Budget 2018:Employee-centric schemes ,Railways,

Employee-centric schemes

* Govt will contribute 12% of the wages of new employees in EPF in all sectors for next 3 years 

* Women contribution to EPF reduced to 8% for first 3 years .

Infrastructure

* India needs investment of Rs 50 lakh crore in the infrastructure sector 

* Construction of new tunnel in Sera Pass to promote tourism 

* Out of 100 smart cities 99 cities have been selected, with an outlay of Rs 2.04 lakh crore 

* 10 prominent tourist sites will be made iconic tourist destinations, with an amalgamation of private funding, marketing and branding 

* Bharatmala project: To develop 35,000 KM under phase 1 with an outlay of Rs 5.35 lakh crore 

* Govt to introduce pay-as-you-use system for toll payments 

Railways

* Railway capex has been pegged at Rs 1.48 lakh crore , up from Rs 1.31 lakh crore last year 

* Eliminate unmanned railway crossing 

* All stations with footfall of greater than 25,000 will have escalators. 

* More stations and trains will progressively be built with WiFi and CCTV camera 

* Govt to eliminate 4267 unmanned rail crossing in broad gauge in 2 years 

* Allocates Rs 11,000 crore Mumbai rail network and Rs 17,000 crore for the Bengaluru metro 

* 150 km of additional suburban railway networks to be set up in Bengaluru at the cost of Rs 17,000 cr.

Aviation

* Airport Authority of India (AAI) has 124 airports. Propose to increase the number by at least 5 times 1 billion trips a year, Rs 60 cr has been allocated to kickstart the initiative 

* UDAN Scheme to connect 64 unconnected airports across the country.

Markets

* Govt to take additional measures to strengthen environment for venture capitalists and angel investors. 

* SEBI to consider mandating large corporations to meet 1/4th of their debt needs 

* SEBI to mull asking large cos to meet 25% debt from bond market

* RBI norms to nudge companies to access bond market for funds

Technology

* Allocation to Digital India scheme doubled to Rs 3073 cr 

* 5 lakh WiFi HotSpots to provide Broadband access to 5 crore rural citizens, at the cost of Rs 10,000 cr. 

* Government will take measures to stop cryptocurrency circulation, as it is not considered legal tender 

* Government will explore the usage of Blockchain technology. 

companies and banking and many more

agriculture in budget 2018

Budget 2018:Employee-centric schemes ,Railways

The good, bad and ugly of Budget 2018 is right here

Rural Economy and Education