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Finance Ministers of India

Pranab Kumar Mukherjee
(1982-1985, Feb 2009-May 2009, May 2009-Continuing)

Pranab Kumar Mukherjee is a prominent leader of India National Congress. He has...
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IndiaInfoline arrow Budget arrow Fund Expectations

Govt may unveil measures to fight inflation: Principal Mutual Fund

India Infoline News Service / 04:51 PM , Feb 17, 2011

While fighting inflation is an ongoing exercise for the Government and the RBI, Budget is one event where the Centre can take steps to check spiraling inflation give some relief to the common man.

There are two ways the Government can bring relief against inflation. First, by increasing the disposable income and secondly, by lowering of direct and indirect taxes.

The tweaking of I-T slabs in the last Budget leaves limited room for further lowering of taxes. The Government may have to lower indirect taxes and customs duty on essential household items. While this could affect the fiscal situation, the Centre has little choice but to go after inflation.


We might also see the Government announce distribution of foodgrains at below market prices through the Public Distribution System (PDS). This could have an impact on the market prices of such products.



Sudipto Roy, Business Head, Principal Mutual Fund.

Janta's Expectations

Posted By: Raju S A Dubai   |  Mar 18, 2012 02:00 PM
I do not know why we are still having the archaic system of tax rates, exemptions etc. We should just fix flat tax rates as per the income slabs. This will bring down the tax rates but might ensure better compliance.
Posted By: Manu M Surat   |  Mar 16, 2012 01:36 PM
obiously we are expecting to reach a limit of upto 5lacs Excemptions and further to go on 10%, 20% and 30%......
Posted By: M K BHAGAT BHOPAL   |  Mar 16, 2012 10:35 AM
Being a salaried person a expect to increase tax slab .The tax exemption should be 5 Lac and max tax rate shall be 20% above 10 Lacs.
Posted By: Partha Sarathi Paul Kanchrapara   |  Mar 16, 2012 08:36 AM
Being a salaried person, obviously want to get more exemption....in income tax...tax slab should be increased..as market prices is rising historically...
Posted By: Savitri Gadhwal   |  Mar 14, 2012 02:49 PM
Short Term Capital Gains should be hiked to 20 % from 15 %.
Posted By: Karthik Mumbai   |  Mar 14, 2012 01:28 PM
The government should take steps for acting upon the hindrances caused due to taxes such as VAT/Sales tax for online retailers.
Posted By: MEHUL KOTADIA MUMBAI   |  Mar 14, 2012 12:41 PM
REMOVE DIESEL SUBSIDY ON PASSENGER CARS & BRING BIG FARMARS UNDER INCOME TAX AMBIT
Posted By: Divya Goa   |  Mar 14, 2012 10:12 AM
Currently, Interest on self occupied property: Rs.1.5 Lakh It should be hiked to Rs. 3 lakh
Posted By: Kevin Bhavnagar   |  Mar 14, 2012 10:09 AM
Increasing reimbursement limit for medical expenses from Rs.15000 to Rs.30000.
Posted By: Nandish Nellore   |  Mar 14, 2012 10:07 AM
Allowing deduction for principal amount of Education Loan
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