7 Jul 2009, 0507 hrs IST, SWAMINATHAN S ANKLESARIA AIYAR,ET Now
| Long on grandiose plans, but short on blueprint, the Budget was a dampener for most stakeholders. Macro data from budget 2009-10 | India Inc's hotshots on Budget |
- ET Exclusive: Interview with Prime Minister Manmohan Singh
- ET Exclusive: Interview with Finance Minister Pranab Mukherjee
- An inclusive Budget for India & Bharat: Narayana Murthy
7 Jul 2009, 0700 hrs IST, SANTOSH NAIR,ET Bureau
Fund managers betting on long term will be happy that fundamentals could be back in vogue on Dalal Street. Decoding Budget jargon I Budget 2009-10: Impact on Investor
For millions of working people stung by rising cost of living and salary freezes or cuts, Budget comes as a palliative, but not the cure. New Income Tax rates & slabs | ||
- FMCG, durable cos eye rural mkts
- Budget: Mobiles, TV cos to benefit
- Deal for steel, right mix for cement
- Cos shed FBT, staff may bear brunt
- Not enough to propel 4% farm growth
- Divestment target set at Rs 1,120 cr
- Spending on Bharat will spur growth
- IIFCL to pick infra loans from banks
Budget Reactions | ||||||
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- Budget 2009-10 backs farmers
- Markets see biggest Budget-day fall in point basis
- Budget 2009-10 lays major emphasis on infrastructure
- Budget 2009-10: IT exemption limit increased, corporate tax rate unchanged
- Budget 2009-10: No PAN card, shell out more
- Just cosmetic surgery for NPS won't do
- Tough on evaders, Saral for SMEs
- FBT abolition to cut cos' tax burden
- Given global crisis, fiscal deficit is fine: Parekh
- Lack of road map for fiscal consolidation disappoint
- Budget lacks flamboyance but not substance
- Budget seeks to minimise impact of global recession
- Government committed to public sector disinvestment
- Budget 2009-10: Realistic & broadly balanced, says Former RBI gov Bimal Jalan
- Spending on Bharat will spur India's growth too
- Budget first step in govt marathon
- Experts hail budget even as market gives thumbs down
Market News
Fund managers betting on long term will be happy that fundamentals could be back in vogue on Dalal Street. Decoding Budget jargon I Budget 2009-10: Impact on Investor
- CTT's out, cold chain investment turns hot
- 'Market may bounce back soon'
- 'FBT abolition positive; disinvestment target low'
- India not under rating strain: S&P
- MFs welcome budget 2009-10
News and Analysis
Tax sops extended by one year, no multiple taxation on packaged software, independent mechanism to deal with taxation of captive units of MNCs and no FBT.- Packaged software exempted from 8% excise duty
- FM offers faster solution to cross-border tax disputes
- Fails to live up to expectations: Yashwant Sinha
- Budget is no panacea for old maladies
- 'Quite realistic & broadly balanced'
Expert Speak
Swami said what was disappointing was that Budget totally missed on a road map on issues like setting FRBM target.******************************************
CNBC-TV18 Exclusive: FM says budget is a calculated risk
The Last Word: Impact analysis by CNBC TV18 Anchors
| Vivian Fernandes | Udayan Mukherjee | Vivek Law | ||||
Source:Moneycontrol,Economic Times.com
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