-
Banking cash
transaction tax withdrawn from April 1, 2009
-
Indirect tax
proposals to result in loss of Rs 5,000 cr
-
Direct tax proposals
to be revenue neutral
-
No change in
rate of surcharge.
-
Dividend of subsidiary
company will be exempt from DDT
-
Reduce central
sales tax to 2%
-
Increase in short
term capital gains tax to 15%
-
5-yr tax holiday
for setting up hospitals in tier-II, tier III regions
-
Excise duty of
Rs 1.35/litre on unbranded petrol
-
Excise duty of
Rs 4.6/litre on unbranded diesel
-
Commodities Transactions
Tax to be introduced
-
Securities Transaction
Tax to be treated like deductible expenditure
-
5-yr tax holiday
to 2,3,4-star hotels in UNESCO's heritage sites
-
NO FBT on creche,
employee sports, guest houses facilities
-
No change in
corporate income tax rate
-
No change in
corporate surcharge tax
-
Duty on two wheelers
reduced from 16 to 12 pc
-
Every income
tax assessees to get relief of minimum of Rs 4,000.
-
Tax slab for
Rs 3-5 lakh is 20%, above 5 lakhs 30%
-
Senior citizens'
exemption hiked from Rs 1,95,000 to 2,25,000
-
Women exemption
threshold hiked from Rs 1,45,000 to 1,80,000
-
Tax exemption
hiked from Rs 1,10,000 to Rs 1,50,000
-
Duty on non filter
cigarettes to be raised
-
Excise duty slashed
to 8% on water purification items
-
Duty withdrawn
on naptha for production of polymers
-
Refigeration
components to become cheaper
-
Reduce excise
duties on anti-AIDS drugs
-
Tax-GDP ratio
up at 12.5%
-
Excise on paper
and paper products reduced
-
Excise duties
on buses, chassis slashed
-
Excise on small
cars to 14%
-
Excise on pharma
goods slashed to 14%
-
General CENVAT
rate on all goods from 16% to 14%
-
Customs duty
on few bulk drugs cut to 5%
-
Customs duties
on crude sulphur reduced to 2%
-
Exempt on duties
on coral
-
Duties on convergence
products slashed to 5%
-
Fully exempt
duties on Set top boxes
-
Reduce duties
on steel melting scrap, aluminum scrap
-
No change in
peak rate of customs duties
-
Revenue Deficit
will be 1.4 % agt Budget Estimate of 1.5%
-
Planning Commission
to evaluate major schemes
-
Sixth central
pay commission to submit report by March 31, 2008
-
Grant of Rs 50
cr to Natl Tiger Conservation Authority
-
Rs 75 cr to ICCR
for cultural development
-
Defence allocation
hiked by 10% to Rs 1,05,600 cr
-
Rs 32,676 crore
as subsidy to PDS
-
Smart-card based
PDS system in Haryana, Chandigarh
-
Allocation of
Rs 44 cr to 22 Sainik schools each
-
Rs 75 cr to Agri
Ministry for soil testing labs in 250 districts
-
Rs 15,000 cr
for non-profit body for skilled dev programme
-
Launch a world-class
skilled development programme
-
PAN requirement
for all securities transactions
-
To start a forex
derivative market
-
More transparency
in the derivative market
-
Risk Capital
Fund to be set up in SIDBI
-
National Highway
Dev programme gets Rs 12,966 cr
-
Accelerated power
development programmes to get Rs 8,000 cr
-
Ultra mega power
project at Tilana shortly
-
Rs 12,956 Cr
for NHDP
-
Banks to be encouraged
to embrace total financial inclusion
-
Foreign invt
up to $8 bn expected for oil block exploration
-
Coal regulator
to be set up
-
17 lakh families
of weavers under Health Insurance
-
State data centres
scheme approved and get Rs 275 cr
-
1 lakh broadband-enabled
common service centres in villages
-
Enhance allocation
of NHDP programme
-
Rs 800 cr for
power reforms
-
Manufacturing
growth rate to be taken to double digit
-
RIDF corpus to
be hiked to Rs 14,000 cr
-
Total estimate
of loans being waived is Rs 50,000 cr
