India Budget 2018-19 Highlights: Divestment Target Rs 80,000 Cr | CORPORATE ETHOS

India Budget 2018-19 Highlights: Divestment Target Rs 80,000 Cr

By: | February 1, 2018
arun jaitley

India Government has targeted a divestment of Rs 80,000 cr for FY 19 while bank recapitalisation will allow banks to give additional lending of Rs 5 lakh crore and massive outlay has been provided for railways and roadways in the India Budget 2018-19 being presented in Parliament by Finance Minister Arun Jaitley.

Highlights:
-5 lakh WiFi hotspots to provide broadband access to 5 crore rural people
-Revised fiscal deficit target of 3.5% of GDP at Rs 5.95 lakh crore for the current fiscal and 3.3% for FY19
-MSP for kharif crops to be 1.5 times input cost
-Exports to grow at 15% in 2017-18
-Government to allocate Rs 7140 cr for textiles sector in 2018-19
-Govt doesn’t consider crypto-currencies legitimate