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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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How this budget affects your
daily life: |
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| Union Budget 2008-09 » Top stories |
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| Top stories |
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| Chidambaram likely to present budget for 'aam aadmi' |
| Personal and corporate income tax cuts, excise duty relief and simplification of taxes are expected in the Union Budget for 2008-09, the last full-fledged budget before the next general elections. |
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| Budget may fail to meet economic challenges: Yashwant Sinha |
| The former finance minister does not 'have any expectations' from the Budget and believes survival has become the motto of the present UPA government. |
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| Aviation industry seeks cut in jet fuel prices |
| The Indian aviation industry hopes the Union Budget would reduce the cost of jet fuels, which account for over 45 per cent of operational costs of carriers, the highest in the world. |
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| Budget, economy and the markets |
| Global and domestic macroeconomic events can have a greater impact on your finances than you would think. Here is a quick guide. |
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| Budget likely to give relief to income tax payers |
| The finance minister can give a marginal but visible relief to personal income tax assessees this year, as tax collections have substantially improved over the past three years, sources said. |
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| No fare hike in next Rail Budget, hints Lalu |
| After shaping a dramatic financial turnaround of the Indian Railways, Lalu Prasad says the emphasis of his fifth straight budget would be to reach out to areas still untouched while sparing passengers from fare hikes. |
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| Import duties likely to go down |
| India's upcoming budget for 2008-09 may see some tweaking in the import duty structure, a top official of the Commerce and Industry Ministry said on Saturday. |
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| Left parties not invited for pre-Budget consultations |
| Left parties on Thursday said that they would submit their wish-list on the coming Budget to Finance Minister P Chidambaram through government because they have not been invited for pre-Budget talks so far by him. |
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| Rural development may get more funds this budget |
| Rural development may get substantially more funds in this budget - about Rs 500 billion compared to Rs 410 billion last year, indicated Rural Development Minister Raghuvansh Prasad. |
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| Agriculture, education to get priority |
| Education sector is being given importance as literacy alone could make India a super power, the FM told a public meeting after distributing Congress membership cards to 2,000 people in his Lok Sabha constituency. |
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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".
