 | Mediclaim for senior citizens raised to 5 lakhs [1243 hrs] |
| Expenditure of solving Y2K problem to be treated as revenue expenditure
[1240 hrs] |
| Tax exemption for 15 years for units in infrastructure & core sectors
[1239 hrs] |
| Provisions of bad debts made tax deductible [1236 hrs] |
| Income of housing finance companies would be taxed on actual basis and
not on accrual basis [1235 hrs] |
| Minimum ceiling on self occupied property raised to 75,000 [1234 hrs] |
| Buyback of shares not to be subjected to dividend tax [1233 hrs] |
| Venture capital made simpler [1231 hrs] |
| Long term capital gains tax capped at 10% for all [1230 hrs] |
| Restructuring of direct tax tructure announced [1227 hrs] |
| IT Sector given special status. Significant reduction in duties of
critical inputs [1223 hrs] |
| Special Custom Duty of 2% and further raised by 3% abolished wef from
tommorrow [1220 hrs] |
| Fiscal Deficit at 89,713 crores after taking into account Rs. 10,000
crores through disinvestment [1219 hrs] |
| Central plan assistance to states and UTs up about 10% [1218 hrs] |
| Cap on Modvat claims restored to 100% [1216 hrs] |
| Rs. 1/litre on imported/domestic HSD [1215 hrs] |
| Additional revenue to be garnered by addtional duty on HSD [1214 hrs] |
| Two slabs of surcharge 6% and 18% announced [1212 hrs] |
| 11 major Ad Valorem rates reduced to Central Excise of 16% Merit Rate of
8% and Demerit Rate of 24% [1210 hrs] |
| Tax structure to be rationalised further towards a central rate,merit
rate and demerit rate [1207 hrs] |
| Adjusted fiscal deficit to be 5.9% [1201 hrs] |
| Fiscal deficit up at 6.5% against target of 5.6% [1200 hrs] |
| MARKET FLASH : Bombay Stock Exchange index up 85 points |
| Expenditure Restructuring Commission to be set up [1158 hrs] |
| US-64 to be restructured as per recommendations of the Deepak Parekh
Committee [1156 hrs] |
| FM hints at downsizing the government. Surrenders his secretary wef
tommorrow [1154 hrs] |
| SEBI-Department of Company Affaires to take stringent action against
unscruplous market operators [1153 hrs] |
| Stamp duty on tranfer of debt instruments abolished [1151 hrs] |
| NRI allowed to set up trading terminals abroad [1150 hrs] |
| Banks to issue bonds against gold lying with charitable and religious
organisations. Interest on these bonds exempt from wealth tax and income tax. [1149 hrs] |
| Automatic FDI approval for the services sector. FIPB to give decision
within 30 days [1145 hrs] |
| VRS Scheme for employees of PSES. PSES to fund these through loan from
banks against government guarantees [1142 hrs] |
| Composite Loan Scheme for SSI sector loan limit raised to Rs. 5 lakhs
[1140 hrs] |
| Setu Samundar project announced. Funds to go into the technical
feasibility of the project set aside [1138 hrs] |
| Textile Technology Upgradation Fund approved by the government [1132 hrs] |
| 74 % FDI is Pharma Sector permitted [1132 hrs] |
| TAX Free status for bonds targeted at housing development activities
[1130 hrs] |
| Scheduled commercial banks would be asked to invest 3% in housing
activities [1127 hrs] |
| Government to provide poor shelter to all shelterless by the end of 10th
plan [1125 hrs] |
| Education guarantee scheme at the national level [1121 hrs] |
| Targeted PDS to be finetuned further to include senior citizens [1120
hrs] |
| FM announces National Human Development Initiative [1118 hrs] |
| FM announces plan for rural industrialisation [1117 hrs] |
| Centre to provide financial assistance to states undertaking land
management [1115 hrs] |
| Agriculture lending by public sector banks to be treated as priority
sector lending [1113 hrs] |
| Rural Infrtastructure Dev. Fund corpus to be raised to 35 billion [1112
hrs] |
| Centre to provide assistance to states to rationalise water management
costs [1110 hrs] |
| GDP Growth up to 5.8% from 5% [1109 hrs] |
| Budget to have six fold objectives [1107 hrs] |
| Yashwant Sinha starts of his budget speech by talking about the economic
turmoil in SE Asia [1105 hrs] |
| Yashwant Sinha claims he would be presenting the nest three budgets as
well [1101 hrs] |
| FM briefing his cabinet colleagues abt the provisions before presenting
them before the house [1055 hrs] |
| Bombay Senitive Index up 73 pts [1053 hrs] |
