Home Economy More Highlights of Indian budget (Part 15)

More Highlights of Indian budget (Part 15)

By IANS

Tax-GDP ratio rises to 12.5 percent

Tax exemption raised from Rs.110,000 to Rs.150,000

Sixth central pay commission to submit report by March

General central value-added tax rate slashed to 14 percent from 16 percent

Fiscal and revenue deficit pegged at 3.1 percent and 1.4 percent, respectively

Revenue deficit would be 1.4 percent against budget estimate of 1.5 percent