AGRICULTURE
» Outlay
of Rs 8,000 crore for rural infrastructure
» Rural
credit to be doubled over next three years
GROWTH
» The
rural economy will benefit from increased investment
» Investment
in new projects will spur growth
EXPORTS
» Emphasis
on development of airports, seaports
» A
new bill in the offing to regulate special economic zones
SERVICES
» Service
tax rates raised from 8 to 10 per cent
» 13
more services brought under the tax net (but the sector's vibrancy
will see the boom continue)
INFLATION
» The
2 per cent cess on all taxes will push up prices of virtually everything
» The
increase in service tax (from 8 per cent to 10 per cent) will hike
prices
FOREIGN
INSTITUTIONAL INVESTORS
» The
India story is still alive
» Budget's
overall tone is reformist and its efforts to prune fiscal deficit,
commendable
FOREIGN DIRECT
INVESTMENT
» The
India story is still alive
» Hike
in foreign direct investment ceilings in telecom, civil aviation,
insurance
JOBS
» 100-days
gainful employment promised to one member of every poor family
» Launch
of the Food for Work programme
INTEREST
RATES
» Government
to continue with a benign interest rate regime
FISCAL
DEFICIT
» Non-plan
expenditure is estimated to be lower at Rs 323,239 crore than the
Budget estimate of Rs 349,787 crore
» A
special drive to recover arrears will add Rs 8,000 crore to the
government's revenues
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