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Impact
Filing of tax returns may just be a mouse click away, but the queues at income tax offices aren't getting any shorter as people still prefer the good old way of paying taxes.
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It’s another social sector scheme for the UPA's ‘aam aadmi’, but the big challenge before the government is how to plug the leakages that drain the gains out of such programmes.
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Only three days after the presentation of the Budget, the rain gods are weighing heavily on the minds of the finance ministry.
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The Budget was definitely not a please all for several sectors like pharma and shipping. It was a mixed bag for textiles as more excise duty will make polyester, the common man's fabric.
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The growth story of digital TV viewing in India had just begun with DTH players like Dish TV, Tata Sky, Big TV, Sun TV and Airtel Digital crowding the market.
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The Budget may have had a rude shock of the thousands of employees whose pay packet includes Employees Stock Option Plan (ESOP).
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The Budget may have been a winner for some sectors but as far as healthcare and pharma is concerned, it was a mixed bag. The sector's long standing demand for an infrastructure status for hospitals was not even touched upon.
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Barely a day after the Oil and Gas industry cheered, thinking that the Budget has helped them along, it seems a reclassification of rules that distinguish between oil fields and oil wells is causing some headaches.
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Is it much to do about nothing, a day after the Budget? Well, in his first industry interaction, the Finance Minister has been frank about lot of issues.
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In an otherwise gloomy Budget, the one sector that managed to clinch some reason to smile is infrastructure and IIFCL is gearing up to take charge.
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Finance Minister Pranab Mukherjee announced new measures to support the New Pension System (NPS) but will these measures help to re-vitalise the NPS as well as the stock market?
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Finance Minister Pranab Mukerhjee in the Budget has finally set the ball rolling for replacing the age-old Direct Tax code and has assured to come out with a white paper in the next 45 days.
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The annual Budget is over and contrary to expectations. It has been more on the lukewarm side for exporters, who say that it left much to be desired, a reason why they are now pinning all hopes on the foreign trade policy in August.
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The government's decision to keep excise duties unchanged for cigarettes comes as a surprise for India's number one cigarette company ITC.
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Global rating agency Moody's on Tuesday expressed concern on India's high fiscal deficit projected at 6.8 per cent for 2009-10 and cautioned that the situation may become complicated in the absence of measures like clear road map for disinvestment and structural reforms.
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Pages:
"I am disappointed with the Budget.
The shipping and shipbuilding
industry generates a lot of revenues
and employment. But it finds no mention
of the sector in the Budget."
PC Kapoor, Managing Director of
Bharati Shipyard
 
Recession & U
Can Pranab Mukherjee's Budget rescue Indian economy from the devastating global recession?
 
 
 
 
 
Poll
Sectoral Impact
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And they say...

 
Aam Admi Budget

 
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