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Surfers' comments
The threshold limits on tax need to be increased and tax rates should be spread across more slabs so as not to hurt the salaried class. - Jayaraman

The I-T exemption for men should be Rs 1.8 lakh. Rs 1.5 lakh is peanuts. - Naveen Kumar
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Expert comments
Gaurav Taneja,
Partner & National Tax Director says the Finance Minister has stressed on buoyancy in tax collections and on attaining a Tax—GDP ratio of 12.5%.
Motilal Oswal, Chairman and Managing Director of Motilal Oswal Financial Services says the Finance Minister was uniquely positioned to present a landmark Budget.
Srinivasa Rao, Partner & India International Tax Leader, Ernst & Young is of the opinion that Union Budget has lived up to the populist trend.
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Please tax the politicians, large farmers, street hawkers, paanwalas, nukkadwalas and chaatwalas as they earn more than a first class government officer. By the way, income tax exemption should have been up to Rs 2.5 lakh for the salaried class. There is need to give relief to the salaried class and impose more taxes on the business class.

- By Virendra Singh Chauhan (

The threshold limits on the tax need to be increased and the tax rates should be spread across more slabs so as not to hurt the salaried class.

- By Jayaraman (

It is a good budget for the salaried people who are genuine tax payers. But Chidambaram has to think about reducing housing loan interest and increasing Sec.80 C limit to 1,50,000.

- By Ilesh Kiritkumar Shah (

The IT exemption for men should be Rs 1.8 lakh. The exemption of Rs 1.5 lakh is peanuts.

- By Naveen Kumar (

It is a good budget for farmers and people with sound educational background.

- By P. Balasubramanian (

The budget will provide some relief to the salaried people and small farmers.

- By Suresh Mahershi (

It is good to know that the budget talks about reforms in the agricultural sector. Thrust on education and infrastructure is a welcome step.

- By Dr. Nikhil Saket (

A good budget for all, but something more was needed for the aged and the elderly.

- By Sahil Arora (

The budget is common-man-oriented, of course. But it is frustrating to note that there is no mention about interim relief for the salaried class, especially Group C and Group D employees.

- By Partha Bhattacharya (

Though election-oriented, the budget deserves all praise. However, the finance minister has not tried to curb educational expenses by providing tax exemption. He is very much aware that tuition fees have gone beyond one lakh rupees in professional colleges. Similarly, standard deduction should have been brought back.

- By N. Kalyanasundaram (

Thanks to P. Chidambaram This is good budget.

- By Babu Joseph (

This is a very good budget, especially for education. P. Chidambaram is the best finance minister.

- By Unnit Upadhyay (

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Sector Analysis
Negotiating a rough patch
Demand growth is expected to be buoyant driven by new vehicle launches, likely softening of interest rates and continued growth on the export front.
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Railway Budget
Lalu presents people's budget, slashes fares
The minister announced launch of several new trains and reduction in fares across all classes amid chaos by Opposition in Parliament.
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A budget for Bharat
Buoyant tax revenues a lower fiscal deficit and an economy that's in top gear permit the FM to pump big money into agriculture and the social sector. Those efforts might help at the hustings, too.
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Economic Survey
'Expand telecom infrastructure, R&D'
"With rapid growth of telecom network, there is a need to further expand the infrastructure and research and development," the survey said.
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Surfers' comments
This is a very good budget, especially for agriculture and education. P Chidambaram is the best.
- By Saravanan P (
If you can waive Rs 50,000 crore for farmers what about the tax on housing loan interest? That should also have been reduced.
- Chandra Shekar V (
Please tax the street hawkers and give relief to the salaried persons.
- Rajaram (
This is the worst budget the finance minister has ever presented. The backbone of the country's economy is the transport but he completely missed it out.
- Jayakaanthan A (
The budget is sure to augment growth and will also lessen the volatility of the stock markets.
- Sidharth Paul (
Overall, the budget is satisfactory but the health sector should have been given greater importance.
- Ankit Chaudhary (
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Business Today's Budget edition
Editorial: Predictably populist budget
Special: Something for everyone...
Column: All for the common man
Exclusive interview with the FM
Maintaining the growth story
The Finance Minister defends Budget 2008 and the Rs 60,000 crore loan waiver doled out to farmers in an exclusive interview to Business Today's Sanjoy Narayan and R Sridharan.
"Total reduction of excise duties by 2% will give a welcome boost to the manufacturing sector. Also, the exemption of specified parts of set-top boxes from customs duties is commendable".
- Rakesh Bharti Mittal, Vice Chairman, Bharti Enterprises
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Beginner’s guide to budget
Union Budget is an estimate of the Government of India's revenue and expenditure for the end of a particular fiscal year, which usually runs from April 1 to March 31. Read on...
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