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A scheme of debt waiver and relief for small and
marginal farmer announced. Loan given up to 31st March
2007 will be covered under the scheme. The scheme will be for
farmers owning 1-2 hectares. Implementation of the scheme will be
completed by June 30, 2008. All the loans given by cooperative
credit society, rural banks and scheduled commercial bank. The
scheme involved loan liabilities of Rs. 60,000 crore and 4 crore
farmers will get the benefit. Other farmers will be given option to
go for one time settlement.
Excise duties on buses, small cars, 2-3 wheelers
reduced
20 % increase in education sector allowance.
Educomp or Everonn Systems may get benefits. Scholarship for science
student.
13.9 crore children to be covered under the mid
day meal scheme.
Rs. 11460 crore for women specific schemes. 24 %
increase in allocation for women and child welfare.
Rs. 5500 crore for Rural Electrification.
IT allowance increased by about 10 % to Rs. 1600
crore.
NABARD will get fund.
NHB will get funds for refinancing for rural
housing.
Defense allocation up by 10 % .
Steel, Aluminum, scrap duty reduced to 0.00,
customs duty on life saving drugs reduced to 0.00.
Duty exemption of naphtha withdrawn.
Packaged software excise duty increased to 12
%.
Limit of exemption increased to 1,50,000 vs
1,10,000. For senior citizens the exemption limit is 2,25,000.
Banking cash transaction tax withdrawn.
Cigarettes : Excise duty for non-filter
cigarettes not exceeding 60mm in length is increased from Rs. 168 to
Rs. 819 per 1000 pieces of cigarettes. Excise duty on filtered
cigarettes in length between 61mm - 70mm is increased from Rs.
548 to Rs. 1323 per 1000 pieces of cigarettes.