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Photos | Union Budget 2018: Highlights from Arun Jaitley’s speech

Finance minister Arun Jaitley presented the Union Budget 2018 -- the Narendra Modi-led government’s fifth -- in Parliament today.

Updated on: Feb 01, 2018 2:26 PM IST

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Finance minister Arun Jaitley along arrives with the budget papers at Rashtrapati Bhawan on February 01, 2018. Jaitley’s budget speech today addressed agriculture distress, with a string of populist giveaways, from free cooking gas to a health plan for the poor. (Arvind Yadav / HT Photo)

Updated on Feb 01, 2018 2:26 PM

Finance minister Arun Jaitley along arrives with the budget papers at Rashtrapati Bhawan on February 01, 2018. Jaitley’s budget speech today addressed agriculture distress, with a string of populist giveaways, from free cooking gas to a health plan for the poor. (Arvind Yadav / HT Photo)

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The Finance minister announced that the Minimum Support Price for notified kharif crops shall be increased to at least 1.5 times that of production cost. The government will ensure payment of full MSP even if farmers sell below MSP. Emphasis is on generating farm and non-farm employment for farmers and cluster-model approach to be adopted for agricultural production. (Waseem Andrabi / HT Photo)

Updated on Feb 01, 2018 2:26 PM

The Finance minister announced that the Minimum Support Price for notified kharif crops shall be increased to at least 1.5 times that of production cost. The government will ensure payment of full MSP even if farmers sell below MSP. Emphasis is on generating farm and non-farm employment for farmers and cluster-model approach to be adopted for agricultural production. (Waseem Andrabi / HT Photo)

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As part of agri-support infrastructure, Rs 500 crore was announced for Operation Green along with an increase in credit for agricultural activities. An Agri-Market Development Fund with a corpus of Rs 2000 crore is to be set up. Grameen Agricultural Market (GRAM) will provide farmers a means to sell directly to buyers. (Noah Seelam / AFP)

Updated on Feb 01, 2018 2:26 PM

As part of agri-support infrastructure, Rs 500 crore was announced for Operation Green along with an increase in credit for agricultural activities. An Agri-Market Development Fund with a corpus of Rs 2000 crore is to be set up. Grameen Agricultural Market (GRAM) will provide farmers a means to sell directly to buyers. (Noah Seelam / AFP)

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Rag pickers look for recyclable materials in a garbage heap on the outskirts of New Delhi. Removal of crop residue is to be subsidised in order to tackle the problem of pollution due to burning of crop residue. A Special scheme will also be implemented to address air pollution in Delhi-NCR region. (Dominique Faget / AFP)

Updated on Feb 01, 2018 2:26 PM

Rag pickers look for recyclable materials in a garbage heap on the outskirts of New Delhi. Removal of crop residue is to be subsidised in order to tackle the problem of pollution due to burning of crop residue. A Special scheme will also be implemented to address air pollution in Delhi-NCR region. (Dominique Faget / AFP)

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The government is slowly but steadily progressing towards universal health coverage, Jaitley said. National health protection scheme for 10 crore poor families with 50 crore beneficiaries will provide Rs 5 lakh per family per year for secondary and tertiary care hospitalisation. This is the world’s largest health programme. 24 new government medical colleges and hospitals to be set up by upgrading existing district hospitals. (Vivek Nair / HT Photo)

Updated on Feb 01, 2018 2:26 PM

The government is slowly but steadily progressing towards universal health coverage, Jaitley said. National health protection scheme for 10 crore poor families with 50 crore beneficiaries will provide Rs 5 lakh per family per year for secondary and tertiary care hospitalisation. This is the world’s largest health programme. 24 new government medical colleges and hospitals to be set up by upgrading existing district hospitals. (Vivek Nair / HT Photo)

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A train on the Western Line in Mumbai. Rs 1,48,528 crore is the capital expenditure for the Indian Railways for 2018-19. All trains to be progressively provided with WiFi, CCTV and other state-of-the-art amenities. An institute is also coming up at Vadodara to train people for the bullet train programme. (Satyabrata Tripathy / HT Photo)

Updated on Feb 01, 2018 2:26 PM

A train on the Western Line in Mumbai. Rs 1,48,528 crore is the capital expenditure for the Indian Railways for 2018-19. All trains to be progressively provided with WiFi, CCTV and other state-of-the-art amenities. An institute is also coming up at Vadodara to train people for the bullet train programme. (Satyabrata Tripathy / HT Photo)

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Workers at a dye unit in Panipat. The government proposes to revamp the system of sanctioning of loans to SMEs. The information required for sanctioning the loan will be linked with GSTN to grant loans quickly and reduce processing time. The government will assign every enterprise in India a unique ID on the lines of Aadhaar and has identified 372 basic business reform actions. Each state will take up these reforms. (Sunil Saxena / HT Photo)

Updated on Feb 01, 2018 2:26 PM

Workers at a dye unit in Panipat. The government proposes to revamp the system of sanctioning of loans to SMEs. The information required for sanctioning the loan will be linked with GSTN to grant loans quickly and reduce processing time. The government will assign every enterprise in India a unique ID on the lines of Aadhaar and has identified 372 basic business reform actions. Each state will take up these reforms. (Sunil Saxena / HT Photo)

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A worker arranges cooking gas cylinders at a depot in Kolkata. The Pradhan Mantri Ujwala Yojana will give 8 crore women new LPG connections Jaitley said. (Rupak De Chowdhuri / REUTERS)

Updated on Feb 01, 2018 2:26 PM

A worker arranges cooking gas cylinders at a depot in Kolkata. The Pradhan Mantri Ujwala Yojana will give 8 crore women new LPG connections Jaitley said. (Rupak De Chowdhuri / REUTERS)

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A woman walks past the Reserve Bank of India (RBI) head office in Mumbai. Jaitley announced a revised fiscal deficit estimate for 2017-18 at 3.5% of GDP, with 3.3% for 2018-19. Government insurance companies will be merged into a single entity, and subsequently listed in the stock exchange, as part of the disinvestment programme, which exceeded the disinvestment target and collected Rs 1 lakh crore. (Shailesh Andrade / REUTERS)

Updated on Feb 01, 2018 2:26 PM

A woman walks past the Reserve Bank of India (RBI) head office in Mumbai. Jaitley announced a revised fiscal deficit estimate for 2017-18 at 3.5% of GDP, with 3.3% for 2018-19. Government insurance companies will be merged into a single entity, and subsequently listed in the stock exchange, as part of the disinvestment programme, which exceeded the disinvestment target and collected Rs 1 lakh crore. (Shailesh Andrade / REUTERS)

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No changes came in the structure of income tax of individuals. A standard deduction of additional Rs 40,000 was announced for salaried employees benefitting 2.5 crore taxpayers. 41% more returns were filed this year, which shows that more people have joined the tax net. (Pradeep Gaur / Mint File)

Updated on Feb 01, 2018 2:26 PM

No changes came in the structure of income tax of individuals. A standard deduction of additional Rs 40,000 was announced for salaried employees benefitting 2.5 crore taxpayers. 41% more returns were filed this year, which shows that more people have joined the tax net. (Pradeep Gaur / Mint File)

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Finance minister Arun Jaitley on Thursday said all cryptocurrencies, which includes bitcoin, are not legal tender and the government will take measures to eliminate their use but will explore uses for the underlying blockchain technology. (REUTERS)

Updated on Feb 01, 2018 2:26 PM

Finance minister Arun Jaitley on Thursday said all cryptocurrencies, which includes bitcoin, are not legal tender and the government will take measures to eliminate their use but will explore uses for the underlying blockchain technology. (REUTERS)

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Budget 2018 will work with states to provide more resources to improve quality of education, said Jaitley. Technology will be the biggest driver in improving education. By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have ‘Ekalavya’ school at par with Navodaya Vidayalas. (Raj K Raj / HT Photo)

Updated on Feb 01, 2018 2:26 PM

Budget 2018 will work with states to provide more resources to improve quality of education, said Jaitley. Technology will be the biggest driver in improving education. By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have ‘Ekalavya’ school at par with Navodaya Vidayalas. (Raj K Raj / HT Photo)

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The budget announced the Bharatmala project for better road connectivity at Rs 5.35 lakh crore. NHAI will transfer the road projects into special purpose vehicles to use innovative structures such as infrastructure trusts for fund mobilization. Rs 14.34 trillion ($225.50 billion) were also allocated for rural infrastructure. (Parveen Kumar / HT Photo)

Updated on Feb 01, 2018 2:26 PM

The budget announced the Bharatmala project for better road connectivity at Rs 5.35 lakh crore. NHAI will transfer the road projects into special purpose vehicles to use innovative structures such as infrastructure trusts for fund mobilization. Rs 14.34 trillion ($225.50 billion) were also allocated for rural infrastructure. (Parveen Kumar / HT Photo)

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