news1.gif (432 bytes)

Weekly Horoscope
Newdelhi Area News
Newspaper
Magazines
Television
Weather

 

 

 

 

 

 

left_arrow_up.gif (267 bytes)

  BUDGET INDIA 99
 
Highlights
  • Fiscal deficit placed at Rs 79,955 crore, that is 4% of
    GDP
  • Revenue deficit placed at Rs 54,147 crore, that is
    2.7% of GDP
  • Rates of several postal items raised
  • Additional duty of Re 1 per litre on imported and
    domestic HSD
  • SSI units to be allowed to pay excise duties on a
    monthly basis with effect from 1.6.99
  • Credit linked capital subsidy scheme for cold
    storages and godowns
  • Focus of MRTP to be shifted from curbing
    monopolies to promoting competition
  • FIPB decision to be given within 30 days

  • Comprehensive amendments to Income Tax Act
    proposed to make business reorganisations fully tax
    neutral
                                                                               More