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Since one of my businesses is Financial Portfolio Management, and my cleints at present are all individuals, I'll comment from that perpective- though I'd love to have corpprate clients too!
From the individual Tax front, there's not been much change, except that five years plus period Bank Deposits (scheduled banks only) have been brought under section 80C. Note the deposits under Senior Citizens Scheme which give a return of 9% pa, are not, repeat not currently considered under section 80C.

Howver,with regards to Bank deposit, certain grey areas need to be sorted out - What happens if I deposit Rs.1 Lakh in a schedued bank for a period of 5 plus years, but need to withdraw money in an emergency after some time-Will I be penalized for an early withdrawal? What will be the treatment in this case? Will the banks force me to lock in the money for 5 years? How does PC expect complaince - this has not been spelt out in detail so far.

From the other investments point of veiw,dividends from Mutual Fund (MF) Fund of Funds (FOF) schemes have also been exempted from taxation in the individuals hands.

Also PC has played safe and not touched Taxtaion for various investment products such as the planned EET (Exempt, Exempt Tax)-regime for Life Insurance or for PPF for that matter, so investors can heave a sigh of relief for another year or the next twenty or more on taht front, if they choose to

I'd like to inform the readers that as per the present rules and laws if one enters into a contrcat of life insurance today for a period of even a 100 years (an extreme), the rules applicable as on today will also be applicable for the period of 100 years for that contract-so I or my nominees still get the tax treatment as per currrent laws, and not the laws prevalent at the time of death or maturity of the policy. The releavnt rule for individuals is section 10(10D) of the Income tax act.

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