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Highlights of Economic Survey 2008-09New Delhi: Salient features of the Economic Survey for 2008-09 released by Finance Minister Pranab Mukherjee in parliament Thursday:- Cut fuel, food and fertiliser subsidies
- Raise foreign investment cap in insurance to 49 percent - Allow 100 percent foreign investment in health, weather insurance - Raise Rs.25,000 crore from divestment every year - Sell 5-10 percent in profitable non-Navratnas - List unlisted state-owned firms, divest at least 10 percent equity - Auction loss-making state-owned firms - Rationalise dividend distribution tax to avoid double taxation - Review customs duty exemptions - Removal of fringe benefit tax - Remove commodity and security transaction taxes - Limit subsidy on cooking gas to six-eight cylinders per household - Kerosene subsidy only for non-electrified, non-cylinder homes - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Share it
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