·
Looking
at the Govt.’s keenness on implementation of Swach Bharat Abhiyan at every
corner of India we can expect the SBC to increase from 0.5 % to 1%.
·
Excise
on tobacco, liquor, SUVs and imported luxury items will be increased but
Service tax rates are likely to remain same.
·
There
may be slight increase in the Tax Exemption Limit from Rs. 2.5 lakhs to Rs.
2.75/3.00 lakhs.
·
To
promote first time entrepreneurs, particularly startups, Govt. may insert additional
deductions u/s 80 for such individuals/entities apart from the tax soaps
announced earlier.
·
To
promote Make in India initiative Govt. will also give tax soaps and rebates on
Indian made goods.
·
After
burning their fingers due to El Nino and farmer’s agitation during summer of
2015 Govt. is most likely to introduce loan waiver and relaxation schemes for
farmers and increase its allocation for drought relief fund.
·
Govt.
may also introduce some schemes to link Startup India and Make in India
initiative for the ultimate benefit of Agriculture and Rural Development.
·
Apart
of above it may also be expected that excise on agricultural equipment and
tools will be decreased and rebate on seeds and urea will be increased.
·
With
UP Assembly Elections in mind the Govt. is most likely to bring some good news
for sugarcane farmers.
·
To
promote clean energy Govt. is expected to give tax soaps for manufacturing of
solar cells and equipments.
·
Loans
for horticulture and animal husbandry will be provided at cheap rates.
·
More
funds will be awarded for inland waterways port.
·
Announcement
of some new Agriculture Universities and Research Institutes is also expected.
·
There
may be announcement of projects like GIFT city.
·
Considering
the immediate requirement of banks to comply with Basel lll norms it is also expected
that Govt. will announce some steps to help banks raise their capital.
