Head post offices to issue passports

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February 01, 2017 13:13

Among the many other announcements made by Jaitley are:

Duty exempted on various POS machines and iris readers to encourage digital payments.

FPI to be exempt from indirect transfer provisions.

Customs duty on LNG halved to 2.5 pc.

Head post offices to issue passports

Govt considering option to amend Negotiable Instruments Act to ensure that holders of dishonoured cheques get payment.

3 year period for long-term capital gains tax on immovable property reduced to 2 years; base year indexation shifted from 1.4.1981 to 1.4.2001.

Govt doubles distribution target under Mudra Yojana to Rs 2.44 lakh crore for 2017-18.

Govt will amend the Multi-state Cooperative Act to protect the poor and gullible investors.

Computer emergency response team to be set for cyber security of financial sector.

Govt to further liberalise FDI policy.

Digi Gaon will be launched to promote tele-medicine and education.

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