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Recent
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MY LIFE (After
the Navy)
IN A CONCH SHELL
William
(Biff) Hawke
Obtain a Copy |
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0.15% securities turnover tax comes into play
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No change in tax slabs; income up to Rs 1 lakh exempted
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Service tax hiked from 8% to 10%
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Big push to farm credit, crop diversification
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No change in interest rates on small savings
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No excise on handlooms, powerlooms; peak customs duty stays at 20%
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FDI in telecom hiked to 74%; insurance 49%; civil aviation 49%
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2% education cess on all taxes to fetch Rs 1000- 3000
crores
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No excise duty on tractors, computers
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Long-term CG tax goes
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Auto R&D to get 150% tax exemption
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Banks & FIs to pool Rs 40,000 crore for funding infrastructure projects
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Rs 30,000 crore to be spent every year on water projects
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