IBNLive : Budget FAQs

Budget FAQs

The Union Budget is the annual report of India as a country. It contains the government of India's revenue and expenditure for the end of a particular fiscal year, which runs from April 1 to March 31.
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rayaz

The budget is very well balanced and it seems that it's a populist budget but it's a major relief to the struggling farmers affected by the prevailing agrarian debt crisis after the announcement of complete waiver of Rs.60000 crore loan.He should have taken initiative to make big hospitals like appollo accessible to aam aadmi.He should have done something for infrastructure to facilitate faster growth.It was imperative for the Budget to address issues that constrain economic development and to pursue infrastructure reforms with more rigour.The markets, also, seem to be upset with the budget.The budget has proposed a hike in short term capital gains on securities to 15% from 10%.From my perspective the biggest disappointment come in the form of no reduction in corporate tax or dividend distribution tax.

( Posted: Friday , February 29, 2008 at 18:39 )

sadananda sahoo

APPARENTLY VERY GOOD BUDGET. HOWEVER HOME LOAN SHOULD BECOME EASILY ACCESSIBLE FOR PERSONS INCOME BELOW 1.5 LAKH ANNUM.PM SHOULD HAVE TAKEN INITIATIVE TO IMPLEMENT VAT IN ALL STATES. LIKE EXCISE DUTY THERE SHOULD BE NO CST. ONLY VAT TO AVOID THE CUMBERSOME PROCESS LIKE TO ISSUE C FORM AND NOT GETTING CREDIT ON CST.

( Posted: Friday , February 29, 2008 at 16:39 )

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