Union budget 2018 speech was presented by Finance minister Arun Jaitley. General knowledge and current affairs important questions can come in UPSC, CSE, IAS, SSC, Bank exams regarding its effect on Indian economy.
**Time stamp of major highlights**
1. 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. @ 0:38
2.Rs 5.97 lakh crore allocation for infrastructure. @ 3:06
3. NITI Aayog to initiate a national programme on Artificial Intelligence (AI) @ 6:05
4. Disinvestment crossed target of Rs 72,500 crore to reach Rs 1,00,000 crore. @ 9:14
5. 100% deduction proposed to companies registered as Farmer Producer Companies with an annual turnover upto Rs 100 crore on profit derived from such activities, for five years from 2018-19. @ 11:52
6. Corporate tax rate reduced to 25% for companies with turnover of up to Rs 250 crore @ 15:57
7. World's largest Health Protection Scheme covering over 10 crore poor and vulnerable families launched with a family limit upto 5 lakh rupees for secondary and tertiary treatment. @ 17:23
8. Tribal students to get Eklavya Residential School in each tribal block by 2022. @ 20:32
9. Higher targets for Ujjwala, Saubhagya and Swachh Mission to cater to lower and middle class in providing free LPG connections, electricity and toilets. @ 22:56
10. Loans to Women Self Help Groups will increase to Rs.75,000 crore in 2019 from 42,500 crore last year. @ 25:48
11. “Operation Green” launched to address price fluctuations in potato, tomato and onion for benefit of farmers and consumers. @ 28:21
12. 22,000 rural haats to be developed and upgraded into Gramin Agricultural Markets to protect the interests of 86% small and marginal farmers. @ 29:51
13. MSP for all unannounced kharif crops will be one and half times of their production cost like majority of rabi crops: Institutional Farm Credit raised to 11 lakh crore in 2018-19 from 8.5 lakh crore in 2014-15. @ 31:11
Link to the video on last year's Budget 2017
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Map on Kharif crop
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