Summary: Union Budget 2018-19 | RBI Grade B Phase 1 Preparation - Bank Exams PDF Download

 Page 1


 
  
 
Budget 2018-2019 Gist 
CONTENTS 
Introduction 
? India’s current position 
? Important focus areas of Budget 2018 
Strengthening Agriculture and Rural Economy 
? Cluster based development of agri-commodities and regions  
? Emphasis on Organic Farming 
? Increased MSP to Farmers 
? Operation Greens 
? Fisheries and Animal Husbandry 
? Bamboo Mission 
? Food Processing  
? Agricultural credit and tax deduction 
? Expanding eNAM coverage   
? All-weather road in rural areas 
? Small and Cottage industries 
? Rural Irrigation 
? Livelihood opportunities for Rural India 
? Rural Electrification  
? Rural Housing 
? Rural Sanitation 
Education Sector 
? Improvement in quality of teachers 
? Role of Technology in Education 
? Quality Education to Tribal children 
? Investments in Research and related Infrastructure  
? Institutes of Eminence and Schools of Planning and Architecture (SPAs) 
? Prime Minister’s Research Fellows (PMRF) Scheme 
? Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)  
Page 2


 
  
 
Budget 2018-2019 Gist 
CONTENTS 
Introduction 
? India’s current position 
? Important focus areas of Budget 2018 
Strengthening Agriculture and Rural Economy 
? Cluster based development of agri-commodities and regions  
? Emphasis on Organic Farming 
? Increased MSP to Farmers 
? Operation Greens 
? Fisheries and Animal Husbandry 
? Bamboo Mission 
? Food Processing  
? Agricultural credit and tax deduction 
? Expanding eNAM coverage   
? All-weather road in rural areas 
? Small and Cottage industries 
? Rural Irrigation 
? Livelihood opportunities for Rural India 
? Rural Electrification  
? Rural Housing 
? Rural Sanitation 
Education Sector 
? Improvement in quality of teachers 
? Role of Technology in Education 
? Quality Education to Tribal children 
? Investments in Research and related Infrastructure  
? Institutes of Eminence and Schools of Planning and Architecture (SPAs) 
? Prime Minister’s Research Fellows (PMRF) Scheme 
? Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)  
 
  
 
Health Sector 
? ‘‘Ayushman Bharat’’ programme 
? Health and Wellness Centres 
? Rashtriya Swasthya Bima Yojana (RSBY) 
? National Health Protection Scheme (NHPS) 
? Nutritional support to TB patients  
? Medical education and health care 
? Sanitation 
? Pradhan Mantri National Dialysis Programme  
? Do you know? 
Social security and Protection Programmes 
? National Social Assistance Programme (NSAP) 
? Pradhan Mantri Jan Dhan Yojana (PMJDY) 
Ease of Living for common man 
? Free LPG connections to women increased  
? Skill development and employment opportunities 
? Allocation to SCs/STs 
? Social security 
? Construction of more toilets 
? To achieve inclusive society  
? A step forward towards a Digital Society  
? Providing quality life to Senior Citizens 
Environment 
? Air pollution 
? Namami Gange programme 
Medium, Small and Micro Enterprises (MSMEs) and Employment 
? Energizing Small Businesses for New India   
? Tax deductions 
? Defence Production Policy 2018 to promote MSMEs 
? Skill development and employment opportunities 
Page 3


 
  
 
Budget 2018-2019 Gist 
CONTENTS 
Introduction 
? India’s current position 
? Important focus areas of Budget 2018 
Strengthening Agriculture and Rural Economy 
? Cluster based development of agri-commodities and regions  
? Emphasis on Organic Farming 
? Increased MSP to Farmers 
? Operation Greens 
? Fisheries and Animal Husbandry 
? Bamboo Mission 
? Food Processing  
? Agricultural credit and tax deduction 
? Expanding eNAM coverage   
? All-weather road in rural areas 
? Small and Cottage industries 
? Rural Irrigation 
? Livelihood opportunities for Rural India 
? Rural Electrification  
? Rural Housing 
? Rural Sanitation 
Education Sector 
? Improvement in quality of teachers 
? Role of Technology in Education 
? Quality Education to Tribal children 
? Investments in Research and related Infrastructure  
? Institutes of Eminence and Schools of Planning and Architecture (SPAs) 
? Prime Minister’s Research Fellows (PMRF) Scheme 
? Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)  
 
  
 
Health Sector 
? ‘‘Ayushman Bharat’’ programme 
? Health and Wellness Centres 
? Rashtriya Swasthya Bima Yojana (RSBY) 
? National Health Protection Scheme (NHPS) 
? Nutritional support to TB patients  
? Medical education and health care 
? Sanitation 
? Pradhan Mantri National Dialysis Programme  
? Do you know? 
Social security and Protection Programmes 
? National Social Assistance Programme (NSAP) 
? Pradhan Mantri Jan Dhan Yojana (PMJDY) 
Ease of Living for common man 
? Free LPG connections to women increased  
? Skill development and employment opportunities 
? Allocation to SCs/STs 
? Social security 
? Construction of more toilets 
? To achieve inclusive society  
? A step forward towards a Digital Society  
? Providing quality life to Senior Citizens 
Environment 
? Air pollution 
? Namami Gange programme 
Medium, Small and Micro Enterprises (MSMEs) and Employment 
? Energizing Small Businesses for New India   
? Tax deductions 
? Defence Production Policy 2018 to promote MSMEs 
? Skill development and employment opportunities 
 
  
 
Infrastructure  
? Urbanization  
? Tourism 
? Railways 
? Road transport  
? Air transport 
? Defence Sector  
? Others 
 
  
Page 4


 
  
 
Budget 2018-2019 Gist 
CONTENTS 
Introduction 
? India’s current position 
? Important focus areas of Budget 2018 
Strengthening Agriculture and Rural Economy 
? Cluster based development of agri-commodities and regions  
? Emphasis on Organic Farming 
? Increased MSP to Farmers 
? Operation Greens 
? Fisheries and Animal Husbandry 
? Bamboo Mission 
? Food Processing  
? Agricultural credit and tax deduction 
? Expanding eNAM coverage   
? All-weather road in rural areas 
? Small and Cottage industries 
? Rural Irrigation 
? Livelihood opportunities for Rural India 
? Rural Electrification  
? Rural Housing 
? Rural Sanitation 
Education Sector 
? Improvement in quality of teachers 
? Role of Technology in Education 
? Quality Education to Tribal children 
? Investments in Research and related Infrastructure  
? Institutes of Eminence and Schools of Planning and Architecture (SPAs) 
? Prime Minister’s Research Fellows (PMRF) Scheme 
? Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)  
 
  
 
Health Sector 
? ‘‘Ayushman Bharat’’ programme 
? Health and Wellness Centres 
? Rashtriya Swasthya Bima Yojana (RSBY) 
? National Health Protection Scheme (NHPS) 
? Nutritional support to TB patients  
? Medical education and health care 
? Sanitation 
? Pradhan Mantri National Dialysis Programme  
? Do you know? 
Social security and Protection Programmes 
? National Social Assistance Programme (NSAP) 
? Pradhan Mantri Jan Dhan Yojana (PMJDY) 
Ease of Living for common man 
? Free LPG connections to women increased  
? Skill development and employment opportunities 
? Allocation to SCs/STs 
? Social security 
? Construction of more toilets 
? To achieve inclusive society  
? A step forward towards a Digital Society  
? Providing quality life to Senior Citizens 
Environment 
? Air pollution 
? Namami Gange programme 
Medium, Small and Micro Enterprises (MSMEs) and Employment 
? Energizing Small Businesses for New India   
? Tax deductions 
? Defence Production Policy 2018 to promote MSMEs 
? Skill development and employment opportunities 
 
  
 
Infrastructure  
? Urbanization  
? Tourism 
? Railways 
? Road transport  
? Air transport 
? Defence Sector  
? Others 
 
  
 
  
 
Gist of Budget 2018-2019 
INTRODUCTION 
India’s current position: 
? India achieved an average growth of 7.5% in last 3 years. IMF, 
in its latest Update, has forecast that India will grow at 7.4% 
next year. 
? India’s USD 2.5 trillion-dollar economy is the seventh largest in 
the world and is expected to become the fifth largest economy 
soon.  
? On Purchasing Power Parity basis, India is already the third 
largest economy. 
? At the international level, the country is ranked 100 in World Bank’s ‘Ease of Doing 
Business’ breaking into top 100 for the first time. 
 
Important focus areas of Budget 2018: 
Government has taken up programmes to direct the benefits of structural changes and growth 
to reach farmers, poor and other vulnerable sections of our society and to uplift the under-
developed regions.  
This year’s Budget will consolidate these gains and particularly focus 
on  
1. strengthening agriculture and rural economy,  
2. provision of good health care to economically less 
privileged,  
3. taking care of senior citizens,  
4. infrastructure creation and  
5. working with the States to provide more resources for  improving the quality of 
education in the country. 
  
Page 5


 
  
 
Budget 2018-2019 Gist 
CONTENTS 
Introduction 
? India’s current position 
? Important focus areas of Budget 2018 
Strengthening Agriculture and Rural Economy 
? Cluster based development of agri-commodities and regions  
? Emphasis on Organic Farming 
? Increased MSP to Farmers 
? Operation Greens 
? Fisheries and Animal Husbandry 
? Bamboo Mission 
? Food Processing  
? Agricultural credit and tax deduction 
? Expanding eNAM coverage   
? All-weather road in rural areas 
? Small and Cottage industries 
? Rural Irrigation 
? Livelihood opportunities for Rural India 
? Rural Electrification  
? Rural Housing 
? Rural Sanitation 
Education Sector 
? Improvement in quality of teachers 
? Role of Technology in Education 
? Quality Education to Tribal children 
? Investments in Research and related Infrastructure  
? Institutes of Eminence and Schools of Planning and Architecture (SPAs) 
? Prime Minister’s Research Fellows (PMRF) Scheme 
? Atal Tinkering Labs (ATLs) and Atal Innovation Mission (AIM)  
 
  
 
Health Sector 
? ‘‘Ayushman Bharat’’ programme 
? Health and Wellness Centres 
? Rashtriya Swasthya Bima Yojana (RSBY) 
? National Health Protection Scheme (NHPS) 
? Nutritional support to TB patients  
? Medical education and health care 
? Sanitation 
? Pradhan Mantri National Dialysis Programme  
? Do you know? 
Social security and Protection Programmes 
? National Social Assistance Programme (NSAP) 
? Pradhan Mantri Jan Dhan Yojana (PMJDY) 
Ease of Living for common man 
? Free LPG connections to women increased  
? Skill development and employment opportunities 
? Allocation to SCs/STs 
? Social security 
? Construction of more toilets 
? To achieve inclusive society  
? A step forward towards a Digital Society  
? Providing quality life to Senior Citizens 
Environment 
? Air pollution 
? Namami Gange programme 
Medium, Small and Micro Enterprises (MSMEs) and Employment 
? Energizing Small Businesses for New India   
? Tax deductions 
? Defence Production Policy 2018 to promote MSMEs 
? Skill development and employment opportunities 
 
  
 
Infrastructure  
? Urbanization  
? Tourism 
? Railways 
? Road transport  
? Air transport 
? Defence Sector  
? Others 
 
  
 
  
 
Gist of Budget 2018-2019 
INTRODUCTION 
India’s current position: 
? India achieved an average growth of 7.5% in last 3 years. IMF, 
in its latest Update, has forecast that India will grow at 7.4% 
next year. 
? India’s USD 2.5 trillion-dollar economy is the seventh largest in 
the world and is expected to become the fifth largest economy 
soon.  
? On Purchasing Power Parity basis, India is already the third 
largest economy. 
? At the international level, the country is ranked 100 in World Bank’s ‘Ease of Doing 
Business’ breaking into top 100 for the first time. 
 
Important focus areas of Budget 2018: 
Government has taken up programmes to direct the benefits of structural changes and growth 
to reach farmers, poor and other vulnerable sections of our society and to uplift the under-
developed regions.  
This year’s Budget will consolidate these gains and particularly focus 
on  
1. strengthening agriculture and rural economy,  
2. provision of good health care to economically less 
privileged,  
3. taking care of senior citizens,  
4. infrastructure creation and  
5. working with the States to provide more resources for  improving the quality of 
education in the country. 
  
 
  
 
STRENGTHENING AGRICULTURE AND RURAL ECONOMY 
1. Development of cluster-based development of agri-commodities and regions 
? As India is primarily an agriculture based country, government aims to develop cluster 
based model in a scientific manner for identified agriculture produces in our districts in 
the same manner as we have developed model for industrial sector. 
? Cultivation of horticulture crops in clusters bring advantages of scales of operations and 
can spur establishment of entire chain from production to marketing, besides giving 
recognition to the districts for specific crops. 
? Therefore, Ministry of Agriculture & Farmers’ Welfare will reorient its ongoing Schemes 
and promote cluster based development of agri-commodities and regions in 
partnership with the Ministries of Food Processing, Commerce and other allied 
Ministries. 
2. More emphasis on Organic Farming 
? Organic farming by Farmer Producer Organizations (FPOs) and Village Producers’ 
Organizations (VPOs) in large clusters, preferably of 1000 hectares each, will be 
encouraged. 
? Women self Help Groups (SHGs) to be encouraged to take up organic agriculture in 
clusters under National Rural Livelihood Programme. 
3. Increased MSP to Farmers 
? Government has decided to offer a minimum support price 
(MSP) of at least 1.5 times the expenses borne by farmers for 
all crops.  
? Important step towards doubling the income of our Farmers 
by 2022 when India celebrates its 75th year of independence. 
? Niti Ayog, in consultation with Central and State 
Governments, will put in place a fool-proof mechanism so 
that farmers will get adequate price for their produce.  
4. Operation Greens 
? Budget has allocated Rs 500 crore for “Operation Green” – to promote Farmer 
Producers’ Organization (FPOs), agri logistics and processing.  
? Aim is to increase shelf-life of perishable commodities. 
5. Fisheries and Animal Husbandry