Infra development, clearing backlog of defence purchases to be priorities for future: FM Arun Jaitley


Finance Minister Arun Jaitley said Friday the government’s priority for
the future would be infrastructure development and clearing backlog of
defence procurement, among others.

Development of rural India
and improvement of healthcare and education would be the other priority
areas, he said at the Hindu Business Line award function here.

future may be four priorities– rural India, backlog of defence
procurement, healthcare and education and of course infrastructure,” he

foresee a better quality of life in urban slums, rural India and the
policies must be aimed at allowing these people to aspire and get into
at least neo middle class. Two areas where we seriously need to
concentrate is healthcare and education,” he said.

There are
some areas which are growing and some require support from the
government for improving capacity like rural sector, he said, adding
higher resources would help the government to spend more on
infrastructure development.

The effort of the government has
been to maximise resources with lowering of the tax rate by following
the theory of lower taxation higher compliance, he said.

In the
last five years, there has not been a single incidence of increase in
tax rate and rates in both direct and indirect taxes have been lowered,
he said.

Talking about Ayushman Bharat programme, he said 16
lakh people have benefited from this cashless insurance scheme of the
government in the first four months of its launch.

With this scheme suddenly 78 per cent of the population came under the health insurance cover, he said.

ambitious scheme launched in September 2018 aims at providing coverage
of Rs 5 lakh per family annually, benefiting more than 10 crore poor

Eligible people can avail the benefits in the government and listed private hospitals.

scheme targets poor deprived rural families and identified occupational
category of urban workers’ families, 8.03 crore in rural and 2.33 crore
in urban areas, as per the latest Socio-Economic Caste Census (SECC)
data. It has provided cover of around 50 crore people.

 economictimes Infra development, clearing backlog of defence purchases to be priorities for future: FM Arun Jaitley


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