The Key Highlights Budget 2018 are

• FY19 divestment target at Rs 80,000 crore is lower than market expectation where estimates ranged from Rs 1 to Rs 1.5 lakh crore.
• Government to set up comprehensive gold policy and to revamp gold monetisation scheme.
• Fiscal Deficit at 3.5 percent of GDP at the higher end of expectation.
• GST revenue will be for 11 months in FY18 and hence there will be a shortfall.
• FY19 fiscal deficit at 3.3 percent is higher than market expectation of 3-3.2 percent.
• Bond markets have moved from 7.42 % at the start of the speech to to 7.46  %
•  Increase in buoyancy in tax collection from an average of 1.1 percent to nearly 2 percent.
• MSME corporate tax was reduced to 25 percent to turnover of up to Rs 250 crore and covers 99 percent of companies filling returns.
• Capital gains made on shares until Jan 31 will be grandfathered. Short term capital gains remains at 15%.
• The total amount of exempted capital gains has surged to nearly Rs 360,000 crore as of last years returns.