Critical Economic Data 2012-2013
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2012-2013

1. GDP growth (Q2) 5.3 %
2. Inflation (Dec End) 7.18%
3. Current Account Deficit (CAD) USD 22.3 billion
4. IIP growth 1%
5. Direct Tax Collection (in Rs) 4.28 lakh crore
6. Indirect Tax Collection(in Rs) 2.92 lakh crore
 
 
MSME Sector

P Chidambaram proposed continuing non-tax benefits to these units for three years.

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IT-BPO Sector

Clarity on tax issues related to R&D centres in IT soon.

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Infrastructure

Big push to infra with Rs 50k cr tax-free bonds, two new ports.

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Real Estate Sector

FM raised tax deduction limit by Rs 1 lakh for the first time home buyers.

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Auto Sector

Excise duty on SUV will be raised to 30 percent from 27 percent.

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Rail Minister announced no hike in passenger fares.
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P Chidambaram- Man of all seasons.
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