Union Budget-2018 : Minute to minute Updates


“Hopefully, this year Modi Govt. would present a cheerful budget and live up to our expectations. Today is the most awaited day for every Indian from a common man to even a high profiled executives.”

01 Feb 2018 | 10:35 am
Good Morning, everyone !!

01 Feb 2018 | 10:38 am
It’s almost here !! Stay tuned with Tax2win for Budget Highlights.

01 Feb 2018 | 10:43 am
As India awaits with anticipation for Modi Government’s last full-fledged Union Budget, we bring you details on it.

01 Feb 2018 | 10:53 am
Amazing !! The most interesting fact of this budget that Mr. FM would present most of the part of Budget 2018 in our own “Rashtrabhasha – Hindi”.It is a glorious moment for every Indian.

01 Feb 2018 | 10:59 am
Cabinet approves the 88th Budget of Independent India.In few minutes you will get to know what FM has planned for you.

01 Feb 2018 | 11:00 am
Modi Government is taking the Save trees initiative ahead !! For the first time, instead of 8000 printed copies only 2500 copies of budget are printed.

01 Feb 2018 | 11:04 am
Loksabha observes 2 minutes silence as a condolence for the honorable member of Loksabha , Chintamani ji.

01 Feb 2018 | 11:04 am
FM has raised to start the Budget-2018. The most awaited moment.

01 Feb 2018 | 11:05 am
As per FM, series of fundamental reforms has been performed in the Modi Government Tenure.

01 Feb 2018 | 11:06 am
Digital Kranti has came up in the recent past.

01 Feb 2018 | 11:07 am
As per statistics, Indian economy is seventh largest economy in the world.

01 Feb 2018 | 11:07 am
Hope to grow at 7.4 % next year.

01 Feb 2018 | 11:08 am
GDP is 6.3% in II quarter taking India to a 2.5 trillion economy.

01 Feb 2018 | 11:09 am
Vision of Govt : Minimum Government and Maximum Governance.

01 Feb 2018 | 11:10 am
Exports expected to grow at 15% in FY18. Further, Manufacturing sector is back on growth path

01 Feb 2018 | 11:12 am
Focus is now on agriculture, improving education & better health

01 Feb 2018 | 11:13 am
Ease of Living is main focus for poor society.Ease of business is also being stressed upon.

01 Feb 2018 | 11:15 am
Low cost of Gas Connection and most of the medicine will be available at lower price for poor section of society.

01 Feb 2018 | 11:16 am
FM : Farmer’s income is targeted to be doubled by 2022.

01 Feb 2018 | 11:17 am
Agricultural Reforms : Want farmers to earn 1.5x the cost of their produce. Maximum profit to farmer on MSP

01 Feb 2018 | 11:17 am
Indian economy is on the course of achieving high growth of 8 %. Economy to grow at 7.2-7.5% in second half of 2018-19: Honorable FM Jaitley

01 Feb 2018 | 11:18 am
FM : With the reduction in DBT , corruption & cost of delivery has significantly reduced.Emphasis is on generating higher income for the farmer.

01 Feb 2018 | 11:19 am
Credit-Linked Savings Scheme (CLSS) is helping to move to housing for all.

01 Feb 2018 | 11:19 am
Govt. will work with NITI Aayog to develop system of optimal farm price realization.

01 Feb 2018 | 11:20 am
Govt targets 470 APMCs to be connected to eNAM.

01 Feb 2018 | 11:21 am
Considering the fact , 86% of farmer are small and marginal . It is required to set up an agricultural market fund with corpus of Rs 2,200 cr.

01 Feb 2018 | 11:23 am
FM : Food processing sector is growing at 8% per annum. Organic farming to be encouraged via cluster model for farming.

01 Feb 2018 | 11:24 am
Good news !! Allocation to food processing doubled to Rs 1,400 cr from Rs 715 cr,

01 Feb 2018 | 11:25 am
Facility for kisan credit card has been extended.Also, 42 Mega park proposed for vegetable.

01 Feb 2018 | 11:27 am
FM : Introduction of GST has made indirect tax system easier; demonetization has reduced cash in economy, promoted digital transactions.

01 Feb 2018 | 11:28 am
Budget 2018 is focused on Agriculture, Rural Economy, Health, Infrastructure, Senior Citizens.

01 Feb 2018 | 11:29 am
It is proposed to allocate Rs 11 lakh cr for institutional credit for farm sector next FY. Also, Mechanisms to sell surplus solar power to DISCOMS at reasonable prices.

01 Feb 2018 | 11:30 am
Considering the quantum of air pollution in Delhi, a special scheme will be formed to address and subsidize the machinery for such.

01 Feb 2018 | 11:31 am
Govt. is promoting Ujwala Yojna and Sobhagya Yojna : FM

01 Feb 2018 | 11:32 am
Cheers to the Swachh Bharat initiative, 6 crore more toilets have been established.

01 Feb 2018 | 11:33 am
FM : 8 cr poor families will be given free gas connection under Ujjwala scheme. Allocated Rs 16,000 cr to Pradhan Mantri Saubhagya Yojana

01 Feb 2018 | 11:34 am
FM says set up dedicated affordable housing under National Housing Bank would be implemented.Allocation to National Livelihood Mission raised to Rs 5,750 cr

01 Feb 2018 | 11:35 am
FM : Allocated Rs 2,600 underground water irrigation plan in 96 districts.Total amount to be spent to improve rural livelihood to be Rs 14.3 lakh cr.

01 Feb 2018 | 11:38 am
Restructuring education system : Move to Digital Board from the black board.Also, proposed 9975 core for Society welfare i.e. orphan children and others.

01 Feb 2018 | 11:40 am
More from Education sector :To initiate integrated B-Ed Programme for teachers.Fellow Yojna is to be introduced for 1000 Btech students every year.

01 Feb 2018 | 11:42 am
Health & Wellness system to a new aspirational level: Flagship national Health protection scheme introduced.World’s largest health programme funded by the Indian Government.

01 Feb 2018 | 11:44 am
FM :Ayushman Bharat programme a move towards universal health care.

01 Feb 2018 | 11:46 am
Appraised Move !! Allocation of Rs 600 Cr for nutritional support to all tuberculosis patients.Setting up of 24 new govt medical colleges.

01 Feb 2018 | 11:47 am
FM : Under Sukanya Samridhhi Scheme 1.2 crore have been opened till Nov 17.

01 Feb 2018 | 11:48 am
Clean Ganga Operation : 187 projects sanctioned under the ‘Namami Gange’ programme. 47 projects under the ‘Namami Gange’ programme have been completed.

01 Feb 2018 | 11:49 am
FM : Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) to be expanded to all poor households

01 Feb 2018 | 11:50 am
In Budget 2018 : Health and Education System has been allocated at 1.38 lakh crore.

01 Feb 2018 | 11:52 am
Take a Deep breath : The most awaited Part B would be announced in just few minutes !!

01 Feb 2018 | 11:54 am
Target of Mudra loans for Rs 3 lakh cr for next FY. Will take additional measures to strengthen alternate investment funds: FM

01 Feb 2018 | 11:55 am
Good News for Women : Their contribution to EPF to be reduced to 8% for 1st 3 years.

01 Feb 2018 | 11:56 am
All time high allocation in road and railways in Budget-2018: FM

01 Feb 2018 | 11:58 am
Great Move : Govt to contribute 12 percent under EPF for all employees for next 3 years.

01 Feb 2018 | 12:00 pm
Amazing !! 99 cities selected under Smart City Mission.FM says outlay of Rs 2.04 lakh crore for it.

01 Feb 2018 | 12:02 pm
FM : Tourist facilities to be upgraded at 210 important monuments.Working on converting Indian Tourism to iconic tourism.

01 Feb 2018 | 12:03 pm
FM : 35,000 km to be completed under Bharat Mala Project with outlay of Rs 5.35 lakh cr.

01 Feb 2018 | 12:04 pm
FM : Railway capital expenditure for the year 2018-19 at Rs 1.48 lakh cr.

01 Feb 2018 | 12:05 pm
Coming from Railways : All stations with more than 25,000 footfall will have elevators.Rs 11,000 cr for Mumbai rail network allocated.

01 Feb 2018 | 12:08 pm
Budget 2018 gets smooth roads & better flight connectivity.

01 Feb 2018 | 12:09 pm
FM : Airport capacity to be raised 5 times to handle 1 billion passengers.

01 Feb 2018 | 12:10 pm
In the recent future, you may see amendments in the Indian stamps act: FM

01 Feb 2018 | 12:12 pm
FM : Govt. does not consider Crypto-currency as Legal Tender.

01 Feb 2018 | 12:15 pm
FM : Aadhaar is an unique Indian identity.

01 Feb 2018 | 12:17 pm
FM : Strategic disinvestment of Air India would be done.

01 Feb 2018 | 12:19 pm
FM says center will go after bitcoins and understand the block-chain technology.

01 Feb 2018 | 12:19 pm
For FY19 divestment target is at Rs 80,000 cr, says FM

01 Feb 2018 | 12:22 pm
Emoluments for Parliament Member !! To propose 5 lakhs per month for president and 4 lakhs to Vice president per month.

01 Feb 2018 | 12:23 pm
Law will be introduced to fix MPs’ salary every 5 years indexed to inflation: FM

01 Feb 2018 | 12:24 pm
FM : GST revenue for 11 months will affect fiscal instead of 12 months.

01 Feb 2018 | 12:25 pm
FM : Allocate Rs 150 cr for commemoration of Mahatma Gandhi.

01 Feb 2018 | 12:25 pm
Committed to 3% fiscal deficit for FY19 onward: FM

01 Feb 2018 | 12:26 pm
Now, comes the Tax Proposals ….!!

01 Feb 2018 | 12:27 pm
FM ; Direct Tax growth rate in 2017-18 is at 18.70%

01 Feb 2018 | 12:28 pm
FM : Return filed by 85.51 lakh taxpayers in 16-17.

01 Feb 2018 | 12:29 pm
Tax Compliance !! Under section 44ADA (Professionals) return has increased to a 41%.

01 Feb 2018 | 12:31 pm
FM : 100 % exemption extended to farmer producer companies for a period of 5 years. This will encourage operation green.

01 Feb 2018 | 12:32 pm
FM : 80 JJAA section deduction extended to a person serving in I st year for 150 days and also for footwear industries.

01 Feb 2018 | 12:34 pm
Corporate Taxation reduction promised fulfilled !! Reduced 25% tax extended for companies having turnover of 250 crore in FY 15-16. Benefiting to MSME and small enterprises.

01 Feb 2018 | 12:36 pm
No sweet surprise for a common man !! There is no change in the slab rate.

01 Feb 2018 | 12:37 pm
However, in order to provide relief to salaried taxpayer , a Standard deduction of Rs. 40,000 on account of transport and medical reimbursements.

01 Feb 2018 | 12:39 pm
Relief to senior Citizen !! TDS shall not be required if interest does not exceeds Rs. 50,000.

In sec 80D the limit for senior has been increased to Rs. 50,000 .Further, In 80DDB , perticularly for senior citizen the limit of Rs. 60,000 is increased to Rs. 1,00,000.

01 Feb 2018 | 12:41 pm
Further More relief to senior citizen !!

01 Feb 2018 | 12:42 pm
FM : LTCG will be rationalized through Budget-2018.

01 Feb 2018 | 12:45 pm
For the first time LTCG for listed equities is bring into the tax net !! LTCG exceeding Rs. 1,00,000 will be taxed @ 10% without indexation. However, This provision shall apply after 31st Jan 2018.

01 Feb 2018 | 12:46 pm
More outgo !! Cess has been increased from 3% to 4%.

Cutom duty for mobile will increase from 15% to 20%.Custom duty on mobile accessoreies will be 15%.

01 Feb 2018 | 12:49 pm
Moving on to Indirect Tax !!

01 Feb 2018 | 12:50 pm
FM : Govt has proposed Social welfare surcharge @ 10%.

01 Feb 2018 | 12:52 pm
FM has presented the Budget-2018. Thanks for being with us for the updates.

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