• 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.

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