New Delhi, February 1: Finance Minister Arun Jaitley on Thursday delivered the current government’s fifth and last full financial budget (Budget 2018 for the fiscal year 2018-19) amid subdued economic growth, challenging fiscal situation and farm distress. Also Read - PM Narendra Modi Gets Slightly Richer, HM Amit Shah Poorer As Per Assets Declaration

Budget 2018: Full Coverage Also Read - Parliament Adjourns Sine Die, Monsoon Session Cut Short by Eight Days Over Coronavirus Concerns

Here are some key takeaways from the Union Budget 2018-19: Also Read - Monsoon Session Updates: Congress Leader Ghulam Nabi Azad Meets President Kovind to Discuss Farm Bills

  • FM Jaitley said that in every budget he has been making efforts to put surplus money in the hands of the middle-class taxpayer.
  • Confident of limiting the fiscal deficit target for 2018-19 within 3.3%, the finance minister said.
  • Focused to develop the rural and agricultural sector, says Arun Jaitley after presenting Budget 2018.
  • FM Jaitley told media that Budget 2018 lends fiscal prudence to the requirements and needs of the economy today.
  • From April 1, PAN to be used as Unique Entity Number for non-individuals.
  • Government makes PAN number mandatory for any entity entering into a financial transaction of Rs 2.5 lakh or more.
  • The Budget 2018, will accelerate economic growth, it is focused on all sectors, said PM Modi.
  • FM Jaitley said economy firmly on course to achieve high growth of 8%.
  • Manufacturing, services, and exports are back on good growth path.
  • GDP growth at 6.3 per cent in the second quarter of 2017-18 signals turnaround of the economy.
  • Growth in the second half likely to remain between 7.2 per cent to 7.5 per cent.
  • The government approved MSP for all unannounced Kharif crops increased to 150 per cent.
  • For agri-sector institutional credit increased to Rs 10 lakh crore in 2017-18.
  • Aquaculture, fisheries and animal husbandry corpus at Rs 10,000 crore.
  • New scheme Operation Greens with an outlay of Rs 500 Crore
  • In next few years, government to develop and upgrade existing 22,000 rural haats.
  • Allocation for Ministry of Food Processing doubled to Rs.1400 crore
  • Agri-Market Infrastructure Fund with a corpus of Rs 2000 crore.
  • For Self Help Groups (SHG) loans to increase to Rs 75,000 crore by March 2019.
  • For National Rural Livelihood Mission increased allocation to Rs 5750 crore.
  • Under Ujjwala Scheme distribution of free LPG connections will be given to 8 crore poor women
  • In rural areas, one crore houses to be built by 2019 for poors.
  • Clean Ganga: Of 187 projects have been sanctioned, 47 complete.
  • Banks of Ganga declared open defecation free.
  • Rs 1200 crore for the National Health Policy, 2017, an additional Rs 600 crore for TB patients.
  • 24 new Government Medical Colleges and Hospitals.
  • Ekalavya Model Residential School to be set up for tribal children.
  • FM Jaitley also announced world’s largest government-funded health care programme titled National Health Protection Scheme.
  • Allocation of Rs 3794 crore for Medium, Small and Micro Enterprises (MSMEs).
  • Target of Rs 3 lakh crore for lending under MUDRA Yojana.
  • This year 70 lakh formal jobs to be created.
  • For new employees, government to make 12 per cent contribution in the EPF for all the sectors for 3 years.
  • Railways Capital Expenditure pegged at Rs.1,48,528 crore.
  • Mumbai’s local train to have 90 kilometres of double line tracks at Rs.11,000 crore cost.
  • For creation and augmentation of telecom infrastructure Rs. 10000 crore allotted.
  • To revise emoluments to Rs 5 lakh for the President of India.
  • Rs 4 lakhs for the Vice President of India.
  • Rs 3.5 lakh per month to state Governor.
  • Pay for MPs – law for automatic revision of emoluments every 5 years.