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Thursday, 1 February 2018

Union Budget 2018 Live – Key Takeaways

The main focus points in the Finance Minister Arun Jaitley Budget speech are Farmers, rural India, and youth so far. The government announced higher MSP for farmers and an operation green to boost produce; welfare schemes for villages and a promise to take education digital.

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In the parliament, Jaitley is delivering the speech both in Hindi and English, which is not the usual tradition. He mentioned in his speech that the government’s focus will shift from Ease of Doing Business to Ease of Living for poorest of the poor.

After the GST roll-out, this is the first Narendra Modi government’s Budget. It is also the last pre-poll budget of government. It is expected the government will give certain relief in Income Tax and Corporate tax along with farm shops.

Jaitley seeks to address farm distress, create jobs and boost growth while sticking to fiscal prudence and negotiating a tricky GST twist. This is most awaited budget and expected to be the populous budget being keenly watched to see what Arun Jaitley does to boost growth in Asia's third-largest economy.

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