Budget 2018: Live updates

The Budget for Financial Year (FY) 2018-19 will see the balancing act to keep the fiscal deficit and inflation under control along with the increased government expenditure to give boost to GDP and job creation.

Finance minister Arun Jaitley will present what could be called as the last financial budget of NDA in this term. See the live updates here at Webdunia.

* We have successfully reversed policy paralysis :Arun Jaitley

* Indirect tax system made simpler: Fin minister

*India expected to become 5th largest economy very soon, 7th now says FM

* India is on track to achieve 8 % GDP growth: Arun Jaitley

* Our government committed to boosting farmers production: Fin minister

* We will increase MSP by 150%: Arun Jaitley

*Ujjwala Yojana helped millions of poor get free LPG connection: Finance Minister

* Govt to launch operation green of worth 500 cr: FM

*Govt proposes to set up state-of-the-art testing facilities in 42 mega food park.

*National Bamboo Mission to be launched with an allocation of Rs. 1290 crore.

*FM allocates Rs 10,000 cr for fisheries & aquaculture, animal husbandry funds.

* 8 crore females to have free gas provisions; 4 crore homes to be provided with electricity: FM

* Budgetary allocation for food processing ministry doubled to Rs. 1400 cr.

*Free housing for all by 2022: Arun Jaitley

* Quality of education dependent on teachers; setting up better BED institute.

*FM:2600 crores allocated for Groundwater irrigation scheme.

*Micro Insurance and Pension scheme through Pradhan Mantri Jan Dhan Yojana.

* Rs 14.34 lakh crores for rural livelihood, 321 crore person-days of work to be created.

* FM proposes 2 cr toilets under Swachh Bharat in the next fiscal year. 

*National Health Protection Scheme to cover 100 million poor families.

* Mega government funded #healthcare program for 50 crore citizens.

* Govt has Sanctioned 187 Projects Under NAMAMI Ganga.

* Govt to contribute 12 pc under EPF for all  employees in next 3 years. 

* 99 cities selected for #smartcitiy initiatives, with an outlay of INR 2.04 lakh crores.

* 5 lakh rupees per family per year will be allocated under  under National Health Protection Scheme for Medical reimbursement.

*Jaitley expresses confidence in completing national highways exceeding 9,000km under Bharatmala project

*AI, machine learning , digital transformation, NITI Ayog to establish center to boost Artificial intelligence

*Water supply contracts for 494 projects worth 19,428 core awarded: FM

* Disinvestment target of Rs 80,000cr for 2018-19 : FM Jaitley

* Govt to allocate Rs 7,140 crore for textiles sector in 2018-19.

* Salary of President raised to Rs 5 lakh, Vice President to Rs 4 lakh, governor to Rs 3.5 lakh.

*Defence Industrial Production Policy to be established in 2018.

* GST revenue has been estimated for 11 months instead of 12 months which will have a fiscal impact for FY 2017-18.

* 41 pc more returned filed this year :FM

* Taxpayer base is now 8 crore. 

* No relaxation in income tax rates.

* All trains to be progressively provided with WiFI, CCTV and other state-of-the-art amenities: FM 

*All senior citizens can claim benefit of reduction Rs. 50,000/ year w.r.t any general health expenditure and health insurance premium: FM