- FM does her best to boost the falling economy
- Agri and Health care and Education get huge allocation
- Salaried class will get more money in their hands to spend/save
- Compulsory Investments to avail 80 C benefits goes
- Instead lower rate of tax without long term investments proposed
- Bank depositors to cheer up as the deposit Ins. goes up to Rs 5 L >rs 1 L
- LIC, IDBI Bank privatisation move- LIC to come out with IPO
- A lot more trains to be given to Private sector- 150
- No capital infusion for PSBs now
- DDT abolished-Dividend tax to be borne by beneficiaries
- MFs/SIPs will get benefit as the DDT is abolished
- Excise duty on luxury goods import raised
- Fiscal deficit may go up to 4.5 % of GDP
- Next Fiscal GDP is expected to be around 10 % says FM
- Despite good announcements, Markets tank heavily, but picks up on Monday
- NRIs -I.T definition changed- have to pay tax if they do not pay overseas
- Disinvestment delayed but target will be done says FM
- Food subsidy up, Fertiliser subsidy shrinks
- Tax terrorism will be out- New tax charter in offing
- Simplified GST return from Apr 1 st
- Income tax rates reduced but more slabs now
- Tax on ESOPs deferred by 5 Years
- Household savings deteriorate, per capita income goes up slower
- Foreign Govts can avail sovereign wealth funds in India now with no tax
- Real estate: Higher relief if circle rate exceeds sale price
- Tax exemption s under sec 10 (10D) of I T Act would be there for amounts from LIC
- Individual Income tax @ 30 % for income above Rs 10 Lacs
- 6 Lakh new Govt jobs to be created
- Chennai-Bengaluru Express Road service to be soon
- 100 new airports before 2025
- Govt medical shops in all districts soon
- tax rebate for Housing loans extended for one more year
- FM uses Fiscal space to put consumption demand and the economy as a whole.
GOODWILL BUSINESS DIGEST
