Finance Minister Shri. Arun Jaitley to present the Union Budget on February 1stwhich will be the first budget post-GST. This is the last full budget of the current government before the 2019 General Elections.
The Railways to make a provision of around Rs 3,000 crore in its budget for 2018-19 to install CCTV systems in all 11,000 trains to provide safety and security at rail premises.
General Budget 2018-19 and Railway Budget will be presented on February 1st. This year's budget comes at a crucial time after the two historical policy decisions such as Demonetisation and GST.
Government may increase import duty on certain items such as Power, Capital Goods and Chemicals.
The farm credit target may be raised by Rs. 1 lakh crore to a record Rs. 11 lakh crore.
The personal income tax exemption limit may be raised from Rs. 2.5 lakh to Rs. 3.0 lakh.
Policies to promote Electric Vehicles (EV) may include reducing GST rates for Hybrid and Electric Vehicles.
The industry wants GST to be reduced to 5% from the current 12%.+
Tax deducted at source limit for bank interest should be raised from the current Rs 10,000.+
National Health Protection Scheme for 10 Cr poor families 5 lakh/year/family for 10 cr families+
Oil and Gas sector wants the Government to rationalize cess on crude oil, cut import duty on LNG and reduce excise duty on CNG.+
2 Defence industrial production corridors to be developed.+
Railway Capex for Fy19: 1.48 lakh cr+
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