IndiaInfoline


IIFL Research & Impact Analysis

list Union & Railway Budget 2011-12 Wrap Up: IIFL Research
Check how effective was the budget and its impact on different sectors
list Union Budget 2011-12 - ‘Fiscal consolidation poses major challenge’
With subsidies and expenditure appearing understated, meeting the fiscal deficit target of 4.6% for FY12 will be a major challenge.
list Impact Analysis of Budget 2011-12
Impact Analysis of Budget 2011-12 declaration so far...


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...
View All Finance Ministers >>
Also View:
- Prime Ministers Of India
- RBI Governors
IndiaInfoline arrow Budget arrow Industry Expectations

Consumer must not be taxed or less taxed on basic products: Jaipan Industries

India Infoline News Service / 11:41 am , Feb 25, 2010

Delay in implementation of GST is not a good sign. The FM should implement this in this budget which will be a big boost to the white goods industry.


On micro focus consumer must not be taxed or less taxed on basic products. Like gas burner is a product promoted by govt but is still taxed with excise duty and vat 12.5%. This is a basic necessity product but still taxed very high. Product like pressure cooker is a energy saving product. This product was tax free before but now has excise duty and Vat. At least excise duty must be withdrawn.


Also to boast economy a person must be given income tax exemptions on money spend upto fifty percent of the income he earns. This will boast spending with higher economy growth. Also all the money spent is already taxed by govt in vat and service tax.


Biggest booster to economy is govt spend on infrastructure. Key point is implementation of budget announced. We are very slow and are losing our position globally in infra structure development. If well implemented its one of the largest fund which will push growth in many industry.


The author Atin Agarwal is director, Jaipan Industries Ltd

Janta's Expectations

Posted By: Mishra A K Bangalore   |  Feb 25, 2011 09:09 AM
I expect FM To reduce Wasteful expenditure. Do not spend Money Which Encourage arrogance among Poor through Pampered Poverty by political parties. Poverty Can Not be a right for any one.Expectation has no limit.Do not allow sympathy toward poverty to be hijacker by politicians. Give maximum Budgetary support to Self reliance among who deserves. Poverty is a state of mind Nurture by politics as end use. Desist from spending on non Performing citizen. Give incentive to duty bound citizen. Follow Bihar Pattern To Curb Corruption.
Posted By: DEB KUMAR SUR KOLKATA   |  Feb 18, 2011 11:52 AM
I expect more populist budget than a realistic one. Still there are expectation from industry for more steps toward tax benefit Now there are specific expectations- 1) Anti dumping duty on Chinese power equipment, 2)Encouragement for renewable energy and developing home grown coal mines, 3) Disinvestment more for funding subsidy of OMCs. 4) Duty cut to encourage export of automobile,IT, Pharma and Textile.
Posted By: ashim Mumbai   |  Feb 18, 2011 11:37 AM
there should be no long term & short term tax
Posted By: suresh amreli   |  Feb 18, 2011 10:18 AM
good news for infrastructure in budget 2011 like fund raise permission for long term debt to with infra bond and other resaurses
Posted By: RAMESH LALWANI CHENNAI   |  Feb 16, 2011 08:59 PM
BUDGET MUST BE COMMAN MAN FRIENDLY. LESS TAX BURDEN. BEARABLE INTEREST. LOW INFLATION. SIMPLE. TRANSPARENT. ABOVE ALL, MUST BENEFIT ALL IN EVERY ASPECT. THANKS.
Posted By: pradeep nigam Chennai   |  Feb 16, 2011 11:43 AM
Increase min exempt income slab to provide some relief to the middle class and slash the increasing prices as much as possible. Increase the money at hand for us.
Posted By: dilip patel ahmedabad   |  Feb 16, 2011 10:57 AM
stt must be removed from the stock market.
Posted By: hitesh pariyani ahmedabad   |  Feb 16, 2011 10:49 AM
the prices of essential commodities should come down as everyone is facing much problems with this kind of high prices and low salaries. Also the salaries in broking firms must also be increased and there must be a floor for them. the MASTER DEGREE HOLDERS ARE STRUGLING A LOT IN THESE DAYS DUE TO NO JOBS AND LOW SALARIES. SO GOVERMENT SHOUD TAKE CARE OF THESE MBAs. thanks
Posted By: VENKAT chennai   |  Feb 16, 2011 10:31 AM
TDS must not be collected from Senior Citizens either on thier pension or their bank FDs etc. even if their income exceeds taxable income. anyhow they will be submitting their returns. TDS deduction and sending information by the banks to the income tax department is inefficient.
Posted By: muppurisrinivasulu giddalur   |  Feb 16, 2011 10:20 AM
Extend income tax benefits under STPI Scheme for additional period 3-5yrs for SMEs
Skip Navigation Links.