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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
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| Union Budget 2008-09 » Sector Analysis |
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| Sector Analysis |
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| OIL & GAS |
| Future is where gas is |
| India's growing oil consumption (eight per cent year-on-year) and almost stagnant domestic production has resulted in increasing dependence on imports. |
| LIFESCIENCES |
| Healthy potential |
| India's pharmaceutical industry stands fourth in terms of volume and 13th in terms of value. While it is export driven, the domestic sector has also done well in recent times. |
| POWER |
| In the limelight |
| The year 2007 has seen the power sector gaining momentum. India achieved a capacity addition of 34,000 MW in the 10th Plan, taking the capacity to 141,000 MW. |
| REAL ESTATE |
| Thriving with increased investments |
| The Indian real estate industry witnessed heightened activity in 2007 characterised by massive development, sustained end-user demand and increased interest from international players. |
| RETAIL |
| Space for more growth |
| Driven by strong income growth, changing lifestyles, favourable demographic patterns, Indian retail is expanding at a rapid pace. The retail sector was valued at around Rs 11,000 crore, growing at over 30 per cent year-on-year. |
| TELECOM |
| Talk shifts decisively to wireless |
| The Indian telecom industry is one of the fastest-growing telecom markets in the world. Teledensity is up from 18 per cent to 24 per cent over the last year. |
| TEXTILES |
| Caught in knots |
| The Indian textiles sector has been particularly affected by the rupee appreciation, which has marred the government’s export target of $25 billion during 2007-08. |
| TRANSPORTATION |
| A long way to go |
| Development and modernisation of the transportation sector - roads, ports and airports - remains a top priority for the govt and saw some major initiatives last year. |
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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".
