Union Budget 2013-2014: Cabinet Committee on Investment

 􀂉􀂉 The Cabinet Committee on Investment (CCI) has been set up. Decisions have

been taken in respect of a number of gas, power and coal projects.

New Investment

􀂉􀂉 Companies investing  Rs.  100 crore or more in plant and machinery during the

period 1.4.2013 to 31.3.2015 will be entitled to deduct an investment allowance

of 15 %  of the investment.

􀂉􀂉 Incentives to semiconductor wafer fab manufacturing facilities, including zero

customs duty for plant and machinery.

Savings

􀂉􀂉 Need to incentivise greater savings by household sector in financial instrumnets.

Following measures proposed:

􀂙 Rajiv Gandhi Equity Savings Scheme to be liberalised.

􀂙 Additional deduction of interest upto  Rs.  1 lakh for a person taking first

home loan upto  Rs.  25 lakh during period 1.4.2013 to 31.3.2014

􀂙 In consultation with RBI, instruments protecting savings from inflation

to be introduced.

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