Revised fiscal deficit for 2017-18 was Rs 5.95 lakh crore or 3.5 per cent of GDP.
And without any change in income tax rates and few incentives for the salaried middle class, they will not be the only ones disappointed with this year's budget. To make sure that the scheme gets implemented properly, a national health survey will be instituted to monitor the developments.
"The promise of Rs 5 lakh per family for secondary and tertiary healthcare is a big "jumla". "Furthermore, the allocation of Rs 10,000 crore for the five lakh WiFi hotspots to provide broadband access to five crore rural citizens is also promising".
He said if the insurance companies will foot the bill, the estimated premium at Rs 5,000 to Rs 15,000 per family will require an outgo from Rs 50,000 crore to Rs 1.5 lakh crore per year.
In the budget 2018, the finance minister provided relief to salaries taxpayers by way of standard deduction of Rs 40,000 under transport and medical reimbursement.
The Congress leader said he did not hear any measures to boost exports.
Apart from raising the minimum support price for all crops, the government proposed raising credit for the agricultural sector to 11 trillion rupees ($172.3 billion) for the upcoming fiscal year.
Course conditions cancel training for pre-Olympic downhills
Organisers plan a training session today, later followed by a downhill race, with a second downhill scheduled for tomorrow. After two 10th places, this was her best career result by far, and only 0.21 seconds separated her from the top three.
"There is nothing to indicate that farmers real income will rise".
Jaitley sought to address agriculture distress, create jobs and boost economic growth while at the same time stick to fiscal prudence.
In a bid to further the "Make In India" campaign, Finance Minister Arun Jaitley has announced that the basic custom duty on specified parts/accessories of motor vehicles, motor cars, motor cycles will be increased from 7.5 per cent - 10 per cent to 15 per cent.
"Even though the step is welcome and will definitely benefit the sector, most small and micro enterprises are based on the business structure of proprietorships and partnerships which are not covered in the announcement", Jitendra Gupta, president, Laghu Udyog Bharti, an all India association of micro and small industries in India told ET. "A social security regime is beginning to take shape in India", Jaitley said. Amid apprehensions about the provisional allocation of Rs 2000 for the scheme, Mr Jaitley promised more funds as the scheme rolls out in the next financial year.
"For the middle class earner and saver, one cancels the other. It is a defeatist budget". Insurance companies that would be the implementation channels for the National Health Protection Scheme will benefit from the technologies that enable clinical effectiveness because they minimize risk and improve efficiencies. "It is simply an accounting gimmick", he said. NCDs such as diabetes, cancer, and heart disease contribute to 61% of all mortalities every year in our country, and the World Health Organization estimates that these will cost India nearly $5 trillion dollars by 2030.
If Modi goes ahead with this proposal in the coming months and organizes a constitutional amendment, the next national election could be brought forward from next April to around the turn of the year along with various assembly polls including key states such as Madhya Pradesh, Rajasthan that are due by next January.