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    Highlights of Economic Survey 2008-09





    New 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
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