For the farm sector
agro-processing: Tax deduction of 100 per cent of profits for five years
rural equipments: Tractors, dairy machinery and hand tools exempted from 16 per cent excise duty
agri-credit: A task force to suggest reforms in the cooperative banking
income insurance: A pilot project insuring farm income in the rabi season in 19 districts to be extended to the kharif season
palm oil imports: Customs duty raised to 75 per cent to protect the domestic oilseeds market.
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