Similar to the Railway Budget and Economic Survey, this Budget has clearly spelt out the long-term target for the economy. The government plans to sustain a growth rate of at least 9% per annum over an extended period of time.
The debates on whether or not the Budget presented by finance minister Pranab Mukherjee can be termed as a missed opportunity or the one devoid of any big-bang divestment announcements notwithstanding, analysts view it as one that is balanced, especially against the backdrop of ...
The Budget for the current fiscal year is an inclusive, transparent and an honest one. Overall continuity in the allocation of public money is the focus for the finance minister.
The Budget seems to be a well balanced with emphasis on education, health and employment. The government has shown foresight by provisioning to keep the banks and insurance under public sector control under the present recessionary scenario.
The Budget was one of the most anticipated in recent times. At the very least, there was an expectation of an articulation of a longer term vision that went beyond the presentation of the fiscal accounts.
This Budget 2009-10 must be looked at against the larger backdrop of the unprecedented global economic crisis. Finance minister had to do a fine balancing act between fiscal compulsions and the need to provide continued stimulus to the economy.
The Union Budget 2009-10 is a positive forward looking statement of intent though it suffers under the weight of high expectations, some of it raised by the economic survey.
Six weeks have lapsed since the surprise result of the general election. India’s democracy again proved more remarkable than most. Its electorate chose stable governance over communalism, communism, and crypto-fascism. In the aftermath of their debacles the BJP, Left and rump pa...
The Indian direct tax law, na-mely, the Income-tax Act, 1961 has remained unaltered since the last full Budget announced in February 2008.
The key pre-budget hope is that the UPA will undertake tax amendments that will enable the following:
In about two week, finance minister Pranab Mukherjee will present the Budget for 2009-10. It would be his first full Budget after a gap of 25 years. While presenting this Budget, Mukherjee will be confronted with large demands on expenditure for fulfilling the promises made in t...
The flamboyance of former railway minister Lalu Prasad gave way to a rather...
