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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

Telecom Industry’s Expectation from 2012 Budget

India Infoline News Service / 03:54 PM , Mar 15, 2012

All this naturally has a deep impact on the roll out of voice and data services for the common man, specially in the rural areas.

Inspite of the numerous challenges being faced by the Indian telecom industry, the 2012 budget presents yet another opportunity for the government to set some systemic elements right. From a global perspective, the telecom industry in India attracts the highest tax of 23%. Looking in AGR terms, the industry generates revenues of approx. Rs. 122,000 crore, out of which Rs. 28,000 crore is the approx. outflow to the exchequer. This needs to be rationalized on a priority. The telecom industry is clearly getting squeezed on account of such outflows and what makes the situation all the more difficult is the hesitation of banks to lend money to operators. All this naturally has a deep impact on the roll out of voice and data services for the common man, specially in the rural areas. 


Equally significant is the fact that broadband penetration in India stands at just 1% as against the wireless teledensity of 74%. With the national broadband plan envisaging 160 million broadband connections including 60 million wireless broadband connections by the year 2014. There does exist a need to support this growth path. Levy of zero service tax on internet and broadband service would certainly act as a catalyst in this process.


Vsevolod Rozanov, President and CEO MTS India 

Janta's Expectations

Posted By: Riyaz Mumbai   |  Feb 26, 2013 11:03 AM
There are hints of a passenger fare hike but freight fare is likely not to be touched.
Posted By: Riyaz Mumbai   |  Feb 26, 2013 10:44 AM
WE WANT INFLATION RATE LESS
Posted By: deepa Dehradun   |  Feb 20, 2013 06:24 PM
Budget should have something for our area also.
Posted By: Nikhil Mathur Jaipur   |  Feb 20, 2013 03:57 PM
the process of price hikes from various sectors will be continue after the budget ?
Posted By: Kamini Agraval Kanpur   |  Feb 20, 2013 03:53 PM
In Budget, Mr.Chindambaram is the hero in this one act and the nation holds its collective breath as he speaks. Budget don't have to be spectacular or exciting to be significant.
Posted By: Lavanya Rastogi, President - OSS Cube Solutions Houston, Texas   |  Feb 11, 2013 01:45 PM
Be less of an Economist and more of an entrepreneur, Mr. Prime Minister Budget 2013 will come at a time, when the expectations of the aam admi as well as the business wallahs seem to be at the lowest it has been for a decade. Even the diehard optimist and “shining India” backers seem to have accepted the malaise of corruption, social chaos, circus of politics and economic policy paralysis as the New Normal for India. So much so that – any really bold or imaginary move by the bourgeoisie wisemen of GOI may actually catch everyone by surprise enough to send the ever slowing economy into an adrenaline induced shock! If there was one thing I could say our honorable Prime Minister – it would be to advice him to be less of an astute Economist and more of a visionary Entrepreneur. May be you could begin here with budget 2013: 1. Support SME competitiveness by simplifying and supporting expansion of access to credit specially in overseas markets 2. Incentive investment into R&D and Skill building in the knowledge based industries 3. Expand budgetary support for institution of higher learning with real productive partnership with the industry. 4. Make innovators feel welcome – by offering basic sops and a helping hand 5. Invest for the future – in building public institutions that will outlive your generation. As sound as economic analysis with hind sight of 20/20 may be – it unlikely that it will be nearly enough to usher in any change or stimulus with a pace of creative adaptability that the entrepreneurial India deserves so much! Mr. Prime Minister – before you finally hang up your shoes, it’s time NOW for you to choose your legacy. Do you really want it to be about many promises unfulfilled, reforms bungled and believers in you disillusioned ? Or Do you want it to be about Visionary Leadership …that ushered in the Economic equivalent of the Green Revolution? I know it seems so far back in time but there was a time no too long ago when you were credited with “architecting the economically vibrant India” …long before you even ascended to the PMO! After nearly 10 years at the helm, trust me, it wouldn’t really hurt you that much to step up to base and take a couple of courageous swings – if you connect and score a home run – that then will be your legacy, a last hurray! – one you can be proud of and one that you truly deserve. - Lavanya Rastogi, President , OSSCube
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...
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