Arun Jaitley presents Union Budget 2018-19

This is the last full Budget of the government led by Prime Minister Narendra Modi before the country goes to polls in 2019.

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   Union Finance Minister Arun Jaitley presented the Union Budget 2018-19 in Parliament. The government proposes no change in personal income tax rates for salaried class. This is the last full Budget of the government led by Prime Minister Narendra Modi before the country goes to polls in 2019. It is also the first since the government effected major economic reforms, including the Goods and Services Tax (GST) and demonetisation. (Express Photo by Neeraj Priyadarshi)

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   Union Finance Minister Arun Jaitley on Thursday said India is a 2.5 trillion economy and is expected to become the 5th largest economy very soon. He reiterates that India will grow at 7.2-7.5% in the second half of the 2017-18. (Express Photo by Neeraj Priyadarshi)

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   Continuing with the trend from last year, the Railways Budget will be included in the General Budget. The Railways is expected to end this fiscal with an operating ratio of 95 per cent and project a 93 per cent operating ratio for 2018-19, sources said.(Express Photo by Praveen Jain)

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   Earlier on Monday the Economic Survey presented by Arun Jaitley in Parliament had projected India’s GDP growth ranging between 7 to 7.5 per cent in the upcoming fiscal year. (Express Photo by Neeraj Priyadarshi)

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   However, the Economic Survey also hinted for a ‘pause’ in fiscal consolidation. The survey, which was prepared by Chief Economic Adviser Arvind Subramanian, noted, “A pause in general government fiscal consolidation relative to 2016-17 cannot be ruled out.” (Express Photo by Neeraj Priyadarshi)

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   For senior citizens, the government proposes exemption of interest income on bank deposits raised to Rs 50,000.(Express Photo by Renuka Puri)

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   Jaitley said the government may introduce an Aadhaar-like scheme for businesses. How does this work? Just like an Aadhaar card, companies too may soon need a unique identity. “Aadhaar has provided an identity to every Indian. Aadhaar has eased the delivery of so many public services to our people,” Jaitley had said, while presenting the Budget.(Express Photo by Praveen Jain)

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   Copies of budget arrive at the Parliament. (Express Photo by Tashi Tobgyal)

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   Modi’s new healthcare programme, which Jaitley says will be the world’s largest, may surpass Obamacare. The National Health Protection Scheme will cover 10 crore poor and vulnerable families. The government will provide up to Rs 5 lakh per family per year for secondary and tertiary care hospital. (Express Photo by Ravish Tiwari)

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   At Bombay Stock Exchange in Mumbai ahead of Budget announcement (Express Photo by Nirmal Harindran)

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   CII Chandigarh during the Budget session (Express Photo by Kamleshwar Singh)

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   Congress President Rahul Gandhi after attending the Budget session on Thursday (Express Photo by Anil Sharma)