Health and education cess to be increased from 3% to 4%

While presenting the Union Budget 2018, Finance Minister Arun Jaitley announced that health and education cess will be increased from 3% to 4%. Meanwhile, he also announced the world's largest government-funded healthcare programme with ₹5 lakh annual cover per family for 10 crore poor families and the construction of 1.5 lakh new healthcare centres.