Essay on Budget 2018-19

"The budget doesn't have much control over the government, then again the government doesn't have much control over the budget."

        The budget is an annual exercise, which shows the people at large, the earning and the expenditures of the country in the past financial year. The financial year of India starts from 1st April and till 31st March of next year. With this annual exercise the government is supposed to understand where it faulted, how it could reduce the expenditure or increase its income. The Government is also supposed to evaluate as to which spheres requires mere funds and which can be curtailed, in order to strike a balance growth.

       The budget of financial year 2018-19 was announced on Feb 01, 2018 by financial minister Mr. Arun Jaitley. Prime Minister Mr. Narendra Modi describe it as a peasant favored. The finance minister has kept a total of Rs. 14.34 Lakh Crore for rural development and agriculture and has pledged to increase the minimum support cost for all crops to one and a half times. The most important point of budget is the announcement of health insurance of Rs. 5 Lakh annually to 10 million families of the country. It is being called the world's largest health insurance. This is an ambitious plan which is being said to be meet at least 50 million people. And this scheme is called Ayushman Bharat. In the Ujjwala plan to provide free LPG connection to 8 crore women this year. Under the Sobhagya scheme, electricity will be provided to 40 million households.

       The finance minister has taken care of Swachh Bharat Mission by providing six million new toilets across the country and the construction of 51 Lakh new home is also a welcome step. Provision of Rs. 10000 crore for the construction of infrastructure in education sector for planning and architecture of new school. The massive allocation for the nutrition of 24 medical college and TB patient is welcome measure of this budget.

      On the positive side, the Budget recognised India's learning crisis and proposed steps to enhance education standards. Another praiseworthy measure is the emphasis on health care. The Budget 2018 has focus on these issues and their solution about now these will implemented. Politically strong AMPC has been opposing the opening of agricultural markets. In an effort to expand health care through insurance, the district headquarters are providing to be ineffective in the absence of comfort. The issue of founding is also the issue of tough structures, which inhibit implementation. In the last decade, the expenditure of the central and state government increased from Rs. 2 Lakh to Rs. 9 Lakh but no result has been received.