PAINLESS FISCAL SURGERY IN BUDGET
CHIDAMBARAM TO SPUR INVESTMENT
2013-02-15 10:58
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A rejigging of the current three-tier income-tax apparatus, small tax concession for income up to Rs. 10 lakh, new tax slab for high-income group, selective tax on dividend income, introduction of inheritance tax, tax sop on savings, small changes in excise and customs levies, minor export concessions, further government stake sale in state undertakings (PSUs), simplification of rules for foreign direct investors (FDI), tightening of expenditure and strengthening of tax collection machinery are among the options Union Finance Minister Palaniappan Chidambaram may consider for his 2013-14 budget proposals.