├╝  Iodised salt, match-boxes,
soya products to become cheaper
├╝  Increase customs duty on
imported cars to 75%
├╝  Raises custom duty on import
on large SUVS
├╝  Increase excise duty on some
Cigarettes
├╝  Customs duty on gold bar
coins raised to 4%
├╝  Customs duty on platinum
raised
├╝  Customs duty on gold raised
├╝  Some infra services exempted
from service tax
├╝  Tax exemption of up to Rs
5,000 for health insurance towards annual preventive check up
├╝  Basic customs duty on
bicycles raised to 30%
├╝  Exempts LCD LED panels from
customs duty
├╝  Iron ore machinery part duty
cut to 2.5%
├╝  Airline parts exempted from
basic custom duty
├╝  Rs 15,890 crore for
recapitalisation of PSU banks
├╝  Coal LNG exempt from customs
duty
├╝  Exemption of customs duty of
5% on equipment for fertilizer plants
├╝  To keep peak custom rate
unchanged
├╝  To raise duty on large cars
27 pc duty
├╝  Excise duty hiked to 12 pc
from 10 pc
├╝  Service tax raised to 12 pc
from 10 pc
├╝  FY13 market borrowing at Rs
4.79 lakh cr.
├╝  Introduction of compulsory
reporting requirement of assets held abroad
├╝  To exempt some movie services
from service tax
├╝  Govt services, education,
entertainment, public transport exempted from service tax
├╝  School education exempted
from service tax
├╝  FM says information on black
money stashed abroad has started flowing in and prosecution to be executed in
some cases
├╝  Removes restriction on
venture capital investment
├╝  No change in corporate tax
├╝  Income above 10 lakh will
have 30% income tax
├╝  Income from 5 to 10 lakh will
have 20% income tax
├╝  Income Tax at 10 percent for
Rs 2-5 lakh
├╝  Tax exemption limit up to 2
lakh
├╝  Introduce new law for micro
finance institutions
├╝  FY12 fiscal deficit at 5.9%
and FY13 fiscal deficit at 5.1%
├╝  7 medical colleges to be
upgraded to All India Institutes
├╝  FY13 non plan expenditure at
9.7 lakh crores
├╝  Non-tax revenue receipts
estimated at Rs 1.64 lakh crores
├╝  Additional 3 per cent
interest subvention to farmers for promptly repaying their due
├╝  Rs 25,555 cr for Right to
Education in FY13
├╝  Rs 193107cr in FY13 for
defense
├╝  Rs 1000 crores for National
Skill Development Fund in FY13
├╝  Rs 15,850 crore to be
allocated to Integrated Child Development Scheme in 2012-13
├╝  Pranab says the Nandan
Nilekani panel recommendation on direct transfer of subsidy accepted
├╝  NRHM allocation increased to
Rs 20,820 cr.
├╝  FM announces new equity savings
scheme
├╝  Rs 14000 crore for rural
drinking and sanitation in FY 13
├╝  Rs 242 crore project with
World Bank assistance to improve dairy production.
├╝  Credit guarantee fund for
education loans
├╝  National mission for food
processing
├╝  6,000 schools proposed to be
set up in 12th year plan
├╝  1 percent loan subsidy on
home loans up to Rs 15 lakh
├╝  New PDS for food security
├╝  Allocate Rs 14232 cr to UID
project
├╝  Set up state-run irrigation
facility
├╝  Remove infrastructure
bottleneck: FM
├╝  Budget commits to multi-brand
FDI
├╝  Tax free-infra bond for Rs
60,000
├╝  Allow ECB funding to finance
working capital needs of airlines for 1 year
├╝  Rs 30,000 crore to be raised
through disinvestment
├╝  To make 8,800 km of highways
in FY13; outlay raised
├╝  Irrigation, dams eligible for
a special fund
├╝  Tax exemption on individual
share investment below Rs 10 lakhs
├╝  Become self sufficient in
urea production in next 5 years
├╝  Some subsidies inevitable,
says Pranab
├╝  FM promises tax incentive for
new investors
├╝  Considering FDI in airlines
├╝  Infrastructure debt fund launched
├╝  Sensex trading 180 points
higher
├╝  Food subsidy will be fully
provided for in the Budget
├╝  Consortium for direct lending
approved
├╝  Implement direct tax code the
earliest
├╝  Focus on removing
infrastructure bottlenecks
├╝  Direct cash subsity to LPG,
Kerosene
├╝  Signs of turnaround in
economy in March
├╝  Address malnutrition
decisively
├╝  Bring down subsidy to 1.7
percent of GDP in the next 3 years
├╝  Economy to grow at 7.6
percent in 2012/13
├╝  Direct subsidy to retailers,
farmers
├╝  Address the problem of black
money; FM expects inflation will come down; Have to accelerate pace of reforms
├╝  Need to improve supply side
in economy says FM
├╝  Performance this year was
disappointing but as compared to peers India was better says FM
├╝  Weak industrial growth has
held us back says Pranab
├╝  Pranab Starts the budget
presentation. He syas for Indian economy it has been a year of recovery
interrupted.
├╝  DMK MPs not attending
Parliament for the Budget
├╝  Can Pranab Mukherjee take the
initiative to halt the deteriorating economic growth? Can he make this a significant
budget?
├╝  Rupee strengthens before
budget
├╝  Oil & Gas: expect status
quo to be maintained on customs and excise duties in the oil & gas sector
in the light of the sustained high losses on sales of subsidized petroleum
products at current retail selling price.
├╝  Nominal GDP growth of 14 to
14.5 percent is likely to be used for the budget arithmetic
├╝  In the fertilizer and
chemical sector, there is an expectation that the customs duty on various
inputs like LNG, Naphtha, Alcohol, Propylene etc will be removed from current
rate of 5 percent.
├╝  In the automobile sector, the
expectation is that there will be an increase in excise duty across segments
and also there is possibility of additional tax on diesel vehicles.