Budget '06 Highlights..

*Excise duties on small cars reduced to 16%.

*No change in rates of personal income tax or corporate income tax.

*Duty on leather footware cut.

*Ninety-six per cent of the golden quadrilateral would be completed by June 2006 and the corridor would be completed by the end of 2008.

*Raised excise duty on cigarettes by five per cent :-((

*Fiscal deficit in 2006/07 likely to be 3.8 percent of GDP

*GDP growth likely to be 8.1 percent in 05/06

*Aims to raise power generation capacity by 15,000 megawatts by March 2007


Just in: Maruti cuts prices by 13-22k, and Hyundai by 23k for its Santro model..