Rs 5000 crore fund for enhancing re-finance operations
No change in corporate tax
Excise duty on Pharma products down to 8 per cent from last year's 16 per cent
Excise duty on two and three wheelers down to 12 per cent
Excise duty on Hybrid cars reduced to 14 per cent from 24 per cent
Excises duty on buses and chassis reduced to 12 per cent
Special exemptions and reductions for paper, fertilizers and auto industries
Four new services (Asset management service provided under ULIP, services provided by stock / commodity exchanges and clearing houses, right to use goods in cases where VAT is not payable and customised software) brought under tax net
Custom duty on project import have been reduced from 7.5 per cent to 5 per cent
Public Sector Units to get Rs 16436 crore in 2008-09
Export taxes on key raw material of steel to be increased
Excise duty on packaged software increased from 8 to 12 per cent
Change in Security Transaction Tax (STT)
Short-term capital gains to increase to 15 per cent
Banking Transaction Tax (BTT) withdrawn
Commodity Transaction Tax introduced
No double deduction of Dividend Distribution Tax (DDT)
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