OPINION
EDITORIAL
A radical tax
IT IS NOT often that a finance minister in a democratic polity is given to bold experimentation on tax measures. Such indeed are the pressures from various interest groups that he prefers to resort to some tinkering with the existing structure to ...
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BUDGET
For the poor, the hungry and the driven
Political leaders must care to know what it takes to push for fulfilling the dreams of children of a lesser God. The Finance Minister, Mr P. Chidambaram, has acted here and now with conviction and optimism. He has grabbed the opportunity to show tha t he knows what it takes to provide substance and traction to the dreams of India's children, says G. Ramachandran.
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A thrust for agriculture investment
THE Budget seeks to provide a big push to investment in agriculture and social infrastructure (health and education), and emphasises that the Government will have to play the role of facilitator in this regard. As for agricultural growth, the ...
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Dynamically pushing the growth rate
THE emphasis of the Government has been to build up the social and physical infrastructure which is lacking in non-urban areas. Providing adequate water for both personal and agricultural needs has been characterised as the Finance Minister's ...
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An exercise to please all UPA constituents
Even the Prime Minister, Dr Manmohan Singh, was critical of the pubic-private partnership proposed by the NDA Government leveraging Rs 2,000 crore of public outlay to create investment of Rs 60,000 crore for creating world-class convention centres an d modernisation of airports.
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Balancing growth, stability and equity
THE Finance Minister, Mr P. Chidambaram, has presented a balanced Budget, given the constraints arising from differing political ideologies of the parties constituting the United Progressive Alliance. The Budget nonetheless draws heavily from the ...
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Ad hoc and selective in both tax and expenditure
THE Finance Minister should be commended for attempting to contain revenue and fiscal deficits at 2.5 per cent and 4.4 per cent of the GDP respectively for the year 2004-05. This is significantly lower than the ...
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Reassuring and bold
THE Budget is reassuring and Mr P. Chidambaram needs to be congratulated for his bold initiative to increase sectoral caps in telecom, insurance and civil aviation. He has also sincerely attempted to tackle the problems in agriculture credit, ...
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Hidden hand behind Budget
THE simple question to ask is: Whose Budget was it? On the face of it, what the Finance Minister, Mr P. Chidambaram, presented to the nation on Thursday was the Union Budget for 2004-2005 drawn up by the UPA at the ...
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Apt focus on power, water
WHILE the Budget 2004-05 broadly lays emphasis on such critical areas as agriculture and fiscal aspects, it has at the same time, clearly recognised infrastructure as an important ingredient for growth. The intent of `Electricity for all' and ...
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TAXATION
Budget 2004: Equity estranged
SHOULD tax rates and the income-tax law, especially with regard to assessment and collection of taxes, be tinkered with by every Finance Minister? Mr Jaswant Singh brought in the first Finance ...
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Company can be punished
THE Budget has not changed the basic corporate tax rate. The only additional burden will be the 2 per cent cess which is to be levied across the board on the total corporate tax payable, including surcharge. ...
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