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The Government is concerned about inflation but it is confident that it will not affect growth, said Chidambaram while presenting the Union Budget.
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An investment protection fund under the aegis of SEBI would be set up Rs 100 crore special grant for Punjab Agricultural University Food fertilizer and petroleum industries to be under subsidiesDefence budget raised to Rs 89,000 crore in 2006-07 from Rs 83,000 crore last yearRs 37,458 crore would be capital expenditure in defenceThrust on farm sector positive for fertilizer companiesGovt urges consensus in Parliament on subsidies in fertiliser, petrol and foodAllocation to the states from the central pool up to RS 1,03,710 cr from Rs 94,402 cr Revenue deficit to be 2.1 per cent of GDP Fiscal deficit 3.8 per cent of GDP im 2006-07 After 20 years, gross fiscal deficit is less than gross budgetary deficit Plan expenditure has gone up to 30.6 per cent Gross tax revenues increases by 19.4 pc in 2004-05
Customs primary and non-primary steel and alloy products down to 7.5 pc from 10 pc Customs on mineral products down to 5 pc from 15 pc barring some items Customs duty on ores and concentrates reduced to 2 pc from 5 pc Customs duty on refractories reduced to 7.5 pc Customs duty on 10 anti-AIDS and cancer drugs down to 5 pcCustoms duty on life-saving drugs down to 5 pc from 15 pc Rs 300 cr as VAT compensation to statesCustomes duty on ferrous alloy down to 7.5 pc from 10 pcPeak customs duty reduced from 15 to 12.5 pcCustoms duty on naptha reduced to nilDuty on packaging machines reduced to 5 pcDuty on major bulk plastics down from 10 to 5 pc4 pc CVD on all imports
Published on Thu, Jan 31, 2008 at 13:20, Updated at Fri, Feb 01, 2008 in section 
Tags: Union Budget, Highlights 
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