Sarkaar ki dakhal aam admi ke jewan main kam se kam hona chahiya
–1.5 times minimum, cost of production for all crops
–More APMCs to be connected to ENAM
–Rural Haats to be converted to Grameen Agri Markets (GRAMs) connected to ENAM and exempted from APMC regulations
–Export of agri commodities to be liberalised
–Kisan Credit Cards to animal husbandry and fishery farmers
–Bamboo grown outside forests taken out of the definition of ‘trees.’
–Special scheme to manage crop residue to deal with air pollution in Delhi
–8 crore rural women to get free gas under Ujwala Yojana
–4 crore rural households to get electricity – Pradhan Mantri Sawbhagya Yojana
allocation or Rs 16,000 crore
–Govt has built 6 crore toilets under Swachh Bharat Yojana, To build 2 crore more
–PMAY (Grameen) – 2017-18 51 lakh houses
–PMAY (Urban) – 36 lakh houses
–Govt to est dedicated affordable housing fund in National Housing Bank to be financed by dedicated bonds
Comprehensive Social Security Program
–Revitalization of Education (RISE)
–It will add 24 new government-run medical colleges and upgrade all existing ones. To have a medical college in every state in the country.
–Rs 1 lakh crore over 4 years
–1000 Prime Minister’s Fellowships to be given to B Tech students for funding their PhD in IITs and IISc.
–National Health Policy – 1.5 lakh centres to provide free essential drugs and diagnostic services
–Indoor treatment in hospitals – Rashtriya Swasthya Bima Yojana – present coverage only Rs 30,000 – flagship National Health Protection Scheme to cover 10 crore poor and vulnerable families (50 crore beneficiaries) by providing up toRs 5 lakh per family per year for secondary and tertiary hospitalization.
–World’s largest government-funded healthcare programme.
–Rs 600 crore to be provided for nutritional support to TB patients of Rs 500 per month. 24 new government medical colleges and hospitals by upgrading existing facilities.
–Pradhan Mantri Jeevan Bima Yojana – Life Insurance Cover
–Pradhan Mantri Suraksha Bima Yojana- Personal Accident Cover
–Govt to further enhance programmes
–Sukanaya Samriddhi Accounts – more than 1.26 crore accounts opened until Nov 2017
–Govt 1.38 lakh – health and education expenditure as against Rs 1.22 lakh crore – estimated
–Mudra Yojana – about Rs 6 lakh crore in credit given – 70% of accounts of women
–Target of 3 lakh Mudra target for 2017-18
–EPF: Women’s contribution reduced to 8% from 12% under EPF for first three years of employment. Employer contribution will remain the same.
—Infrastructure: Projects worth Rs 9.46 lakh crores have been facilitated and fast track
–Govt will contribute 12% of EPF in wages of new employment in all sectors.
–To complete constructing 9000 km of national highways by the end of FY19.
–NHAI to convert road assets into special purpose vehicles such as InVITEs to raise funds
–All railway stations with more than 25000 footfall to have escalators. To eliminate 4267 unmanned railway crossings.
–UDAAN – to connect 56 unserved airports in the country. Operations have started at 16 such airports.
–SEBI will consider mandating corporates to meet 1/4th of financing needs through bond market
–Distributed Ledger System – Blockchain
–Govt does not consider cryptocurrencies as legal tender and will consider taking all measures to eliminate their use in illicit activities
–Govt will consider introducing toll system on pay-as-you-use basis
–Govt to consider establishing a unified authority for regulating all financial services
–372 basis business actions – to be sent to states – to better ease of doing business
–Govt has approved listing of 14 CPSE and 2 insurance companies on stock exchange. Govt has approved strategic privatisation of Air India.
–Bharat 22, a success. Govt will continue with more ETF offers including a debt ETF.
–Disinvestment Target of 80,000 crore in 2018-19
–Equity of NHB to be transferred to Govt from RBI
–Govt to formulate comprehensive gold policy to develop gold as an asset class
–Regulated gold exchanges in the country
–Gold Monetisation Scheme to be revamped.
–Salaries of MPs to be indexed to inflation and revised every five years.
2017-18 GST revenue of 11 months instead of 12 months to be recevied
Shortfall of non tax revenues partly made up by higher direct tax rev and disinvestment
21.57 lakh crore versus 24.47 lakh crore
Fiscal Deficit 2013-14 was 4.4% of GDP
4.1 in 2014-15
3.5 in FY 16-17
3.5% in FY 17-18
Central Govt to bring down debt to 40% of GDP
12.6% growth in direct tax in current year
Average buoyancy in personal income tax – preceding 7 years – 1.1%
For FY 16-17 and 17-18
1.95% and 2.11% respectively
This amounts to 90,000 crore which can be attributed to strong anti-evasion
81.51 lakh new taxpayers filed returns
MSME corporate tax for 2018-19 has been cut to 25% up to revenue of Rs 250 cr
The number of effective taxpayers increased from 6.47 crore 8.27 crore by end of 16-17
Presumptive income scheme 2 crore
50 lakh – professionals
41% more returns
Agri co-op societies – tax-free income to members – include cos registered as farmer producer cos – 100 crore turnover – 5 years from 2018-19
Deduction of 30% given for new employees under 80JJ
Minimum period relaxed for footwear and leather
Real Estate – No adjustment to be made where circle does not exceed 5% of the consideration