This was one of the best budget cause he has done and tried all his level best to widen the tax base and his mission is being accomplished almost. So he has reduced tax in all areas of tax except the Industries. If he reduces the tax there also then were is the money for other developments. So we need cash for development and we need to invest $320 Billion for infrastructure develpoment. I think the money should come from poeple buying cars and trucks and buses they shoudl be taxed cause their vehicle is running in the roads. I think there should not be any tax reduction in the crude oil sector also. Cause this is the main place were india is getting tax. India imports aroung US $54 Billion worth of crude oil from outside the country. And he has done the tax from 2% to 3% for funding secondary education and higher eductaion which is a must for our country. By increasing 1% he is increasing tax of 5000 crores. Good FM, Hats off to HIM
He reduced tax on agriculture and all others there is a reduced tax except industrial tax. so what you say is agriculturist are rich and industrialist are poor??? What is the logic man read the full article please Thank you
Mr.Chidabaram did do any thing for salaried class, nor to the AAM ADIMI, P.M is making mistake by continuing him as F.M. he should be kept minister without portfolio, and Lalu Prasad should be made F.M. as he is the man of AAM ADMI.
RE:Senior Citizens
by Mohammed on May 03, 2007 04:28 PM
He did include it man.. He has done it.. for senior citizens, Read this The deduction for medical insurance premium has been hiked to Rs.15,000 and it will be Rs.20,000 for senior citizens, that is those above 65 years of age.
swami vivekanada said all indians or brother and sister ,like that one of my friend wrote rich becomes richer poor becomes poorer in this budget yes its absoutley true , so tell me one thing why do the current party is acting like that to make so make something worse if not better,sad to say we are indians when does citizen get freedom from current party
RE:hi hemanth
by Rohit on Mar 03, 2007 06:46 AM
How EXACTLY do the rich become richer and the poor become poorer in this budget? -Do poor people now have to pay higher taxes? -Do rich people have to pay lower taxes? -Is the increase in credit to farmers somehow going to make the poor worse off?
Please don't spare any aspect of your ignorance in your response.
RE:RE:hi hemanth
by Amitabh on Mar 04, 2007 08:41 PM
Yes,the rich are becoming richer and the poor are becoming poorer in our system.First of all,the system is so corrupt that there is virtually no percolation or trickle down effect of growth.All the food items like friuts and vegetables are becoming costlier and items of luxury are becoming cheaper.The rich evade taxes with impunity and the salaried class is being crushed.Government is not even sparing the senior citizens.Look at the way the home loan rates are going up,all ostensibly to check inflation,which is not being checked in any case.New taxes like BCTT and FBT are being added but there is no social security system worth the name in this country.
RE:hi hemanth
by Mohammed on May 03, 2007 04:33 PM
Y do you take a home loan if its going up??? dont take it.. They are running banks for profit not for making loss.. So people selected the floating interest rate thats y they have to pay more taxes if they have taken home loans before..
