This budget is Rural Budget, infra Budget, Populist budget, Budget for health, and A budget Opening some new ways to Raise Revenue for govt like LTCG. India Inc maybe not have received anything significant out of It. I am mentioning the Highlights of the Budget and their analyses.

  • The fiscal deficit Expected for FY 19 is 3.3%, Divestment Target 80000.  85.51 Lakh new taxpayers. IMF Expects growth of 7.5%. The revised Estimate of Expenditure is 21.57 billion. Defense outlay raised to Rs 2.82 lakh crore in 2018-19 from Rs 2.67 lakh crore in the current year. Food subsidy to rise to Rs 1.69 lakh crore in 2018-19 from Rs 1.4 lakh crore in the current year.
  • Agriculture is another Big Beneficiary. This budget accepts Agriculture as an enterprise and proposes making double income on the same land parcel. All agriculture products will receive MSP 1.5 times on cost from the Previous Pridecided. APMCs are playing an essential role for India Agri. So govt planning to open more than 2200 APMCz. The farm loan limit will be increased from 10 Lakh Crore to 11 Lakh Crore. Also, The Government system will be set up to pay the difference between MSP and market price if the price goes down of MSP. Aquaculture funds introduced 10000 cr. Even lessee Farmers, farmers who leased land and then made income, now can take loans on it. The agricultural market and infra fund of Rs 2000 crore fund will be set up to strengthen the market connectivity. Rs 10,000 crore set aside for animal husbandry infra fund. Propose to launch a restructured bamboo mission with a fund of Rs 1200 crore. Because 

Bamboo is green Gold

  • Personal Income tax doesn’t receive any big Thing—no change in tax slabs. But standard deduction is increased up to 40000 before 35200 was non-tax. Now it is gone. Income tax ses is currently 4% transport, and medical allowance is gone. Senior citizens received a deduction of 50000 from Medicaid. 1 Lakh medical expenses exempted from tax. A surcharge of 10% on income above Rs 50 lakh but less than Rs 1 cr will continue next year; 15% on income above Rs 1 cr will continue.
  • 14 lakh Cr for rural infra and 5.35 billion Road infra, 1.5 billion for the railway, 2 billion for Smart city. that is all. Even though the Railway budget is part of the Central Budget. Nothing mentioned. The airport received a significant plus. capacity will be five times bigger in the upcoming time
  • Only one PSU general insurance company is listed. The remaining will be merged and listed. Then why not combine them with New India assurance.
  • The capital market is one that received a slap. LTCG is introduced. plus, Investors’ favorite per-month dividend mutual funds are now under the tax of 10%
  • Healthcare ( Or should I say the Indian Version of the Affordable Care Act ) is planned in the budget will give rupee 5 lakh per family healthcare expenditure. Good. Plus 15000 Tax deduction on Health expenditure.

 

  • GST collections projection pegged at Rs 7.43 lakh crore in full-year 2018-19 as against Rs 4.44 lakh crore in nine months of current fiscal.