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Cc: fate <fate_N_fortune

Friday, 29 February, 2008 1:53:40 PM

budget

 

Budget Flashes

 

13:10 FY09 fertiliser subsidy pegged at Rs 31,000 cr

12:49 Direct tax proposals revenue neutral

12:48 Central Sales Tax cut to 2% from 3%

12:48 Banking cash transaction tax withdrawn

12:47 Securities Transaction Tax (STT) rates unchanged

12:46 DDT unchanged at 15%

12:46 Govt to introduce commodities transaction tax, like STT

12:46 Levy of STT only on option premiums

12:45 Short-term cap gains hiked to 15%

12:44 Production of seeds added to VAT list

12:44 5-year tax holiday for setting up hospitals in non-urban cities

12:43 10% income tax for income in the range of Rs 1.5-3 lakh

12:42 30% Income Tax For Income above Rs 5 Lakh

12:40 No change in corporate tax

12:40 Personal income tax exemption slab for women at Rs 1.8 lakh

12:39 Personal income tax exemption slab at Rs 1.5 lakh

12:37 Filter, non-filter cigarettes to be taxed at par

12:37 Excise duty on bulk cement at Rs 400/tonne

12:36 Exise cut on all pharma goods at 8% vs 16%

12:35 Excise duty on some paper types cut to 10% from 12%

12:35 Excise duty on some paper types cut to 10% from 12%

12:35 Excise duty on hybrid cars cut from 24% to 14%

12:34 Excise duty on 2-wheeler, small cars cut from 16% to 12%

12:34 Customs duty on crude/unrefined sulphur cut to 2% vs 5%

12:33 Excise duty on buses & chassis cut from 16% to 12%

12:33 Customs exempt to continue only for naptha for fertilisers

12:33 CENVAT reduced from 16% to 14% on all goods

12:32 Customs on steel melting, aluminium melting cut to 0% vs 5%

12:31 Customs duty on phosphoric acid cut to 5% vs 7.5%

12:31 Few IT, hardware components exempted from customs duty

12:30 Customs duty on few bulk drugs cut to 5% vs 10%

12:29 Customs duty on project imports cut to 5% vs 7.5%

12:29 Customs duty on steel scrap cut to 0% vs 5%

12:28 No change in peak customs duty

12:28 Fiscal deficit target for 2008-09 at Rs 1,33,287 cr

12:28 Revenue deficit target for 2008-09 at Rs 55184 cr

12:26 Fiscal target under FRBM Act to be met

12:25 Revenue deficit for 2007-08 at 1.4% against estimated 1.5%

12:25 FY09 fiscal target at 2.5% of GDP

12:24 Current yr fiscal deficit at 3.1% vs Budget est of 3.3%

12:23 Plan expenditure estimate at Rs 2,43,386 cr

12:22 Rs 50 cr to National Tiger Conservation Authority

12:21 Allocation of Rs 624 cr in 2008-09 for Commonwealth Games

12:21 6th Pay Commission to submit report by March 31

12:19 Defence allocation upped to Rs 1,05,000 cr from Rs 96,000 cr

12:19 Defence allocation hiked by 10%

12:15 Differences in state duties, levies hampering securities mkt

12:15 States to help develop National Securities Market

12:14 Allocation for TUF at Rs 1090 cr up from Rs 911 cr

12:13 PAN requirement extended to all financial mkts

12:12 To launch exchange traded forex, rate derivative mkt

12:09 Dollar sterilisation cost via MSS at Rs 8,351 cr for 2007-08

12:08 To allocate Rs 12,966 cr to National Highway Plan in FY09

12:08 To create risk capital fund in SIDBI

12:07 Urge to open bidding for 5 more UMPPs

12:07 Rs 450 cr provision for textile parks

12:06 All 30 integrated textile parks approved

12:06 NELP-VII to attract investments worth $3.5-8 bn

12:05 Coal regulator to be established, more reforms in coal, electricity

12:04 National fund for power transmission, distribution

12:04 Plan Rs 800 cr for accelerating power reform in FY09

12:03 Bank of Mah says should not be negative if govt reimburses

12:02 Growth in cap goods still healthy at 20.2%

12:01 Looking at moving to nutrient-based fertiliser subsidies

11:59 FDI in Apr-Dec USD12.7 bn; FII USD18 bn

11:57 Rs 50,000 cr WAIVER FOR FARMERS

11:56 Total agri loan waiver estimated at Rs 50,000 cr

11:55 Debt waiver scheme to be completed by June 2008

11:54 Rescheduled loans also eligible for waiver

11:53 One-time settlement scheme for other farmers

11:52 Waiver amounts to 4% of total bank loans

11:52 Complete loan waiver for marginal farmers with 1-2 hec holding

11:49 Complete waiver of all loans to marginal & small farmers

11:47 Scheme of debt waiver and relief for Small and marginal farmers

11:46 Rs 18 cr allocated for coffee in FY09

11:45 National agri insurance plan to get Rs 64 cr in FY09

11:45 Perpetual fund for rubber, cardamom in FY09

11:44 Rubber Fund to get Rs 19 cr in FY09

11:43 Special purpose tea fund to get Rs 40 cr in FY09

11:42 Irrigation resources fin to have Rs 100 cr capital

11:42 To set up irrigation, water resources finance corp

11:41 24 major, 750 irrigation projects in FY09

11:41 FY09 Irrigation outlay seen at Rs 20,000 cr Vs Rs 11,000 cr

11:40 Aim to hike farm contribution to GDP to 1.6% in 11th Plan

11:40 75% farm credit by Scheduled Cmmercial Banks

11:39 288 PSU Bank Branches to be opened in backward areas by March

11:38 Plan addl Rs 10,000 cr capital expenditure this year

11:38 Agri credit target at Rs 2.8 lakh cr for 2008-09

11:35 LIC to cover all women SHGs linked to Banks

11:33 3 National Fin Corporations for weaker sections get Rs 105 Cr

11:32 Allocation to ministry for minorities doubled to Rs 1000 Cr

11:31 National Minority Development Fin Corporation gets Rs 75 cr

11:30 Allocation to North-East at Rs 16,447 cr vs Rs 14,365 cr

11:29 Rs 300 cr allocated to desalination plant to be set up near Chennai

11:29 Rajiv Gandhi Drinking Water Mission To Get Rs 7300 Cr From Rs 6500 Cr

11:29 Allocation to ICDS hiked to Rs 6,300 cr

11:28 Allocation To JNURM Hiked To Rs 6,866 Cr From Rs 5,482 Cr

11:26 NREGS extended to all 596 rural districts; allocated Rs 16,000 cr

11:25 Rs 1,042 cr allocated for Polio eradication in UP, Bihar

11:24 Health Cover Of Rs 30,000 For Every Worker In BPL Category

11:23 To allot Rs 100 cr to IT Ministry to link knowledge institutes

11:22 Impact of US slowdown on EMs not clear

11:21 Allocation of Rs 16,534 cr for health in '08-'09

 

11:21 National Rural Health Mission Allocation Hiked by 15%

11:20 Govt To Set Up 3 IITs; One Each In AP, Bihar, Rajasthan

11:20 To set up 3 IISCs in Bhopal and Trivandrum

11:19 Midday meal scheme extended to upper primary classes in all blocks

11:19 Sarva Shiksha Abhiyan will be provided Rs 13,100 cr

11:19 16 Central Universities To Be Set Up

11:16 6,000 high quality schools to be built by FY09

11:15 FY09 Gross Budgetary Support At Rs 2.4 Lakh Cr

11:14 Education, health allocation up 20%

11:14 Bharat Nirman Programme gets allocation of Rs 31280 cr

11:13 'Can Do Better' On Ensuring More Inclusive Growth

11:12 FY08 Farm Growth Seen At 2.6%

11:11 Agri Credit Doubled In First 2 Yrs Of UPA Govt

11:11 Need to be vigilant on global risks

11:11 Govt, RBI To Jointly Take Temporary Steps To Manage Cap Inflows

11:11 Capital Inflows In Excess Of Economic Deficit

11:10 To Take Steps On Foreign Inflows To Ensure Stable Mkts

11:09 Govt will monitor foreign fund inflow: FM

11:09 Global Markets Weak Since Aug, Impact On Local Market Unclear

11:09 8% GDP Growth In 12 Successive Quarters

11:09 Keeping inflation under check cornerstone of govt policy

11:08 FM Says Confident Of Maintaining 8.8% GDP Growth

11:08 Agriculture estimated to grow at 2.6% in FY08

11:05 Q3 Mfg Growth At 9.3% Vs 11.3% (YoY)

11:05 Q3 Farm Growth At 3.2% Vs~3.4% (YoY)

11:05 Q3 GDP At 8.4% Vs 9.1% (YoY)

11:02 Uproar in Lok Sabha ahead of the speech; FM about to start his speech

 

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