India Union Budget 2018 Highlights: Imported cars, juices, mobiles, gold, silver to be costlier
Budget | Feb 01, 2018, 05:07 PM ISTThe government has hiked customs duty on numerous consumer goods.
The government has hiked customs duty on numerous consumer goods.
Here is the full text of Finance Minister Arun Jaitley's Budget speech in Parliament, part 2:
Here is the full text of Finance Minister Arun Jaitley's Budget speech in Parliament, part 1:
Finance Minister Arun Jaitley announced a capital expenditure of Rs 1.48 lakh crore for the Indian Railways in his Budget 2018 speech, the largest ever.
Gains from sale of stocks after one year were exempt from capital gains tax. Following the announcement, the benchmark BSE Sensex plunged over 400 points but recovered later.
56 unserved airports and 31 unserved helipads will be connected under UDAN scheme, Jaitley said.
Congratulating Finance Minister Arun Jaitley and his team, Modi said farmers, Dalits and tribal communities will gain from the budget.
"Cryptocurrencies are not legal tender and the government discourages its use. However, the government will look at the utilisation of Blockchain (a distributed digital technology that supports crypto currencies)," Jaitley said.
The move to raise duty on mobile phones is likely to hurt players like Apple that import most of their phones from China, thereby compelling them to consider manufacturing higher number of models in india.
Finance Minister Arun Jaitley said the government will develop two defence industrial production corridors and bring out an industry-friendly military production policy to promote the domestic defence industry.
Presenting the Union Budget 2018-19, the finance minister however proposed a marginal releif to tax payers by introducing new standard deduction of Rs 40,000 cr for salaried taxpayers.
Unveiling the Union Budget 2018-19, the Modi government today kept the personal income tax slabs unchanged, while allowing a standard deduction of Rs 40,000.
The announcement regarding this was made by Union Finance Minister Arun Jaitley during his Union Budget presentation in Lower House of Parliament.
In a boost to the healthcare sector, the government today announced that two crore more toilets will be constructed under the ‘Swachh Bharat Mission’, a flagship programme of the Modi government aimed at cleanliness.
Here are the highlights of FM Jaitley's budget speech focussed on education:
Highlights of the Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitley on Thursday:
The pollution has been a concurrent issue, especially during early winter months when the smog causes severe respiratory and skin diseases to people in the region.
The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 per cent, to 36,136.40.
In his Budget speech, Jaitley said this year, the focus is on strengthening agriculture sector and besides 'ease of doing business', the government is also focusing on 'ease of living' now.
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