| Budget 2000 |
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HYDonline
Special Budget Report
Highlights
1. Fiscal deficit placed at Rs 79,955 crore, that is
4% of GDP
2. Revenue deficit placed at Rs 54,147 crore, that
is 2.7% of GDP
3. Rates of several postal items raised
4. Additional duty of Re 1 per litre on imported and
domestic HSD
5. SSI units to be allowed to pay excise duties on
a monthly basis with effect from 1.6.99
6. Credit linked capital subsidy scheme for cold
storages and godowns
7. Focus of MRTP to be shifted from curbing
monopolies to promoting competition
8. FIPB decision to be given within 30 days
9. Comprehensive amendments to Income Tax Act
proposed to make business reorganisations fully
tax neutral
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Finance
