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Budget 2018 benefits, impact LIVE: ‘Modi Care’ hogs limelight, Jaitley’s proposals get mixed reactions

Budget 2018 LIVE: Read reactions, analysis, impact ob last full budget presented by Arun Jaitley before 2019.

Budget 2018 benefits, impact, analysis LIVE: Finance Minister Arun Jaitley’s last full budget before General Elections 2019 has received mixed reactions from experts, industry and political parties. While many felt disappointed after Jaitley apparently shunned the middle class, which is considered to be main vote bank of the BJP, some believe Budget 2018 is a bid to prepare the ground for Narendra Modi’s bid to return to power in 2019. The Budget has focussed on rural areas, farmers, education, and especially health care. Modi’s ambitious plan to providehealth coverage of Rs 5 lakh to 10 crore families each of the country has become the talking point as it is one of the most ambitious healthcare project ever attempted by the world.

 

Check LIVE Budget 2018 benefits, impact, reactions, analysis

12: 10 pm: Budget 2018 Reactions – The Union Budget 2018 has been slammed by the BJP’s alliance TDP. After the tabling of the budget, TG Venkatesh, TDP MP, said, We are going to declare war, have three options, 1 is to try and continue, 2 is our MPs resign and 3rd is breaking of an alliance. Will decide in meeting with CM on Sunday,” while speaking to ANI.

12: 05 pm: Budget 2018 Impact – In an attempt to provide a boost to domestic manufacturing, customs duty on strategic products such as processed food, perfumes, toiletry preparations, electronics (including cellular mobile phones, smart watches/wearable devices), auto components, footwear, toys and furniture have been increased.

Budget 2018: Fresh impetus for the domestic manufacturing sector

11: 50 am: Budget 2018 Benefit – The Finance Minister introduced a standard deduction of Rs 40,000 for the salaried taxpayer. The senior citizens were also given a gift in the Budget by increasing the limits for tax-free interest income from Rs 10,000 to Rs 50,000.

Tax Takeaways From Budget 2018 For The Common Man

 

Budget 2018: FM Arun Jaitley has done well by meeting some expectations on the income tax front

11.31 am:  Budget 2018 Impact – Sensex crashed on Friday morning trades. BSE Sensex lost 591.69 points, while Nifty lost 190.4 points.

Budget impact: Sensex crashes nearly 600 pts, Nifty slips below 10,850; HDFC twins drag, bankers, realty bleed

11.20 am: Fiscal discipline takes the backseat! Indian economist Eswar Prasad tells PTI: “Fiscal discipline has taken a backseat in this budget, which contains many tinges of populism, as was to be expected in the run-up to a national election cycle. There are no major measures that could stimulate private investment, which has been notably weak even during the recent period of high growth,” Prasad said.