Additional taxes to yield rs 6,000 crore
Additional taxes to yield rs 6,000 crore.
12:54PM
Finance bill introduced in the Lok Sabha.
12:38PM
FBT rates brought down.
12:31PM
Quoting pan made mandatory for high value bank transactions.
12:30PM
Cooperative banks, except for primary agriculture, brought under tax net.
12:29PM
Securities transaction tax raised by 25 per cent.
12:27PM
One-by-six criterion for personal income tax abolished.
12:26PM
Atm and air services, excluding economy class, brought under service tax.
12:26PM
Long-term capital gains tax hiked
12:25PM
No change in personal income and corporate tax.
12:25PM
Service tax raised from 10 per cent to 12 per cent.
12:23PM
Duty exemption limit for footwear raised to mrp rs 750 from rs 250.
12:22PM
More services brought under tax net.
12:22PM
Excise duty on cigarettes up by five per cent
12:21PM
Cess on domestic crude oil increased from rs 1800 to rs 2500
12:21PM
8 per cent excise duty on packaged software. Excise duty exempted on condensed milk and pasta, among several other food items.
12:21PM
Excise duty on dosa and idli mix packets reduced form 16 per cent to 8 per cent.
12:18PM
Excise duty on aereated drinks reduced to 16 per cent from 24 per cent.
12:18PM
Excise duty on small cars reduced from 24 per cent to 16 per cent.
12:18PM
Import duty on man-made yarn reduced from 15 per cent to 10 per cent.
12:16PM
Duties on bulk plastics reduced to 5 per cent from ten per cent.
12:16PM
Duty on life-saving drugs reduced from 15 per cent to 5 per cent.
12:15PM
Customs duty on ten anti-aids and 14 anti-cancer drugs reduced.
12:15PM
Customs duty on packaging machines reduced to 5 per cent.
12:14PM
Peak customs duty brought down from 15 per cent to 12.5 per cent.
12:12PM
Revised revenue deficit brought down to 2.6 per cent. Fiscal deficit to 4.1 per cent in 2005-06.
12:10PM
Gross tax revenue went up by 21.4 per cent in 2005-06
12:10PM
Tax-gdp ratio increased to 10.5 per cent in 2005-06. To go up to 11.2 per cent in 2006-07.
12:08PM
Punjab agricultural university to get a grant of rs 100 crore in recognition of its pioneering contribution to the green revolution.
12:04PM
Rs 50 crore each provided for calcutta, bombay and madras universities for specified research programmes.
12:03PM
Defence allocation raised from rs 83,000 crore to rs 89,000 crore.
12:02PM
FII cap for capital market raised from 1.7 to 2 billion dollars.
11:59AM
Port institute in chennai to be renamed national maritime academy to be upgraded as a central university.
11:55AM
250 million telephone connections by 2007. Rs 1500 comes from universal service obligation (uso) fund to be given to telecom sector. 50 million rural connections targetted.
11:53AM
Food processing to be treated as a priority sector
11:53AM
Access control express highway to cover delhi-jaipur, delhi-meerut, delhi-agra, bangalore-chennai and kolkata-dhanbad.
11:53AM
Rs 9945 crore for national highways development during 2006-07.
11:50AM
1000 km of access control express highway to be developed
11:50AM
40,000 more villages to be covered under rajiv gandhi gramin vidhyutikaran yojana.
11:50AM
Four institutes of hotel management to be opened during 2006-07
11:47AM
Nabard to set up separate window for refinancing agro processing infrastructure with rs 1000 crore.
11:45AM
Services sector to be treated at par with manufacturing sector.
11:45 AM
National jute technology mission to be launched in 2006-07
11:40AM
Rs 535 cr for technology upgradation in textile sector.
11:40AM
Rs 150 crore for national horticulture mission.
11:36 AM
Rs 4,863 crore for women's self-help groups.
11:36 AM
Rs 100 crore allocation for tea sector.
11:36 AM
Rural infrastructural development fund (ridf) corpus increased to rs 10,000 crore including rs 346 crore for the north-east.
11:36
Command area development programme to be revamped by water resources ministry.
11:31 AM
Budgetary allocation to social sectors substantially hiked.
Bharat nirman will be implemented on ''mission mode''
Power generation capacity raised by 34,000 mw in tenth plan. Bharat nirman will be implemented on ''mission mode''. Gross budgetary support for 2006-07 increased by 20.4 pc to rs 1,72,788 crore. Allocation for education increased by over 21 per cent.
Allocation for 8 glagship programmes raised from rs 34,927 cr to rs 50,015 cr.
96 per cent of golden quadrilateral to be completed by march.
Budegetary allocation to social sectors substantially hiked.
11:16 AM
Finance Minister P Chidambaram presents budget 2006-2007 in lok sabha.
11:05 AM
Allocation for 8 flagship programmes raised from rs 34,927 cr to rs 50,015 cr.
Farmers to get short-term credit at 7 per cent interest
11:33 AM
Performance Budget coming
Performance budget before end of current parliament session.
11.28 AM
Allocation for national council for promotion of urdu language raised to rs 13 crore.
11.24 AM
Allocation for sc/st welfare schemes substantially hiked.
11.18
East-west and north-south corridors to be completed by april 2008.
11.13 AM
Old age pension increased to rs 200 from rs 75 a month
11.21 AM
Rs 4595 cr grant for jawaharlal nehru urban renewal mission.
11.15 AM
Allocation for national rural employment programme (nrep) to be rs 14,300 crore. 1120
Allocation for integrated child development scheme raised to rs 4,087 cr.
11.15 AM
Allocation for rajiv gandhi drinking water mission raised to rs 4,680 crore.
Budegetary allocation to social sectors substantially hiked
96 per cent of golden quadrilateral to be completed by march
Allocation for 8 glagship programmes raised from rs 34,927 cr to rs 50,015 cr.
Allocation for education increased by over 21 per cent
Gross budgetary support for 2006-07 increased by 20.4 pc to rs 1,72,788 crore.
Bharat nirman will be implemented on ''mission mode''.