Fince Minister Arun Jaitley on 1st February 2018 presented the Budget in Parliament.
The following were proposed by Fince Minister for Budget 2018:
Custom duty on mobile phones increased to 20% from 15%.
Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets
Proposed to raise institutiol credit for agriculture to Rs 11 Lakh Crore for 2018-19
To increase the target of providing free LPG connections to 8 crore poor women
To further construct 2 crore toilets under Swachh Bharat Mission
24 new govt medical colleges and hospitals to be set up by upgrading existing district hospitals
Announce allocation of Rs. 56,619 crore for SC welfare and Rs. 39,135 crore for ST welfare
Proposed construction of tunnel under the Se-La pass in Aruchal Pradesh
All railways stations with more than 25,000 footfall to have escalators. All railways stations and trains to have Wi-Fi and CCTVs progressively
Focus will be on safety, maintence of railway tracks, increase in use of technology and fog safety devices
UDAN (Ude Desh ka Aam agrik) scheme will connect 56 unserved airports and 31 unserved helipads
Airports Authority of India which now has 124 airports, will be expanded by 5 times. Aim of 1 billion trips a year.
1 lakh Gram Panchayats connected to optic fibre completed; 5 lakh Wi-Fi spots to be created in rural areas.
Will take all steps to elimite the use of Crypto-Currencies, will encourage Blockchain technology in payment systems.
Proposed two defence industrial corridors in the country to promote domestic production in both public and private sectors.
For senior citizens, exemption of interest income on bank deposits raised to Rs 50,000.