Infrastructure

Budget 2018-19
Infrastructure 2018-19
• $50000 Billion required by infrastructure.
• Proposed to develop ten prominent tourist sites into Iconic Tourism destinations
• No new flagship schemes as:-
• Hriday (National Heritage City Development and Augmentation Yojana)
• Amrut (Atal Mission for Rejuvenation and Urban Transformation)
• SMART Cities

• Roads
• Railways
• Airways
• Digital
Roads & Railways

Roads Railways

• 9000 Km. of highways in 2017-18 • Capital Expenditure at $1485.28

Billion
• BHARATMALA – To develop 35,000
Km. under phase 1 with an outlay of • 18000 Km track to be doubled and
$5350 Billion. 5000 Km track to be converted into
broad gauge.
• Development of
• Rohtang Tunnel • Eastern and Western dedicated freight
corridors.
• Zozila Tunnel
• Now, Sela Pass • 160 km additional suburban railway
network at the cost of $400 Billion
around Bengaluru.
Airways
• UDAN – 56 unserved airports to be connected, operations started in 16 unserved airports.

• Airport capacity to be hiked to handle 1 billion trips per year.

• 900 new aircrafts.

• 18% Annual growth in traffic.

• 124 airports – aims to make 5 times.

• Disaster Resilient Infrastructure - $600 Million

Digital
• Doubled the allocation on digital India programme to $30.73 Billion in 2018-19.
• BharatNet – Connected 1 lakh Gram panchayat with high speed optical fiber network in
phase I, Under Phase II 2.5 lakh Gram panchayat to be connected
• Setup five lakh WiFi Hotspots which will provide broadband access to five crore rural
citizens
• Indigenous 5G Test Band at IIT, Chennai.
• The government will explore use of blockchain technology proactively for ushering in
digital economy.
• The government although does not consider Cryptocurrencies as legal tender.
• NITI Aayog to initiate a national programme on Artificial intelligence
• Centers of excellence to be setup on robotics, AI and Internet Of Things(IOT).
Agriculture
• MSP of Kharif Crops raised 1.5x times cost of production
• 21% increased allocation towards crop insurance
• Special schemes to control air pollution
• Allocation of Ministry of Food Processing doubled to INR 1400 cr
• Allocation of 2600 cr towards irrigation reforms
• Strengthening of E-NAM system to 585 APMC from 470 APMC by March’18
“Ayushman Bharat” Programme
• Aimed at making path breaking interventions to address health holistically, in
primary, secondary and tertiary care system.
• Covering both prevention and health programme.
• Rs. 1200 crore allocated for the programme.
• 2 initiatives in this programme-health centres and NHPS
 1. Health Centres
• 1.5 lakh health and wellness centres
as the foundation of India’s health
system.
• These centres will bring health care
system closer to the homes of people.
• Shall provide free essential drugs
and diagnostic services.
2. National health protection
scheme
• To cover 10 crore poor families (app. 50 crore
beneficiaries)
• Providing coverage up to 5 lakh rupees per
family per year for secondary and tertiary
care hospitalization.
• 600 crore to provide nutritional support to all
TB patients at the rate of 500 per month
• 24 new medical colleges and hospitals by
upgrading district hospitals.
• One medical college for every three
parliamentary constituencies=180 new
medical colleges.
Galvanizing organic Bio-Agro Resource Dhan
(GOBAR-DHAN)
For management and conversion of cattle dung and
solid waste in farms to compost, fertilizers , bio-gas
and bio CNG
Education
 • Improvement in quality of teachers can
improve the quality of education in the
country. They have amended the Right to
Education Act to enable more than 13 lakh
untrained teachers to get trained.

• Technology will be used to upgrade

the skills of teachers through the
recently launched digital portal
‘‘DIKSHA’’.
• The Government is committed to
provide the best quality education
to the tribal children in their own
environment.
• The launch of major initiative named
‘‘Revitalising Infrastructure and Systems in
Education (RISE) by 2022’’ with a total
investment of `1,00,000 crore in next four
years.

• The Government to launch the ‘‘Prime

Minister’s Research Fellows (PMRF)’’
Scheme this year.
Fiscal Deficit
 Fiscal Deficit
Fiscal policy involves altering the levels of government spending and tax rates aimed at influencing the level of
activity in an economy.

1. Roll out of Goods and Services Tax from July 1, 2017

2. Disinvestment and Privatization

Target % Financial Year

3.5 of GDP 2017-18
3.3 of GDP 2018-19
3 of GDP 2019-2020
Tax Policy
Direct tax
• No change in personal income tax rates
• Additional 1% cess to take care of the needs of education and
health of rural families.
• Tax LTCG exceeding 1 lakh @ 10% without allowing the benefits
of indexation.
• Disallow cash payments exceeding ₹10000.
• Payments towards medical insurance and medical expenditure.
• Standard deduction of ₹40000 to all salaried taxpayers to provide
relief from higher cost of incidental expenses.
 Indirect tax
• GST- “One Tax, One Market, One Nation”.
• It removed the cascading effect.
• Scope of input tax credit has widened.
• It will reduce the logistics costs and
give a boost to inter-state trade in the country.
 MSME

• Cash flows took a major hit because of Demonetisation and GST

• Massive formalization of business - enormous financial information
database
• On-board PSB and Corporates on TReDS and linking it GSTN
• Target of Rs.3Trillion under MUDRA
• Allocation of 3800cr would compliment other schemes
• Reduction of Corporate Tax to 25%
 EMPLOYMENT

• Core of Policy Making

• MUDRA alone created 5.5cr jobs in two years
• Independent study stated creation of 70lakhs in 2018-19
• Launched National Apprenticeship Scheme with stipend
• Provided outlay of 7148cr in 2018-19 for textile
• Other measures – PMEGP, Govt. Contribution
Thank You
Group Yellow