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| Fisc on track, but reforms go slow |
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| Modest projections on revenue & spending; India Inc disappointed.
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| India Inc wanted more, much more |
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| CHAMBER MOOD: "The corporate world feels the finance minister lost a great opportunity to reduce taxes," Ficci head Habil Khorakiwala.
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| Budgeting with caution -Video |
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| A 100-minute Budget speech, full of announcements regarding large budgetary outlays, can mask a different kind of reality. As in past years, the finance minister has flattered to deceivebecause the ...Read |
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| Bloodbath in the markets |
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| Shares posted their biggest drop in eight months yesterday on the meltdown in the global markets and the increase in the dividend distribution tax in the Budget.
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| On the MAT; shine off ESoP |
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| INFOTECH: Companies will have to pay increased dividend distribution tax (effective rate 17.25 per cent due to the 15 per cent surcharge)
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| 'We have cut whatever tax exemptions we could' |
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| Under attack for a 1980s-style budget with no great reform message, P Chidambaram defended himself in a brief interview with Business Standard.
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| 'We have done nothing to hurt the growth story' |
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| On rating the Budget on a scale of one to five
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| Great expectations from private players |
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| INFRASTRUCTURE: Focus on speeding up the National Highway Development Programme and Accelerated Power Development project.
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| Tamed fisc raises FM's ambitions |
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| FISCAL DEFICIT: Target for 2007-08 set at 3.3 per cent
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| Net cast wider, rate holds |
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| SERVICE TAX: Goods and service tax to come into effect from 2010, seven new services in tax net.
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| Literacy cess to snip your pay further |
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| INCOME TAX : Exemption limit raised to Rs 1,10,000 . Women, senior citizens to benefit further as exemption limit is raised to Rs 1,45,000 and Rs 1,95,000 respectively
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| Budget in 2 minutes |
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DIRECT TAXES
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| The BS Jury's verdict: 7/10 |
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| India Inc welcomes the thrust on agriculture and efforts to curb inflation, but direct tax proposals cause concern.
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| The big small sops |
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| SMALL SCALE INDUSTRY: Exemption limit for excise duties on small scale industries, service tax raised.
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| Dividend tax plays spoilsport |
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| 2.5 percentage points hike to force India Inc to shell out additional Rs 1750 cr.
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| North-bound capex gets 10.35% injection |
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| CAPITAL EXPENDITURE: Bulk of the capital expenditure is accounted for by defence, home affairs and road transport sectors.
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| More money flows to get water to crops |
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| IRRIGATION: Outlay for state projects sees 54% jump.
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| Farm yield gets an R&D push |
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| AGRICULTURE: Total allocation for the sector for 2007-08 is Rs 8,558 crore, 15.7 per cent higher than the revised estimates for 2006-07.
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| Right recipe, but wrong preparation |
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| FOOD PROCESSING: The excise exemption to instant mixes is an eyewash, as the market size for such products is small - not more than Rs 20 crore.
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| Big shopping for armed forces |
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| DEFENCE: 11.6 per cent hike in the Defence Budget sees the IAF and Navy get Rs 10,200 crore and Rs 1,965 crore, respectively, to buy aircraft.
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