Upsetting ATM tax

Updated: Mar 1 2006, 07:18am hrs
Its good that this Budget has no hard reforms and is a people-friendly one. It would be a lot easier for the middle-class to afford a car as the prices of small cars will go down. However, nothing much is in store for those wanting to make fresh business investments. And one of the most upsetting parts is the tax on ATMs, which has emerged as a prominent source of monetary transactions.

Pooja Bansal, research scholar, Punjab University

Education gains

The Budget is reflective of the direction in which the economy is going. The amount of fiscal discipline that the finance minister has shown, ie., targeting the fiscal deficit of 3.8%, which is down from 4.1%, is a huge plus. Huge amounts have been set aside aside for the education and infrastructure sector. A major concern is that Mr Chidambaram has not indicated from where he will get the money for investment in the various projects.

Swarup Gupta, student, IMI

Taxing hike

The Budget touches the lives of people from all economic backgrounds. The taxation proposals are growth-oriented. While there are no significant changes in corporate and personal tax, the hike in service tax, from 10% to 12%, is not justified. Its like taxing the common man indirectly.

S K Naganuri, call centre employee

Not unpleasant

The best part about this Budget is that there are no unpleasant surprises. Emphasis has been laid on overall infrastructure development, which makes it a long-term Budget and not one limited to the fiscal year.

Neelu Kohli, housewife