Highlights of Union Budget 2018



  • Current Indian economy is of 2.5 trillion USD
  • GDP for year 2018-19 to be seen At 7.4%
  • Growth to be seen from 8% to 15%
  • Fiscal Deficit 3.5% of GDP (17-18 ) and target 3.3% (18-19)
  • MSEM's turnover up to Rs.250crs tax slab will be 25%
  • No changes in Personal Income Tax structure
  • Rs.40000 Standard deduction to salaried taxpayers
  • Sr. Citizen income from interest non TDS limit increase from Rs.10000 to Rs.50000
  • 80D limits for Sr.citizen increases from Rs.30000 to Rs.50000 (mediclaim)
  • Disinvestment targets are Rs.80000 crs for FY 18-19
  • LTCG on equity 10% applicable on above 1 lac investments
  • 10000 Crs allocation for Fisheries , Aquaculture
  • Exports to grow at 15%
  • Double Farmers income by 2022
  • MSP for kharif crops to be 1.5× cost of production
  • Help for Affordable homes 51 lac in Rural and 37 lac in Urban areas
  • 8cr poor women will be given free GAS connections
  • National health protection scheme for 10cr poor families (Rs.5 lac free health care)
  • Allocation of Rs.1000 crs for RISE
  • Rs.3794 crs allocation for credit support to MSME's
  • Target Mudra loan of 3 lac crs next FY
  • Setting 24 new govt medical colleges
  • Allocation of Rs.7148 cr to textile sector
  • 1400 crs allocation for food processing sector
  • Highway construction target of 9000 kms by year end
  • 1.48 lac crs allocation to Railways
  • Outlay 2.04 lakh crs for smart cities
  • SEBI to mandate large corporates for 25% Debt from market
  • Do not consider cryptocurrencies as legal tender
  • Allocation to Digital India Rs.373 crs
  • Proposed extra expenditure on Infra of Rs.5.97 lakh crs