March 28, 2007

Highlight of changes

 

*       PAN must for all market transactions

*       Dredgers to be exempt from import duty

*       Duty on Drip Irrigation, Agricultural Sprinklers and Food processing machinery from 7.5% to 5%

*       Duty on pet foods down from 30 to 20%

*       Ad-valorem component on petrol and diesel down from 8% to 6%

*       Threshold of tax-free income hiked by Rs 10,000

*       Women assesses threshold hiked to Rs 1,45,000

*       5 year tax holiday for 2,3 and 4 star hotels for Commonwealth Games in NCR Region

*       MAT to be extended

*       Direct Taxes: Dividend Distribution Tax to go up to 15%

*       Fringe Benefit Tax to be extended to ESOPS

*       Additional 1% CESS on all taxes for secondary education

*       PAN must for all market transactions

*       969cr for AIDS control

*       Govt. to acquire RBI stake in SBI

*       Govt confident on managing inflation

*       Double allocation on education

*       11th plan to focus on faster growth rate

*       Govt committed to special panel set up for commodities mkt

*       Agriculture to be top on the agenda of UPA govt

*       New scholarship for 8th std students to arrest dropouts

*       Health allocation up

*       School education allocation up

*       Farm credit growth satisfactory

*       Savings rate estimated at 32.4 pc

*       ICDS allocation hiked

*       News scholarship scheme

*       5 lakh more classrooms

*       No forward contract in wheat, rice futures

*       Rs 4,000 cr for rural roads

*       Health spending to be hiked 22%

*       Allocation to health hiked by 21.9% to Rs 15291cr

*       PDS prices retained

*       Average inflation seen between 5.2%-5.4%

*       XI Plan target of 4% Growth in agri sector

*       FM: Confident we can moderate present inflationary trend

*       Inflation will be curbed: FM

*       OMCs expect tax sops in the Budget

*       Govt feels inflation heat

*       FM may apply brakes on tax breaks

*       Tourism Ministry awaits sops from the budget

*       Population growth to slow down

*       Employment growth decline reversed

*       Industry logs impressive growth

*       Mkt Cap/GDP ratio at 91.5%

*       Task - Growth without high inflation

*       No short-cuts to check inflation

*       Slow progress on social front

*       Plan to start 3 storey container trains

*       Freight rates on diesel, petrol cut five per cent

*       800 new wagons to be introduced

*       500 kms of new rail lane envisaged

*       Women & senior citizens to get priority lower birth

*       Separate coaches for vendors

*       Railways to setup call centres

*       Tickets to be sold at petrol pumps, ATM centres

*       6,000 automatic ticket vending machines in 2 years

*       50% concession for UPSC examinees

*       CCTVs in sensitive stations

*       More Suburban train services for Mumbai

*       Cushioned seats in unreserved compartments

*       TTEs to be provided palm tops

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