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Direct tax: Upto Rs 1 lakh nil; Rs 1-1.5 lakh 10 pc; 1.5-2.5 lakh 20 pc; above 2.5 lakh 30 pc
Exemption for women upto 1.25 lakh; for senior citizens 1.50 lakh
Standard deduction removed
More taxes on perks
Tax relief for consolidated savings upto 1 lakh
No change in corporate tax for foreign companies
Corporate tax to be 30 pc; surcharge 10 pc
Depreciation on plant and machinery to be 15 pc
STT to be increased to 0.02 pc from 0.015 pc for day traders
Cash withdrawals above Rs 10,000 on a single day to be taxed 0.1 pc
New services brought under tax net
Cutoms duty: Peak rate of non-agro products cut from 20 to 15 pc
-On textiles cut to 10 pc
-Duty for capital goods reduced
-Duty on footwear machinary cut to 10 pc
-Duty for coking coal cut to 10 pc
-For refrigerated van from 20 pc to 10 pc
-Software exempted from Countervailing duty
Excise duty:
Cigarette and tobacco products to be costlier
Cement to be cheaper
Handmade matches removed from excise duty
To abolish Re 1 per kg cess on tea
No changes in retail prices of petrol and diesel
Excise on PFY, ACs reduced to 16 pc
No stamp duty for corporatisation of stock exchange
Defence allocation increased by 83,000 cr
70 lakh extra jobs in IT in 2009
FIIs to give collateral on derivatives trade
30 textile items to be dereserved
New Banking Bill to be introduced
Banking cos allowed to issue pref shares
Subsidy for agriculture at Rs 16,254 cr
Capital subsidy allocation for SSIs upto 173 cr
Drop in interest rate for sugar industry
Insurance schemes covering 2 lakh weavers
Rs 5500 cr for urban renewal mission
SMEs in pharma, IT to get equity support
Companies can renogotiate their debt
Forex to be used for infrastructure projects
Rs 450 cr for highway development in North East
FDI in mining, trade and pension to be liberalised
Trade policy to be further liberalised
VAT: Entire manufacturing and distribution line to be covered soon
To remove cap/floor for SLR for banks
IRDA's micro insurance plan to be supported
Micro finace institutes to be promoted
PSE focus: Rs 14,040 cr equity support and 3554 cr as loans for PSEs
Massive tea re-plantation plan
10 pc capital subsidy scheme for textile processing sector
Rs 400 cr for micro irrigation
Rs 14, 279 cr allocation for J&K
60 lakh additional houses for rural poor
Electricity to 1.25 lakh villages
Telephone connectivity to 66,822 villages
Loans for rural areas to increase by 30 pc
Services sector to get stable tax policy
New backward regions grant fund to get Rs 5,000 cr
Rural infrastructure fund to get Rs 8,000 cr
Increase in drinking water supply projects
National rural health mission to start in FY'06
Schemes for SC/STs; Rs 6,253 cr allocated
Greater credit flow to urban poor
CMP mandated growth rate to be 7-8 pc
Gross budgetary support up 16.9 pc
Central assistance for teaching Urdu
Special schemes for Bihar
Mid-day meal allocation up at Rs 3,010 cr
ICDS allocation up 47 pc
Rs 630 cr outlay for sanitation
Allocation for health and family welfare 10,280 cr
Special schemes for SC/ST students
Food for work programme in 250 districts
Health allocation to increase to 10,280 cr
Crude oil duty
Education allocation 18,337 cr
Subsidy for rural development 18,334 cr
Plan expenditure to be raised by 25.6 pc
Investment buoyant in FY' 06
Growth estimated at 6.9 pc
10,216 cr for tsunami relief and rehabilitation
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