Business Daily from THE HINDU group of publications
Friday, Feb 16, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Budget
"What the readers want"

Priority to agriculture

Agriculture should be given top priority in the Budget. Heavy investment should be made in agricultural infrastructure. Subsidy provided to the fertiliser manufacturers should be paid directly to the farmers. Subsidy should not be confined to the chemical fertilisers alone. It should cover seeds, organic manures, pesticides, implements and power tillers.

Instead of supplying subsidised kerosene, sugar, rice and edible oils to the poor, they may be paid a monthly allowance of Rs 100 per family by crediting the amount directly to their bank account.

The period for capital gain exemption should be reduced from one year to three months. This will encourage investors to switch over from one stock to another frequently. This will result in increased turnover in the stock exchanges thereby bringing more revenue to the government by way of STT. The schemes for developing infrastructure at the local level may be financed by the public directly. The contributions to such schemes should enjoy income tax exemption without any limits. The schemes may be formulated by the government, local bodies or by the approved NGOs. The public would have the satisfaction of seeing their money used for specific projects.

S.R. Perumal, Coimbatore

Clear policy for NRIs

The Government should have a clear policy regarding non-resident Indians instead of making announcements each year during the Pravasi Divas. Interest rates on FCNR deposits should be frozen for a given period rather than adjust them along with domestic deposit rates. Tax incentives, dual citizenship, policies on immigration should be addressed. With a dedicated Minister for NRI Affairs, this is the best time to handle this issue. In my opinion, the hospitality industry needs lot of attention. Sops to attract tourists would send a green signal to visitors from abroad.

Sivakumar,

Marketing Manager

(Sales Administration & Reporting)

Mittal Steel South Africa.

(Send in your budget wish list (in about 200 words) with a brief profile of yourself and a digital photograph, which may be published, to wishlist2007@thehindu.co.in)

More Stories on : Budget

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Madurai mulls pre-job fair programme


Kalam calls for integrated development of urban, rural areas
`Good demand for loans to buy solar energy systems'
On taxation of salaried employees in India
Duty on polyester, nylon fibres likely to be cut
The tale of India's own very special Budget
"What the readers want"
`ADRs gaining momentum'
Petrol, diesel to cost less
Inflation rises to 6.73%
`Petro price cut should help moderate inflation'
Go global, Sivathanu Pillai tells Indian companies
Petro price cut: Oil counters turn negative
`Not in fray for ONGC top post'
`Reliance's Yemen venture to come up in 3 years'
VAT centre for traders
Govt ropes in IITs, IIMs for visionary leaders programme
Call for students to be innovative
Perth wooing Indian students
`Knowledge industry more conducive for women'
Call to propagate basic sciences
Evolvence India to invest in real estate in tier II, III cities
Shapoorji, IIT-K tie up for Bengal Biotech park
CXOs prepare to wear new hats...
Lanka to invest Rs 4 cr on tourism


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line