Budget 2018: companies and Banking and manymore - The Viral Things

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Thursday, February 1, 2018

Budget 2018: companies and Banking and manymore



Companies

* AADHAAR FOR CORPORATES? Govt will evolve a scheme to assign a Unique ID for cos

* Disinvestment target of Rs 80,000 crore for FY19 

* National Insurance Co, Oriental Insurance Co and United Assurance Co to be merged into one entity and subsequently listed 

* Govt revises divestment target for the current fiscal to Rs 1 lakh crore for FY 18.

Banking

* Recapitalisation will pave the way for public banks to lend an additional Rs 5 lakh crore 

Industries

* Rs 7,148 cr allocated for textile sector 

Miscellaneous

* Defence outlay raised to Rs 2.82 lakh crore in 2018-19 from Rs 2.67 lakh crore in current year 

* Food subsidy to rise to Rs 1.69 lakh crore in 2018-19 from Rs 1.4 lakh crore in current year. 


* Emoluments for President set at Rs 5 lakh, Rs 4 lakh for Vice President, Rs 3.5 lakh for governors 

* Emoluments for Parliamentrians: Law for increase in pay based on index to inflation 

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