SANDHIT

Highlights of finanacial budget

Capital spending pegged at Rs 1.5 lakh crore for railways
The Railways may chart a course to spend the highest ever plan size
in Budget 2018-19 with sources pegging a figure close to Rs 1.5 lakh
crore of capital expenditure. Unlike the last Budget, the Railways will
allocate resources on broad categories while detailed projects will be
fitted into them later, sources said.
Tax
10 per cent market tax in name of helping real economy
Jaitley announced 10 per cent taxation on long-term capital gains
exceeding Rs 1 lakh arising from sale of listed equity shares or units
of equity-oriented mutual funds. He suggested this as part of a
strategy to route business surpluses to manufacturing and real
economy sectors, away from financial assets.
Airports and connectivity
Govt to raise airport capacity to handle 1 billion trips a year
Apart from its push to expand airport infrastructure in priority areas to promote the regional
connectivity scheme, the Centre has also proposed expansion of airport capacity by more
than five times to handle a billion trips a year, compared with nearly 180 million trips now.
Govt allocates Rs 1,014.09 crore for Northeast aviation infrastructure
The finance ministry announced an allocation of Rs 1,014.09 crore for the upcoming financial
year towards revival of 50 airports and viability gap funding for improving aviation
infrastructure in the area under the flagship regional connectivity scheme. This amount is
nearly five times the allocation of Rs 200.11 crore as per the revised estimates of 2017-18.
Rs 4,469 crore for two new aircraft