** For all 2 Mn+ cities, metro planning to start through the PPP route. INR 1 Bn set aside for this
** Additional tax incentive for housing – INR 40 Bn allocated to NHB for the same
** Slum development to be included in CSR of corporate
** Maintain allocation for MNREGA
** Soil Health Card for every farmer
** Target for RIDF increased by INR 50 Bn to INR 300 Bn
** INR 50 Bn set aside for warehousing of farm produce
** Definition of MSME to be revised for high capital ceiling
** Investment into road sector of INR 380 Bn. 22 Kms/Day to be achieved
** Coal to be supplied to all power plants – Very motherhood statement again, no specific measure
** Mining impasse to be ended shortly. Changes to Metals and Minerals Act will be done if needed
** Royalty will be increased to ensure better revenues to state governments
** Develop Bond Market, Liberalise ADR market, allow international settlement of Indian Debt, FX Derivatives
** Clarify the tax treatment of Indian funds whose FMs sit out of India
** One single operating Demat Account
** Govt in principle approves with consolidation of PSU Banks
** Bank will be allowed to raise long term foreign money to fund infrastructure without the costs of SLR, CRR and PSL
** PPF scheme to be increased from INR 100k to INR 150k
** Defense Spend – INR 2.3 Tn
** River linking project to be initiated
** NRI fund for Ganga clean up to be set up!
** Non-Plan at INR 12.2 Tn (Interim – INR 12), Plan Funds – INR 5.75 Tn (Interim – INR 5.5). Total at 17.94 Tn (Interim at 17.6 Tn)
** Tax Receipts – 13.6 Tn (Interim – INR 13.8), Non Tax at INR 2.12 Tn (Interim – INR 1.8). Fiscal Deficit at 4.5%
** Retain the lofty targets tax collection of Interim Budget (18% YoY)
** Relief to small and marginal tax rates – Raise Personal Income Tax limit to INR 200k to INR 250k
** Section 80 C relief to be increased from INR 100k to INR 150k
** Increase the deduction limit of housing loan from INR 150k to INR 200k
** Investment allowance of 15% for manufacturing companies for all companies above INR 250 Mn for 3 Years!
** 10 Year Tax Holiday to commence power production, distribution and transmission until FY2017
** FII portfolio income to be treated as capital gains
** Propose to increase rate of capital gains tax on mutual funds from 10% to 20%
** Anomaly of DDT to be rectified
** Impose customs duty of 10% on Telecom Equipment, Education Cess on Imported Electronic Goods
