Published On: Thu, Feb 1st, 2018

Updates of Union Budget

As per reports-

For Indian Railways, the government allocates capital expenditure of Rs 1,48,528 crore for 2018-19, announces Jaitley. All trains will soon have state-of-the-art facilities such as WiFi for instance.

Along with other projects, the Govt sanctions over 180 projects for the cleaning of Ganga. The government has identified 115 districts along the Ganga to develop and aims at improving quality of life in these districts. The govt expects these to become a model of development.

Two new schools of planning and architecture to be set up; 18 more in IITs and NIITs. Government to launch Prime Minister’s Research Fellow Scheme which will identify 1000 B.Tech students to do Ph.D at IITs. To increase digital intensity in education; to move from blackboard to digital board, added Jaitley

 Govt to develop 10 tourist destinations to attract more people to the country. Amenities will be enhanced under the Amrut programme.

The introduction of GST and demonetisation has created a large database on MSME’s, says Jaitley. Govt will soon announce measures to tackle non-performing assets (NPAs), adds Jaitley.

Jobs and employment: Jaitley lists what the government has done in the previous year. Govt to contribute 12% of EPF contribution for new employees in all sectors for three years, says Jaitley. He adds that contributions from women employees will be brought down from 12% to 8%.

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