By admin       2018-02-02

No changes in personal income tax slabs. Salaried tax-payers to get a standard deduction of Rs.40,000 in lieu of transport allowance and "other medical expenses". Rs.2,000-crore fund for development of agri markets. All senior citizens will now be able to claim benefit of a deduction of Rs.50,000 for any medical insurance. For critical illnesses, the deduction has been increased to Rs.1,00,000. Free power connections to 4 crore homes under Saubhagya Yojana. Eight crore free gas connections for poor women through Ujjwala Yojana. Govt. to implement minimum support price for all crops; It is hiked to 1.5 times of production costs. Govt. to contribute 12% of wages of new employees for all sectors. New flagship National Health Protection Scheme, providing a health insurance cover of Rs.5 lakh per family per year announced. Railway capex for 2018-19 set at Rs.1.48 lakh crore. Disinvestment target for this year set at Rs.80,000 crore. Automatic revision of emoluments parliamentarians every five years, pegged to inflation.

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