Food subsidies will be provided for in full. Other subsidies will be provided to the extent the ecnomy can bear the impact.

Services growth in the year highest at near 9% , Industry less than 4%

Need to address Black money not explained yet. 

Mysore (Cash instead of LPG subsidy to account) Alwar and North East (Aadhaar) pilots mentioned for change in subsidy transmission mechanism

Propose to restrict subsidies to 2% of GDP

Reactions: Maruti down on expectations of Diesel SAD/ Excise increase of 10%

Reactions: Banks up on services performance, once tax proposals cleared banks will lead big rally

GST mooted for August 2012

DTC will come. (when!)

Divestment of $3 bln ach vs target of $8 bln in FY12. New TGT $6 Bln (INR 300 bln)

PSE government stake limit set at 51%

(I think Times Now will be carried by Reuters globally for Budget statement)

RG Equity Saving Scheme deduction of 50% upto 50000k investment in Direct Equities upto Salary of 3 Lacs

Qualified Foreign investors to be allowed access to bond markets ddirectly. Electronic voting for shareholders at exchanges , no tlimited to AGMs but for all decision making

PFRDA , Banking laws Amnd , and insurance Bill will be moved in this session

MFI Bill, NHB Bill, SIDBI Bill, NABARD 2012, Regional Banks 2012, Public Debt Management bill 2012 also to be moved this year

INR 154.88 bln for PSE Banks and NABARD

 

 

 

Posted via email from The India Investment Post