While this may sound heretical, remember the FM can always say that if you are making profits, you should not mind sharing it with the government. The boldest move the government can make is to start taxing agricultural income. The people who protest against our poor farmers will cry shrill but at the end of the day the poor farmer will not pay taxes. It is the rich farmer, the farmhouse owners and their ilk who will have to start paying taxes. Given by the utterances of Mr. Pramod Mahajan and others, the government is unlikely to impose any major tax on software exports.
All surcharges are likely to be retained.
He may make certain announcements. At least he should lay out a three-year road map to reduction of subsidies. May be he should make a beginning by capping it at FY00 levels. Plus there is the additional expenditure on account of Kargil war. It cannot increase import duties any further.