What was announced in the Budget? Where is the NHS money coming from? What do we know about where the NHS money will be spent? Is this the budget that ends PFI? What's next? Related content. Long read The NHS year plan: how should the extra funding be spent? The government has announced increases in NHS funding and has asked the NHS to come up with a year plan for how this funding will be used.
After eight years of austerity, there is now an opportunity to tackle the issues that matter most to patients and communities and to improve health and care. Add your comment Your name. Email your email will not be made public. Post comment. You may also be interested in. Blog The Autumn Budget and Spending Review what was announced and what does it mean for health and care spending?
Budget Financial Statement Download. Budget Tax Policy Changes Download. Budget - Economic and Fiscal Outlook Download. Economic Developments and Outlook for Ireland Download. Budget Leaflet Download. Budget Draft Budgetary Plan Download. Expenditure Report Achoimre ar Bhearta Caiteachais Nua Download. Overview of Budget Infographic Download. Related Documents. Economic and Fiscal Outlook Charts Download. Infrastructure is the growth driver of economy. Our country needs massive investments estimated to be in excess of Rs50 lakh crore in infrastructure to increase growth of GDP, connect and integrate the nation with a network of roads, airports, railways, ports and inland waterways and to provide good quality services to our people.
We have made an all-time high allocation to rail and road sectors. We are committed to further enhance public investment. Provision of key linkages like coal for power, power for railways and railway rakes for coal have been rationalized and made very efficient. Prime Minister personally reviews the targets and achievements in infrastructure sectors on a regular basis. Rohtang tunnel has been completed to provide all weather connectivity to the Ladakh region.
Contract for construction of Zozila Pass tunnel of more than 14 kilometer is progressing well. I now propose to take up construction of tunnel under Sela Pass.
For promoting tourism and emergency medical care, Government will make necessary framework for encouraging investment in sea plane activities. Urbanization is our opportunity and priority. Smart Cities Mission aims at building Smart Cities with state-of-the-art amenities.
I am happy to inform that 99 Cities have been selected with an outlay of Rs2. Projects worth Rs2, crore have been completed and works of Rs20, crore are under progress. India is blessed with an abundance of tourist attractions. It is proposed to develop ten prominent tourist sites into Iconic Tourism destinations by following a holistic approach involving infrastructure and skill development, development of technology, attracting private investment, branding and marketing.
In addition, tourist amenities at Adarsh monuments of the Archaeological Survey of India will be upgraded to enhance visitor experience. State level plans of Rs77, crore for cities have been approved. Water supply contracts for projects worth Rs19, crore and sewerage work contract for projects costing Rs12, crore has been awarded. Reforms are being catalyzed by these missions.
My Ministry will leverage the India Infrastructure Finance Corporation Limited IIFCL to help finance major infrastructure projects, including investments in educational and health infrastructure, on strategic and larger societal benefit considerations. Our Government has scaled new heights in development of Road Infrastructure sector. We are confident to complete National Highways exceeding kilometers length during Ambitious Bharatmala Pariyojana has been approved for providing seamless connectivity of interior and backward areas and borders of the country to develop about kms in Phase-I at an estimated cost of Rs5,35, crore.
A large part of the Capex is devoted to capacity creation. There has also been significant improvement in the achievement of physical targets by Railways as well. We are moving fast towards optimal electrification of railway network.
Work on Eastern and Western dedicated Freight Corridors is in full swing. Adequate number of rolling stock — wagons, coaches and approximately locomotives are being procured during A major programme has been initiated to strengthen infrastructure at the Goods sheds and fast track commissioning of private sidings.
Maintenance of track infrastructure is being given special attention. Over kms of track renewal is targeted during the current fiscal. A decision has been taken to eliminate unmanned level crossings in the broad gauge network in the next two years. Redevelopment of major railway stations is being taken up by Indian Railway Station Development Co. All stations with more than footfalls will have escalators.
All railway stations and trains will be progressively provided with wi-fi. CCTVs will be provided at all stations and on trains to enhance security of passengers. Modern train-sets with state-of-the-art amenities and features are being designed at Integrated Coach Factory, Perambur.
First such train-set will be commissioned during A suburban network of approximately kilometers at an estimated cost of Rs17, crore is being planned to cater to the growth of the Bengaluru metropolis. An Institute is coming up at Vadodara to train manpower required for high speed rail projects. Regional connectivity scheme of UDAN Ude Desh ka Aam Nagrik initiated by the Government last year shall connect 56 unserved airports and 31 unserved helipads across the country.
Operations have already started at 16 such airports. We propose to expand our airport capacity more than five times to handle a billion trips a year under a new initiative - NABH Nirman. Balance sheet of AAI shall be leveraged to raise more resources for funding this expansion. Our efforts to set up a Coalition on Disaster Resilient Infrastructure for developing international good practices, appropriate standards and regulatory mechanism for resilient infrastructure development are moving well.
I propose to allocate 60 crores to kick start this initiative in In the current year, we included, in the scope of harmonized list of infrastructure, ropeways to promote tourism, logistics parks and expanded the scope of railways infrastructure to include development of commercial land around railway stations.
Reserve Bank of India has issued guidelines to nudge Corporates access bond market. SEBI will also consider mandating, beginning with large Corporates, to meet about one-fourth of their financing needs from the bond market.
The government and concerned regulators will take necessary action. We will take reform measures with respect to stamp duty regime on financial securities transactions in consultation with the States and make necessary amendments the Indian Stamp Act. International Financial Service Centre IFSC at Gift City, which has become operational, needs a coherent and integrated regulatory framework to fully develop and to compete with other offshore financial centres.
Global economy is transforming into a digital economy thanks to development of cutting edge technologies in digital space — machine learning, artificial intelligence, internet of things, 3D printing and the like. NITI Aayog will initiate a national program to direct our efforts in the area of artificial intelligence, including research and development of its applications.
Combining cyber and physical systems have great potential to transform not only innovation ecosystem but also our economies and the way we live.
I have doubled the allocation on Digital India programme to crore in Task of connecting one lakh gram panchayat through high speed optical fiber network has been completed under phase I of the Bharatnet project. This has enabled broadband access to over 20 crore rural Indians in about two lakh fifty thousand villages. The Government also proposes to setup five lakh wi-fi hotspots which will provide broadband access to five crore rural citizens.
I have provided crore in for creation and augmentation of Telecom infrastructure. Distributed ledger system or the block chain technology allows organization of any chain of records or transactions without the need of intermediaries.
The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore use of block chain technology proactively for ushering in digital economy. The system of toll payments physically by cash at road toll plazas is being fast replaced with Fastags and other electronic payment systems to make road travel seamless.
Number of Fastags has gone up from about 60, in December, to more than 10 lakh now. Details are in Annexure III. Our armed forces have played a stellar role in meeting the challenges we have been facing on our borders as well as in managing the internal security environment both in Jammu and Kashmir and the North East.
I would like to place on record our appreciation for the efforts and the sacrifices made by the three services in defending the interests of the Nation. Ever since the NDA Government has assumed office in , lot of emphasis has been given to modernizing and enhancing the operational capability of the Defence Forces. A number of initiatives have been taken to develop and nurture intrinsic defence production capability to make the Nation self-reliant for meeting our defence needs.
Ensuring adequate budgetary support will be our priority. We have opened up private investment in defence production including liberalizing foreign direct investment. We will take measures to develop two defence industrial production corridors in the country. The Government will also bring out an industry friendly Defence Production Policy to promote domestic production by public sector, private sector and MSMEs.
Aadhar has provided an identity to every Indian. Aadhar has eased delivery of so many public services to our people. Every enterprise, major or small, also needs a unique ID.
To carry the business reforms for ease of doing business deeper and in every State of India, the Government of India has identified specific business reform actions.
All States have taken up these reforms and simplifications in a mission mode constructively competing with each other. Evaluation of performance under this Programme will now be based on user feedback.
Capital of the Food Corporation of India will be restructured to enhance equity and to raise long-term debt for meeting its standing working capital requirement.
Department of Commerce will be developing a National Logistics Portal as a single window online market place to link all stakeholders. The Government has approved listing of 14 CPSEs, including two insurance companies, on the stock exchanges.
This includes strategic privatization of Air India. Three public sector general insurance companies National Insurance Company Ltd. The Government introduced Exchange Traded Fund Bharat to raise 14, crore, which was over-subscribed in all segments. I am happy to inform the House that we have already exceeded the budget estimates.
I am assuming receipts of 1,00, crore in I am setting the disinvestment target of 80, crore for Bank recapitalization program has been launched with bonds of 80, crore being issued this year. This recapitalization will pave the way for the public sector banks to lend additional credit of 5 lakh crore. It is proposed to allow strong Regional Rural Banks to raise capital from the market to enable them increase their credit to rural economy. Securities and Exchange Board of India, Act , Securities Contracts Regulation Act , and Depositories Act , are being amended to streamline adjudication procedures and to provide for penalties for certain infractions.
These proposals are in the Finance Bill. For easier access, links to all Detailed Demand for Grants will be provided at india. The Government will also consider feasibility of providing disclosed fiscal information in a machine readable form.
The Government is transforming method of disposal of its business by introduction of e-office and other e-governance initiatives in central Ministries and Departments. These initiatives are listed in Annexure IV. The Government will formulate a comprehensive Gold Policy to develop gold as an asset class. The Government will also establish a system of consumer friendly and trade efficient system of regulated gold exchanges in the country.
Gold Monetization Scheme will be revamped to enable people to open a hassle-free Gold Deposit Account. The Government will review existing guidelines and processes and bring out a coherent and integrated Outward Direct Investment ODI policy. Hybrid instruments are suitable for attracting foreign investments in several niche areas, especially for the startups and venture capital firms.
The Government will evolve a separate policy for the hybrid instruments. The emoluments of the President, the Vice President and the Governors were last revised with effect from 1st January, These emoluments are proposed to be revised to Rs5 lakh for the President, Rs4 lakhs for the Vice President and to Rs3.
There has been a public debate with regard to the emoluments paid to the Members of Parliament. Hide this message. Home Business and industry UK economy. News story Budget date confirmed. Government will publish its next Budget on Monday 29 October Share this page Share on Facebook Share on Twitter. Related content Spring Statement Written Ministerial Statement Check the status of tax policy consultations Direct effects of illustrative tax changes Autumn Budget Philip Hammond's speech The Oxford-Cambridge Arc: government ambition and joint declaration between government and local partners.
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