On 1March, business sections of leading dailies will in all likelihood read, “Finance Minister has extended benefit of MODVAT to capital goods. There is a move to impose countervailing duty on import of capital goods equivalent to excise duty on domestic capital goods.
This means that full credit of excise duty paid on domestic capital goods or countervailing duty paid on imported goods will be available at one time”. Exhausted, confused or both! Read on: intelligent common man, or `aam admi’ will have to hold forth on the known and unknown dimensions of Budget 2008-09 at dinner parties, business lunches or while chatting up co-passengers in local trains and chartered buses.
Every year, to the day, this bewildering document is awaited with expectations. It unfailingly postpones miracles, which promise to answer dreams of riches and wealth, so familiar to the common man.
Forecasts, economic outlooks and the country’s future are much debated, analyzed and pronounced from anything that swing between the two extremes of ‘grim’ and ‘hopeful’. From P3Ps to serious citizens, all voice an opinion on what they want the budget to do for them.
The wishlist captures demands and expectations that swing gleefully, from abolition of all taxes to a lowering of them, at different levels. Yet, when the FM unlocks the Pandora’s box, there are surprises.
http://in.news.yahoo.com/mint/20080227/r_t_mint_bs_budget08/tbs-web-exclusive-politics-of-the-indian-a839eca.html
This means that full credit of excise duty paid on domestic capital goods or countervailing duty paid on imported goods will be available at one time”. Exhausted, confused or both! Read on: intelligent common man, or `aam admi’ will have to hold forth on the known and unknown dimensions of Budget 2008-09 at dinner parties, business lunches or while chatting up co-passengers in local trains and chartered buses.
Every year, to the day, this bewildering document is awaited with expectations. It unfailingly postpones miracles, which promise to answer dreams of riches and wealth, so familiar to the common man.
Forecasts, economic outlooks and the country’s future are much debated, analyzed and pronounced from anything that swing between the two extremes of ‘grim’ and ‘hopeful’. From P3Ps to serious citizens, all voice an opinion on what they want the budget to do for them.
The wishlist captures demands and expectations that swing gleefully, from abolition of all taxes to a lowering of them, at different levels. Yet, when the FM unlocks the Pandora’s box, there are surprises.
http://in.news.yahoo.com/mint/20080227/r_t_mint_bs_budget08/tbs-web-exclusive-politics-of-the-indian-a839eca.html
