Agricultural resurgence (Krushi Navodaya) - a comprehensive package of credit and tax rebates for machinery, equipment and extension services for agriculture. Rs.2 billion each year over the next three years earmarked for this project.
l Electricity generation and distribution exempt from VAT.
l Heavy fuel oil and furnace oil exempted from VAT.
l Normal passport fee reduced to Rs.2,500.
l Dual citizenship fee reduced to Rs.200,000 per family.
l Nominal visa fee of US$ 10 for visa on arrival
l Duty and VAT exempted for replacement of buses by operators who already have a route permit
l VAT rate on supply of jewellery to be reduced to 5 per cent.
l VAT reduced to 5 per cent on high-tech medical equipment
l Excise duty hike carbonated drinks
l Excise duty to be imposed on paints
l Housing loans of 5,000 low income householders to be written off
l VAT exemption for cinema equipment and tax holidays for ultra-modern cinemas
l Rs.13,295 million to be allocated under the SME sector at concessionary rates of interest for a variety of SME enterprises.
l A tax-free threshold of Rs.600,000 for medium scale partnerships.
l Tax relief for employee shares
l Cost of living allowance increase for Government servants, pensioners
l More jobs for graduates
l Closed factories to be re-opened with the creation of 10,000 jobs
No comments:
Post a Comment
Use this space to express your opinion about this post.Please do not use explicit words or links to other web sites or blogs. Including such prohibited things will result in not publishing your comments in the Blog.
Owners of this blog bears no responsibility for the ideas and opinion expressed by the numerous readers of this web site.