According to ANMI, the implementation of both STT and LTCG may lead to job losses with no major impact on government revenues.
While some BJP leaders have already talked about such a proposal, its main proponent, Pune-based Arthkranti Pratisthan, today claimed that this system would actually help grow India's tax revenues nearly three times from about Rs 14 lakh crore currently to over Rs 40 lakh crore.
Budget 2013-14 is likely to be more sensible than populist. The previous budget was a disappointment. Considering the current economic scenario, expecting the Union Budget to come out with strong measures and economy boosters to restore confidence and spur growth.
As the Finance Minister puts the final touches to Budget 2012, the debacle in UP and the lack of the government's political strength have made his job even more difficult.
True that Papandreou's vote of confidence has hijacked the purpose of G-20. But thats not just it. France is pushing forward reforms that could affect China and global markets consequentially, Shereen Bhan reports from Cannes.