The following are the major proposals of the Budget for 2012-13 presented to the Assembly by Finance Minister K. M. Mani on Monday.

Levies:

Road tax on private vehicles hiked

Normal VAT rates to go up by 1%

Land tax raised to Rs. 2 a cent

Cigarettes, pan masala to cost more

Taxes on plastic carry bags hiked to 20%

Social security cess on IMFL raised to 10%

Concessions:

VAT on edible oil, several provisions slashed to 1%

Honey, hives, apiary implements exempted from tax

No tax on intra ocular lens, heart valve and cardiac stent

Tax on powdered tamarind seeds goes

Ayurvedic products classified as cosmetics to cost less

Tax on chips, ginger-coffee mixture in air-tight containers slashed

Tax on packaged coconut water reduced to 5 %

Tax on e-toilets, cradles lowered to 5 %

Highlights

Allocations for major infra projects

Rice and coconut bio parks

Ayurveda University at Kottackal

Airports in Idukki and Wayanad

Air strips in every district

Company for sea-plane service

Knowledge city at Thodupuzha

Technical University in the capital

Prisoners’ benevolent fund