India's 'Modicare' to cost about $1.7 billion a year

India's 'Modicare' to cost about $1.7 billion a year

India's 'Modicare' to cost about $1.7 billion a year

It is easier but more relevant to connect small villages and towns in India on Internet rather than roads.

"To enhance accessibility of quality medical education and health care, 24 new Government Medical Colleges and Hospitals will be set up, by up-grading existing district hospitals in the country", said Jaitley.

As for the middle class, Jaitley suggested that there is enough for it in this budget too.

News Today tries to breakdown the highlights of the Budget presented on Thursday, by talking to economists, stakeholders and the public.

Watch the full interview of the finance minister at 10 am on Monday.

Globally, other Asian markets too ended lower and European shares were in the negative zone in their early session following deep losses on Wall Street last week after a strong USA jobs report and rising Treasury yields fanned fears of interest rate hike quicker than thought.

The ruling Bharatiya Janata Party announced the healthcare system in its budget statement in a move that has been interpreted as a means of securing the rural vote in elections that Mr Modi can call at any time between this autumn and summer next year.

"I think very clearly given the Gujarat results, this is a reachout to the poor and economically underprivileged".

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"This government has brought about a lot of changes for the betterment of this country", said Jaitley.

"It is a course correction but the question many are asking is - is it a delayed course correction?" "But it will become part of the campaign rhetoric in the coming months". "These have to be complemented by measures outside the Budget, such as support from states".

Special schemes for States around Delhi will be implemented to address air pollution.

The RSS-affiliated Swadeshi Jagran Manch (SJM) has cautioned the government against engaging foreign insurance companies for providing health cover to the poor under a flagship programme announced in the Union budget. Jaitley's Chief Economic Adviser Arvind Subramanian, who released a comprehensive Economic Survey for 2017-18 earlier in the week, said on television that agriculture would have to grow by 12.5% annually if Modi's pledge to double farm incomes is to be achieved.

"There is nothing to indicate that farmers real income will rise".

There has been a long-time demand for loan waiver of farmers, which was due to the continuous drought and disasters in States like Tamilnadu.

There are no prizes for guessing why the BJP government had to do something big for farmers. In 1985, on a visit to drought-affected Kalahandi in Odisha, the late Rajiv Gandhi said that of every rupee spent by the government, only 15 paise reached the intended recipient.

"This is actually an election Budget".

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