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12% excise duty imposed on branded retail garments
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Baggage allowance for people of Indian origin increased from Rs25,000 to Rs35,000 and for children to Rs15,000.
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5% customs duty exempted on equipment for fertilizer plants
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Customs duty on bicycles and parts increased.
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Advalorem duty on some cigarettes
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Automated shuttle looms exempted from customs duty
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Basic customs duty on cigarettes reduced; duty on hand-rolled beedis increased
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Branded silver jewellery fully exempt from excise duty
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Customs duty on import of parts of aircraft, tyres and testing equipment fully exempted
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Customs duty on refined gold doubled
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Customs duty on some gold and platinum products increased
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Customs duty on standard gold bar and coins exceeding 99.5% purity, platinum and non-standard gold raised
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Customs duty reduced from 7.5% to 2.5% for iron ore equipment
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Cuts customs duty on rail equipment to 7.5% from 10%
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Excise duty on handmade and semi-mechanised matches reduced from 10% to 6%
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Excise duty raised to 12% from 10%
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Full exemption from basic customs duty for equipment for road and highway construction
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Full exemption on customs duty on coal
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Import of aircraft parts exempt from basic customs duty
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Increased customs duty on gold and platinum to 4% from 2%
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LCD and LED panels exempted from custom duty
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Mobile phone parts exempted from basic customs duty
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No change in peak customs duty
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Standard excise duty hiked to 12%
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Thermal power companies exempted from customs duty for 2 years
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To raise duty on large cars to 27%
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Gold jewellery not bearing brand name to be included in the one percent levy on precious metal jewellery.
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Full exemption from basic customs duty on natural gas, LNG, uranium for generation of electricity for two years.
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Securities Transaction Tax (STT) reduced from 0.125 percent to 0.1 percent.
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Tax exemption of up to Rs5,000 for health insurance for annual preventive health checkup.
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Exemption from interest for saving bank accounts up to Rs10,000
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All services to be taxed except 17 items listed in the negative list.
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Income Tax deduction of 50% on investments of up to Rs50,000 in savings scheme named after Rajiv Gandhi.
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10000 crores allocated to NABARD to fund RRBs
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Agri credit target for FY12-13 at Rs5.75 lakh crore, up Rs1 lakh crore
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Agriculture credit target raised to Rs5.75 lakh crore
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Allocated Rs 25,555 cr for Right to Education in FY13; cuts interest rates on loans to women self help groups
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Allocation to National Rural Livelihood Mission for women increased by 34%
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Allocation under National Rural Health Mission raised to Rs20,822 crore from Rs18,115 crore
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Allow ECB for low cost housing projects
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Amendments to FRBM Act part of the budget
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Central subsidies to be under 2% of GDP
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Coal India advised to sign FSA with power plants
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Credit guarantee fund for loans to students
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Current account deficit to be at 3.6%; Expect current account defict to decrease next year
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Defence Budget hiked by more than 17%
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Direct Tax Code implementation deferred
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Economy to grow at 7.6% in 2012/13
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Efforts to arrive at broad-based consensus with state governments on allowing FDI in multi-brand retail up to 51%
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Expect average inflation to be lower next year; expect current account deficit to be lower next year
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FM announces new equity savings scheme
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Focus on removing infrastructure bottlenecks
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Food Security Act will be fully provided for and subsidy to be 2% per cent of GDP for next two years
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FY12-13 net market borrowing at Rs4.8 lakh crore
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GDP expected to grow at 6.9%
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GDP to grow by 7.6% in 2012-13; plus, minus 0.25%
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Government to raise Rs30,000 crore in 2012-13 from disinvestment of stake in PSUs
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Govt doubles allocation for tax-free bonds to Rs60,000 crore for financing infrastructure projects in 2012-13
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Govt to fully provide for food subsidy and food security act in 2012-13
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Gross tax receipts at 10.77 lakh crore
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Headline inflation to moderate further in next few months and remain stable thereafter
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High crude oil prices hit growth, averaged $115/bbl in 2011-12
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Installation of solar plants exempted from CVD
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Interest subsidy for women SHGs up to Rs3 lakh at 7%; 3% more for SHGs that repay promptly
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upto Rs.2 Lakh – NIL,
Rs.2Lakh to 5Lakh – 10%,
Rs.5Lakh to Rs.10Lakh – 20%,
Above Rs.10Lakh – 30%
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New Rajiv Gandhi Equity scheme to allow for 50% deduction to small investors
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No change in corporate tax rates
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Oil cess on domestic crude raised to Rs4,500 per ton from Rs2,500 per tonne
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Pilot project for direct transfer of subsidiary for kerosene has been initiated in Alwar, Rajasthan
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Propose central KYC depository
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Raises Income Tax exemption limit to Rs 2 lakhs from Rs 1.8 lakhs
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Rs 15890 crores for recapitalization of PSU banks
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Rs 18660 crores will result from service tax rise
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Rs 30,000 cr divestment target in FY 13
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Rs 50,000 tax exemption for retail investors
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Rs14,000 crore for rural drinking and sanitation in FY12-13
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School education exempt from service tax
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Securities Transaction Tax (STT) may be abolished
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Service tax up from 10% to 12%
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Service tax up from 10% to 12%; Rs18,660 crore will result from service tax rise
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Tables a white paper on black money issue
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Tax exemption on individual share investment below Rs10 lakh
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Tax free bonds of Rs10,000 cr for IRFC
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To address black money, corruption in public life
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To allocate Rs 14232 cr to UID project, up 13% in FY 13
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To allocate Rs14,232 crore for UID project, up 13% in FY12-13
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To allow qualified foreign investors in Indian corporate debt markets
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To enhance supply side; cut infra bottlenecks
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To introduce new law for micro finance institutions
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To introduce new Rajiv Gandhi equity scheme
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To move national housing amendment bill
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To roll out computerized scheme for fertilizer subsidy transfer
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