Budget 2018 Live Updates: Live streaming

Prime Minister Narendra Modi has arrived in Parliament for the presentation of Budget 2018 by Finance Minister Arun Jaitley at 11am.

Live coverage – Union Budget 2018-19

• Sensex down by 350 Points
• Increase of Custom Duty of Some Items, Increase in custom duty on Mobile form 15% to 20%
• Education Cess increased from 3 % to 4%
• Payment exceeding Rs. 10000 to trust will subject to tax
• Incentives for Senior citizens: Exemptions in income of Rs 10,000 from Banks FD and post offices
• Big relief for senior citizens,critical illness deduction for senior citizens,to Rs. 80,000
• Personal income tax tax rates remain unchanged
• No Changes for Salaried Tax Payers
• Rs. 40000 std deduction for medical reimbursement for salaried employees
• Reduced corporate tax rate to 25% for companies having turnover upto Rs. 250 Cr
• 100% deduction will be allowed to farmer producer companies upto Rs. 100 Crore
• The effective number of taxpayers from 2014 to today has increased in great numbers,19.25 lakh new tax payers have emerged
• Direct tax collected up by 12.6%
• 3.3% Fiscal Deficit Projection
• New Law to govern the salaries of Members of Parliament,5 year revision of Mp salaries
• 3 more insurance companies to get listed after the merger of two
• ONGC has succesfully acquired HPCL
• Govt does not consider crypto currencies legal tender or coin
• Railways Safety is the biggest prioirty for railway sector
• Huge air connectivity project unleashed by Modi Government
• Massive investment in Bengaluru and Mumbai Rail infra service
• All railways station with more than 25000 footfalls will have escalators
• 99 cities are selected under smart city mission
  
• Rs.7148 Crore allocated to textile sector
• Changes in Employer Provident Funds,New Employee Govt EPF contribution will be 12%,EPF Act will be amended for woman taxpayers- Contribution has been reduced from 12 % to 8%
• Jan Dhan yojana to cover 600 million asccounts
  
• Rs. 3 lask crore target for mudra yojana

• MSMEs sector gets Rs 3,794 crore in the form of capital support and interest subsidy

• Cleaning of the GANGA river is our national mission
• Govt will expand PM Jan Dhan Yojana: All 16 crore accounts will be included under micro-insurance and pension schemes
• 1 medical college for every 3 parliament constituency

  24 new govt medicalcolleges will ne set up

  1 medical college for every 3 parliament const

  beti bachao beti padhao launched in january 2015 is a great success

  New national health care scheme announced
• Rs. 1,200 crore for health wellness centres
• Rs. 5 lakh cover per family for 10 cr people
• National Health protection scheme to cover 10 Crore Family (50 crore beneficiaries)
• 2600 Crore for Agriculture for “Har Khet Me Pani”
• 13 lakh untrained teachers will be trained
• Launch of Education scheme “RISE” by 2022
• Sensex up 200 pts positive towards budget
• Special University at vadodara
• Eklavya schools for SC tribes
• 1.75 crore houses to get electricity
• Rural infra allocation 14.34 lakh crore
• 51 lakh new houses to be built
• PM Saubhagya Yojana: 4 crore poor will get power connection. The govt will spend Rs 16,000 crore on this scheme
• 2 crore toilets will be built _- Big Swacch bharat Abhiyaan
• Farm credit hiked to Rs.11 lakh crores
• 8 Crore free gas connection under ujjwala scheme
• Special Scheme to Curb Air Pollution in Delhi-NCR
• Agri Market Infra FunD will be set up
• Allocation in food processing ministry is being doubled to Rs 1,400 crore from Rs 715 crore. State-of-the art facilities to be set up in 42 mega food parks

• Agri market and infra fund of Rs 2000 crore fund will be set up to strengthen the market connectivity

• MSP(min. support price) to increase by 1.5 times
• Finance Minister Arun Jaitley has made a big announcement for farmers right at the start of Budget 2018, saying the MSP for crops will be 1.5 times the production cost
• Government to developappropriate policies
• Government is trying to allocate natural resources in more transparent manner.
• Indian economy is expected to become the 5th largest economy very soon
• It is right now the 7th largest economy in the world
• Indian economy is now 2.5 trillion dollar economy in the world and expected to become the fifth largest economy very soon.
• IMF has projected India will grow at 7.4% next year. We are set to achieve high growth
• Finance Minister has started budget speech
• Finance Minister will present start Budget speech in 5 mins
• It will be interesting to see ifexemption limit increases from Rs 2.5 lakh to Rs 3 lakh.
• Corporate Tax Cut Could be Govt’s ‘Brahmastra’