This news may look great. But what about commodity prices in the fiscal year 2012-2013. Government may exempt tax from 160000 to 200000 but what about the costs of daily commodities?
Because government cannot produce money they have to increase again all prices including petrol, diesel, food grains, milk and all other ingredients.
The government of india knows how to bag votes. because by 2013-2014 there will be elections. So Congress now showing some mercy on aam aadmi.
Even God fails to know how to lure aam aadmi but congi knows all this gimmcks.
certainly mean a very long night of winter (tumbling prices) for the real estate sector in India !
Already, tens of thousands of flats and villas are lying unsold or unoccupied in many Indian cities. And a good proportion of them have been lying unsold for several years now !
With the recent series of hikes in the prime lending rate announced by the RBI, the increasingly desperate builders, who have been becoming shriller and shriller with their advts., are all set to face a severe liquidity crunch !
Re: poor people
by P Narayanan on Feb 04, 2011 03:37 PM
What are you saying man! Food grains are rotting at the godowns and Supreme Court has ordered the government to distribute the same amongst the poor when our Food Minister (Pawar) said that grains cannot be given to poor free of cost. Only netas can enjoy free/subsidised food.
This government is making mockery of the people who have given them votes. The govenment has the tagline of "Ek hath se do chaar hath se lo". Directly, our government gives benefits to people, while indirectly, it robs the same people of four times more of what it has given directly. eg. FD rates increased, so people will earn more interest on their FDs, but on the other side, cost of everything has been increased four to five times more than the increased interest.So ultimately, people are losing more even after earning more interest on their deposits.
Dear FM - Please introduce a new bill to allow the companies to give a "Corruption Allowance" to all its employees so the money paid in bribes could be exempted from taxes. After all it is all going to the so called "Government Khata". How long will the tax evaders reap on our taxes? The only people who suffer the most are the people working in listed companies where there is a Hypocritical practice of TDS... Also think about intriducing a bill for Justification of Tax Payment for all tax payers. We are paying so much of tax every year and that is being stashed away in foreign banks and other tax havens... Not sure how long this will be encouraged. At the end of it it is the common man who suffers...
Re: TAX EXEMPTION - Ha Ha Ha...
by Jumbo on Feb 03, 2011 10:05 AM
Rightly said.Corruption should be eradicated from society and we should start from ourselves.
