Union Budget 2009 - Whats Your Say !?

prakash_dudes

Please read the attached file...

It will give you clear picture of budget !!!

Prakash...

patel.tapans

Hi,

Well budget reflects the duties and taxes, to be lavied. Hence, the product we buy (especially imported, like LCD, Laptop, etc.) are subject to such duties and taxes. Also gov. defines the rates for institutions like ECGC - what determines the prospective export growth opportunities.

This time budget focused more upon the infrastructure development.

- Tapan

sabvarma

Does not seem to be an 'Aam Aadmi' budget

sabvarma

Trapped between a stuttering economy and a spiraling deficit, India's newly reelected government of Prime Minister Manmohan Singh decided on July 6 to toe a middle path, with Finance Minister Pranab Mukherjee presenting a budget that disappointed an over-eager stock market and provided little clarity on the future of reforms that have driven the country's economic growth in the past. Instead, the government decided to tinker with tax rates, pledge increased spending in infrastructure, and borrow heavily from domestic markets to spend in rural areas, which make up more than 60% of India's population and 46% of its gross domestic product.

***kartik***

The sentiments towards Union Budget seem to improve. Corporates have appreciated the budget at the post budget meet held by Hon Pranav mukherjee with FICCI.

Market price is not the only determinant of how good the budget is and we should realise that the budget was aimed at giving more purchasing power to the "Aam Aadmi" which inturn will fuel consumption and the economy at large.

Listening to one of the Private Equities on CNBC made me realise that the foreign players will still invest in Infrastructure projects in India as a lot needs to be done on that front to create a developed nation. India is among the few countries that is having a strong GDP growth rate and the FM's statement of targeting 9 % growth rate is definitely a positive sign.

jimmy021

Well dont forget it gives relief to people whose taxable income is more than 10 Lacs .. so cant say its mainly for farmers ..

power sector is enjoying the priority

student_tybms

the focus seems more or rural india. lot of money has been spent on job gaurantee and bharat nirman. farmers benefit from Rs 38000 cr credit flow, croap loans at subsidised rate.
big boost to rural healthcare
tax breaks to agro based industries