Affirming that the economy is right on track, Finance Minister Arun
Jaitley presented the Union Budget for 2016-17. Citing that the CPI
inflation has come down to 5.4% from 9 plus, he said it is huge relief
for the public.
Tax
Infrastructure and agriculture cess to be levied.
Excise duty raised from 10 to 15 per cent on tobacco products other than beedis
1 per cent service charge on purchase of luxury cars over Rs. 10 lakh
and in-cash purchase of goods and services over Rs. 2 lakh.
SUVs, Luxury cars to be more expensive. 4% high capacity...