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Union Budget 2018 Highlights

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..... Union Budget 2018 Highlights - By: - CS Swati Dodhi - Income Tax - Dated:- 1-2-2018 - - 1. Allocate 1290 Cr. for National Bamboo Mission 2. Setting up an Agriculture Market Fund for ₹ 2000 Cr. 3. Allocate 10000 Cr. For Fisheries and Aquaculture and Animal Husbandry fund. 4. 8 Cr Families will be given Gas Connection for free under Ujwala scheme. 5. 16000 Cr for PM Sab .....

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..... hagya yojana 6. Target constructing 2Cr Toilets in FY19 7. Total Amt to be spent to improve Rural Livelihood to be 14.30 Lakh Cr. 8. Propose to allocate 11 Lakh Crore for Instl Credit for farm sector next FY 9. Launching Programe RISE for revitalisation of Infra, Edu System with an investment of 1 lakh Cr. 10. National health Protection Programme for 10 Cr Poor Families. .....

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..... 11. ₹ 5 Lakh per family per year for 10 crore families will be allocated. 12. Allocate 1200 crore for specialised health wellness centres. 13. Pojects under the Namami Gange Programme have been completed. 14. Allocate ₹ 1.38 Lk Crore in FY 19 For Govt health Educational Programmes. 15. Target Mudra Loans for ₹ 3 lakh Cr Next FY 16. Propose review of .....

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..... refinancing criteria under mudra scheme. 17. Allocate 7148 Cr for Textile sector 18. Women Contribution to EPF to be reduced to 8% for first 3 years. 19. Highway construction will exceed 9000 km by end of FY18 20. 35000 KM to be completed under Bharat mala with outlay of 5.35 Lakh cr. 21. Railway Capex for FY19 at 1.48 Lakh Cr. 22. Allocate 17000 Cr for Bengaluru Met .....

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..... ro Network. 23. Allocate 11000 Cr for Mumbai Rail Network 24. SEBI to Mull asking large Cos to meet 25% debt from Market. 25. RBI Norms to nudge Cos to access bond market for fundraising. 26. All means to be curb illegitimate transactions funds by Cryptocurriencies in India. 27. FY 19 Disinvestment target at 80000 Cr. 28. National Insurance, United India Ins Orien .....

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..... tal Ins to Be merge,Listed. 29. Gold monetisation policy to be revamped to make it investment friendly. 30. To Set up comprehensive gold policy: To revamp Gold monetisation scheme. 31. Law to be introduced to fix MPs salary every 5 years indexed to Infin. 32. Total fiscal deficit 3.3% estimated this year. 33. Committed to 3% fiscal deficit FY 19 onwards. 34. Total Rev .....

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..... ised expenditure of 21.57 Lk Cr. This FY. 35. Growth in Direct Taxes @ 18.57% 36. 100 % deduction of Farmer producer companies 37. Footwear Leather industry to get benefit under direct tax. 38. Reduced corporate rates i.e 25% has been extended to all companies having turnover less than 250 Cr. 39. No Changes in Personal slab rates. 40. Standard Deduction of 40000 S .....

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..... alaried taxpayers in lieu of Transport and Medical Exp. 41. Deduction for Senior citizen increased to 50000 for Medical Exp., 1L for Critical illness. 42. Tax on Long Term Capital Gain above ₹ 1L @ 10% with no indexation. 43. Shares Purchased before 31 Jan shall be exempted however. 44. Proposed to Amend Income Tax act for electronic assessment. - - Scholarly articl .....

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..... es for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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