􀂉􀂉 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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