The Budget 2018 conferred by the Finance Minister (FM) in the Parliament on 1 February 2018 focal point brodly on preposition for huge allotment towards expenditure for much that ails many key divison of our country—poor, farmers, women, senior citizens—the theme being their ‘ease of living’. Budget 2018 also dramitcally plans to equip for ‘India of the future’ with focus on Digital India, STEM (science, technology, engineering and maths) and other relevant skills.
Without doubt, the promise of Universal Healthcare (being called Modicare) for almost half the country (intended coverage 100 million families), is what stands out. Naysayers may call it an empty promise, yet this populist measure carries with it a unique stamp of the present government, of prioritizing ‘social security for all’ and sensitivity to social issues. What is reassuring to note is that the pressure to be populist has not led the government to lose its commitment to fiscal prudence. Thematically, the budget story continues to hold on to its agenda of fundamental socioeconomic reforms in the country. For the individual taxpayers, there are a few proposals that should bring cheer.
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