Budget Proposals

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Updated on:
Budget Proposals
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  • No increase in personal income tax or corporate tax
  • Service tax hiked to 12%; more services under its ambit
  • Outlay for social sectors up; Bharat Nirman gets more money
  • Sops for farmers; interest rate cut to 7% on agri credit
  • Customs and excise duties reduced for several products
  • No big-ticket reforms; not much done for infrastructure
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