A temple for Nathuram Godse: Hindu Mahasabha lays foundation stone in Gwalior office.
Gwalior district administration's refusal to permit construction of a
temple in the name of Mahatma Gandhi's killer Nathuram Godse has not
stopped Hindu Mahasabha from laying the foundation stone for the same.
The
foundation stone was laid in Hindu Mahasabha's Daulatganj office area. A
statue has already been put up in the office to which floral tributes
were paid today.
Nathuram Godse
who was convicted for killing the father of the nation was hanged to
death on November 15, 1949 and his supporters observed the day as
'sacrifice day.'
The
Hindu Maha Sabha had earlier applied for land for a temple that they
proposed to build in the name of Nathuram Godse. The application for the
land was rejected by the district administration.
According to
Jaiveer Bhardwaj of the Maha Sabha, a decision to construct the temple
in the Daulatganj area has been taken after the district administration
rejected its application for land for the same.
Madhya Pradesh
leader of opposition Ajay Singh has hit out at Chief Minister Shivraj
Singh alleging that the government was providing tacit support to the
killers of the father of the nation. "The chief Minister has the name of
Mahatma Gandhi on his lips but in his heart he has Godse. How else is
it possible that the supporters of Godse are openly laying a foundation
stone for a temple in his name," Ajay Singh, in a written communication
issued to the press, said.
NEW DELHI: Finance Minister Arun Jaitley's
delivered his fifth and last full Budget amid subdued economic growth,
challenging fiscal situation and farm distress. What makes it all the
more important is the upcoming elections in eight states this year and
the Lok Sabha election next year, all of which put tough demands on him.
How has Jaitley managed to balance populist demands, the need to
support economic growth and Prime Minister Narendra Modi's focus on
fiscal discipline and reforms? Read the highlights from Budget 2018 below to find out:
Fiscal Situation
* Fiscal deficit is 3.5% of GDP at Rs 5.95 lakh crore in 2017-18.
Projecting fiscal deficit to be 3.3% of GDP in the next fiscal
* GST revenue will be received only for 11 months, that will have an effect on balance sheets
* Rs 21.57 lakh crores transferred as net GST
to states as against projection of Rs 21.47 lakh crores.
*
85.51 lakh new tax payers filed income tax returns in FY17
* NO PERSONAL INCOME TAX CHANGES PROPOSED IN BUDGET
* Growth in direct taxes (till Jan 15)
is 18.7 %
* Surcharge of 10 pc on income
above Rs 50 lakh but less than Rs 1 cr to be continued next year; 15 pc
on income above Rs 1 cr to also continue.
* 100% tax deduction is allowed to co-operative societies
* Corporate Tax of 25% extended to companies with turnover up to Rs 250 cr in financial year 2016-17
*
Incentives for Senior citizens: Exemptions in income of Rs 10,000 from Banks FD and post offices
* Senior citizens to get Rs 50,000 per annum exemption for medical insurance under Sec 80D
* Rs 7.5 lakh per senior citizen limit for investment in interest-bearing LIC schemes doubled to Rs 15 lakh
* Standard deduction of Rs 40,000 allowed for transport, medical reimbursement for salaried tax payers
* Govt to reduce hardships faced in realty deals; no
adjustment to be made in case circle rate does not exceed 5 pc of sale
consideration
* Rs 8,000 crore revenue lost due to standard deduction allowed to salaried employees
* Rs 7,000 cr revenue forgone on account of lower corporate tax for Rs 250 cr turnover cos
* Rs 19,000 cr revenue loss on direct tax in last fiscal
* LONG TERM CAPITAL GAINS EXCEEDING RS 1 L
AKH WILL BE TAXED AT 10% WITHOUT INDEXING
*
Short term capital tax remains at 15%
* A tax on distributed income at 10%
* Education cess increased to 4% from 3% to collect additional Rs 11,000 cr
* GST revenue will be received only for 11 months, that will have an effect on balance sheets
* GST collections projection pegged at Rs 7.43 lakh crore in full
year 2018-19 as against Rs 4.44 lakh crore in nine months of current
fiscal.
*
Govt makes PAN mandatory for any entity entering into a financial transaction of Rs 2.5 lakh or more.
Customs Duties
* Customs Duty on certain products, such as mobile phones and
televisions has been increased, to provide a fillip to 'Make in India'
* Social welfare surcharge of 10% on imported goods.
* Central Board of Excise and Customs renamed as Central Board of Indirect Taxes and Customs
* Import of solar tempered glass for manufacture of solar cells exempted from customs duty.
* Customs duty on crude edible vegetable oils like groundnut oil,
safflower seed oil hiked from 12.5% to 30%; on refined edible vegetable
oil from 20% to 35%
* Customs duty on sunglasses, cigarette lighter, toys, bus and truck tyres, select furniture hiked.
* Customs duty on imitation jewellery hiked from 15% to 20%; doubled on all watches to 20%.
* Import duty on LCD/LED/OLED panels, parts of TVs hiked to 15%; duty
on smart watches, wearable devices, footwear doubled to 20%.
Agriculture
* The government's emphasis will be on generating higher incomes for
farmers, by helping them produce more with lesser cost, and in turn,
earn higher income for their produce.
* Jaitley stressed on the fact that India's agricultural production is
at a record high level today. 275 million tonne foodgrains and 300
million tonne fruits and vegetable have been produced in the country.
* The FM said the government wants farmers to earn 1.5 times the
production cost, and the Minimum Selling Price (MSP) for the Kharif
Crops has been set at 1.5 times the produce price. Jaitley said the
Centre will work with states to ensure that all farmer get a fair price.
* Agricultural market and infra fund of Rs 2000 crore fund will be set up to strengthen the market connectivity.
* A sum of Rs 500 cr will be allocated for Operation Green to be launched. It will promote agricultural products.
* Extend the facility of Kisan credit card to fisheries and for animal husbandry
* Rs 10,000 crore set aside for Fisheries and Aquaculture Development Fund
* Rs 10,000 crore set aside for
animal husbandry infra fund
* Propose to launch a restructured bamboo mission with a fund of Rs 1200 crore . "Bamboo is green gold," Jaitley said.
*
Agricultural credit target increased from Rs 8.5 lakh crore to Rs 11 lakh core
*
Special scheme to manage crop reduce in Haryana, Punjab and Delhi to reduce pollution
Rural Economy
* 8 crore poor women will get new LPG connections.
* PM Saubhagya Yojana: 4 crore poor people will get power connection.
* The government will spend Rs 16,000 crore on this scheme.
* Govt plans to construct 2 crore toilets in next fiscal year under Swach Bharat Mission
* Government target house for all by 2022. 51 lakh houses have been
constructed affordable houses in rural and further 50 lakh houses in
urban areas.
* 1 cr houses to be built under Pradhan Mantri Awas Yojana in rural areas
* National livelihood scheme gets Rs 5,750 crore .
* In 2018-19, ministries will be able to spend Rs 14.34 lakh crores for creation of livelihood in rural areas.
* Govt gives Rs 9,975 crore for social security schemes for the next fiscal year.
Education
* Govt to increase
digital intensity in education. Technology to be the biggest driver in
improving quality of education: FM Jaitley * Rs. 1 lakh crore
allocated to revitalisation and upgradation of education sector.
Promoting learning based outcomes and research.
* By 2022, every block with more than 50 per cent ST population will have Ekalvya schools at par with Navodaya Vidyalayas
* Aims to move from black board to digital board schools by 2022.
* PM reasearch fellows: Govt will identify 1000 Btech students each
years and provide them to do PHDs in IIT and IISc, while also teaching
undergraduate students once a week at that time.
Health
* Aayushman Bharat programme: 1.5 lakh centres will be set up to
provide health facilities closer to home. Rs 1,200 crore to be allocated
for this programme
* Flagship National Healthcare protection scheme, with approximately
50 crore beneficiaries. Up to Rs 5 lakh per family per year for
secondary and tertiary care hospitalisation. World's largest
government-funded healthcare programme.
*
Universal health coverage will be expanded after seeing the performance of the scheme
* Rs 600 crore allocated for tuberculosis patients, at the rate Rs 500 per month during the course of their treatment.
* Jaitley announces setting up of one medical college for every three parliamentary constituencies, with
24 New government medical colleges also being envisioned. Government
also will work on upgrading hospitals to medical colleges
Social Security
* PM Jivan Bhma Yojana has benefited 5.22 crore families
*
Govt will expand PM Jan Dhan Yojana: Al 16 crore accounts will be included under micro insurance and pension schemes
* 1.26 cr accounts opened under Sukanya Samriddhi Scheme
* Social inclusion schemes for Scheduled Castes - Rs 52,719 crore
* Social inclusion schemes for Scheduled Tribes Rs 39,139 crore
MSME
* Rs 3,794 crore allocated to the MSME sector in the form of capital support and interest subsidy
By 2022, every block with more than 50 per cent ST population will have Ekalvya schools at par with Navodaya Vidyalayas
*
Rs 3 lakh crore target has been set for the Mudra Yojana
* Rs 4.6 lakh cr sanctioned under MUDRA Scheme
Petroleum/ Diesel Sector
* Excise on unbranded diesel cut by 2 rupees to 6.33 rupee/ltr
* Excise on unbranded petrol cut by 2 rupees to 4.48 rupee/ltr
Employee-centric schemes *
Govt will contribute 12% of the wages of new employees in EPF in all sectors for next 3 years
*
Women contribution to EPF reduced to 8% for first 3 years
Infrastructure
* India needs investment of Rs 50 lakh crore in the infrastructure sector
* Construction of new tunnel in Sera Pass to promote tourism
* Out of 100 smart cities 99 cities have been selected, with an outlay of Rs 2.04 lakh crore
* 10 prominent tourist sites will be made iconic tourist
destinations, with an amalgamation of private funding, marketing and branding
* Bharatmala project: To develop 35,000 KM under phase 1 with an outlay of Rs 5.35 lakh crore
*
Govt to introduce pay-as-you-use system for toll payments
Railways
* Railway capex has been pegged at Rs 1.48 lakh crore
, up from Rs 1.31 lakh crore last year
* Eliminate unmanned railway crossing
* All stations with footfall of greater than 25,000 will have escalators.
* More stations and trains will progressively be built with WiFi and CCTV camera
*
Govt to eliminate 4267 unmanned rail crossing in broad gauge in 2 years
* Allocates Rs 11,000 crore Mumbai rail network and Rs 17,000 crore for the Bengaluru metro
* 150 km of additional suburban railway networks to be set up in Bengaluru at the cost of Rs 17,000 cr.
Aviation
* Airport Authority of India (AAI) has 124 airports. Propose to increase the number by at least 5 times 1 billion trips a year,
Rs 60 cr has been allocated to kickstart the initiative
* UDAN Scheme to connect 64 unconnected airports across the country
Markets
* Govt to take additional measures to strengthen environment for venture capitalists and angel investors.
* SEBI to consider mandating large corporations to meet 1/4th of their debt needs
*
SEBI to mull asking large cos to meet 25% debt from bond market
*
RBI norms to nudge companies to access bond market for funds
Technology
* Allocation to Digital India scheme doubled to Rs 3073 cr
* 5 lakh WiFi HotSpots to provide Broadband access to 5 crore rural citizens, at the cost of Rs 10,000 cr.
* Government will take measures to stop cryptocurrency circulation, as it is not considered legal tender
* Government will explore the usage of Blockchain technology.
Companies * AADHAAR FOR CORPORATES?
Govt will evolve a scheme to assign a Unique ID for cos
* Disinvestment target of Rs 80,000 crore for FY19
* National Insurance Co, Oriental Insurance Co and United
Assurance Co to be merged into one entity and subsequently listed
* Govt revises divestment target for the current fiscal to Rs 1 lakh crore for FY 18.
Banking
* Recapitalisation will pave the way for public banks to lend an additional Rs 5 lakh crore
Industries
* Rs 7,148 cr allocated for textile sector
Miscellaneous
* Defence outlay raised to Rs 2.82 lakh crore in 2018-19 from Rs 2.67 lakh crore in current year
*
Food subsidy to rise to Rs 1.69 lakh crore in 2018-19 from Rs 1.4 lakh crore in current year.
* Emoluments for President set at Rs 5 lakh, Rs 4 lakh for Vice President, Rs 3.5 lakh for governors
* Emoluments for Parliamentrians: Law for increase in pay based on index to inflation
* Govt earmarks Rs 150 cr to commemorate 150 years of birth of Mahatma Gandhi.
NEW DELHI: Finance Minister Arun Jaitley's
delivered his fifth and last full Budget amid subdued economic growth,
challenging fiscal situation and farm distress. What makes it all the
more important is the upcoming elections in eight states this year and
the Lok Sabha election next year, all of which put tough demands on him.
How has Jaitley managed to balance populist demands, the need to
support economic growth and Prime Minister Narendra Modi's focus on
fiscal discipline and reforms? Read the highlights from Budget 2018 below to find out: 
