Union Budget 2009 - Whats Your Say !?

[SamuelLeoFisher]

The FM just wen through the motions...he merely stated the facts out there. Didn't have anything in terms of future planning, disinvestment etc. And absolutely nothing for the urban middle class, a disappointing budget I'd say.

[anupmahajan]

corporates deserved but dint got benifits in these difficult times...hapy to see government came up with innovative schemes for agri sector

[devd313]

I wonder why the market reacted the way it did? It just does not make any sense.

[vijay777us]

Not a public budget, and even before the budget is over, the fuel price hikes have been done which will result in shooting the prices for all necessary comodities.

[thesameer]

Originally Posted by kartik

The Stock Market Tanks as Pranab Mukherjee says its a budget for Bharat



Corporate India not so disappointed says moneycontrol

Nicely captured budget highlights.
Attaching a budget hightlights PDF file.

[nagendransr]

Union Budget is not as per Indian's expectation.
We expected more from it. But there is nothing bad in it.

[vikaspanwar]

Thanks for the good information.

What about the tax rules for new business entity,
Does anybody help me to find out?
Thanks

[sudip2003]

The budget has been a good one this time. The UPA govt's policy is "inclusive and long term growth" rather than short term measures for the corporate world. Saying so, the budget has not been that bad for the corporate sector also with the Fringe Benefit Tax (FBT) being abolished and spending on infrastructure increased. Maybe the expectations of the stock market were too high.

[shubhankar.fore]

Even I think that this is a very routine budget. Nothing special..

[Dineshbhai]

I think it is good that the FBT and surcharge are withdrawn. But the increase in the rate of MAT has negative impact on corporate sectors. Morover, imposition of duty on gold and jewellary and withdrawal of tax on branded jewellary would not justify the different sections of the society. Besides. tax exemption limits should have been increased still further as against it is proposed in the budget in consideration of 6th pay package for government employee.