Budget Flashes
12:34  Excise duty on 2-wheeler, small cars cut from 16% to 12%
12:34  Customs duty on crude/unrefined sulphur cut to 2% vs 5%
12:33  Excise duty on buses & chassis cut from 16% to 12%
12:33  Customs exempt to continue only for naptha for fertilisers
12:33  CENVAT reduced from 16% to 14% on all goods
12:32  Customs on steel melting, aluminium melting cut to 0% vs 5%
12:31  Customs duty on phosphoric acid cut to 5% vs 7.5%
12:31  Few IT, hardware components exempted from customs duty
12:30  Customs duty on few bulk drugs cut to 5% vs 10%
12:29  Customs duty on project imports cut to 5% vs 7.5%
12:29  Customs duty on steel scrap cut to 0% vs 5%
12:28  No change in peak customs duty
12:28  Fiscal deficit target for 2008-09 at Rs 1,33,287 cr
12:28  Revenue deficit target for 2008-09 at Rs 55184 cr
12:26  Fiscal target under FRBM Act to be met
12:25  Revenue deficit for 2007-08 at 1.4% against estimated 1.5%
12:25  FY09 fiscal target at 2.5% of GDP
12:24  Current yr fiscal deficit at 3.1% vs Budget est of 3.3%
12:23  Plan expenditure estimate at Rs 2,43,386 cr
12:22  Rs 50 cr to National Tiger Conservation Authority
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