to understand more about the Union Budget and its impact on your business
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
The Union Budget for 2018-19 was proposed by Mr. Arun Jaitley on 1st February 2018. The budget proposes significant initiatives for rural & agricultural development, generation of employment, skill development and upgrading infrastructure, but, provides little incentive to the taxpayers. Sharing with you the highlights of this year's Budget.
Summary of special economic package for self-reliant India (Atma-Nirbhar Bharat Abhiyan) to reduce the economic strain on the country due to the pandemic by the Hon’ble Prime Minister, Mr. Narendra Modi on May 12, 2020.
Comprehensive analysis of indian budget 16 17Pankaj Walia
Happy to present my view and key features of the Indian Budget for 2016-2017.
Overall, a balanced budget to support the needs of the stressed sectors while simultaneously weighing the impact of additional burden on account of the recommendations of the 7th Central Pay Commission and the implementation of Defence OROP.
First india ahmedabad edition-02 february 2021FIRST INDIA
Welcome to the Official Website of First India E-Paper. We are the best ENGLISH NEWS PAPER in India with Special coverage of Rajasthan & Gujrat. Follow us for the LATEST NEWS & Top LIVE NEWS in India and around the world.
Visit:- https://firstindia.co.in/newspaper
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
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First India ePaper provides best exclusive stories of the day.Today's News Headlines from politics, technology, business news, Bollywood news, life style and many more.We are the best ENGLISH NEWSPAPER in India with special coverage of Rajasthan , Gujrat and power corridor of the country national capital Delhi. Follow us for more information.
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Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss.For real time update Visit our social media handle.Read First India NewsPaper in your morning replace.Visit First India.
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02022024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Edelman India Public Affairs team provides an analysis of the Union Budget 2018-19 tabled in Parliament on Feb 1 -- featuring opinions from eminent economists and industry experts.
Contributors include:
Mr. T.S. Vishwanath
Partner, APJ-SLG Law Offices and Senior Advisor, Edelman India
Mr. Nirankar Saxena
Deputy Secretary General, FICCI
Dr. Geethanjali Nataraj
Professor of Applied Economics, Indian Institute of Public Administration
Dr. Amir Ullah Khan
Development Sector Economist, Professor and Director at the Maulana Azad National Urdu University, Visiting faculty of Economic Policy at the Indian School of Business
Mr. Neeraj Bansal
Partner and Head – ASEAN Corridor and Building, Construction and Real Estate sector, KPMG in India
Mr. Ravi S. Kochak
Former Additional Member (Production Units), Indian Railways
If you are tense for some reason, know that you are caught in the rut of unconsciousness. A spiritual seeker should wake up and relax. How can you relax till the situations change? Situations change only when you relax, look up, look within, and take refuge in the Mantra and repeat it with Love and trust in its infinite power to clear the fog of your mind and it Works!!
Each religion has its own powerful sounds that evoke the God in us. God is light. When you evoke the Light, dark forces that conspire sitting in your own mind cannot work. Unconsciousness creates the ground for the negative forces to work, and negative forces are dark, they are effective in darkness, they cannot tolerate light, can’t survive in light, so they always look for opportunities when we are off guard, a little slip from the state of consciousness and you are enveloped with dark forces!
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Fear, anger, anxiety, tension, they are not only enemies; they are also the forces which create opportunities for all of us to rise to our Divine inheritance. If you have not gone through pain and bondage why should you ever try to rise or work to overcome them and transcend them?
Mantra is the mystic power, the tool for us to work with, the non-violent weapon to transform the diabolic forces into Divine Light and Love. Every faith tradition that has created enlightened Masters, have all used it, it is the Word, it is the Sound, and it is the primordial essence of all that is.
Never curse your negative weaknesses it only empowers them, they are mere reminders of your challenges of life. They are there, for you are born to work with them, through them, Beyond them. Yes, Mantra will do that miracle you are waiting to see in life!!
If you are tense for some reason, know that you are caught in the rut of unconsciousness. A spiritual seeker should wake up and relax. How can you relax till the situations change? Situations change only when you relax, look up, look within, and take refuge in the Mantra and repeat it with Love and trust in its infinite power to clear the fog of your mind and it Works!!
Each religion has its own powerful sounds that evoke the God in us. God is light. When you evoke the Light, dark forces that conspire sitting in your own mind cannot work. Unconsciousness creates the ground for the negative forces to work, and negative forces are dark, they are effective in darkness, they cannot tolerate light, can’t survive in light, so they always look for opportunities when we are off guard, a little slip from the state of consciousness and you are enveloped with dark forces!
They are not waiting outside of you to enter, they are right there inside of you in the subconscious layers of mind and till you have cleansed and purified your subconscious, they are with you like your own shadow.
Fear, anger, anxiety, tension, they are not only enemies; they are also the forces which create opportunities for all of us to rise to our Divine inheritance. If you have not gone through pain and bondage why should you ever try to rise or work to overcome them and transcend them?
Mantra is the mystic power, the tool for us to work with, the non-violent weapon to transform the diabolic forces into Divine Light and Love. Every faith tradition that has created enlightened Masters, have all used it, it is the Word, it is the Sound, and it is the primordial essence of all that is.
Never curse your negative weaknesses it only empowers them, they are mere reminders of your challenges of life. They are there, for you are born to work with them, through them, Beyond them. Yes, Mantra will do that miracle you are waiting to see in life!!
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
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Putting the SPARK into Virtual Training.pptxCynthia Clay
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Business Valuation Principles for EntrepreneursBen Wann
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
2. INTRODUCTION.
HISTORY OF BUDGET
BUDGET SNAPSHOT.
INCOME TAX SLAB SNAPSHOT.
TOP 5 ANNOUNCEMENT AND THEIR
IMPACTS ON DIFFERENT STAKE-HOLDERS.
OTHER IMPORTANT ANNOUNCEMENT.
PRICE CHANGES AFTER BUDGET
2
3. A budget introduced by government is an annual financial
statement presenting the government’s proposed revenues
and spending for a financial year that is often passed by
legislature, approved by the chief executive or president
and presented by the finance minister to the nation.
This document estimates the anticipated government
revenues and government expenditures for the current
financial year.
3
4. The union budget of India also known as the Annual
Financial Statement in the Article 112 of the
constitution of India, is the annual budget of the
republic of India.
The government presents it on the first day of
February so that it could be materialized before the
commencement of new financial year in April.
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5. The Narendra Modi government’s last full budget
before the 2019 Lok Sabha elections mainly focuses
on strengthening agriculture and rural economy, good
health, care to senior citizens, infrastructure creation,
working with states to provide more resources to
improve the quality of education in country.
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6. In the Annual Financial Statement of 2018-19 ,
Government has taken Ease of Doing business further by
stress on ‘Ease of Living’ for the common men of this
country, especially for those belonging to poor & middle
class of the society.
‘‘Minimum Government and Maximum Governance’’.
This vision has inspired Government agencies in carrying
out hundreds of reforms in policies, rules and procedures.
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7. The word “Budget was derived from middle French
word “Bougette-meaning a leather bags”.
The word budget 1st time introduced by British
Finance Minister Sir Robert Val Paul in 1733.
The budget system was 1st introduced in India on 7th
April 1860.
The 1st Indian budget was presented by James Wilson
on Feb. 18, 1869.
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8. The 1st union budget of independent India was
presented on Nov. 26, 1947 by former and 1st finance
minister RK Shanmukham Shetty.
The highest number of budget presentation made by
former finance minister Morarji Desai. He presented
10 union budgets, followed by P Chidambaram's 9
and P Mukherjee's 8.
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9. On Feb. 29 1964 and 68 Morarji Desai presented Budget on his
Birthday.
Indira Gandhi was 1st lady finance minister of India.
The budget of fiscal year 1973-74 is known as the “Black
Budget” as the nation had a deficit of Rs 550 crore.
The 1997-98 budget was known as “Dream Budget” as a
number of economic reforms were done including lowering
income tax rates, removal of the surcharge on corporate taxes
and reduced corporate tax.
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13. RS 5.97 LK CRORE ALLOCATION FOR INFRA
DEVELOPMENT.
MSP FOR KHARIF AND RAVI CROPS IS 1.5
TIMES.
25% TAX ON COMPANY’s TURN-OVER UP TO
RS 250 CRORE.
RS 5 LAKH HEALTH COVER FOR 10 CRORES
OF POPULATION.
DISVESTEMENT TARGET WILL BE RS 80,000
CRORE.
10% TAX ON LTCG MORE THAN RS 1,00,000.
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14. Infrastructure development is one of important part of
development of economy.
It is growth driver of economy.
The Finance Minister estimated that investment in excess of
Rs.50 lakh crore is needed to increase growth of GDP and
connect the nation with a network of roads, airports, railways,
ports and inland waterways.
He announced increase of budgetary allocation on
infrastructure for 2018-19 to Rs.5.97 lakh crore against
estimated expenditure of Rs.4.94 lakh crore in 2017-18.
The Government has made an all-time high allocation to rail
and road sectors and is committed to further enhance public
investment.
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15. Life become easy.
More connectivity.
More employment generation.
More development.
No need to migrant in Urban area for Rural
Population of India.
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16. More Business.
Company like L&T, GAIL and all get more
opportunity.
Wide range of customers.
More profit .
Easy in Transportation
Reducing in transportation cost and time.
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17. Easily reach to market.
Reduce the cost.
Broad market.
Get the market in their own places.
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18. Referring to the Government’s commitment
to the welfare of farmers and doubling
farmers‟ income by 2022, the Finance
Minister announced a slew of new schemes
and measures.
He said ,that government has decided to keep
MSP for all unannounced Kharif crops at least
one and half times of their production cost
after declaring the same for the majority of
Rabi cops.
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19. More customers.
More sales.
Less chances of Recession.
Reduction in NPA.
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20. They will get the genuine price of their crops.
The life of farmers will be more prosperous.
Their debt burden will be reduced.
The growth and development of rural areas
will be increased.
Their purchase capability will be increased.
More Agriculturalist production.
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21. Providing Rs 5 lakh cover for 10 crore people under the
government's 'Ayushman Bharat' insurance scheme.
It will be introduced from 1st of April.
It covers about 50 crores of population of India.
Its world biggest free medical insurance scheme of any
government.
Its like Obama care in USA, @Modi Care of India.
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22. They will get ensured of treatment.
They don’t need to get money during the their
treatment.
Reduce their stress.
Strengthen their economic position.
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23. Plenty of opportunities are waiting for
General Insurance company.
A healthy India can boost the overall economy
of India.
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24. Government has made a promise of reduce the
corporate cost.
IMPACTS (CORPORATE) :-
1. MSME sector get chance of more growth and
expansion.
2. Small companies can compete with MNCs and all.
3. Boost more start-up.
4. MSME can make their business more innovative.
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25. IMPACTS ON CORPORATE:-
1. More privatisation.
2. Healthy competition in relevant industry.
3. Market can keep PSUs in their investment’s
portfolio.
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26. Government gets less amount as revenue so
they can’t bring any big-tickets activities.
Product will be cheaper.
More employment generation is possible.
It motivates them for start their own venture.
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27. Government can spent more for their
development.
They can purchase the IPOs of PSUs.
Economy can grow in better way.
Government can infuse more in infra related
activities.
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28. Government will take all steps to eliminate use of crypto
currencies which are funding illegitimate transactions.
Government announces AMRUT program to focus on water
supply to all households in 500 cities . Water supply
contracts for 494 projects worth rupees 19,428 core will be
awarded.
NITI Aayog will establish a national programme to direct
our efforts in the area of artificial intelligence towards
national developments.
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29. National Heritage city development augmentation
scheme has been undertaken to preserve and protect
heritage cities in the country announces the finance
minister.
Government to contribute 12 percent of EPF
contribution for new employees in all sectors.
Target of 3 lakh crore for lending under PM Mudra
Yojana.
Government aims to bring 60 crore bank accounts
under the Jan Dhan Yojana
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30. Budget allocates money for social security and protection
programme for all widows and orphaned children.
Government have a target to provide all Indians with their
own homes by 2022.
Ujjawal scheme to amplify targets will now provide 8
crore rural women free LPG connections.
Arun Jaitley proposes a sum of rupees 500 crore for
‘Operation Green’ on the lines of ‘Operation Flood’.
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31. The customs duty on mobile phones will be increased
to 20 per cent from the existing 15 per cent, in a bid to
promote 'Make in India' and create jobs in the country
therefore large number of imported items will become
costlier.
The following items that will become costlier:-
1. Car and Motorcycles.
2. Mobile Phones.
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32. The government will contribute 12 per cent of wages of
new employee for all sectors.
Women contribution to provident fund (PF) will be
reduced to 8 percent for the 1st three year of their
employment.
The Government allocates 7,148 crore for the textile
industry.
Emoluments will revised for the president to 5 lakh, 4
lakh vice president and 3.5 lakh a month for governors.
Free power connections to 4 crore homes.
Electronic IT assessment will be rolled out across the
country leading to greater efficiency and transparency 32
33. 5. Perfumes
6.Preparations for oral dental hygiene, denture fixative
pastes and powders.
7. Pre-shave, shaving or after-shave preparations.
8. Deodorants and bath preparations
9.Truck and buses radial tyres.
10. Silk fabrics
11. Footwear
12. Colored gemstones
13. Diamonds
14. Imitation jewellery
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34. 13. Diamonds
14. Imitation jewellery
15. Smart watches / wearable devices
16. LCD/ LED TV panels
17. Furniture
18. Mattresses
19. Lamps
20. Wristwatches, pocket watches and clocks
21. Tricycles, scooters, pedal cars, wheeled toys, dolls, toys and puzzles of
all kind and video games.
22. Articles and equipment for sports and outdoor games, swimming pools
and paddling pools.
23. Cigarette and other lighter candles.
24. Kites
25. Edible/ vegetables oil such as olive oil, groundnut oil.
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35. The government is reducing import duties therefore
some items will become cheaper.
The following is a list of exported items that will
become cheaper :-
1. Raw cashew nuts
2. Solar tempered glass or solar tempered used for
manufacture solar panels.
3. Raw materials, parts or accessories used in making
cochlear implants.
4. Selected capital goods and electronics such as ball
screws and linear motion guide.
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