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