13:29 : Definition Of Capital Assets Amended From April 1, 2014: FM 13:28 : 2% Customs Duty On Coal Imports negative For JSW Energy 13:27 : Service Tax Abatement Rate For Construction Sector Rationalised: FM 13:26 : Vehicle Parking To Fall Under Service Tax Ambit : FM 13:26 : Excise Duty Exemption for Ships & Vessels Positive: E&Y 13:24 : FM: Excise Duty On Truck Chassis Cut To 13% From 14% 13:21 : ETR For Domestic Cos 33.99% Having Income Over '10 Cr: E&Y 13:20 : High-end SUVs: Effective CD In Inc From 138% To 178% : E&Y 13:19 : 21% Effective MAT Rate For Domestic Cos: Ernst & Young 13:18 : Large Housing Saddled With Additional Taxes: Ernst & Young 13:17 : Increase In Effective Tax Rate By 2.3% For Foreign Cos: Ernst & Young 13:17 : Agri Testing Excluded From Service Tax Net :Ernst & Young 13:15 : Buyback By An Unlisted Co More More Expensive For Shrholders: Ernst & Young 13:14 : Foreign Technology To Cost More With Rise In TDS Rates: Ernst & Young 13:03 : Committment To Fiscal Prudence Positive For Economy: C Rangarajan 13:02 : Madhu Kela: Budget Encouraging, No Significant Negative Surprise 13:00 : Madhu Kela: 4.8% Fiscal Deficit Projection Looks Credible 12:59 : Budget Unexciting,No Direction Changing Moves, Says Samir Arora 12:57 : Uday Kotak : Budget Good For Capital Markets 12:56 : Uday Kotak Says FM Has Lived Up To His Promise On Fiscal Deficit 12:46 : To present Draft Bill on GST in parliament in next few months: FM 12:45 : One-time Amnesty Scheme for service tax due from 2007: FM 12:44 : To set aside '9,000 cr as compensation to states for CST: FM 12:42 : To impose service tax on all AC restaurants: FM 12:42 : Sops for low-cost housing to continue: FM 12:41 : To reduce abatement rates for luxury apartments: FM 12:40 : To include 2 services in negative list of service tax: FM 12:40 : To exempt vocational courses, testing services from Service Tax: FM 12:38 : To up import duty on luxury cars to 100% from 75%: FM 12:38 : SED on cigarettes hiked by 18%: FM 12:37 : Custom duty on imported motor vehicles hiked: FM 12:37 : To up import duty on set-top boxes to 10% from 5%: FM 12:35 : No change in standard rate of excise duty, service tax: FM 12:34 : 20% final withholding tax on unlisted companies share buyback: FM 12:33 : DTC is work in progress: FM 12:32 : To incorporate decisions on GAAR: FM 12:32 : STT reduced from 0.17% to 0.1%: FM 12:31 : Agri commodities to be exempt from CTT: FM 12:31 : To introduce CTT on non agri futures contracts at 0.1%: FM 12:29 : To reduce STT on equity futures, MF units: FM 12:28 : TDS at 1% of land deals over '50 lakh: FM 12:27 : 15% tax on dividend from overseas arms to continue: FM 12:27 : FY14 fiscal deficit seen at 4.8% vs 5.2% in FY13: FM 12:25 : Extend 80IA by 1 year: FM 12:25 : Tax holiday for power plants extended to March 2014: FM 12:24 : DDT surcharge raised to 10% from 5%: FM 12:23 : To continue with education cess at 3%: FM 12:23 : 10% surcharge on companies with income over '10 cr: FM 12:22 : Additional surcharge on taxes only for 1 year: FM 12:21 : Tax credit of '2,000 for income up to '5 lakh: FM 12:19 : Revenue deficit at 3.9% for FY13: FM 12:18 : To set up tax administration reforms commission: FM 12:18 : FY14 revenue deficit aim at 3.3%: FM 12:17 : FDE for FY14 @ 4.8%: FM 12:17 : FY14 planned budget estimate at 5.55 lk cr: FM 12:16 : FDE for FY13 @ 5.2%: FM 12:15 : DBT has benefitted 11 lakh people so far: FM 12:13 : Govt to contribute 1000 cr for Nirbhaya fund: FM 12:11 : 294 more cities to be connected by FM Radio: FM 12:08 : 289 FM radio channels to be auctioned in FY14: FM 12:06 : Increase allocation for defence to 2.36 lakh cr: FM 12:05 : Low cost finance provided for viable renewable energy projects 12:05 : Generation-based incentives for wind energy projects: FM 12:05 : ETFs will be eligible for pension, insurance investment: FM 12:04 : Insurance, pension companies can directly trade in debt segment: FM 12:02 : FII participation subject to forex exposure: FM 12:02 : Stock exchanges can introduce a dedicated debt exchange: FM 12:01 : FII will be allowed to participate in currency derivatives segment: FM 12:01 : To follow international best practices for Diff B/w FII, FDI: FM 12:00 : SEBI to simply procedures for FIIs, unify categories of FIIs: FM 12:00 : Proposal to amend SEBI Act under consideration: FM 11:58 : Sincerely hope the PFRDA & Insurance bill can be passed: FM 11:58 : KYC of banks will be sufficient to acquire insurance policies: FM 11:57 : Insurance companies will be empowered to open branches in tier II cities without prior IRDA approval: FM 11:57 : 2000 cr to be allotted to urban housing fund: FM 11:56 : Propose to start a fund for urban housing: FM 11:56 : 6000cr allotted to rural housing fund in FY14: FM 11:55 : To provide Rs 14,000 cr for Public Sector Bank recap: FM 11:54 : To provide '1,000 cr initial capital to All-Women's Bank: FM 11:54 : All-women's bank to be set up via public sector: FM 11:53 : Capital infusion of Rs 12517 cr to PSU banks by March 2013: FM 11:52 : To provide Rs 14,000 cr for PSB recap: FM 11:52 : To constitute panel on transaction costs, financial policies: FM 11:49 : To allot Rs 2,400 cr for textile technology upgradation: FM 11:48 : 500 cr given to SIDBI to act guarantee to a factoring fund: FM 11:47 : To increase refinancing of SIDBI to help MSME: FM 11:46 : To encourage PPP projects along with Coal India: FM 11:46 : Income limit for RGESS raised to Rs 12 lakh from Rs 10 lakh: FM 11:45 : Need to reduce dependence on imported coal: FM 11:45 : Coal imports estimated to rise to 185 million tonnes in 2016: FM 11:44 : Blocked NELP blocks to be cleared: FM 11:44 : To announce policy on shale gas based on revenue sharing: FM 11:43 : Inflation-indexed bonds to be announced on June 1: FM 11:42 : Work on Bengaluru Mumbai industrial corridor to begin shortly: FM 11:42 : Seeks assistance of World Bank, Asian Devt Bank to build roads in north east states connect to Myanmar: FM 11:42 : House loans upto Rs 25 lk will be allowed additional deduction of interest of 1 lk: FM 11:42 : Propose to introduce inflation index bonds or security certificates: FM 11:41 : Rajiv Gandhi scheme is extended to mutual funds: FM 11:40 : Investment allowance of 15% for investments above '100 cr: FM 11:40 : Rajiv Gandhi equity saving scheme to be liberalised: FM 11:39 : 3000 km of road projects will be awarded in first 6 months of FY14: FM 11:39 : Allocation for integrated water programme from 3,050 cr to 5,387 cr next year: FM 11:38 : Indian Institute of Agri-Biotechnology to be established at Ranchi, Jharkhand: FM 11:38 : CCI to take up more projects shortly: FM 11:37 : To encourage infra debt funds to boost infra growth: FM 11:37 : 5000 cr will be made available to NABARD to finance agri produce storage: FM 11:37 : To constitute regulatory authority for roads sector: FM 11:36 : Expect to raise Rs 25,000 Cr via tax-free bonds in FY13: FM 11:36 : Some companies can issue tax free bonds upto Rs 50,000 cr for Infra: FM 11:35 : IIFCL and ADB will offer credit enhancement to help infra companies tap bond mkt: FM 11:35 : 4 IDF's have been registered with SEBI, 2 will be launched soon: FM 11:34 : Infra debt funds are encouraged to promote investment in infrastructure: FM 11:34 : 55 lk crore earmarked for infra in the 12th plan: FM 11:33 : To allocate additional Rs 10,000 cr for food security bill in FY14: FM 11:31 : Food security bill is the promise of the UPA government: FM 11:29 : Eastern states to get Rs 1000 cr for green revolution: FM 11:28 : 4% farm loan scheme extended to private sector banks: FM 11:28 : Interest subvention on farm loans repaid on time to continue: FM 11:27 : Interest subvention on crop loans to continue: FM 11:27 : Rs 27,049 to Ministry of Agriculture; up 22% YoY: FM 11:26 : JNNURM will help in purchase of Rs 10000 buses by hilly stations: FM 11:25 : To allot Rs 14,873 cr for JNNURM: FM 11:25 : 80,194 cr allocated to Rural Development Ministry; 46% hike from FY13: FM 11:24 : 46% hike in Rural Development spending: FM 11:23 : Allocate Rs 15,260 cr towards clean drinking water & sanitation: FM
