<$BlogRSDURL$>
My tweets

    Site Feed - Site Feed

    My other writings
    Cricket 24 x 7
    Jaagruthi
    Yahoo! 360
    Mayajaal
    My Bloglines
    My 43 things
    My LinkedIn
    My Facebook Profile On Orkut

    Mail me
    About me
    FlickrFlickr Feed

    Yahoo! Search



    Baakiyon ke blog
    Badri's Tamil thoughts
    Ganesh's Happily Haphazard
    Nitin's Acorn
    Prabhu's Pethals
    Raghu the reluctant Delhiite
    Samanth's blahg
    Sankhya the busy idler
    Srini the movie critic

    Creative Commons License
    Rabble Rousing Random Ramblings by S Jagadish is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.

    March 01, 2005
     

    Chidambaram reveals a play-it-safe budget

    Finance Minister P Chidambaram revealed his budget in Parliament yesterday. One of the main implications of the budget is that the tax slabs have been made simpler and more rational, resulting in tax-payers forking out less in the form of income taxes. Of course, this shortfall will be handled through other taxes, direct and indirect.


    S Gurumurthy from the Swadeshi Jaagaran Manch argues that the budget hides more than it reveals. My guess is that he is still in hiding from the Tamil Nadu police and so managed to find time to dissect the budget. In any case, since it is very likely that he will be arrested on a Friday, he will have a lot more time to think about what Chidambaram came up with.

    Sameer Wagle feels that this budget reflects a changed Chidambaram, in much the same way as Tendulkar's batting has become less risky and more calculated. Ganesh is thrilled about the income tax implications.

    My gut feeling about the transaction tax of 0.1% on cash withdrawals in excess of Rs. 10,000 is that it is one of those features in the budget which is rollback or dilution friendly. I feel that Chidambaram will either decrease the tax rate to 0.05% or increase the minimum limit to anything between Rs. 25,000 and Rs. 50,000, very likely the latter.

    Rambled @ 6:19 PM

    Did you like the post? [ Subscribe to the blog feed - Blog Feed | | ]

    0 comment(s)

    I'd prefer if you posted comments with your real name to add more credibility to your opinions. Obviously comments containing offensive and unsuitable language will be deleted. The opinions in the comments are your own views. You are welcome to provide a URL to your own blog, especially if it discusses issues you find here.

    Post a Comment

    Links to Chidambaram reveals a play-it-safe budget

    Technorati

    Bloglines

    Blogger search:

    Create a Link



    Some of the sites linked in my rants may require registration/subscription. Links within my ramblings open in a new window.
    Some of the links may now be broken/not take you to the expected report since the original content providers may have archived/removed the contents.
    All opinions expressed are mine alone. My employers (past, present or future) are in no way connected to the opinions expressed here.
    All pictures, photographs used are copyrights of the original owners. I do not intend to infringe on any copyright.
    Pictures and photographs are used here to merely accentuate and enhance the content value to the readers.


    Previous Posts
    Mahesh Bhatt wants wife to remove kissing scenes o...

    "The Hindu" publishes letter

    Musharraf reveals near court-martial in 1965

    Loony Left's pressure on Chidambaram's budget

    No plans to do what Jason Kottke has done

    Jammu and Kashmir buried under snow. Where is Paki...

    Earn in the US, retire in India?

    The top 100 gadgets of all time

    40-44 hour weeks for software engineers!

    The various tastes and flavours associated with ch...

    This page is powered by Blogger.