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| Surfers' comments |
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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 |
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 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%. |
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 Motilal Oswal, Chairman and Managing Director of Motilal Oswal Financial Services says the Finance Minister was uniquely positioned to present a landmark Budget. |
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 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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| Calculators |
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| Union Budget 2008-09 » Story |
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| 'Rising rupee remains a concern' |
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| Indo-Asian News Service |
| New Delhi, February 28, 2008 |
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The strengthening of the rupee, which appreciated about 14 per cent against the US dollar in the last one year, had adversely affected Indian exports, the Economic Survey for 2007-08 confirmed on Thursday.
"In the current year (2007-08), however, there was concern about the impact of dollar depreciation and rupee appreciation on exports," said the annual survey tabled by Finance Minister P. Chidamabaram in the Lok Sabha.
"With almost 70 per cent of India's external trade invoiced in dollars, any change in the dollar's rupee value has a disproportionate effect on the various stakeholders in the rupee's external value such as importers, exporters, borrowers, lenders and consumers of imported goods in the short run," the survey pointed out.
India has set a target of achieving $160 billion exports in 2007-08. However, according to Commerce and Industry Ministry officials, the country might miss the target.
According to the survey, India has already achieved 70 per cent of the export target during April-Dec 2007, achieving a level of $111 billion.
Sectors such as textiles and handicrafts experienced low import intensity and low export growth, the survey said. |
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| Features |
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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 |
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'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 |
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This is a very good budget, especially for agriculture and education. P Chidambaram is the best.
- By Saravanan P (plsharavanan@rediffmail.com) |
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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 (rilshekar@yahoo.co.in) |
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Please tax the street hawkers and give relief to the salaried persons.
- Rajaram (rajaramghurup@rediffmail.com) |
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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 (jayakaanthan@gmail.com) |
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The budget is sure to augment growth and will also lessen the volatility of the stock markets.
- Sidharth Paul (sidharth.paul@gmail.com) |
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Overall, the budget is satisfactory but the health sector should have been given greater importance.
- Ankit Chaudhary (chaudharyankit1987@gmail.com) |
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| Send your feedback |
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"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".
