FBT,CTT,STT HAVE BEEN ABOLISHED IN THE CURRENT BUDGET, THIS POLICY WLII HAVE TO INSIST ON INCREASING FLOW OF CASH RESOURCES IN THE MARKET WHERE FOR IN A RESULT THERE WLII BE A CHANCE OF INCREASING AN INFLATION RATE ONCE AGAIN,BECAUSE ECONOMICALY DEVEALOPED PEOPLE WILL BE PROMPTED TO DEMAND IN DOMESTIC MARKET EXCESSIVE THAN NORMAL GDP. SO FLOW OF CASH RESOURCES GOING UP IRRATIONALY IN DOMESTIC MARKET, IN A RESULT VALUE OF RUPEE WILL BE LOWER IN INTERNATIONAL MARKET, SO LOCAL, NATIONAL,INTERNATIONAL MARKETS CAN NOT EXIT IN THE SAME LINE, THERE WILL BE INCREASE IN GAPING IN BETWEEN THEM THAT WILL BE SHOWING A LOWER PRODUCTIVITY. SO TAX REFORMS MUST BE FLEXIBLE IN KEEPING ABREAST WITH THE LATEST CONDITION IN THE MARKET
Re: Surjit ! Can you relate with agonies of an AAAAM AAADMI
by raj on Jul 07, 2009 05:46 PM
In India high education fees and Bus fares, are cheapest in the world. In which country u are staying is it Somalia.
Re: Re: Surjit ! Can you relate with agonies of an AAAAM AAADMI
by Arijit Ghose on Jul 07, 2009 06:56 PM
Dear Surjit, please compare by income... not by countries...
Congress Govt has raised the salary of official too much before election. Now thye are not in position to bear this. There fore FM has not given any benefits to corporate world as this is their main source.
Last four years we have seen that govt is constantly pruning the economic regulations.Disinvestment/investment is not one time event but on going process.Supporting rlys or AI and sale of equity in certain PSUs is almost aroutine business.
Re: Budgets are no more a event
by arungopal agarwal on Jul 07, 2009 12:24 PM
Because it is tax payers money, no one is bothered.In private, no one funds without your income.
The FM has tried to presented a Budget out of political compulsion. Itis true that every one cannot be satisfied but some one must. Here the government is satisfied. The fiscal defecit estimated to be 6.8% is not a conccern for more but in fact this figure is distorted. What the previous planning had been and what the economic surrvey said - all have been kept aside to be opened up within Next Six Months. the defecit figure will go upto 13% and every one will see it. Now, Who will be blamed you know ?? It will be GLOBAL RECESSION, GLOBAL SLOW DOWN. The GOvernment will come with comprative figures of GHANA, SRILANKA, PAKISTAN, KENYA,and so on.
I also agree that it is not only the Tax proposal which keeps every one happy.
The Budget says a lot of money is being pumped in to Rural Development, Constuction of NAtonal Highways etc and thus domestic demand for steel, sand and cement will grow and thus employment will increase. Are you fooling Mr. FM. Give us some thing which suits appetite.
Re: BUDGET-2009
by arungopal agarwal on Jul 07, 2009 12:19 PM
FM has not taken any step to curb govt. expenditure, no effort to reduce the salaries and perqs. of its servants, expenditure on politicians and cost reduction measures. He is to be punished for such loot by way of huge deficit financing.
