I am unable to understand what the Hon'ble Minister is thinking. Is he thinking that the service class people are making money through illegal means and not paying tax properly. Since the prices of commodities, school fees, conveyance expenses are sky rocketing worse than ever the common man is facing cash crunch and the Hon'ble Minister has not provided adequate relief by way of exemption increase. Definitely he will be removed from Ministry of Finance by Congress and Dr. Manmohan Singh should handle this ministry by himself.
RE:I doubt Mr. Chidambaram is the worst Finance Miniter in the History of India
by Ashish Kumar Subba on Mar 02, 2007 02:37 PM Permalink
the worse budget i have ever seen
RE:RE:I doubt Mr. Chidambaram is the worst Finance Miniter in the History of India
by ramachandran nair on Mar 02, 2007 03:05 PM Permalink
You are not to blame FM, for this is a world phenomenon. Inflation is every where. In other words cost of living is very much on the higher side taking into account the growth factor. The common man is concerned with the high rocketing prices. Due to this, he is unable to meet both ends. The government, in particular, FM should initiate forthwith remedial measures to arrest this trend. He has done something already but needs to be done further to bring down the prices of essential commodities. The allotment of funds made for various schemes would ultimately go to the pockets of politicans, I mean major chunk of money.
Mr. Shanbhag has excelled, as always. Sharp and detailed analysis!
I am particularly impressed with the analysis of the treatment of DDT on Liquid Funds. They remain ever so attractive!
A decent budget, which with proper implementation should lay the ground for the next phase of growth (rural infrastructure and education), setting the 'trickle down' in motion.
RE:What is MAT all about?
by Amitabh on Mar 03, 2007 02:21 AM Permalink
there are many companies that have profits and are paying dividend to the shareholders but because of various exemptions provided in the tax laws,do not pay tax.To plug this loophole,it has been provided that where the income tax to be paid by a company is less than 7.5% (10% in this budget) of its book profits,7.5%(10% in this budget) of the book profits will be treated as tax to be paid by the company.
As we all know that the basic exemption has been raised by Rs 10,000, which is just a eye washer as the education cess has also been increased. To conclude there is no relaxation to the middle class salaried sector. This middle class has no option, as no one is going to listen to us as they are the prime targets every year. Now I would like to ask our FM is he taking any action against those politicians who are getting richer every year by saving loads of black money taken out from the pocket of middle class? Unfortunately they have no solution to it as the whole system is corrupt from Top to Bottom, which is one the big threat to our country.
RE:RE:Any thing on Home loan
by ismail shaik on Mar 02, 2007 03:03 PM Permalink
I received a letter from LIC towards House Mortgage Loan by increasing upto 11.75%, which resulting two additional instalments of Rs.17,000/- each I will have to pay . During NDA govt. the interest was charging to me 7.25%. U can see the difference between UPA and NDA governemnts.The LIC mention their helplessness about the increase in rate of interest.(Ismailsk)
