Pollution cess of 1 per cent on small petrol, LPG and CNG cars; 2.5 per cent on diesel cars of certain specifications; 4 per cent on higher capacity vehicles

Plan and non-Plan classification of Budget will be done away with from Fiscal 2017-18

FM introduces one-time dispute resolution scheme for retro tax cases, payment of tax arrears to lead to waiving of penalty and interest

High level committee headed by Revenue Secretary to oversee creation of fresh liability using retrospective tax legislation

Clean energy cess increased from ₹ 200/ton to 400/ton on coal, lignite and peat.

A fund of ₹ 900 crore started for stabilising market crisis of pulses.

Long term capital gains period for unlisted companies to be reduced from 3 to 2 years

Increases excise duty on tobacco products except bidis by 10-15 per cent.

SUVs and luxury cars will become more expensive.

Fiscal deficit target for 2015-16 and 2016-17 retained at 3.9 pc and 3.5 pc respectively.

First home buyers to get additional deduction of ₹ 50,000 on interest for loan upto ₹ 35 lakh. Cost of house should not be more than ₹ 50 lakh.

₹ 900 cr provided to buffer fund created to moderate prices of pulses

Service tax on single premium annuity to be reduced to 1.5 per cent from 3.5 per cent.

Service Tax to be exempted on general insurance schemes under NIRMAYA Scheme.

Target delivery of financial, other intermediary services will be introduced using Aadhar in this Budget session.

In 2016-17, govt eyes ₹ 1,80,000 crore credit target through Mudra bank.

Govt to increase ATMs, micro-ATMs in post offices in next three years.

Accelerated depreciation to be limited to 40 pc wef from Apr 1, 2017 as part of phasing out of exemptions to industry.

Consolidation roadmap for public sector banks to be spelt next year; govt open to reducing its stake in PSBs below 50 percent.

For tax payers earning below ₹ 5 lakh, ceiling on tax rebate increased by ₹ 3,000.

To lessen burden on individuals with income not exceeding 5 lakh, propose sealing of tax rebate under sec 87A from 2000 to ₹ 5000.

Govt to allow 100 per cent FDI through FIPB in marketing of food products produced and manufactured in India.

Govt to bring new policy for strategic sale of CPSE assets.

More FDI reforms proposed in insurance, pension, asset restructuring companies and stock markets.

A new credit rating system for infrastructure will be developed.

A Public Utility Resolution of Disputes Bill to be passed to solve problems in infrastructure contracts, PPP and public utilities.

Govt preparing a comprehensive plan for nuclear power generation and allocation could be up to ₹ 3,000 crore per annum.

Govt considering to provide calibrated market freedom to new gas production from deep sea, ultra deep sea to boost stagnant domestic output.

160 airports and airstrips can be revived at a cost of ₹ 50-100 crore each.

Abolition of permit law will be our medium-term goal in public transport.

Proposed to allocated ₹ 55,000 crore for roads and highways; total investment in road sector would be ₹ 97,000 crore.

Total outlay for infrastructure at ₹ 2.21 lakh crore for 2016-17.

₹ 97,000 cr allocation for road sector including rural roads.

Shopping malls to be allowed to open on all seven days of week; a model shops and establishment bill to be circulated to states.

85 pc of stuck road projects have been put back on track; highest ever contracts awarded in current fiscal.

Govt to pay 8.33 percent towards employee pension fund.

62 new Navodaya vidyalayas to be opened in next two years.

Govt to provide ₹ 500 crore for Stand Up India scheme.

A new health protection scheme to provide cover up to Rs one lakh per family; top up of ₹ 35,000 for people above 60 years.

3,000 medical stores will be opened under Pradhan Mantri Jan Aushodi Yojana to make quality medicine available.

75 lakh people have given up LPG subsidy.

₹ 87,765 cr allocated for rural development.

Duty cuts announced for dialysis equipment.

₹ 9,000 crore allocated for Swacch Bharat Abhiyan.

₹ 55,000 crore for roads and highways in this budget.

Govt to develop 300 ‘rurban’ clusters.

₹ 2.87 lakh crore will be given as grants-in-aid to village panchyats and municipalities to boost rural economy.

Govt to spend ₹ 850 crore in a few years on animal husbandry, cattle and livestock breeding.

States will be encouraged to take up decentralised procurement of foodgrains.

Aim for 100% village electrification by May 2018.

₹ 38,500 crore alocated for MGNREGA (the highest ever) – a scheme that this government had once described as a ‘living example of the failures of the Congress government.

28.5 lakh hectares will be brought under irrigation.

Retrospective tax dispute resolution: payment of arrears can secure waiver of penalty and interest under oversight committee. A one-time dispute resolution scheme for retrospective tax cases permits payment of tax arrears in exchange for waiver of penalty and interest, overseen by a high-level committee headed by the Revenue Secretary for creation of any fresh liability under retrospective tax legislation. Concurrent tax adjustments include differentiated pollution cesses on vehicles, an increased clean energy cess on coal, higher excise on tobacco products (excluding bidis), and a phased reduction of accelerated depreciation with a cap from April 1, 2017.