On behalf of ELP I am delighted to present our analysis of the Union Budget 2018-19, delivered by the Honourable
Finance Minister Mr Arun Jaitley. In what is the last full-fledged budget prior the General Elections in 2019, the
Finance Minister has sought to provide an impetuous with targeted measures designed to keep the growth momentum
Most noteworthy are:
India has always been an agrarian economy, and the Budget has set out programmes to benefit this sector. In this
direction, the allocation of INR 500 crores for “Operation Green” would go a long way raising the technology as well as production and at the same time ensuring output to feed the population.
On the social welfare front, the highlight is the allocation to establish one of the largest healthcare insurance
programmes in the world. The rising cost of healthcare and vulnerability of all those at the lowest end of the population has been a long-standing concern. This Budget proposes to provide coverage up to INR Five lakhs per
family per year for secondary and tertiary care hospitalisation to more than ten crore (i.e. 100 million) poor and
vulnerable families (approximately 500 million beneficiaries) by allocating adequate finds.
The Rural Infrastructure Development and the Swatch Bharat Abhiyan continue to receive major allocations; along
with the government’s flagship programmes on affordable housing. Even issues like pollution in Delhi NCR have
received an allocation under this budget.
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