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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 Industry Expectations

Railway budget is silent on the real progress of large projects announced earlier: Vishwas Udgirkar

India Infoline News Service / 02:28 PM , Feb 26, 2011

Dedicated Freight Corridor and has not put in place any concrete proposal to finance and implement these projects

“The Railway Minister has acknowledged that the Indian Railways is passing through a difficult phase financially. However, her Railway Budget has announced a host of new projects such as a bridge factory in J&K, metro coach factory in Kolkata, diesel locomotive works in Manipur, gas based power plant in Maharashtra, passenger terminals in Kerala etc. 


While the announcements made by Mamta Banerjee in this budget are more than welcome by all, there is ample scope to speculate the outcome of her ambitious plans. More importantly because the budget is silent on the real progress of large projects announced earlier such as the Dedicated Freight Corridor and has not put in place any concrete proposal to finance and implement these projects.”


The Author is Vishwas Udgirkar, Senior Director, Deloitte in India (Transport)

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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