Highlights: Budget 2018 focuses on rural economy ahead of elections
06 February, 2018, 18:37
Jaitley expressed confidence that the government would be able to implement the healthcare scheme and added that the 1 percent cess and the Long Term Capital Gains Tax, which were introduced in this year's Budget, will help in shoring up the funds. Mr Jaitley said it takes care of hospitalization, secondary and tertiary care.
He also categorically rejected suggestions that the budget has hugely disappointed the middle class, especially the salaried class. "We also started in a small way to include crops like pulses, oilseed, cotton a year ago under MSP, but could not buy from all the produce coming in the country. But I am sure as the GST experience moves on, I think, natural gas, real estate - these are areas which are to be brought in and then probably at some stage we will keep trying for petrol, diesel and potable alcohol", he said. This pushed fiscal deficit to 3.5% of the GDP as compared to the budgeted level of 3.2%. But Bakshi said funding was more likely this time because the economy is stronger - and, more important, elections are looming.
"And first such train-set will be commissioned during 2018-19", Jaitley said.
Union Finance Minister said for 20 years duties have been decreased, but an exception has been made this year.
"I have left a lot of leverage for additional measures in this Budget". The Union Budget 2018 also saw the inclusion of National Health Scheme, which will cover crores of Indian families.
Turkish soldier killed in attack in Syria's Idlib province
Last Tuesday, the military said terrorists detonated a vehicle while the convoy deployed in Idlib was passing through. The UN has a plan to reach 700,000 people with relief in the next two months, if it can obtain permission to proceed.
Jaitley said the volume of institutional credit for agriculture sector from year-to-year increased from Rs.8.5 lakh crore in 2014-15 to Rs.10 lakh crore in 2017-18 and he proposed to raise this to Rs.11 lakh crore for the year 2018-19.
Jaitley reckons these investments - ranging from constructing school buildings, rural roads, net connectivity and water supply systems, to giving free power connections to poor households - will end up creating employment of 321 crore person-days, 3.17 lakh km of rural roads, 51 lakh new rural houses, 1.88 crore toilets and provide 1.75 crore new household electric connections.
They said the scheme will have 60:40 ratio of expenses between Centre and the state and it will be paperless and cashless. The Finance Minister expressed hope that "slowly and gradually, this will improve the lifestyle of people living in rural areas". "The budget has unfortunately ignored the stressed and vilified real estate sector that is in desperate need of Government support through specifically targeted tax breaks that help make building affordable homes in India viable". "India is expected to become the fifth largest economy very soon", he said.
Interacting here with corporate leaders following his Thursday presentation in Parliament of his last full budget before the general elections due in early 2019, Jaitley said that a stressed agriculture sector was not in India's interest, indicating thereby that boosting rural demand is a key in helping Indian industry now burdened with massive leverage, while banks struggle with their accumulated bad loans.
Hunt said , during a Facebook Live broadcast that "When me and Lana get together, it's going to be all about the kids". Officials discovered Hunt carrying a knife along with a ticket to the show and immediately took him into custody.
Jackson's roommate, Chad Bouchez, told CBS News that Jackson would not have wanted his death to be politicized in such a way. As they stood outside the vehicle, Manuel Orrego-Savala allegedly plowed his Ford F-150 through them.
According to the NGO, Israeli forces have detained 71 Palestinians in 20 raids in the West Bank in search of Jarrar. Ben-Gal is the second Israeli to be killed in an attack in the West Bank in under a month.
Nassar, a former doctor with Team USA Gymnastics , was sentenced to another 40 to 125 years in prison by a MI judge Monday. Larry Nassar's sentencing is over, and the disgraced former USA Gymnastics doctor now faces up to 360 years behind bars.
The rapper, who is a big football fan, appeared in court following probation violations related to a 2008 gun and drug case. However, his city's football team kept his name alive in the locker room and on the field.
Trump said he noticed one man - "probably a reverend", Trump said - clapping among the Democrats. "Your taxes are going way down". But he insisted that Republicans could ride the strong economy to victory.
Sacramento fell at home to Dallas Saturday, 106-99. "If you start doing on that on a nightly basis and they'll not hear you". Lopez had to be held back by teammates after being called for a second technical with 4:21 left in the second quarter.
Accuweather responded on Twitter saying, "The National Weather Service Tsunami Warning this morning was a TEST ". A screenshot of the alert sent out by the AccuWeather app said, "Tsunami Warning in effect until 9:28 AM EST".
Manchester was next with an average of 39 hours, followed by Lincoln and Birmingham, according to data from Inrix . Manchester came behind London, albeit its average of 39 hours was nearly half of that recorded in the capital.
Huawei Mate 10 Pro Pink Gold Arriving in Malaysia on 8 February
Those who are looking for a bit more flair must know that there's a Mate 10 Pro variant called Porsche Design, which costs $1,255. It also brings the power of a dual Leica-branded rear camera and bundles a 4,000 mAh battery to keep everything running smoothly.
Hong Kong protest leaders freed from prison
Rights groups criticised the government , saying the appeals were political decisions meant to deter future protests. But after the government's intervention, they were jailed for between six and eight months by the Court of Appeal.
Vornado Realty Trust (VNO)
The last close places the company's stock about $1.64 off its 52 week high of $6.34 and $0 above the 52 week low of $4.7. Cubist Systematic Strategies Llc bought 8,197 shares as the company's stock declined 6.90% while stock markets rallied.
House Democrats vote to air Russia-probe memo
Senate Minority Leader Charles Schumer, D-N.Y., urged the president to support the document's release in the spirit of fairness. The White House said it was open to releasing the Democratic memo once it goes through a security review.
Finally, Salman Khan finds his girl
Most are of the opinion that Bollywood's ultimate bachelor is finally ready to give him his forever single status and get married. While people think he found a girl for marriage, the possibilities of finding a leading lady for a movie are more.
Bip Smartwatch - Up to 45 days of battery life
Despite its similarity with the Apple Watch, the Amazfit Bip comes with minimum apps on board and lacks a separate app store. The smartwatch display is said to be highly battery efficient and offers good clarity under bright sunlight.
Paris attacks suspect declines to reappear at Brussels trial
He was arrested four months later in Brussels after a shoot-out when police raided a flat in Brussels' Islamic Molenbeek district. Then, after Ayari, a 24-year-old Tunisian, answered a series of questions from the judge, Abdeslam got another chance.
Lawmakers say memo doesn't clear Trump
Devin Nunes of California, the memo focuses on an application for the electronic surveillance of a Trump campaign volunteer. Will Hurd (R-Texas) said, when asked by host George Stephanopoulos whether he thinks the memo vindicates Trump, "I don't".