BUDGET 2018-19: LIVE UPDATES

 
Last Updated: Thursday 01 February 2018

  • 12:47 PM
    FM: Custom duty on raw cashew reduced from 5% to 2.5 %
  • 12:45 PM
    Health and Education cess will be increased from 3 per cent to 4 per cent: FM
  • 12:33 PM
    The estimate of revenue foregone for giving tax concessions to small, micro and medium companies is Rs 7,000 crore during 2018-19
  • 12:30 PM
    100 per cent tax deduction for farmer producer companies having a turnover of up to Rs 100 crore per year: FM
  • 12:24 PM
    Fiscal deficit for 2013-14 was 4.4 % of GDP, which has come down to 3.5 % of GDP in 2017-18. Projected fiscal deficit for 2018-19 is 3.3% of GDP: FM
  • 12:17 PM
    National Insurance Company, New India Assurance, United India Insurance Company and Oriental Insurance Company will be merged into a single entity: FM
  • 12:13 PM
    Rs 500 crore allocated for operation green for TOP to encourage farmer producers organisations. But the govt report says we need in the range of Rs 3 lakh crore to enhance market access for farmers
  • 12:12 PM
    FM: Rs 3,073 crore will be allocated for the Mission of Cyber Space
  • 12:11 PM
    FM: NITI Aayog will set up a centre for Artificial Intelligence and its applications. Mission of Cyber Space will be set up under The Ministry of Science and Technology.
  • 12:10 PM
    Rs 1290 crore will be allocated for restructuring Bamboo Mission: FM
  • 12:09 PM
    Work on connecting 100,000 gram panchayats with high speed optic fibre network has been completed in the first phase: FM
  • 12:02 PM
    Maintenance of railway tracks will be the focus. 3,600 km of track renewal targeted during the current year: FM
  • 11:59 AM
    FM: Rs 16,700 crore sanctioned for Namami Gange and 1,087 projects sanctioned
  • 11:57 AM
    99 Smart Cities have been selected so far with an outlay of Rs 2.04 lakh crore: FM
  • 11:55 AM
    More than 300 districts covered till now under the Skill Development Programme: FM
  • 11:55 AM
    306 modern skill centres have been established under Pradhan Mantri Kaushal Yojana: FM
  • 11:51 AM
    Rs 3 lakh crore proposed for MUDRA scheme with more than 50 per cent of the beneficiaries being SC, ST and other backward classes: FM
  • 11:48 AM
    Govt's allocation for health and education sectors have increased from Rs 1.28 lakh crore to Rs 1.63 lakh crore: FM
  • 11:47 AM
    667 Ganga Gram Villages declared open defecation-free: FM
  • 11:46 AM
    187 projects sanctioned under Namami Gange scheme. 47 projects have been completed. Rs 16,713 crore allocated: FM
  • 11:42 AM
    Rs 600 crore to provide nutritional support to TB patients at a rate of Rs 500 per month during the tenure of treatment: FM
  • 11:41 AM
    National Health Protection Scheme to cover 10 crore poor families by providing them up to Rs 5 lakh for hospitalisation per family per year: FM
  • 11:40 AM
    FM: Launching flagship national health protection scheme which will cover 10 crore poor and vulnerable families.
  • 11:39 AM
    1.5 lakh health and wellness centres will provide comprehensive healthcare services, including non-communicable services. Rs 1200 crore will be allocated and contribution from Private sectors also expected: FM
  • 11:36 AM
    Total investment of Rs 4 lakh crore for R&D in the coming five years: FM
  • 11:35 AM
    By 2022, every block with more than 50% ST population will have an Ekalavya residential schools: FM
  • 11:32 AM
    Under Har Khet Ko Pani Yojana, 96 deprived districts to be targeted with an allocation of Rs 26 crore: FM
  • 11:32 AM
    FM: For creation of livelihood in rural areas, government allocates Rs 14.34 lakh crore
  • 11:31 AM
    Government will substantially increase budget for National Rural Livelihood Mission to Rs 5,750 crore: FM
  • 11:30 AM
    6 crore toilets constructed so far under Swachh Bharat Mission. 2 crore more toilets need to be built in the coming financial year: FM
  • 11:30 AM
    FM: By 2022, every poor person will have his/her own house.
  • 11:28 AM
    8 crore rural women will get free LPG connection under the Ujjwala Scheme. Earlier target was 5 crore: FM
  • 11:26 AM
    Special scheme will be introduced to address air pollution in Delhi-NCR region and subsidise machinery needed or in-situ management of crop residue: FM
  • 11:25 AM
    Fisheries, aquaculture and animal husbandry sectors will be given a total corpus of Rs 10,000 crore: FM
  • 11:23 AM
    FM: We propose to extend the facility of kisaan credit cards in animal husbandry and fishery to help small farmers.
  • 11:21 AM
    Govt will allocate Rs 200 crore for aromatic and medicinal plants: FM
  • 11:21 AM
    About 475 APMC will be connected to eNAM network and existing 22,000 agri haats will be upgraded: FM
  • 11:20 AM
    The government declares price deficit payment mechanism. The Centre and states will compensate for the shortfall between the realised price and minimum support price: FM
  • 11:18 AM
    In the Kharif season, the farmers will get at least 1.5 times of the production cost: FM
  • 11:15 AM
    In the Kharif season, the farmers will get at least 1.5 times of the production cost: FM
  • 11:15 AM
    Our focus is on generating higher income for farmers. We consider agriculture as an enterprise and want farmers to produce more from same land parcel and get higher price from the same produce: FM
  • 11:10 AM
    Saubhagya scheme is giving 4 crore households access to electricity: FM
  • 11:09 AM
    This budget will focus on providing good health to economically less privileged, creating infrastructure and improving the quality of education in our country: FM
  • 10:37 AM
    Farmers would expect subsidies for cold storage
  • 10:32 AM
    NDA BUDGET TREND: If govt wants to double farmers' income by 2022, it has to focus on National Mission on Horticulture as the sector can generate 8 million additional jobs
  • 10:20 AM
    NDA Budget Trend: The Mid-Day meal scheme deserves a better deal, especially when child malnutrition remains one of the most important risk factors in the country.
  • 10:14 AM
    NDA Budget trend: There has been a 35 per cent decline in allocation for National Rural Drinking Water Programme
  • 10:11 AM
    NDA Budget trend: While budgetary allocation for National Health Mission has seen a 37 per cent rise since 2014-15, there has been no significant increase in allocation for National Urban Health Mission
  • 9:20 AM
    A new scheme for agricultural labourers? Sources point out that government would declare massive rural infrastructure spending and within that a special scheme for low paid or unemployed agri-labourers
  • 9:13 AM
    If NDA declares an universal farm loan waiver, it might cost Rs. 2 lakh crore
  • 9:12 AM
    Exactly 10 years ago, the then UPA government declared Rs. 70,000-crore farm loan waiver; it came to power
  • 9:11 AM
    Rural spending usually goes up in the year preceding elections; this year there are 9 elections
  • 9:11 AM
    Will MGNREGA be branded as an income assurance scheme? Sources say budget may declare a similar restructuring
  • 9:10 AM
    Government may declare a new health insurance policy
  • 6:07 PM
    Health and education sectors may get higher budgetary allocation in the range of 20-25 per cent
  • 4:06 PM
    Major declaration expected on rural agri-markets
  • 3:52 PM
    Government is working on a farm loan waiver scheme that may be declared in the budget. It is likely to be centre-state partnership scheme where the Centre will share the loan waiver amount
  • 3:45 PM
    Government may "craft" a deal for farmers with a time frame of 2018-2022
  • 3:43 PM
    Major government support for hepatitis treatment expected
  • 3:43 PM
    Economic Survey said government had to take "radical" step to double farmers' income in face of climate change that would dip farm income by up to 25 per cent
  • 3:42 PM
    A universal income assurance scheme for below poverty line families may be declared
  • 3:41 PM
    Government will not stick to fiscal deficit target to arrange more fund for spending rural infrastructures
  • 2:48 PM
    We need to ramp up our geoscientific surveys to produce high quality geological, geophysical and geochemical data. Budgetary outlays of the Geological Survey of India need to commensurate with the need.
  • 2:39 PM
    A centrally-sponsored sustainable agriculture programme with comparable budget allocation of Rs 50,000 crore is the need of the hour: Biksham Gujja
  • 2:39 PM
    Though the government has increased budget for National Rural Health Mission (NRHM) and AYUSH, there is no significant increase in National Urban Health Mission
  • 2:39 PM
    Not enough has been invested in training people at the ground level who are foot soldiers of Swachh Bharat Mission: Deepak Sanan
  • 2:39 PM
    A major expectation from this budget is another push for farmer producer organisations
  • 2:38 PM
    With no funds, the National Clean Energy Fund may become defunct this year and the unspent money in is likely to be diverted to more politically pressing concern

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