Business Daily from THE HINDU group of publications
Monday, Jun 29, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Jun 29, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Budget Raise taxable income slab for the salaried 
Sales of goods have gone down miserably over the last couple of years in particular. One feels really disheartened to see a number of shops in malls pulling down shutters in the absence of footfalls. The Finance Minister must look atways to increase the purchasing power of the common man and average salary earner by giving him tax relief. For instance, the taxable income slab must be increased so that we will have a few more rupees to spend. The Finance Minister could look at innovative alternatives such as a small cess on petrol to raise resources instead of increasing the tax burden on the one hand and to discourage use of private vehicles on the other. The reduction in bank interest rates still appears to be a myth! The new rates seem to be applicable only to new buyers and that too, for specific period. What about those who have already borrowed from banks? The new interest rate regime should benefit all those who opt for floating interest rates. This could particularly benefit home loan borrowers. B N Kumar, CEO, Concept PR
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