* Mobile phones to be costlier * LCD, Footwear, set-top boxes to be cheaper * Tax holiday extended for production of natural gas * Custom duty on set-top boxes at 5% * Political funding to get 100% tax deduction * Tax holiday for exporters extended to 2011 * Personal tax exemptions up to 1.6 lakh * National Pension Scheme exempted from STT * MAT tax credit extended from 7 to 10 years * Minimum alternate tax increased to 15% of book profits * Commodity Transaction Tax abolished * 10% surcharge on personal tax removed * Fringe benefit tax scrapped * IT exemption for women up by Rs.10,000 * IT exemption for senior citizens up by Rs.15,000 * No change in corporate tax * New Direct Tax Code in 45 days * Share of direct taxes increased to 56% * To introduce GST by April 1, 2010 * GST will be dual in nature * Centralised tax processing centre at Bangalore * Tax distortions to be eliminated * Plan expenditure raised by 34% * Govt to spend Rs. 1.42lakh cr for Defence * Total expenditure crosses Rs. 10 lakh cr * Rs. 120cr allocated for unique id projects * 46 lakh BPL families under rural insurance plan * Rs.50cr allocation for Punjab University * Hike in allocation for minority ministry * Interest subsidy for home loans upto Rs. 1 lakh * Rs. 2113 cr for IITs, NITs * One central university in each uncovered state
* More IITs on cards * Hike in allocation for Commonwealth Games * Pension of non-commissioned officers hiked * One rank one pension for ex-servicemen * Sensex nosedives 220 points * Biometric smart cards in 12 to 18 months * Employment exchanges to be modernised * Female literacy to be doubled in three years * Rs.350cr allocation for BPL families * National literacy mission for women to be launched * Full interest subsidy for education loans * Govt to move food security bill soon * Indira Awaaz Yojana outlay raised by 63% * Food security to provide rice and wheat at Rs.3 per Kg for poor * Banks, Insurance companies outside divestment plan * NREGA allocation up at Rs.39, 100cr in 09 * PSUs to remain under Govt control * To hike public ownership of all listed companies * One banking centre in every block in next three years * Fertiliser subsidy to reach farmers directly * Stimulus package to print media extended to Dec 31 * Expert committee on petroleum products to be set up * More funds SIDBI for SMEs * Work on Saral II form to be taken * Farmer loan waiver period extended by 6 months * Allocation for schemes for the urban poor to be raised to Rs.39,730 crore in 2009-10 * Local production of natural gas to double * Interest subvention to exporters extended to March 2010 * 75% hike for accelerated irrigation * Agricultural credit target: Rs. 3.25 lakh cr * Allocation to Railways up from Rs. 10,800 cr to Rs. 15,800cr * Additional Budget allocation to farmers * Hike in allocation for Mumbai flood management * Blueprint for national gas grid * Housing allocation hiked under Rajiv Awaaz Yojana * 87% hike to urban renewal mission * NHAI allocation up by 23% * Government successful in attracting private investment * IIFCL to be given greater flexibility. * Increase investments in infrastructure to 9% of GDP by 2010 * Signs of revival in domestic industry * Achieved growth of 6.7% * Move towards energy security via Integrated Energy Act * Foreign capital inflow must increase * Focus to sustain momentum in exports * Lead economy to 9% B.KARTHICK Research Analyst --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
