External Affairs Minister Pranab Mukherjee has refrained from making any tax proposals or other welfare masures in his vote on account. Has he done a good job within his limitations. Discuss
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DEVANSH SONI
Message #2
02/16/09 02:
46 PM
IT SHOULD CONTAIN SOME TAX EXEMPTIONS , TAX HOLIDAY FOR BUSINESS SECTOR.
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Prawash Chandra
Message #3
02/16/09 02:
51 PM
Given the constraints, it being an interim budget, need to contain inflation & avoid huge bugetary defecit, global down turn; this is an effecient budget.
Not flashy with unnecssary show incentives & tax benefits. In any case Taxation and other fiscal measures can be administered any time susequently, as per the requirements in a global environment whose challenges are evolving and changing.
The impact of the last fiscal measure have to seen & analysed and then a calibrated response should be forthcoming.
Mature handling of the Situation.
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Rohit82
Message #4
02/16/09 02:
57 PM
He Has done an overall good job and has not made any radical changes. This budget does not need to borrow anything not does need to impose unneccasary taxes on people.
India Inc. is disappointed that any radical changes haven't been made but in such a time they should be thankful because he has acted within his limits.
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arkothrud
Message #5
02/16/09 03:
01 PM
It is an interim budget by Interim Govt and by an interim Finance minister.Disappointing.Does not address issue of downturn in economy
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The_guy_next_door2000
Message #6
02/16/09 03:
27 PM
Market seems to think otherwise...so its not a good budget.
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sanjeevkumar
Message #7
02/16/09 03:
34 PM
In the current situation, the budget should have contain some sops like reducing IT maximum rate from 33% to 27% and reduction in excise duty, etc. But nothing is
addressed. So it is not going to help business or government or individual in any way.
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dear.kan
Message #8
02/16/09 03:
42 PM
HotElection being round the corner Pranab has shown restraint from presenting the populous budget. All the Govt.Servants are expecting tax relief but it was not to be. he could have lure them by giving tax relief. Corporate honchos also were expecting the same , but disappointed.Being voted on account no drastic measures taken. NO PLEASE ALL BUDGET.
Reserve your smile for the final budget.
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R Gupta
Message #9
02/16/09 03:
43 PM
THIS HAS BEEN DISASTROUS INTERIM BUDGET.EXTRA ORDINARY TIMES REQUIRE EXTRA ORDINARY ACTION.IT IS BETTER THAT THE PRESENT GOVERNMENT COMES DOWN TO THE GROUND REALITIES OF THE WORLD RATHER THAN LIVING IN SELF GLORY
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reddy2007.blogspot.com
Message #10
02/16/09 03:
47 PM
This is non-event budget. There is nothing special to talk about. The Congress party may be pinning hopes on the next government to put the budget.
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Penta Sheriff
Message #11
02/16/09 03:
48 PM
I think Mr Mukerjee has done nothing for the common man,all the sops are for the industry and not for the guy who is loosing his job
Sheriff
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Raja26
Message #12
02/16/09 03:
57 PM
Not at all a good budget. This is the right time when Indian economy and Indian Industry need support and tax benefits.
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Winch
Message #13
02/16/09 04:
33 PM
Smile ???
Not you or me
It will be P. C. who will be smiling at the discomfort of the New Finanace Minister,
to fidn resources for the additional allocations, fram loan write off, etc. etc.
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Sunyhf
Message #14
02/16/09 04:
34 PM
This is an interim budget, the salient points of which were pre-determined and as expected. To expect anything else, considering the state of the world's economy, is not wise. The government has acted wisely - there is no need to give any SOPs, tax breaks etc., and the focus on ensuring a steady growth rate is what this country needs right now. This is the need of the hour.
The finance ministry can always make amendments during the course of the year. But right now, focus MUST and should be on the growth rate.Smile
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Winch
Message #15
02/16/09 04:
38 PM
Smile ??????????????????
Not for you and me
It will be P.C. who will do all the smiling, at the discomforture of the New Finanace Minister, in trying to find resources for meeting the additional allocations, farm loan write-offs, etc.
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Venkateswaraprasad Venkoba Rao
Message #16
02/16/09 04:
46 PM
My personal wish is that collect tax from companies, association of persons, body of individuals, partnership firms, individuals (and others are already paying indirect taxes!) at least one rupee if they are still showing a loss in their Loss and Profit account/statement. Let us inculcate the habit of paying taxes even if we are at loss situation. Why should we say Pay taxes and keep your head held high only when there is profit. Basement of a building is not known when you see only the building. But without the basement building cannot stand on its own. Let every one pay tax at least one rupee if they are at a loss, exempted categories and the like. It is the citizen who has to uphold his position by paying more taxes as he progresses up the ladder. If he still wants to pay one rupee nothing wrong but still there is lot of scope for him to pay in the days to come with flying colours as a Citizen.
