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A tough financial math ahead for Chidambaram


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nitmohan
It is a shame that common basic needs are sold by the government
by nitmohan on Aug 09, 2012 11:16 PM

It is a shame that common basic needs are sold by the government in public places.Even for easing and for urinating you have to pay in Railway stations and bus stands.This is our government.

When a railway or bus ticket is purchased by a person, he should be eligible to get every basic need of human being irrespective of his status, till he completes his journey. Even in Hotels, restaurants,Public malls people are required to shed money for relieving themselves which is beyond the control of humans in this world including world leaders.

Please make it a point that public will recognize politicians as their leaders only when basic facilities are provided free of costs through out India irrespective of the status of a person at each and every nook and corner.

Even in Railway Stations and Bus stands, they are looting public in the name of providing parking facility to public.Shameless government with useless leaders


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salu malu
PC ON CAT & MOUSE
by salu malu on Aug 09, 2012 08:48 PM

I notice that many people blame Mukherjee & in great expectation from Pc.But as long as corruption is not rooted,no FM can do much.Even Pc himself is under glare of court & public.I wonder how he can deliver !

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Bhagwan
Revival...
by Bhagwan on Aug 09, 2012 02:49 PM

I have a solution to the problem based on the past experience… Guys I have to be cruel only to be kind.I.e. some harsh and unpleasant decisions have to be taken..What is the meaning of above…O yeah its like the poor and the middle class have to be prepared to receive further blows to their pocket. I.e.
Lending rates have to be decreased…to showcase the increased industrial production. But that will bring down the rates on fixed deposits which is giving cushion against inflation…donot worry people will have other option in share market…..but that is risky……but share market is my favourite also…no pain gain.
Other measures include
Increase the rates of taxes particularly indirect because that will not spare the poor even. Increase the prices of food and other essentials..Increase the prices of housing…my another favourite…at least double it…that will add up to GDP.
Allow and attract the FII in share and bond market…and FDI in retail…as the prices of food products are rising due to so called drought (As after the official declaration of drought…the rains are spoiling it in Himachal, Gujarat, MP, Maharastra, Odissa, Bengal etc.), the foreigner will have huge profits.
At the end of the year the report will show the revival and win kudos if not from people at least by our own media


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Moize Ramani
tax
by Moize Ramani on Aug 09, 2012 01:32 PM

it is nice to read that the fiscal dificit has reduce from 5.7% to 5.1%.defecit is basically expenses is more than income.the tax revenue has increase by 22% as service tax is increase from 10.3% to 12.36% which is part of indirect tax and people can afford to pay that money like chartered accountant client,students paying fees to coaching classes or client of lawyers.oil product subsidy of 43000 crore is huge.this is major ingredient in fiscal deficit as expenses exceeds income of government.if this subsidy is removed than the inflation would increase by 2.6%.i feel just like in bus and train or in college fees there is concession to middle class or lower class the same way petrol and diesel and cooking gas and ration shop for food grains should be cheaper to poor people and expensive to rich people as they can afford to pay.the goal is to tax rich people.to refund the excess tax early as the amont is in lakhs and crores and there is intrest on refund.also income from telecom spectrum will reduce the deficit.

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Moize Ramani
tax
by Moize Ramani on Aug 09, 2012 01:32 PM

it is nice to read that the fiscal dificit has reduce from 5.7% to 5.1%.defecit is basically expenses is more than income.the tax revenue has increase by 22% as service tax is increase from 10.3% to 12.36% which is part of indirect tax and people can afford to pay that money like chartered accountant client,students paying fees to coaching classes or client of lawyers.oil product subsidy of 43000 crore is huge.this is major ingredient in fiscal deficit as expenses exceeds income of government.if this subsidy is removed than the inflation would increase by 2.6%.i feel just like in bus and train or in college fees there is concession to middle class or lower class the same way petrol and diesel and cooking gas and ration shop for food grains should be cheaper to poor people and expensive to rich people as they can afford to pay.the goal is to tax rich people.to refund the excess tax early as the amont is in lakhs and crores and there is intrest on refund.also income from telecom spectrum will reduce the deficit.

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