Timeline in Union Budget

11:03:05 am Q3 GDP estimate at 8.2% v/s 8.9% (Q-o-Q)

11:09:10 am Corruption is problem must be fought collectively

11:27:55 am Plan to allow FII limit in infrastructure bonds to USD 25 bn
11:29:07 am To provide Rs 20 bn for warehousing facilities

11:29:32 am To bring legislative amendments for banking licenses this year

11:30:54 am 1% interest subvention for home loans upto Rs 15 lacs

11:31:39 am Upped priority home loans to Rs 25 lacs v/s Rs 20 lacs

11:34:25 am Rural housing fund corpus raised to Rs 30 bn v/s Rs 20 bn

11:37:30 am TCI to benefi from Govt support for warehousing

11:38:49 am FIIs allowed to invest in 5 yr unlisted bonds

11:44:52 am To allow FDI in MFs

11:47:46 am Infrastructure spending to be raised by 23%

11:51:13 am To set up 15 mega food parks

11:56:00 am Have allocated Rs 580 bn for social schemes (Bharat Nirman)

11:57:46 am To allocate Rs 580 bn to Bharat Nirman projects

12:14:32 pm To raise rural infra fund from Rs 160 to Rs 180 bn

12:26:49 pm Raise personal tax exemption to Rs 1.8 lacs

12:27:51 pm SEZs to come under MAT, negative for IT

12:31:04 pm Service tax retained at 10%

12:36:07 pm 1% excise duty on 130 new items

12:50:26 pm Servcie tax on hotel accomodatiobn above Rs 1500 per day

12:50:45 pm AC hospitals with more than 25 beds under service tax

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