Budget 2018 Factors – 01st Feb 2018
Budget 2018 Key Factors & Points that can change the markets. In upcoming market and public of India looking for the Government budget of 2018. Here are the main focus points given below:
11.04 am: Finance Minister Arun Jaitley starts presenting the budget 2018-19.
11.07 am: Promised to reduce poverty, expedite infra creation.
11.08 am: Achieved 7.5% average growth in first 3 years of NDA government.
11.08 am: Manufacturing sector is back on growth path.
11.09 am: 6.3% GDP growth signalled turnaround in economy
11.10 am: Export expected to grow at 15% in FY18.
11.13 am: DBT has reduced corruption & cost of delivery.
11.13 am: Focus is now on ease on living after ease of doing business.
11.13 am: On track for GDP growth of over 8%.
11.14 am: Emphasis on generating higher income for the farmers.
11.15 am: MSP for Kharif crops to be 1.5X of cost of produce.
11.16 am: Want farmers to earn 1.5x the cost of their produce.
11.19 am: Setting up an agricultural market fund with corpus of Rs 2,000 crore.
11.21 am: eNAM to be exempted from APMC regulation.
11.22 am: Allocation to food processing to be doubled from Rs 715 crore last year to Rs 1400 crore in 2018-19.
11.23 am: Food processing industry growing at average 8% per annum.
11.23 am: 470 APMCs connected to eNAM.
11.25 am: Government proposes to launch Operation Green for which sum of Rs 500 crore will be allocated.
11.26 am: Allocate Rs 10,000 crore for fisheries, aqua cultural and animal husbandry funds.
11.28 am: Allocate Rs 1,290 crore to National Bamboo Mission.
11.29 am: 8 crore poor families will be given free gas connection under Ujjwala Scheme.
11.30 am: Proposes to extend Kisan Credit Card to fisheries & animal husbandry farmers.
11.31 am: Targets constructing 2 crore Toilets in FY19.
11.34 am: Allocate Rs 16,000 crore to Pradhan Mantri Saubhagya Yojana.
11.36 am: To initiate special integrated B-Ed programme to teachers.
11.37 am: Railway University to be set-up at Vadodara.
11.38 am: Total investment of Rs 1 lakh crore for RISE.
11.39 am: Two new Planning & Architecture schools to be set-up in IITs.
11.40 am: Allocate Rs 1,200 crore for Specialised Health Wellness Centre.
11.41 am: Government allots Rs 9,975 crore for social security schemes.
11.42 am: National Health Protection Scheme for 10 crore poor families.
11.45 am: PMJBY to be expanded to all poor households.
11.47 am: Rs 5 lakh medical insurance cover per year for 10 crore families across the country.
11.48 am: Ayushman Bharat Programme a move towards Universal Health Care Coverage.
11.50 am: Rs 16,730 crore allocated for rural sanitation.
11.50 am: Will soon announce measures for SME NPAs.
11.51 am: Target Mudra Loans for Rs 3 lakh crore next FY.
11.51 am: Govt to establish a dedicated affordable housing fund under National Housing Bank for priority sector lending.
11.52 am: Setting up 24 new Government medical colleges.
11.53 am: MSMEs sector gets Rs 3,794 crore in the form of capital support and interest subsidy.
11.55 am: Need investment of Rs 50 lakh crore for infrastructure sector.
11.58 am: 99 cities selected under Smart City Mission.
11.59 am: Proposed construction of tunnels under the SELA Pass.
12.01 pm: Highway construction will exceed 9000 km by end of FY18.
12.02 pm: Significant movement in achievement of the railways.
12.02 pm: Railway Capex for FY19 at Rs 1.48 lakh crore.
12.03 pm: Confident of completing 9000 kms national highways to be by 2018-19.
12.04 pm: Allocate Rs 17,000 crore for Bengaluru metro network
12.04 pm: Allocate Rs 11,000 crore for Mumbai rail Network.
12.06 pm: 99 smart cities have been selected with an outlay Rs 2.04 lakh crore.
12.07 pm: Govt to eliminate 4267 unmanned rail crossings in broad gauge in 2 years.
12.08 pm: Allocated Rs 60 crore to kick start the airport expansion.
12.11 pm: Allocation to Digital India doubled to Rs 373 crore.
12.13 pm: SEBI to mull asking large companies to meet 25% debt from bond market.
12.14 pm: Government to explore use of Block Chain Technology for payments.
12.18 pm: Government to evolve a scheme to assign a Unique ID for companies.
12.19 pm: PSU bank recap will allow banks to give additional lending of Rs 5 lakh crore.
12.20 pm: Salary of President raised to Rs 5 lakh.
12.22 pm: Allocate Rs 150 crore for commemoration of Mahatma Gandhi.
12.22 pm: Law to be introduced to fix MPs’ salary every 5 years indexed to inflation.
12.23 pm: Proposes inflation-linked revision of salary of Members of Parliament.
12.24 pm: FY19 fiscal Deficit target at 3.3% of GDP.
12.27 pm: 85.51 lakh new taxpayers have filed returns for FY17.
12.29 pm: Direct taxes growth at 12.6% this year.
12.30 pm: Revised fiscal deficit target of 3.5% of GDP at Rs 5.95 lakh crore for the current fiscal.
12.32 pm: Footwear & leather industry to get benefits extended to Apparel industry.
12.33 pm: Corporate tax for companies with turnover up to Rs 250 crore cut to 25%.
12.34 pm: Government will aim to lower debt to GDP ratio to 40%.
12.35 pm: No change in Personal income tax structure.
12.36 pm: Standard deduction of Rs 40,000 crore for salaried taxpayers.
12.38 pm: To set up comprehensive gold policy; to revamp Gold Monetisation Scheme.
12.38 pm: Number of tax payers increased to 8.27 crore from 6.47 crore.
12.39 pm: Deduction for senior citizens with critical illness raise to Rs 1 lakh.
12.40 pm: 100% tax deduction to companies with revenue of Rs 100 crore registered as farmer producers.
12.42 pm: Rs 19,000 crore revenue loss on Direct tax.
12.43 pm: Government levies long-term capital gains tax of 10% for over Rs 1 lakh investment.
12.44 pm: Short-term capital gains tax continues to be 15%.
12.48 pm: Propose next Financial Year health, education cess at 4%.
12.50 pm: Propose to amend income tax act for electronic assessments.
12.50 pm: Propose to cut import duty on raw cashews to 2.5% from 5%.
12.53 pm: FM announced 2 defence industrial production corridors to be set up
12.56 pm: NHAI to make use of Toll-Operate-Transfer model & InvITs to mobilise funds
1 pm: Tourist facilities to be upgraded at 210 important monuments.