-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...
More »SEARCH RESULT
Total Matching Records found : 8174
Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
More »Budget 2013: Crop loans from private banks will be subsidised too-Atmadip Ray
-The Economic Tiomes Farmers borrowing crop loans from private banks will also get government's interest subvention scheme, finance minister P Chidambaram said in his 2013 Budget speech. At present, farmers used to get crop loans at a subsidised 4% a yeaR Rate from public sector banks, regional banks and cooperative banks if they repay in time. Farmers who repay loans in time, gets an additional 1% interest subvention from the government over and...
More »Economic Survey: Gujarat 2nd fastest growing state
-Express News Service Gujarat stands second after Bihar on the list of fastest growing states during the last seven years. Between 2005-06 and 2011-12, Gujarat clocked a Gross State Domestic Product (GSDP) growth of 9.98% while Bihar registered the highest growth rate of 10.17 per cent, states the Economic Survey 2012-13. Gujarat stood fourth on the list of states as far as GSDP growth for 2011-12 was concerned. With 8.2 per cent growth,...
More »Economy Survey sharpens debate over 'super-rich tax'
-The Times of India Amid the debate on a super-rich tax, the pre-Budget Economic Survey on Wednesday argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but don't pay any income tax. "It is much better to achieve a higher tax-GDP ratio by broadening the base which is taxed rather than increasing marginal tax rates significantly — higher and higher...
More »
