OOH....BUDGET ARRIVING

Budget 2007

WOW!!! The time has again arrived and everybody is waiting for budget 2007. A lot of speculations and rumors. Rumors like 10(10)(d) will not be there any more. 80CCC will be back with a blast. Anand Mahindra, M&M, says that excise on all vehicles should be reduced because auto industry has proved itself as “multiplier of economic wealth”. Kumar Mangalam Birla, chairman at Aditya Birla Group, says "We look forward to the fact that the reforms process will be continued and any simplification, any duty reversal that has happened by chance inadvertently should be corrected.". Regarded as the backbone of the Indian economy, small and medium enterprises finally seem to be getting their due. The government has shown intent to give them push and banks appear to be bending over backwards to provide them much needed finance, but is this enough? What do SMEs expect Finance Minister, P Chidambaram in this year’s Budget? Shreyas K Doshi, Managing Director of Shrenuj & Company, expects 0% duty, which can make India a jewellery hub!!! Nandan Nilekani, CEO at Infosys says, "I think health, education and infrastructure are the key priorities."

What will impact the producers???Will this year be better for the consumers??? How will the direct taxes effect the whole economy this year?? AND how will the income tax look??? Will the tax brackets be revised again?? Will railway budget again show profits???

So much of suspense. I think, this time is the best time in the whole year. Be it train, bus or any place, everbody is talking about the budget. People have started investing to gain from the previous budget. Some are waiting for the new budget to be declared. We are all waiting for the day, 28th feb to come and declaration of result by respected finance minister P. Chidambaram.

Lets see how it all turns out to be. ALL THE VERY BEST.!!!!!!