Budget highlights

News Desk

• Customs duty exemption on raw sugar, agro-animal based products, skimmed milk, soya fibre, soya protein   withdrawn.
•  Nirmala Sitharaman cuts short her Budget speech after feeling unwell towards end.
• Health cess on import of medical equipment that are also made in India
•  Customs duty on footwear and furniture raised
•  Date of approval of affordable housing projects for availing tax holiday on profit earned by developers     extended by 1 yr
•  Rs 40,000 cr per annum will be revenue foregone from new income tax rates for individuals
•  A person earning Rs 15 lakh per anum and not availing any deductions will have to pay Rs 1.95 lakh tax in   place of earlier Rs 2.73 lakh.
•  Those earning upto Rs 5 lakh in a year will pay zero tax.
•  For income between Rs 7.5 lakh and Rs 10 lakh per annum , tax rate reduced to 15 pc from 20 pc  Govt to sell   part of its holding in LIC,
•  Deposit insurance for depositors increased to Rs 5 lakh from Rs 1 lakh
•  5 archaeological sites in Haryana, UP, Assam, Gujarat and Tamil Nadu, to be developed with on-site   museums.
•  Special bridge courses for teachers, nurses, para medical staff, caregivers.
•  Medical colleges to be linked with district hospitals.
•  PPP model hospitals for Ayushman Bharat beneficiaries in 112 aspirational districts. UP has eight auch districts.