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can we get cancelled rs 100 facility and opt for cghs facility.what is the new limit for leave encashment.kindly reply....
Have a chat on the new Bandra-Worli sealink...
harshad what is meaning of addressing ur this message to me ???? i didn`t get ??...
FM has not given out the true picture. There is more to it than the eye can see. ;)...
i wandt idea sim pls give i m in chennai...
I agree with you. Without the Left parties to pressurise hom, the FM could have been more bold and introduced radical changes. However he has chosen to give some sops to salaried class and at the same time he has taken away more than he has given by putting onus of tax on perks on the employees.
Further he has taken away FBT and CTT but has increased MAT. Petrol & diesel prices were raised just days before the budget.
He has also not mentioned anything about APM decontrol, FDI in Insurance, and so many other areas where the market was expecting changes.
All in all a very uninspiring budget which has put paid to the high expectations raised by the markets....
excellent budget
**********
ure all points are valid...
Yes lot of positives are built in the budget if we read the fineprint in between the lines. Market needed excuse to correct and post budget correction have happened which is good for the market. Slowly weker hands shall be out and stronger hands shall take market to cross the current high to sustain in order to resume the bull run....
it is a aam FM budget.....
yes u r right, he has done so many things without doing any thing to most of it. this budget is worser than co=alition govt`s budget.. despite having no pressure from any one... much hyped and low performed event......
This budget was expected to be a bold economic statement from a govt which has been formed with a comfortable majority and which would have attracted the attention of foreign investors, both FDI (foreign direct investment) and FII (foreign institutional investment). But it seems that the FM chose to play politically safe (perhaps under the pressure of leftists within Congress and UPA) and gave a rather bland speech which was packaged just like a 1980s budget speech, as Samir Arora put it.
If you analyze carefully, there are lots of positives in the budget, e..g.
1. Continuation of the fiscal stimulus. i.e. low excise and custom duties (as a result, fiscal deficit remains high, but had he reversed the stimulus, we would have complained that since developed economies are presently not bothered about deficit, why should we?).
2. Abolition of FBT and CTT.
3. Direct tax relief for individuals earning 10 lakh plus.
4. Not touching the currently well-functioning STT and Capital Gains regime (though he could have made STT a TDS rather than an expense).
5. Not touching Dividend Distribution Tax and making it taxable in the hands of the receiver. (In fact, any changes in these two provisions, STT and DDT, (as indicated in the Eco Survey) would have been considered highly unfriendly to the market and should not be done in future as well).
6. Probable retrospective tax relief to Reliance, though I am not very clear yet.
7. Some positive clarification for plantation companies as regards their tax treatment of depreciation and WDV.
8. Increase in threshold limit for payment of advance tax and wealth tax.
Apart from the above positive provisions, the big positive picture is missing and that is the negative about the budget, the packaging part of it.. In fact, the budget is negative, not for what it says but for what it does not say in the policy statement.
1. Bold announcements for disinvestments were missing. Some innovative ideas could have been thought of for disinvestment. A good idea by Ramesh Damani on TV was to allot 25 or 50 shares of BHEL, NTPC etc at a 25% discount to all the owners of mobile phones in India, thereby inviting them to participate in capital market, asking them to open demat a/cs etc. An innovative ad campaign could have been launched for this.
2. No announcement about FDI in insurance, retail or aviation (it is badly needed in aviation), apart from the usual leftist proclamation that the character of PSU banks and insurance cos will not be changed. Not bold enough.
3. No announecement on decontrol of oil pricing. Decision was left to an expert committee and oil minister.
4. Increase in MAT rates from 10 to 15%.
Probably all these things will be done stealthily in due course but had they been announced in the budget, it would have welcomed as a big bang budget. Hence my conclusion that the FM has chosen to be politically very cautious, perhaps needlessly so. The mandate this time was for a bold, visionary and creative budget which would have attracted foriegn investment and boosted domestic confidence, but it has turned out to be pedestrian due to lack of political boldness and courage.
* One issue which has hurt me personally and many other investors is related to the CBDT circular giving discretionary powers to the ITOs for deciding whether the income from selling shares is capital gains (STCG/LTCG) or business income. This has led to lot of corruption and unreasonable blackmailing from the tax officials. I have treated my income as capital gains for more than 25 years consistently and suddenly one commissioner challenges it and then calculates the difference in tax and asks for a cut. This circular needs to be withdrawn immediately. A better way would be to give the option to the assessee to decide how he wants this income to be treated, with a condition that whatever he decides has to be followed by him for next 5 or 8 years consistently. This will end the disputes and also the corruption resulting from the discretionary powers to ITOs....
The market has been beaten severally - either due to Budget impact or global warnings - loss of employment, no or low monsoon;
Will anyone in the Govt be accountable for such volatility - May 19 - from 3600 went to 4600 and now 3970; govt announces various stimuls packages and relief funds - Are there any such funds available for retailers - small investors and traders involved in the market???...
It seems FM not only a political pundit, but also a very good speculator in trading - FM and his caucas might have done huge shorting just before presenting the budget, and yesterday must have squared their positions - their profit might have gone to Swiss bank way!!!!!!
What an achievement - FM brouhgt down the market from 4600 nifty to 3960; and he would not allow the market to go down by another 3 to 5% from Monday;
a JAI HO budget for FM`s speculative trading!!!!
Bull market players might wish to seek replacement of the FM - probably Montek to fill in...
i have a buy mundra port last 1 year Rs.864 qty 50 of 45000/-and i m not earning by no one rupees from this share we all are investing for earning but mundra loosers such buying of currunt price.so plz u can see the all investers buying price and our profite site...
if your question is by pranab mukerjee, then the answer is no. if fm would be like lungi then something far better than this budget could have done, because pr.muk is not having mind to set budget like those. i think he should immediatelly be replaced in the interest of indian economy. thanks....
