Incentive for GST roll-out: Rs 9000 Cr earmarked for CST compensation to State Govts
Tax proposals to earn Rs 13300 Cr from direct taxes + Rs 4700 Cr from indirect taxes
Service Tax - Amnesty Scheme announced for voluntary filing of returns & payment of dues
Negative List: Two more services added; Service tax levied on air-conditioned restaurants
Excise duty on SUVs hiked to 30%; Duty on marble hiked; Mobile phones prices above Rs 2000 to attract 6% duty; to be brought under MRP Scheme
Customs Baggage Rules: Duty-free allowance hiked to Rs 50,000 for male pax; Rs 1 lakh female pax
Duty hiked on motor cycles above 800 CC
Import duty on raw silked hiked to 15%; 2% BCD and 2% CVD on all sorts of coals imposed
More incentive for AMRO Sector announced
Import duty on leather goods manufacturing equipments reduced
No change in peak rate of Customs, Central Excise and Service tax rates
New DTC bill to be tabled before end of Budget Session
Kolkata LTU to be inaugurated soon
Modified GAAR provisions incorporated in amendments to I-T Act; GAAR to come into force from April, 2016
CTT levied on non-agricultural commodities; to be non-speculative trading
Tax rate on royalty and FTS paid to non-residents hiked to 25%
1% TDS on transfer of immovable properties above Rs 50 lakh; Agri land exempted
Sec 80IA benefits allowed to power sector projects in next fiscal
Rs 1 lakh extra deduction allowed u/s 24 on housing loans
Domestic Cos to be subjected to surcharge on above Rs 10 Cr profits
Super-rich to be subjected to 10% surcharge on income above Rs 1 Crore
Tax exemption limit hiked to Rs 2.2 lakh; No change either in slabs or rates
FM announces setting up of Tax Review Commission
Fiscal deficit contained at 5.2% for current year; to be 4.8% for next fiscal; Revenue deficit to be 3.8%
Plan expenditure pegged at 533000 Cr; Non-Plan expenditure to be above Rs 11 lakh crore
Rs 1000 Cr earmarked for skill development among youths
'Nirbhaya' Fund with Rs 1000 Cr to be set up for women
National Institute of Sports Coaching to be set up at Patiala with Rs 200 Cr
Stock Markets to introduce dedicated debt exchange
FM proposes to follow new principle to categorise investment - below 10% investment to be treated as FII and more as FDI
SEBI to introduce uniform procedures for registration of various foreign investors
Govt to set up First Women Bank with Rs 1000 Cr; Bank to be inaugurated in 2013
Rs 14000 Cr capital infusion into public sector banks announced
Standing Committee of experts to look into recommendations of Panel on reforms for financial sector
Funds allocated to Apparel Parks; Rs 96 Cr earmarked for handloom weavers
Funds given to approved Technology Incubators to qualify as CSR activity
MSMEs to retain benefits for three years even if they move to higher catetgory
Oil & Gas Exploration - Govt to move from production sharing to revenue sharing
Two new industrial ports to be set up in West Bengal & TN
Inflation-indexed bonds and certificates to be introduced to protect savings from middle class
Rajiv Gandhi Savings Scheme liberalised; extended to Mutual Funds
FM announces investment allowance of 15% on investments of Rs 100 Cr and above during 2013-14
Tax-free bonds: More institutions to be allowed; Rs 50000 Cr to be raised in 2013-14
Rs 10000 Cr earmarked to implement schemes under Food Security Bill
National Livestock Mission to be launched; Funds allocated
22% hike in budget allocation for Agri Ministry announced
Rs 1600 Cr earmarked for medical education at AIIMS-like Hospitals
Rs 37300 Cr allocated to Ministry of Health - New Health Mission to be launched
Total Expenditure for 2012-13 revised - FM gets economic space by lowering it; 29% growth over revised expenditure proposed for 2013-14
India needs USD 75 bn to overcome CAD: FM
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