Highlights of Budget 2018-19 


  • Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament.
  • Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors
  • Government says, a series of structural reforms will propel India among the fastest growing economies of the world. Country firmly on course to achieve over 8 % growth as manufacturing, services and exports back on good growth path.
  • MSP for all unannounced kharif crops will be one and half times of their production cost like majority of rabi crops: Institutional Farm Credit raised to 11 lakh crore in 2018-19 from 8.5 lakh crore in 2014-15.
  • 22,000 rural haats to be developed and upgraded into Gramin Agricultural Markets to protect the interests of 86% small and marginal farmers.
  • “Operation Greens” launched to address price fluctuations in potato, tomato and onion for benefit of farmers and consumers.
  • Two New Funds of Rs10,000 crore announced for Fisheries and Animal Husbandary sectors;   Re-structured National Bamboo Mission gets  Rs.1290 crore.
  • Loans to Women Self Help Groups will increase to Rs.75,000 crore in 2019 from 42,500 crore last year.
  • Higher targets for Ujjwala, Saubhagya and Swachh Mission to cater to  lower and middle class in providing free LPG connections, electricity and toilets.
  • Outlay on health, education and social protection  will be 1.38 lakh crore. Tribal students to get Ekalavya Residential School in each tribal block by 2022. Welfare fund for SCs gets a boost.
  • World’s largest Health Protection Scheme covering over 10 crore poor and vulnerable families launched with a family limit upto 5 lakh rupees for secondary and tertiary treatment.
  • Fiscal Deficit pegged at 3.5 %, projected at 3.3 % for 2018-19.

Budget-Snapshot

Deficit-Trends

  • Rs. 5.97 lakh crore allocation for infrastructure
  • Ten prominent sites to be developed as Iconic tourist destinations
  • NITI Aayog to initiate a national programme on Artificial Intelligence(AI)
  • Centres of excellence to be set up on robotics, AI, Internet of things etc
  • Disinvestment crossed target of Rs 72,500 crore to reach Rs 1,00,000 crore
  • Comprehensive Gold Policy on the anvil to develop yellow metal as an asset class
  • 100 percent deduction proposed to companies registered as Farmer Producer Companies with an annual turnover upto Rs. 100 crore on profit derived from such activities, for five years from 2018-19.
  • Deduction of 30 percent on emoluments paid to new employees Under Section 80-JJAA to be relaxed to 150 days for footwear and leather industry, to create more employment.
  •  No adjustment in respect of transactions in immovable property where Circle Rate value does not exceed 5 percent of consideration.
  • Proposal to extend reduced rate of 25 percent currently available for companies with turnover of less than 50 crore (in Financial Year 2015-16), to companies reporting turnover up to Rs. 250 crore in Financial Year 2016-17,  to benefit micro, small and medium enterprises.
  • Standard Deduction of Rs. 40,000 in place of present exemption for transport allowance and reimbursement of miscellaneous medical expenses. 2.5 crore salaried employees and pensioners to benefit.
  • Relief to Senior Citizens  proposed:-
  • Exemption of interest income on deposits with banks and post offices to be increased from Rs. 10,000 to Rs. 50,000.
  • TDS  not required to be deducted under section 194A. Benefit also available for interest from all fixed deposit schemes and recurring deposit schemes.
  • Hike in deduction limit for health insurance premium and/ or medical expenditure from Rs. 30,000 to Rs. 50,000 under section 80D.
  • Increase in deduction limit for medical expenditure for certain critical illness from Rs. 60,000 (in case of senior citizens) and from Rs. 80,000 (in case of very senior citizens) to Rs. 1 lakh for all senior citizens, under section 80DDB.
  • Proposed to extend Pradhan Mantri Vaya Vandana Yojana up to March, 2020. Current investment limit  proposed to be increased to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen.

Tax-Receipts

  • More concessions for International Financial Services Centre (IFSC),  to promote trade in stock exchanges located in IFSC.
  • To control cash economy, payments exceeding Rs. 10,000  in  cash made by trusts and institutions to be disallowed and would be subject to tax.
  •  Tax on Long Term Capital Gains exceeding Rs. 1 lakh at the rate of 10 percent, without allowing any indexation benefit. However, all gains up to 31st January, 2018 will be grandfathered.
  •  Proposal to introduce tax on distributed income by equity oriented mutual funds at the rate of 10 percent.
  • Proposal to increase cess on personal income tax and corporation tax to 4 percent from  present 3 percent.
  •  Proposal to roll out E-assessment across the country to almost eliminate person to person contact leading to greater efficiency and transparency in direct tax collection.
  •  Proposed changes in customs duty to promote creation of more jobs in the country  and also to incentivise domestic value addition and Make in India in sectors such as food processing, electronics, auto components, footwear and furniture.

NO RELIEF FOR AKRAMA – AKRAMA DID NOT GET ANY RELIEF FROM SUPREME COURT ON 29-01-208 – The case continues!!!


The Apex Court was hearing an URGENT HEARING of AKRAMA – SAKRAMA, an application filed by the Government Of Karnataka – seeking to revoke/vacate the STAY on the scheme – but the SC relented to revoke the Stay.  The Stay continues.

NO RELIEF FOR THOSE, WHO HAVE COMMITTED AKRAMA, (Illegal layouts, revenue sites, farmhouses, farmlands in and around Bangalore, illegal buildings and unauthorized constructions)but have to live with the hope someday that they might get regularised.

The National Green Tribunal has ORDERED the KSPCB, BDA and State Government to ensure adequate measures to control the pollution in 3 lakes – Over 100 apartment complex must have STP and industries must have ETP


 The National Green Tribunal on Monday ordered the Karnataka State Pollution Control Board (KSPCB) to issue a directive to all 99 apartment complexes discharging sewage into Bellandur and Varthur lakes to install modular sewage treatment plants in the available space without posing a threat to structural safety.

The NGT’s principal bench was hearing the matter pertaining to the status of the highly polluted Bellandur and Varthur lakes when it passed the interim order based on the state’s action plan on reviving the water bodies. Recently, a 30-hour blaze had reduced grass and weeds around parts of Bellandur Lake to the cinder.

The bench said a strict vigil be maintained on industrial pollutants or effluents entering Bellandur, Agara, and Varthur lakes — part of Koramangala-Challaghatta valley, a natural system that carries excess rainwater away from the city.

Citing the government’s claim that macrophytes (dry floating grass and hyacinth) were the cause of the recent blaze, the bench directed physical removal of all such weeds and ordered a compliance report be placed every month before it.

The tribunal gave directions that an action plan must be chalked out for the revival of Varthur and Agara lakes. The bench ordered an action plan regarding disposal of solid municipal and other waste be placed before it.

The next hearing of the case is on February 28.

NGT has sought monthly reports on removal of weeds from lakes

Need action plan to revive Varthur, Agara lakes: NGT

This area has more illegal and unauthorized constructions, which are not mentioned in the report.  All illegal and unauthorized structures must be brought down to ensure that Air and Water are not polluted.
The areas near the old airport like kaggadasapura and marthahalli ha more illegal unauthorized structures discharging highly toxic pathogens into the valley must be controlled and severe action to be initiated by the state administration.  The area around madiwala and few layouts on hosur road, where innumerable washing units ( clothes) and dyeing units being run are discharging highly toxic chemicals like cyanide into the stormwater drain, which can be clearly seen by their colour in the stormwater drain in thavarekere, vinayaka nagar, garvebavipalya, madiwala, hongasandra and surrounding areas.
These chemicals not only pollute the sewage flowing to the lakes but also pollutes the underground water table, which is irreversible.
KSPCB might issue a notice, which is deliberately ignored by these industries, most of these industries were closed or shut shop by a neighboring state and the same has been installed here at Bangalore and even in surrounding areas.

GREAT AND GOOD NEWS FOR HOME BUYERS FROM RERA


The RERA has intimated to all the sub-registrars to ensure that all future property registration (sites and apartments) must have RERA Approval and it appears to be mandatory.

 

Beating the Retreat on 29-01-2018


The Spine-Chilling accounts of our soldier`s heroic acts and were conferred Kirti Chakra & Shaurya Chakra – We salute the heroes!!!!!


KIRTI CHAKRA

MAJOR VIJAYANT BIST

4TH BATTALION THE JAMMU AND KASHMIR LIGHT INFANTRY

06 June to 09 June 2017

On 06 June 2017 at 2140 hours, leading an ambush in Chorgali Forest of Uri district of Jammu and Kashmir, Major Vijayant spotted infiltration and immediately engaged them.  In the intense firefight, some terrorists infiltrated into Goalta forest.

At 0500 hours on 07 June, Major Vijayant tracked the terrorists and at 1140 hours engaged them in a fierce firefight.  While closing in with the terrorists, the first scout of the patrol Rifleman Raj Paul got injured. Under heavy volume of fire from the terrorist, the officer unmindful of his personal safety crawled forward and pulled his colleague almost 30 meters in an undulating ground behind cover. The terrorists continued to engage the patrol with heavy fire. Undeterred, he regardless of personal dangers, carried out hot pursuit of escaping terrorists. Displaying tactical acumen and extraordinary physical courage, he moved forward and engaged the fleeing terrorist and thus prevented their escape.  The officer motivated his team to continue the search of terrorists for next 48 hours under adverse weather conditions. His perseverance fructified on 09 June at 1345 hours when the terrorists have sighted again. In ensuing firefight, officer dashed forward, unmindful of terrorist’s heavy fire and lobbed grenades while firing on them. In this daring act, he neutralized one terrorist. However, the second terrorist charged towards the patrol and came face to face with the officer. Major Vijayant displaying nerves of steel and raw courage engaged the second terrorist in a close quarter battle and eliminated him at point blank range.

For displaying conspicuous gallantry and indomitable spirit, beyond the call of duty for eliminating two terrorists, saving the life of one comrade under the heavy volume of fire and gallantly leading his men in neutralizing three more terrorists, Major Vijayant is awarded “KIRTI CHAKRA”.

SHAURYA CHAKRA

 MAJOR AKHIL RAJ RV

THE GRENADIERS REGIMENT / 55TH BATTALION THE RASHTRIYA RIFLES

01 AUG 2017

On 01 Aug 2017, at approximately 0200 hrs, Major Akhil Raj RV generated input from his sources regarding the presence of hardcore Lashkar-e-Toiba terrorists in a house in Pulwama district of Jammu and Kashmir. Displaying tactical acumen of the highest order, meticulously planned the operation and established a foolproof cordon with stealth and surprise.

With total disregard to personal safety, the officer carried out reconnaissance amidst heavy terrorist fire for deploying his rocket launcher detachment, subsequently destroying the dominating terrorists from close range, the officer crawled through a breach created into the target house, displayed raw courage and exceptional reflex firing skills to eliminate one terrorist. Major Akhil displaying fearlessness and nerves of steel, deliberately moved out of cover to distract the attention of the remaining terrorists so that they could be neutralized from a different direction by another party.

for displaying exemplary leadership, raw courage, fearlessness in the face to intense firing and conspicuous gallantry beyond the call of duty resulting in the elimination of hardcore terrorists of Lashkar-e-Toiba tanzeem, Major Akhil Raj RV is awarded “SHAURYA CHAKRA”.

SHAURYA CHAKRA

CAPTAIN ROHIT SHUKLA

THE RAJPUT REGIMENT / 44TH BATTALION THE RASHTRIYA RIFLES

03 JULY 2017

Captain Rohit Shukla had been continuously tracking terrorist groups from the last two months. His untiring efforts bore fruits when on 03 July 2017 he was able to generate a specific intelligence regarding the presence of terrorists in Pulwama District of Jammu and Kashmir. Officer acted swiftly and reorganized his team from an ongoing operation in another location. To maintain surprise and speed, he quickly moved from previous operation site in a civil vehicle.

On reaching the area, Captain Rohit Shukla displaying the presence of mind, quickly appreciated the situation and made necessary changes in his plan and stealthily laid a quick cordon around the suspected house.  At 0740 hours, he challenged terrorists moving out of the house to ascertain their identity.  These persons initiated heavy volume of fire on the officer’s party.  Unmindful of his personal safety, Showing indomitable spirit and raw courage, Captain Rohit closed in with the terrorists and showing excellent tactical acumen, he directed MGL fire on the hiding terrorists, thus, forcing the terrorists to change their location.

Subsequently, during the search, Captain Rohit’s party drew fire from the terrorists and a grenade hurled by terrorists injured Captain Rohit in his leg.  Despite being injured and bleeding he continued directing fire and in the highest traditions of the Army, personally led the evacuation of his team from the target house complex. Thus saving lives of own personnel.

For displaying indomitable courage, initiative, bravery and taking on the terrorists, unmindful of his personal safety, resulting in the elimination of hardcore Hizbul Mujahideen terrorists, Captain Rohit Shukla is awarded “SHAURYA CHAKRA”.

SHAURYA CHAKRA

CAPTAIN ABHINAV SHUKLA

2ND BATTALION THE PARACHUTE REGIMENT (SPECIAL FORCES)

24 JUNE 2017 TO 25 JUNE 2017

Captain Abhinav Shukla was part of the team tasked to clear a built-up area at Badgam district of Jammu and Kashmir where terrorists were hiding after attacking a CRPF convoy. During close recce, the officer was injured with grenade splinters. Despite the injury the officer volunteered to lead his squad into the built-up area and in a daring feat while displaying exemplary leadership was the first to climb into the complex, covering an approximate height of 40 feet while firing on the move.

While clearing the built-up area Captain Abhinav Shukla drew accurate fire from terrorists, injuring him with a laceration. Unmindful of his injury and oblivious to the pain he continued to fire accurately on the terrorists. In the resulting close quarter firefight, the officer personally eliminated hardcore terrorists. Refusing to be evacuated and unmindful of personal injuries Captain Abhinav Shukla continued to guide his men and provided accurate fire support which led to the successful execution of the operation.

His display of indomitable courage and leadership resulted in the successful termination of a highly complex and difficult operation. For displaying gallant action in spite of personal injuries and raw courage under fire, Capt Abhinav Shukla is award  “SHAURYA CHAKRA”.

SHAURYA CHAKRA

CAPT PRADEEP SHOURY ARYA

106 INFANTRY BATTALION TERRITORIAL ARMY (PARA) ATTACHED WITH

4TH BATTALION THE PARACHUTE REGIMENT (SPECIAL FORCES)

28 MAY 2017

Captain Pradeep Shoury Arya was commissioned into 106 Infantry Battalion Territorial Army (PARA) on 20 November 2009 and was attached with 4th Battalion, The Parachute Regiment (Special Forces)

Captain Pradeep was the mission leader tasked to create an effective vibrant intelligence network along the line of control at Baramulla district of Jammu and Kashmir

On 28 May 2017 his assets informed of a probable infiltration which included both Lashkar-e-Taiba opposite own general area Chabuk in 19 Infantry Division Area of Responsibility, who were tasked to carry out direct action on own Acting swiftly Captain Arya organized an ambush party and stealthy inducted his team at the forward Line of Control post to intercept-cum-ambush them in the likely infiltration route

At approximately 2230 hours on 28 May 2017, Captain Pradeep while sitting his troop detected move of 4-6 terrorists moving 200 meters ahead in the nallah. Fearing the terrorists might slip away using the moonless night and dense jungle foliage, the officer showing pre-eminent valor moved ahead with his buddy in the mined area to intercept them and immediately initiated a firefight. Displaying intrepidity at the risk of his life and cold nerves he closed in, and sited himself over a fallen tree overlooking the terrorists Captain Pradeep Shoury Arya showing heroic initiative and inspirational combat leadership ran ahead from his concealed position, unmindful of his own safety and came directly in contact with the terrorists and eliminated them.

SHAURYA CHAKRA 

HAVILDAR MUBARAK ALI

THE GRENADIERS REGIMENT / 55TH BATTALION THE RASHTRIYA RIFLES

30 July 2017

On generic input regarding movement of terrorists in Pulwama district of Jammu and Kashmir, a battalion level cordon and search operation was launched on 30 July 2017 at approximately 0300 hours. Havildar Mubarak Ali was the Quick Reaction Team Non-Commissioned Officer (NCO) of his company during the op.

At approximately 0850 hours, The NCO observed the movement of suspicious persons in a by-lane, taking cover NCO challenged this suspected personnel, they immediately fired back at the NCO,  The terrorists took cover and started firing on the NCO. With the aim of effectively engaging the terrorist, NCO with utter disregard for personal safety, under heavy terrorist fire crawled and changed his location. In this process he got wounded, however, displaying exemplary junior leadership and courage beyond the call of duty, Havildar Mubarik Ali surprised and neutralized the terrorists.

For displaying exemplary junior leadership and courage beyond the call of duty which resulted in elimination of two hardcore Hizbul Mujahideen terrorists, Havildar Mubarik Ali is awarded “SHAURYA CHAKRA”.

SHAURYA CHAKRA

HAVILDAR RABINDRA THAPA

4/1ST BATTALION THE GORKHA RIFLES

07 JUNE 2017 TO 08 JUNE 2017

Havildar Rabindra Thapa is the post commander of Kilo III stop of the Sangam Complex along the Line of Control in Kupwara District of Jammu & Kashmir.

On the night of 07 June 2017, while an intense Cease Fire Violation was in progress, he continued to scan the area ahead with a Hand Held Thermal Imager and identified movement of some terrorists who were across the Anti Infiltration Obstacle System. He immediately alerted his Platoon Commander and commenced recording of the movement of the terrorists.

Once the terrorists had crossed though being under heavy fire, he re-sited himself without fear for his own safety and sprung the opportunity ambush.

As the terrorists started fleeing he continued to bring down effective fire. The individual crawled and moved to one flank from where he was able to bring down effective fire to eliminate the terrorists.

For this display of conspicuous courage, bravery and high awareness levels leading to the elimination of hard core foreign terrorists, Havildar Rabindra Thapa is awarded “SHAURYA CHAKRA”.

SHAURYA CHAKRA

NAIK NARENDER SINGH

9TH BATTALION THE PARACHUTE REGIMENT (SPECIAL FORCES)

24 – 25 JUNE 2017

Naik Narender Singh was part of the Troop deployed along the Line of Control at Rajouri district of Jammu and Kashmir to prevent unprovoked enemy attacks and infiltration in Noushera Sector.

On 25 June 2017 at 0445 hours, movement of heavily armed terrorists along the Line of Control was picked up by own troops.  The troop immediately launched to cut off and intercept the terrorists. On challenging them the terrorists opened indiscriminate fire and scattered in the dense bush.  As the gun fight raged, own squad came under intense fire from a group terrorists hiding behind the rocks. Realising the grave threat to own troops, Naik Narender displaying superlative battle craft, closed in with the hostiles and lobbed grenades to flush them out.  Finding themselves cornered, the hostiles rushed out firing and lobbing grenades simultaneously.  Undeterred by the fire, Naik Narender maintained his composure eliminated the hostiles at close quarters.

For his unparalleled devotion to duty, dogged determination, unflinching resolve and exceptional battle craft while single handedly eliminating the infiltrating, Naik Narender Singh is awarded  “SHAURYA CHAKRA”.

SHAURYA CHAKRA

LANCE NAIK BADHER HUSSAIN

4TH BATTALION THE JAMMU AND KASHMIR LIGHT INFANTRY

07 JUNE 2017

On 07 June 2017 at 0500 hours, Lance Naik Badher was the leading scout of the search party into a dense Forest at Uri district of Jammu and Kashmir.

Persistently searching trails of terrorists at 1140 hours, he spotted terrorists and immediately warned his party.   However, in the ensuing firefight, Rifleman Vijay was severely injured. Sensing danger to his buddy he exposed himself, unmindful of his personal safety, he continued maintaining his position and brought down heavy volume of fire on terrorists, enabling others to pull back his buddy to safety but terrorists managed to escape. Undeterred, he continued hot pursuit and was part of search for trail of terrorists. When terrorists were sited again, he established a stop and displaying nerves of steel, brought down accurate fire on them, ensuring elimination of the terrorists.

For this gallant act of saving a life and eliminating hardcore foreign terrorists ensemble with conspicuous courage, beyond the call of duty, Lance Naik Badher is awarded “SHAURYA CHAKRA”.

SHAURYA CHAKRA

PARATROOPER MANCHU

12TH BATTALION THE PARACHUTE REGIMENT (SPECIAL FORCES)

06 JUNE 2017

Paratrooper Manchu, 12th Battalion THE PARACHUTE REGIMENT (SPECIAL FORCES), deployed in Mon District (Nagaland) was part of Mobile Vehicle Check Post (MVCP) on 06 June 17.

Based on input regarding move of suspected cadres of NSCN(K) and ULFA(I), combined column under Major David Manlun and Capt (Now Major) Nitesh Kumar moved out to establish a MVCP. At approx at 2200h two Auto Rickshaws sped past MVCP and on being pursued by own squad in Gypsy came to sudden halt.  The terrorists dismounted and opened heavy fire and lobbed grenades on own party.  In the ensuing fire fight three soldiers were critically injured. Paratrooper Manchu moved towards injured under heavy fire and brought down effective fire and enabled elimination of the terrorists.  Due to the grenade blast he was grievously injured in both eyes and shoulder but despite bleeding profusely he pulled back two soldiers to safety.

During the operation Paratrooper Manchu displayed raw courage and presence of mind under heavy fire. His initiative and determination of very high order despite grievous injuries to himself saved lives of his fellow squad members. For this gallant action, Paratrooper Manchu is awarded  “SHAURYA CHAKRA”.