Greatly disappointing personal income tax payers, Finance Minister P Chidambaram’s Budget for 2007-08 proposed a marginal Rs 10,000 increase in threshold tax exemption limit, while foisting an additional one per cent education cess on them.
In the backdrop of rising prices and high inflation, taxpayers were expecting increase in exemption limit by Rs 30,000 to Rs [...]

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Indian industry has expressed disappointment over Finance Minister P Chidambaram’s Budget for 2007-08, raising concerns on lack of measures to increase productivity and for losing an opportunity to provide relief to the corporate sector.
“This budget is disappointing as there has been no steps announced to increase productivity in agriculture, electricity and other sectors which are [...]

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NEW DELHI: Following is the summary of Union Budget 2007-2008:
Reduction of duty on petrol and diesel, expanding the safety net for rural poor, additional one per cent cess to fund secondary and higher education and expansion of the service tax net are some of the highlights [...]

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Mr. Speaker, Sir
It is my privilege to present the Budget for 2007-08.
I. A MID-TERM REPORT CARD ON THE ECONOMY
2. In November 2006, the UPA Government crossed the midpoint of its term of office. A midterm report card can now be presented. There are many pluses and a few minuses, and I shall deal with both [...]

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India Inc on Monday hailed the Railway Budget as promising and said measures, especially those on containers and freight services, will not only help the industry but benefit the general public as well.
Industry chamber CII welcomed the freight rate cuts on petrol, diesel and iron ore saying it would have an overall positive impact on [...]

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On February 28, 2007, Finance Minister P Chidambaram will present the Union Budget for the fiscal year 2007-08. We present to you some FAQs on the event.
What is Budget?A Budget is a plan that outlines a nation’s financial and operational goals. So the Budget may be thought of as an action plan; planning a Budget [...]

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