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Dear Boarder,
Do let us known your view.
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There should be a strict discipline in spending budgeted expenditure. There is lot of pilferage. Common man only gets 30%. Rest goes into pockets of distributing channels. Also the quality is very poor. ...
Udayan, patience always pays -no dubt; Pranabda has presented his excellent budget proposals, not yet passedby the parliament ; during the debate some more concessions are expected, and some benefits could be passed on to the corporates when budget passed; and in periodic intervals we could expect some policies would be announced for development; as Pranabda says he does not want to go at one go; we can expect some concessions for the market to move up in the near term; Now it is JAI HO Budget...
Dear pawan,
i think still wait for portfolio building . nifty will come down to below 3500 point in this or next fo series. plz wait....
I am advocate and as just started a firm with few of my friends. It is a small firm we are yet to cross the turnover of one lakh. In this budget the finance minister proposed to add legal services in service tax net. No issue about it. However the fine print states that individuals lawyers or individual customers would be exempt from it. No problem if individual customers are exempt as their disputes are mainly not business related but family or personal related. However the exemption of indivual lawyers from the tax net seems not to have any logic. i know many individual lawyers earning crores of rupees per annum and their are firms like us who are yet to break even. Thus if any bank or any partnership firm has to give work to any advocate he will prefer individual advocate than any firm. Thus by this move governemt is encouraging individual practice at the cost of firms. The formation of firms shows better orgainsation. Thus by giving exemption to individual advocates government is taking a step backwards. Further just to save tax firms would start billing the clients in individual partners name than firms name, thus making the whole structure very complicated which is against the government policy of simplification. Further their is no any reasonable differentiation between an individual advocate giving services and few individual advocate coming together and forming firm and giving services. Thus no reason for such a difference treatment. The said tax will really make firms like us uncompetative. ...
Udyan ..it is you and your channels make hype of everything first, sensationalize everything to extremes. Budget is disappointing but not depressing and it is over all OK budget.
Silver lining is it has not anything negatives in it.
Cheers
Donvito...
Mr. Narayanamurthy of Infosys was the only man who stated sometime back that always expecting taxcuts was not the correct way to proceed for infotech companies. Each one will have to put in something in the kitty so that development can take place.
We find that out of the present budget, a substantial chunk is eaten by salaries and pensions of Government Servants.
The ideal level should be 10% or nearabouts should be the expenditure on administration of the total revenues collected. Only then, we can expect some sort of development to take place.
But Civil Services have always have a way of making room for more expenses on themselves. This should be curbed by Government Action and if necessary by an amendment to the Constitution.
Then ten per cent rule is a general recognised level all over the world. The efficiency and effectiveness of a Government can be considered only if this level is maintained....
In stead of blaming the Finance Minister, we must try to help him to reduce the budget deficit If everyone wants stimulus and concessions government borrowings is bound to increase and so is the interest rates The deficit of nearly 7% was expected and still demanding for not raising tax base is not a correct step by the media In the first place the immediate rally of nearly 17% after election results was totally unjustified and we will go back to that levels after the budget I personally hold both print and electronic media creating high expectations and this was made clear by the Finance Secretary in his press briefing as well
The media in general and TV anchors in particular must find ways to increase the tax base and prepare the people to expect higher tax rates to cover the fiscal deficit Almost everyone wants disinvestment in large scale to reduce the fiscal deficit and stimulate the stock market We must remember that Finance Minister is presenting the budget for the country and not for the stock market and few industrialists with vested interests
I have not come across any discussion in the media or by the industrilists how they will help the government to reduce the fiscal deficit by contributing more by paying higher taxes When UK and US could raise tax rates to 50 and 40% media should have taken the cue and suggested to both the industry to prepare itself pay higher taxes till the slow down is over Now blaming the FM for our own fault is not right...
Budget is not what was expected by many and reasons for displeasing such large number of citizens is not understandable by the people in the street/layman. Some attraction should have been there as was expected to some extent or the other. The electorate voted the present set of MPs also may not be happy as it appears to many. The benefits as envisaged by FM may pass on to the poor subject however to the mechanism working on the lines it was formed which is remote by any standard. Let us what will help our country. On education front noting much has been done and atleast the IT companies who are benefited to some extent should have been asked to do something on education front to avail tax benefits announced/extended by one more year. Corporates who are contributing to the employment / Growth are left uncovered for passing on some benefit to encourage them to do better....
dear
i have heard that non Left people from Bengal are like water melon ,Green or black from outside and red from inside.Record tenure of left certainly made then red!even Udayaan is taking red!
we require larger share from agri sector in our GDP forr sustaining 10% growth in coming years and if this budget will help in increasing goods and services for our rurral people, it will be great!
infact i wish to settle after retirement in a rural area where we will be getting bijee-pani--sadak-haspital-law and order & good education rather in metro like Delhi
sks...
The budget presented by FM today is a very good budget. Corporate India have given thumbs up to the budget while market have given thumbs down. Iam with the side of corporate India and fully agree that this budget shall take us to new growth path begining with 7% growth in the current fiscal and therafter aimimg for double digit growth. In fact window dressing was missing in the budget but if you read the budget in between the lines you shall find the contents of the budget is heavily loaded towards strong growth arising out of heavy outlay of plan expenditure which shall take our economy to a new height. The major benefeciary shall be cement and steel sector where we shall see unprecedent growth in time to come. The urban, rural and social spending all together shall enable to build a strong and vibrant India. Iam confident that very soon foreign investors shall realze the strength of the budget and shall return back with a bigger purse of dollars for investing in India to encash the strong India growth story. Three cheers....
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Bazeegar what could be the short term target of nifty 3800-3850 or below that the target of sensex as u have mentioned earlier 10000 that means nifty will be around 3250 or below that when we should start buying as i sell 25% of my portfolio on ur reccomendation...
FM has done rubbish in this budget....
sir,
I think , short term trend is only decide by position of elephant investors.
so i think there is no need to blame on pranav dada.
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After hoping atleast small ticket reforms be in place, this turned out to be a damp squib.... we have no hopes for next 4 budgets also under FM. :-) (if at all he presents)...
