• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Sunday, June 8, 2025
25 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    T20 Mumbai League: Shreyas Iyer-led Mumbai Falcons, Eagle Thane Strikers reach semis

    T20 Mumbai League: Shreyas Iyer-led Mumbai Falcons, Eagle Thane Strikers reach semis

    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    T20 Mumbai League: Shreyas Iyer-led Mumbai Falcons, Eagle Thane Strikers reach semis

    T20 Mumbai League: Shreyas Iyer-led Mumbai Falcons, Eagle Thane Strikers reach semis

    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Main

Union Budget: Boost to farmers’ income

ENEWSTIME Desk by ENEWSTIME Desk
February 1, 2018
in Main
Fin Min Arun Jaitley presents Budget 2018-19 in Parliament
30
VIEWS
Share on FacebookShare on Twitter

February 01, 2018: The BJP-led NDA Government presented the Union Budget for 2018-19 today.

ADVERTISEMENT

A slew of measures for the agriculture and rural sectors, a new health insurance scheme for the poor and some relief in income tax for the salaried class and senior citizens, were major announcements made by Finance Minister Arun Jaitley in the last full budget before the general elections.

Presenting his fifth straight budget in the Lok Sabha, Mr. Jaitley said, the focus of the government in the coming fiscal would be agriculture and rural India.

The Finance Minister announced that all Kharif crops will be paid a Minimum Support Price that is 50 per cent more than the cost of production.

Mr. Jaitley said, it will prove an important step towards doubling the income of the farmers.

ADVERTISEMENT

He also announced that credit to agriculture would be raised to 11 lakh crore rupees in the coming fiscal from 10 lakh crore rupees.

Kisan Credit Card will be extended to fisheries and animal husbandry farmers while 2,000 crore rupees provided for
development of agri market. In a bid to provide universal healthcare, Mr Jaitley announced a ‘National Health Protection scheme’ to provide health cover of upto 5 lakh rupees to each of the 10 crore poor family per year.

Mr Jaitley also announced 100 per cent tax deduction for farm producer firms with 100 crore rupees turnover. The standard deduction allowed will benefit 2.5 crore people.

While keeping the income tax rates and slabs unchanged, the Finance Minister introduced a 40,000 rupees Standard Deduction for salaried employees and pensioners in lieu of transport and medical expenses.

Presently, no tax is applicable on 19,200 rupees of transport allowance and medical expenditure of up to 15,000 rupees.

Senior citizens will get higher exemptions on income from interest on bank and post office deposits, health insurance
premium and critical illness expense.

Their exemption of interest of income on deposits has been increased from 10,000 rupees to 50,000. The investment limit under the scheme for senior citizens has been doubled to 15 lakh rupees.

The target for providing free LPG connection to poor has been raised to 8 crore from 5 crore and 4 crore poor households will be provided free electricity connections.

The Budget announced allocation of 600 crore rupees towards nutritional support of tuberculosis patients and setting up of 24 new medical colleges and hospitals by upgrading district level ones.

The total budget for health, education and social security has been increased to 1.38 lakh crore rupees for 2018-19 from 1.22 lakh crore rupees in the current fiscal.

With excise duty and service tax being subsumed in the Goods and Services Tax, Mr. Jaitley made changes only in customs duty — raising them in case of mobile phones and lowering for raw cashew.

The allocation for Defence sector has been increased by 5.8 per cent to 56000 crore rupees. Two new defence industrial production corridors will be developed.

Turning to Railways, the Capital expenditure for the current budget has been pegged at 148 thousand crore rupees.

The emoluments of the President, Vice President and the Governors have been revised after long 12 years.

The emoluments of the President per month will be five lakh rupees.

Vice President will get four lakh rupees and the Governors 3.5 lakh rupees per month.

The Finance Minister India is firmly on course to achieving over 8 per cent growth and becoming the world’s 5th largest economy.

He said it has achieved an average growth of 7.5 per cent in the first three years of the Modi government.

The country is expected to grow at 7.2 to 7.5 per cent in the second half of the current fiscal ending 31st March .

The Fiscal Deficit has been pegged at 3.3 per cent of the GDP as against 3.2 per cent previously targeted. Fiscal deficit in 2016-17 was 3.5 per cent of the GDP. (AIR News)

Tags: Home BannerKisan Credit CardMinimum Support PriceUnion Budget

Related Posts

Eid-al-Adha-India-Bangladesh-Border-Trade
Main

Eid-al-Adha: India-Bangladesh Border Trade to remain suspended

June 5, 2025
Dreaded-Maoist-leader-Basavaraju-among-27-killed-in-Chhattisgarh-encounter
Main

Dreaded Maoist leader Basavaraju among 27 killed in Chhattisgarh encounter (Lead)

May 22, 2025
Indo-Pak Tension: How Tripura and NE States Are Supporting Students
Main

Indo-Pak Tension: How Tripura and NE States Are Supporting Students

May 10, 2025
POs-of-Bihar-State-Administrative-Services-visit-Jampui-Hill-under-North-Tripura
Main

POs of Bihar State administrative service tour Jampui Hill during exposure visit

May 8, 2025
Biodiversity-and-Sustainable-Development-Potential-of-Northeast-India
Main

Manipur Guv Highlights Biodiversity and Sustainable Development Potential of Northeast India

April 26, 2025
Tripura-CM-directs-SPs-and-DMs-to-remain-vigilant-about-Pakistani-nationals
Main

Tripura CM directs SPs and DMs to remain vigilant about Pakistani nationals

April 25, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

South Korean court orders Mitsubishi to compensate 107-year-old

T20 Mumbai League: Shreyas Iyer-led Mumbai Falcons, Eagle Thane Strikers reach semis

Indore couple case: Meghalaya BJP minister backs families’ CBI probe demand

Kannada star Kiccha Sudeep showers praise on director Abishan Jeevinth's 'Tourist Family'

Nifty Microcap 250 rises 12.10 pc in May, Smallcap 250 grows 9.59 pc

Kolkata Police probe 'Maoist' leader's ransom threats to businessman

Contact us

ssss

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP