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
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
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
School education allocation up
Farm credit growth satisfactory
Savings rate estimated at 32.4 pc
No forward contract in wheat, rice futures
Health spending to be hiked 22%
Allocation to health hiked by 21.9% to Rs 15291cr
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
OMCs expect tax sops in the Budget
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
Task - Growth without high inflation
No short-cuts to check inflation
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
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
More Suburban train services for Mumbai
















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