NEWS
01/02/2018 12:31 PM IST | Updated 01/02/2018 12:33 PM IST

Health Cover For Poor, Special Schemes To Tackle Air Pollution: Highlights Of Union Budget 2018

A test for Prime Minister Narendra Modi to maintain fiscal discipline

Indian Finance Minister Arun Jaitley arrives at Parliament House to present the Union Budget.
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Indian Finance Minister Arun Jaitley arrives at Parliament House to present the Union Budget.

NEW DELHI (Reuters) - India unveiled its budget for the fiscal year starting April 1 on Thursday, in what is being seen as a test for Prime Minister Narendra Modi to maintain fiscal discipline without stifling economic growth ahead of general elections next year.

Here are the highlights of Finance Minister Arun Jaitley's budget for the 2018/19 fiscal year.

HEALTH/POLLUTION

To provide 500,000 rupees per family annually for medical reimbursement under National Health Protection Scheme. Finance minister says the plan will protect 100 million poor families and will be world's largest health protection scheme.

To implement special schemes for governments around Delhi to address air pollution

Removal of crop residue to be subsidized in order to tackle the problem of pollution due to burning of crop residue

GROWTH

Estimates 7.2 to 7.5 percent GDP growth in second half of current fiscal year

Finance minister says "firmly on path to achieve 8 percent plus growth soon"

INFRASTRUCTURE

To spend Rs 14.34 trillion on rural infrastructure

AGRICULTURE

Finance minister says will focus on strengthening rural, agriculture economy

Sets 10 trillion rupees to 11 trillion rupees credit for "agricultural activities"

Minimum support price of all crops to be increased to at least 1.5 times of production cost

Export of agriculture commodities to be liberalised