Highlights of Union Budget 2018-2019

Top Developments

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"
₹2,000 crore fund for development of agri markets
All senior citizens will now be able to claim benefit of a deduction of ₹50,000 for any medical insurance.
For critical illnesses, the deduction has been increased to ₹1,00,000.
Free power connections to 4 crore homes under the Saubhagya Yojana
8 crore free gas connection 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 ₹5 lakh per family per year announced
Railway capex for the year 2018-19 set at ₹1.48 lakh crore
Disinvestment target for this year set at ₹80,000 crore
Automatic revision of emoluments Parliamentarians every five years, pegged to inflation