NEW DELHI, SATURDAY, MARCH 17, 2012 V O L X X X V I I I N O 1 5 4 8 P A G E S I R s 6 . 0 0 READ TO LEAD P U B L I S H E D F R O M : A H M E D A B A D B A N G A L O R E C H A N D I G A R H C H E N N A I H Y D E R A B A D K O C H I K O L K A T A L U C K N O W M U M B A I P U N E (2 MINUTE) BUDGET INDIVIDUALS ■ I-Texemption cap up at `2 lakh ■ Deduction up to `10,000 for interest from savings accounts ■ Tax on all services except 17 at the rate of 12%, up from 10% ■ Cars & bikes, refrigerators, air-conditioners to cost more CORPORATES ■ Several anti-tax-avoidance steps with retrospective effect ■ Cess on crude up from `2,500 per tonne to `4,500 per tonne ■ Withholding tax sop for infra firms’ ECB interest payments ■ Airlines can raise ECBs up to $1 bn; easier FDI rule under study SOCIAL SECTOR DR DO ■ 20 crore Aadhaar cards issued. funding for 40 crore more. ■ Agri credit target raised by `1 lakh crore to `5,75,000 crore ■ Extra 3% interest subvention for timely farm loan repayments STATE OFTHE STATE ■ Fiscal deficit for current fiscal: 5.9%; Next fiscal’s target: 5.1% ■ Net borrowing: `4.79 lakh cr ■ Growth expected at 7.6% ■ Crude seen at $115 a barrel LITTLE’S DAMP PORTRAIT: SHYAM SQUIB
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