No tax on personal income up to Rs 7 lakh a year in new tax regime New income tax regime to now be default tax regime PAN will be used for common identifier for all digital systems of specified govt agencies: FM Taxes on cigarettes hiked by 16 per cent: Sitharaman Basic customs duty hiked on articles made from gold bars: Sitharaman Govt proposes to reduce customs duty on import of certain inputs for mobile phone manufacturing: FM Mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fis...