ü Iodised salt, match-boxes,
soya products to become cheaper
ü Increase customs duty on
imported cars to 75%
ü Raises custom duty on import
on large SUVS
ü Increase excise duty on some
Cigarettes
ü Customs duty on gold bar
coins raised to 4%
ü Customs duty on platinum
raised
ü Customs duty on gold raised
ü Some infra services exempted
from service tax
ü Tax exemption of up to Rs
5,000 for health insurance towards annual preventive check up
ü Basic customs duty on
bicycles raised to 30%
ü Exempts LCD LED panels from
customs duty
ü Iron ore machinery part duty
cut to 2.5%
ü Airline parts exempted from
basic custom duty
ü Rs 15,890 crore for
recapitalisation of PSU banks
ü Coal LNG exempt from customs
duty
ü Exemption of customs duty of
5% on equipment for fertilizer plants
ü To keep peak custom rate
unchanged
ü To raise duty on large cars
27 pc duty
ü Excise duty hiked to 12 pc
from 10 pc
ü Service tax raised to 12 pc
from 10 pc
ü FY13 market borrowing at Rs
4.79 lakh cr.
ü Introduction of compulsory
reporting requirement of assets held abroad
ü To exempt some movie services
from service tax
ü Govt services, education,
entertainment, public transport exempted from service tax
ü School education exempted
from service tax
ü FM says information on black
money stashed abroad has started flowing in and prosecution to be executed in
some cases
ü Removes restriction on
venture capital investment
ü No change in corporate tax
ü Income above 10 lakh will
have 30% income tax
ü Income from 5 to 10 lakh will
have 20% income tax
ü Income Tax at 10 percent for
Rs 2-5 lakh
ü Tax exemption limit up to 2
lakh
ü Introduce new law for micro
finance institutions
ü FY12 fiscal deficit at 5.9%
and FY13 fiscal deficit at 5.1%
ü 7 medical colleges to be
upgraded to All India Institutes
ü FY13 non plan expenditure at
9.7 lakh crores
ü Non-tax revenue receipts
estimated at Rs 1.64 lakh crores
ü Additional 3 per cent
interest subvention to farmers for promptly repaying their due
ü Rs 25,555 cr for Right to
Education in FY13
ü Rs 193107cr in FY13 for
defense
ü Rs 1000 crores for National
Skill Development Fund in FY13
ü Rs 15,850 crore to be
allocated to Integrated Child Development Scheme in 2012-13
ü Pranab says the Nandan
Nilekani panel recommendation on direct transfer of subsidy accepted
ü NRHM allocation increased to
Rs 20,820 cr.
ü FM announces new equity savings
scheme
ü Rs 14000 crore for rural
drinking and sanitation in FY 13
ü Rs 242 crore project with
World Bank assistance to improve dairy production.
ü Credit guarantee fund for
education loans
ü National mission for food
processing
ü 6,000 schools proposed to be
set up in 12th year plan
ü 1 percent loan subsidy on
home loans up to Rs 15 lakh
ü New PDS for food security
ü Allocate Rs 14232 cr to UID
project
ü Set up state-run irrigation
facility
ü Remove infrastructure
bottleneck: FM
ü Budget commits to multi-brand
FDI
ü Tax free-infra bond for Rs
60,000
ü Allow ECB funding to finance
working capital needs of airlines for 1 year
ü Rs 30,000 crore to be raised
through disinvestment
ü To make 8,800 km of highways
in FY13; outlay raised
ü Irrigation, dams eligible for
a special fund
ü Tax exemption on individual
share investment below Rs 10 lakhs
ü Become self sufficient in
urea production in next 5 years
ü Some subsidies inevitable,
says Pranab
ü FM promises tax incentive for
new investors
ü Considering FDI in airlines
ü Infrastructure debt fund launched
ü Sensex trading 180 points
higher
ü Food subsidy will be fully
provided for in the Budget
ü Consortium for direct lending
approved
ü Implement direct tax code the
earliest
ü Focus on removing
infrastructure bottlenecks
ü Direct cash subsity to LPG,
Kerosene
ü Signs of turnaround in
economy in March
ü Address malnutrition
decisively
ü Bring down subsidy to 1.7
percent of GDP in the next 3 years
ü Economy to grow at 7.6
percent in 2012/13
ü Direct subsidy to retailers,
farmers
ü Address the problem of black
money; FM expects inflation will come down; Have to accelerate pace of reforms
ü Need to improve supply side
in economy says FM
ü Performance this year was
disappointing but as compared to peers India was better says FM
ü Weak industrial growth has
held us back says Pranab
ü Pranab Starts the budget
presentation. He syas for Indian economy it has been a year of recovery
interrupted.
ü DMK MPs not attending
Parliament for the Budget
ü Can Pranab Mukherjee take the
initiative to halt the deteriorating economic growth? Can he make this a significant
budget?
ü Rupee strengthens before
budget
ü Oil & Gas: expect status
quo to be maintained on customs and excise duties in the oil & gas sector
in the light of the sustained high losses on sales of subsidized petroleum
products at current retail selling price.
ü Nominal GDP growth of 14 to
14.5 percent is likely to be used for the budget arithmetic
ü In the fertilizer and
chemical sector, there is an expectation that the customs duty on various
inputs like LNG, Naphtha, Alcohol, Propylene etc will be removed from current
rate of 5 percent.
ü In the automobile sector, the
expectation is that there will be an increase in excise duty across segments
and also there is possibility of additional tax on diesel vehicles.
Posts
0 comments:
Post a Comment