Highlights of Union Budget 2018

*Highlights of Union Budget 2018*

* Current Indian economy is of 2.5 trillion USD

* GDP  for year 2018-19 to be seen At 7.4%

* Growth to be seen from 8% to 15%

* Fiscal Deficit 3.5% of GDP (17-18 ) and taget 3.3% (18-19)

* MSEM's turnover up to Rs.250crs tax slab will be 25%

* No changes in Personal Income Tax structure

* Rs.40000 Standard deduction to salaried taxpayers😁😁

* Sr. Citizen income from interest non TDS limit increase from Rs.10000 to Rs.50000😁

* 80D limits for Sr.citizen increases from Rs.30000 to Rs.50000 (mediclaim) 😁

* Disinvrstments targets are Rs.80000 crs for FY 18-19 😁😁

* LTCG on equity 10% applicable on above 1 lac investments 😞😞

10% Dividend distribution tax on dividends from Equity mutual funds

* 10000 Crs allocation for Fishiers , Aquaculture

* Exports to grow at 15%

* Double Farmers income by 2022

* MSP for kharif crops to be 1.5× cost of production

* Help for Affordable homes 51 lac in Rural and 37 lac in Urban areas

* 8cr poor women will be given free GAS connections

* National health protection scheme for 10cr poor families (Rs.5 lac free health care)

* Allocation of Rs.1000 crs for RISE

* Rs.3794 crs allocation for credit support to MSME's

* Target Mundra loan of 3 lac crs next FY

* Setting 24 new govt medical colleges

* Allocation of Rs.7148 cr to textile sector

* 1400 crs  allocation for food processing sector

* Highway construction target of 9000 kms by year end

* 1.48 lac crs allocation to Railways

* More then 25000 foot falls will have elevators

* Allocation of 17000 crs to Bengluru for Metro Network

* Allocation of 11000crs to Mumbai Railway

* Outlay 2.04 lakh crs for smart cities

* SEBI to mandating large corporates for 25% Debt from market

* Do not consider cryptocurriences as legal tender

* Allocation to Digital India Rs.373 crs

* Proposes extra expenditure on Infra of Rs.5.97 lakh crs