For many a farmer, the FM has proven to be more than just a Finance Minister, he has been the Santa Claus in the white robes. Within hours of the Budget-08 being announced celebrations ensued outside 10, Janpath street. While it surely is the farmer's time to heave a sigh of relief over the 60,000 crore loan waiver, here's my take on what this budget might mean to the common man.
Proposal: Five year tax holiday for setting up hospitals in tier II and tier III regions for providing healthcare in rural areas from April 1, 2008.
Proposal: Five year tax holiday for promoting cultural tourism.
Proposal: Excise duty on small cars reduced to 12 per cent from 16 per cent and hybrid cars to 14 per cent.