In his Budget 2018 speech, Finance Minister
Arun Jaitley has vowed to keep fiscal deficit at 3.3%. The President’s
salary will go up to Rs 5 lakh a month, the Vice-President’s salary will
rise to Rs 4 lakh per month and the Governor’s pay will rise to Rs 3.5
lakh a month.
Jaitley also announced a Rs 150 crore fund to celebrate
the 150th anniversary of Mahatma Gandhi. As per Budget 2018, Bengaluru
Metro will get Rs 17,000 crore and Rs 11,000 crore will be allocated to
Mumbai rail network.
Jaitley has also increased the earmarked allocation
for Scheduled Castes (Rs 56,000 crore) and Scheduled Tribes (Rs 39,000
crore) in Budget 2018.
He announced the National Health Protection
Scheme, the world’s largest government-funded universal healthcare
programme, in his Budget speech.
In the beginning, Jaitley announced
higher MSP for farmers and an operation green to boost produce; welfare
schemes for villages and promised to take education digital.
He said
that the government’s focus will shift from Ease of Doing Business to
Ease of Living for poorest of the poor. Breaking with tradition, Jaitley
is delivering the speech both in Hindi and English.
This is the
Narendra Modi government’s first post-GST and last pre-poll Budget.
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